Motor insurance is mandatory in India under the Motor Vehicle Act, 1988. It is designed to offer coverage for any accidental damages sustained by the insured vehicle and against the third-party liability which can be man-made or natural calamities. In India, Motor Third party insurance is mandatory. Shriram General Insurance provides Third Party Liability (TP) Cover, Stand Alone Own Damage (OD) Cover and Comprehensive cover (TP+OD).

Motor insurance includes products like Two-Wheeler Insurance, Car Insurance and Commercial Vehicle insurance Goods as well as Passenger Carrying.

Two-Wheeler Insurance - Purchasing a bike comes with a responsibility to secure it against unseen events such as an accident, theft, and natural and man-made disasters. Shriram GI Two-wheeler insurance policy protects the vehicle and the vehicle owner against third-party liability, earthquakes, floods, lightning, thefts, vandalism, riots and more. Here with Shriram General Insurance, you can get various bike insurance coverages such as third-party coverage, own damage coverage and comprehensive coverage online and offline.

Car Insurance - If you own a car, you must protect it against unpleasant events such as third-party liability and other losses and physical damages to Car, ShriramGI offers everything related to car insurance. For example, the company covers the cost of repair in case of an accident. You can file a claim swiftly for damage caused to another vehicle. Whereas, own damage covers the loss and damage to the owner and the vehicle.

Commercial vehicle insurance - Commercial vehicles are bulky and giant one that overlooks the road. It can be dangerous for other vehicles, pedestrians, and themselves too. And, these commercial vehicles involve trucks, tractors, pickups, buses, autos. Therefore, to ensure their safety against Third-Party Liability, Loss to Own Damage due to natural and man-made disasters, commercial vehicle insurance is required.

Motor Add-On Covers

Motor Add-on covers are the additional security available with a motor insurance policy of the customer's choice. Add-on cover provides additional safety by paying some extra premium. It is always beneficial to have extra safety for your vehicle and yourself. ShriramGI motor insurance has various add-ons that play a valuable role. Basic motor insurance covers don't allow additional safety. These add-ons are designed to support additional requirements of the insured. Following are the add-ons for motor insurance.

• Zero depreciation cover - Nil depreciation or bumper-to-bumper cover is an add-on that provides the total cost of replacement in case of vehicle damage. Due to the nil depreciation add-on, the depreciated value won't be deducted from the claim amount.
• Key replacement - This add-on is useful for insureds for replacement of keys in case it is lost or stolen. The insured get reimbursement for the cost of replacing the lock and keys in case of a broken vehicle. If the insured is locked out of the vehicle due to the theft of insured keys.
• Personal belongings -ShriramGI provides one more beneficial add-on that is designed to protect your personal things against theft or burglary. Personal belongings for the purpose of this section means items such as clothes and other articles of personal nature likely to be worn, used or carried and includes audio/video tapes, CDs but excludes money, securities, cheques, bank drafts, credit or debit cards, jewellery, lens, glasses, travel tickets, watches, valuables, manuscripts, paintings and items of similar nature. Any goods or samples carried in connection with any trade or business is not covered.
• Roadside assistance - Road Side Assistance is an add-on cover that can be purchased along with Car, Two-Wheeler & Commercial Vehicle Insurance policy, when your Vehicle breaks down and you are trapped in an uncertain situation, RSA can help you get out of that scenario right away. Roadside Assistance is there for vehicular support services offered by ShriramGI across India. It helps to fix the vehicle problem on the spot by towing, minor repairs, and other services required as per the situation and, availed cover. The insurance company provides RSA facility at its best to give comfort to the insured instantly. You never know, how risky roadside unknown emergencies can be. It can be unpredictable stressful, restless, frustrating, and fatal too. In such cases, SGI provides services like minor on-site repairs, replacing the flat tyre, battery jumpstart, towing, refueling, and much more as per the company’s policy.

Shri Motor Protection Policy -If any motor accident arises out of the use of the Insured Vehicle, SGI will provide an advocate to guide and/or defend the Insured from police and proceedings in the court of judicial magistrate only.

Features:

• Bail formalities at police station
• Superdari process for releasing of vehicle till further orders
• Advocate to guide and/or defend from any police cases/legal proceedings in the court, limited to judicial magistrate only

(The Click here buttons will lead to approved brochures for the respective products that are attached only Commercial Vehicle Insurance is under approval process)