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Shriram Comprehensive Bike Insurance Policy
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Every bike owner in India who rides their vehicle on the road must own at least a third-party two-wheeler insurance. However, bike owners can get complete coverage with Shriram comprehensive bike insurance. While more expensive than third-party insurance, comprehensive insurance covers a wide range of contingencies and unanticipated occurrences such as accidents, theft, natural catastrophes, and man-made disasters. The benefit to the insured is significantly more than the higher premium paid.
How does Shriram Comprehensive Two Wheeler Insurance Policy Work?
A comprehensive insurance policy works on a simple phenomenon, wherein it covers all sorts of mishaps and damages be it related to third-party and/or policyholder. It not only gives you peace of mind as you are protected against third-party legal liabilities but also all offers all-round protection against various other mishaps.
Your vehicle will be protected against theft, loss, and damage under a comprehensive two-wheeler insurance coverage. In the case of an accident, this policy will also provide coverage against third-party liabilities. Moreover, it is complete package policy covered under comprehensive policy of Shriram two-wheeler insurance.
Shriram Comprehensive Two Wheeler Insurance Vs Third Party Two Wheeler Insurance
|Basis||Comprehensive Two Wheeler Insurance||Third-party Two Wheeler Insurance|
|Coverage||Comprehensive bike insurance provides coverage for both, third-party liability and own damages.||Third-party bike insurance is a common bike insurance policy that only covers damages and losses caused by your bike to third-party, vehicles, or property.|
|Legal||Optional to buy||Mandatory to buy|
|Add-ons benefits||You can choose various add-ons with this policy.||This policy doesn’t allow to include add-on covers.|
|Premium amount||A comprehensive bike insurance coverage has a higher premium than third-party insurance.||Bike insurance for third party policy is less expensive.|
How to Buy Shriram Comprehensive Two Wheeler Insurance?
To acquire comprehensive two-wheeler insurance at Shriram company, follow the steps below:
Step 1: Go to Shriram Insurance’s official website.
Step 2: Enter your bike registration number or other details such as make, model, variant, year of registration, and so on. Then, proceed to get the expected quote.
Step 3: Enter your personal information, such as your name and phone number, and you will be able to buy comprehensive insurance simply online.
Step 4: Do the evaluation, consider quotes, and choose a payment method that best fits your demands and budget.
Step 5: Pay for the comprehensive two-wheeler insurance policy you have chosen. After payment, the policy agreement and other details will be sent to your registered email address.
What All is Covered Under Shriram Comprehensive Two Wheeler Insurance?
While you think of buying a Shriram two-wheeler comprehensive insurance policy, Remember to consider the following benefits of purchasing a comprehensive two-wheeler insurance coverage.
Natural Calamity Damage or Loss: A comprehensive two-wheeler insurance policy will cover any damage or loss to the insured bike caused by a natural calamity, including typhoon, cyclone, etc.
Damage or Loss Caused by a Man-made Calamity: A comprehensive two-wheeler insurance policy will cover any damage or loss caused by a man-made calamity such as a riot, any malicious act, terrorist activity, strike, damage caused during transit by rail, inland waterway, road, lift, air, or water, and so on.
Own Damage Coverage: This coverage protects the insured vehicle against any loss or accidental damage.
Third-party Coverage: The comprehensive two-wheeler insurance policy covers all kinds of losses and damages caused to the third-party person or property caused because of a sudden accident.
Theft: The covered vehicle receives coverage if the insured motorcycle is stolen.
Loss by Fire: Any damage or loss caused to your two-wheeler by self-ignition, explosion, or fire is covered under a Shriram comprehensive insurance policy.
What All is not Covered Under Shriram Comprehensive Two Wheeler Insurance?
A comprehensive two-wheeler at Shriram insurance policy does not cover the following:
- Vehicle depreciation and wear & tear.
- The insured vehicle's mechanical or electrical failure.
- Illegal practices included driving the bike without a valid driver's licence.
- When the driver was under the influence of alcohol or drugs, the accident occurred.
- Any loss or damage caused by a mutiny war, nuclear assaults, or other unforeseeable disasters.
Shriram Comprehensive Two Wheeler Insurance Benefits
A Shriram comprehensive bike insurance policy provides much more benefits than allowing third-party liability coverage. All third-party insurance benefits, such as damage to a third-property party's or vehicle, as well as any personal damages to a third party, such as hospitalization, death, or disability, are covered. Following are some of the advantages of comprehensive bike insurance:
- Coverage of overall damages.
- Coverage for expenses that occurs as a result of accidental and other damage.
- Liability protection for third parties
- Injury protection for the bike rider
Shriram Comprehensive Two Wheeler Insurance Review
You can quickly renew your two-wheeler comprehensive insurance at Shriram Insurance because of company’s reliable and fast services. There are no unnecessary formalities and examinations. Their amazing customer support helps you throughout the journey.
Add ons for your Two Wheeler Insurance
Shriram Comprehensive Two Wheeler Insurance FAQs
1. How does a Shriram two-wheeler comprehensive insurance differ from third-party insurance?
A comprehensive two-wheeler insurance policy covers both, third-party as well as own damages. Whereas, third-party insurance only covers third-party liabilities.
2. What are the documents required to buy Shriram two-wheeler comprehensive insurance?
Documents proving identity, documents proving your address, (passport, government-issued address proof, bank or post office passbook). Copy of DL and RC. A recent passport-sized photograph is required.
3. Can I make payment for Shriram two-wheeler comprehensive insurance online?
Yes, it is completely safe and simple to pay the insurance cost and premium of Shriram two-wheeler comprehensive insurance online.
4. How can I calculate the premium of my Shriram comprehensive two-wheeler insurance?
You can use the Shriram premium calculator to calculate accurate premium amounts.
5. Is the no claim bonus facility available under the Shriram comprehensive bike insurance policy?
Yes, the comprehensive two-wheeler insurance policy allows you to enjoy a no-claim bonus if you don’t claim during your policy tenure.
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