Shriram Bike Insurance FAQs

The change in premium amount does not depend solely on claims. It also depends on other factors like the model of the vehicle, the nature of the policy, etc.

You need to visit the website (www.shriramgi.com) of Shriram General Two- Wheeler Insurance to avail of the claim form and the detailed list of cashless garages is also found on the website.

Yes, add-ons are available with the two-wheeler insurance plans like Engine Protector, 
Nil Depreciation, Consumables, Return to Invoice, Roadside Assistance Cover, etc.

The incurred claim ratio for motor insurance claims under Shriram Two-Wheeler Insurance is 94.56%. It is the motor ICR, not the total ICR.

Shriram Insurance allows you to renew the insurance policy via both offline and online procedures. 

Visit the Shriram Insurance website and check the insurance renewal status in a few seconds.

Yes, you can conveniently change your insurance provider at the time of policy renewal. At Shriram Insurance, it’s a quick process. 

Yes, Shriram Insurance company provides a safe and secure online option to renew the insurance policy online. 

Yes, you can visit the company’s website and find the online application process under the claim section.

Yes, if the insured's bike was stolen, you must have the registration certificate moved to the company's name, hand over the keys of the vehicle, and file a letter of subrogation and indemnity on stamp paper that has been notarized.

You can use the "Branch Locator" on Shriram General Insurance's official website to identify the nearest branch or call their toll-free lines 1800-300-30000 and 1800-103-3009 for assistance.

The policyholder will be eligible for no-claim bonus (NCB) discount on the policy's comprehensive or own-damage premium at renewal if no claims are submitted during the whole term of the policy.

You may be fined, you may face legal consequences, and bike insurance claims will also be denied in the future. Thus, to avoid such a situation, it is always recommended to buy/purchase insurance either directly from the insurer or a reliable agent. 

Shriram company allows the insurance holders to download policy documents online, which requires no charges.

The time limit of policy alteration depends on the policy type, which can take up to 7 days.

You must mention the current address where the bike is being used. Because premiums range between high-risk and low-risk locales, insurance coverage is determined by the vehicle's location.

If you do not update your insurance plan's address, your claims may be denied, and you may not receive adequate reimbursement.

Add-on covers in two-wheeler insurance refer to additional coverage that can enhance the coverage of a regular policy for an additional fee. Zero depreciation coverage, roadside assistance coverage, are a few examples.

The number of add-ons that you can purchase with a bike insurance policy is unlimited. You can customize your policy with as many add-ons as you want.

Bike insurance add-ons are not necessary, but they are recommended because they enhance the coverage of your ordinary insurance policy.

Before buying the policy, you should understand the features, coverage, and premium amount of a bike insurance add-on.

A comprehensive two-wheeler insurance policy covers both, third-party as well as own damages. Whereas, third-party insurance only covers third-party liabilities.

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. 

Yes, it is completely safe and simple to pay the insurance cost and premium of Shriram two-wheeler comprehensive insurance online.

You can use the Shriram premium calculator to calculate accurate premium amounts.

Yes, the comprehensive two-wheeler insurance policy allows you to enjoy a no-claim bonus if you don’t claim during your policy tenure.

As a basic difference, we can mention that Shriram third-party two-wheeler insurance only covers the liability of a third-party individual whereas comprehensive policy covers both own damages as well as third-party liabilities.

No, Shriram third-party bike insurance insurance doesn’t allow you to buy add-on covers.

You cannot get NCB benefits with a third-party bike insurance policy.

Yes, third-party bike insurance is mandatory under the Motor Vehicles Act of India.

The maximum compensation in case of third-party property damage is up to INR 7.5 lakh, but in case of third-party death there is no fixed compensation as the same will be decided by the Court of Law.

Yes, bikes under the age of 5 years are covered by Shriram’s zero depreciation policy.

Definitely, the no-claim bonus is allowed on zero depreciation insurance, but the condition is that the previous year must be a claim-free one.

A premium for zero depreciation add-on coverage should be with the basic premium. The payment, however, is not paid separately. All of the fees are included in the overall premium for auto insurance coverage.

Yes, you can buy the policy, pay the premium, and do other processes online at Shriram Insurance.

You may add zero depreciation coverage to your basic auto insurance policy at any time, whether you're buying a new policy or renewing an existing one.

Accidental damages, damages caused by transit, theft or vandalism, natural calamities, and man-made disasters are all covered under a standalone own-damage policy.

The Shriram premium calculator makes determining your policy premium straightforward. Use this online financial tool to organize all of your financial information.

No, standalone two-wheeler insurance is optional; nevertheless, third-party two-wheeler insurance is required under the Motor Vehicles Act of 1988.

Yes, Shiram’s two-wheeler insurance policy will pay such losses in case of covered insured bike.