Shriram Bike Insurance Claim

Shriram Bike Insurance

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  • 78.78% Claim Settlement Ratio In FY18
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  • Cashless Services At More Than 2,000 Network Garages
  • 24x7 Customer Assistance
  • Instant Policy Issuance
  • Claim Settlement Within 7 Working Days

​Shriram Bike Insurance Claim

Shriram General Insurance has efficiently settled the claim of thousands of its policyholders over the years. It has recorded a claim settlement ratio of 78.78% in the financial year 2017-2018.

Shriram General Insurance has digitalized the claim settlement process. It has set up an efficient helpdesk service to resolve the issues of the policyholders. It guides you through the whole procedure of claim settlement so that the policyholder has a hassle-free experience.

List of Documents Required During Claim Settlement

The following documents are required at the time of a claim settlement.

  • Duly filled and signed claim form
  • A copy of Registration Certificate (RC)
  • Driving license of the person driving at the time of the accident
  • Policy copy
  • Original repair estimate, repair invoice and payment receipt for non-cashless claims
  • Original repair invoice for cashless claims.

How To Make a Cashless Bike Insurance Claim with Shriram Bike Insurance Policy?

The claim settlement procedure of Shriram bike insurance policy has been a seamless one as the whole process involves three simple steps.

Step 1: Contact Magma HDI General Insurance and register the claim

The policyholder should intimate the insurer immediately after the accident, theft or damage of the insured’s bike. For claim intimation, the policyholder should dial one of its helpline numbers which are 1800 300 30000 and 1800 103 3009 or visit the nearest office. For the online claim intimation, follow the simple steps mentioned below.

  • Visit the official website
  • Click on “Claims”
  • Select “Intimate a Claim” from the drop-down menu
  • As the page opens, enter your policy number and registration number, Chassis number or engine number.
  • The intimation process ends with a claim registration number.

In case of a call or office visit, the company executive provides you with the claim registration number.

Step 2: Survey of Damages

A company surveyor is appointed to assess the extent of the damages caused to the bike during the accident. The surveyor visits the site for verification. In the case of third party property damage, the policyholder should provide its vehicle registration number. One can provide contact details of witnesses as proof. The surveyor estimates the cost of repair and collects the duly filled claim form, policy documents and proves of the incident.

Step 3: Claim Settlement

After the final verification of the surveyor, the insurance company confirms its liabilities. The insured’s bike can be moved to the nearest network garage. After the repair, the insurer pays off the expenses of repair of the insured’s bike to the garage. The claim amount is calculated factorizing the depreciation and deductibles.



How To Make a Reimbursement Bike Insurance Claim with Shriram Bike Insurance Policy?

The policyholder can register a reimbursement claim if he cannot find a network garage nearby or wish to repair it in any other garage. A reimbursement claim ensures compensation for the repair expenses. The reimbursement claim procedure has been discussed below.



Step 1: Contact Shriram General Insurance and register the claim

It is necessary to intimate the insurer after the accident, theft or damage of the insured’s bike. For claim intimation, the policyholder should dial one of its helpline numbers which are 1800 300 30000 and 1800 103 3009 or visit the nearest office. For the online claim intimation, open the official website and follow the simple steps mentioned below.

  • Click on “Claims”
  • Select “Intimate A Claim” from the drop-down menu
  • As the page opens, enter your policy number and registration number, Chassis number or engine number.
  • A claim registration number is provided at the submission of the form.

In case of intimation of claim through call or office visit, the company executive provides you with the claim registration number.



Step 2: Survey of the Damages Incurred

A surveyor is sent by the insurer to check the condition of the bike before it is sent for repairs. The surveyor prepares an estimate of the cost of repair. The policyholder has to submit the documents, duly filled claim form and the proves to the surveyor.

Step 3: Repair and Reimbursement

After the approval from the surveyor, the policyholder can send the bike to his desired garage. Submit the bills and receipts of repair along with policy documents to the insurer to receive the reimbursement. The company checks the details and finally disburses the claim amount taking into account all the deductibles and depreciation.

Common Claim Rejection Reasons

In case of claim settlement under Shriram General Insurance, there are specific grounds that you need to consider so that your claim is not rejected. The insurer rejects a claim for the following reasons.

  • Registration of a fraud Claim
  • Misinterpretation of facts
  • Claiming wrong coverage amount
  • Driving without a license
  • Driving under the influence of alcohol or intoxicating drugs
  • Delay in intimation about the mishap to the insurer
  • Act of negligence.

Shriram Bike Insurance User Reviews

86 reviews Write a Review
  • Processes without any paperwork

    The paperless benefit of InsuranceDekho makes its processes easier and quicker. I bought a Shriram bike insurance policy from the insurance portal for...

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    K
    Keshav Mathur
    On: July 10, 2020 | Views
  • Great online support

    I have a policy of Shriram insurance that I bought through InsuranceDekho portal. Its support team is awesome and its executives answer all my insuran...

    Read More
    R
    Rishi Nigam
    On: July 9, 2020 | Views
  • Quick settlement of claims

    I experienced the fastest settlement of my claim with Shriram insurance plan after I met with an accident with my Honda Activa 5G Scooty. The Insuranc...

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    K
    Kavita Singh
    On: July 3, 2020 | Views
  • Top-notch insurance services

    The InsuraceDekho provided me with the best insurance services like policy purchase, claim assistance, policy renewal, etc. I bought a Shriram insuran...

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    B
    Bijendra Singh
    On: June 26, 2020 | Views
  • Prompt policy issuance

    The InsuranceDekho team advised me to buy Shriram Insurance to insure my Bajaj Avenger Street 220 bike in just 5 minutes. I am very happy and overwhel...

    Read More
    R
    Raj Jain
    On: June 25, 2020 | Views

Shriram Bike Insurance Claim FAQs

  • In case of a claim due to theft of the insured’s bike, do I need to transfer the Certificate of Registration of the stolen bike?

    Yes, if you are looking for a claim settlement due to the theft of the insured’s bike, you have to get the Registration Certificate transferred in the name of the company, hand over the keys of the vehicle, submit a letter of Subrogation and Indemnity on stamp paper duly notarized.

  • How can I find the nearest branch of Shriram General Insurance?

    You can find out the nearest branch of Shriram General Insurance using the “Branch Locator” on its official website or call its toll-free numbers 1800 300 30000 and 1800 103 3009 for assistance.

  • What are the documents required from the Police Authority for registering a claim in case of theft?

    You need to provide an F.I.R copy and Non-Traceable Report from the Police Authority for registering a claim in case of the theft of the insured’s bike.

  • How to check the claim status of my Shriram bike insurance policy?

    You can check the claim status of your Shriram bike insurance through its official website.

    • Open the homepage of the official website
    • Click on “Claims”
    • Select “Claims Status” from the drop-down menu
    • Fill up the required fields and click the “Submit” button
    • The claim status will be shown.

    Alternatively, you can get the claim status by calling on their toll-free numbers 1800 300 30000 and 1800 103 3009 and referring to the claim using the claim registration number

  • Can I register a claim if the accident has occurred beyond the city limit?

    Every policy has its predetermined geographical limit. If the accident has occurred within the geographical limit as stated in the Shriram bike insurance policy documents, you can surely register a claim even if the location of the accident is beyond the city limits.

Shriram Bike Insurance Contact Details

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