Shriram Comprehensive Bike Insurance Policy

Shriram General Insurance is a fast-growing insurance company that has supported its policyholders during the unforeseen events of life. Shriram comprehensive bike insurance helps to deal with the liabilities arising from accident, damage or theft of the insured’s bike. It takes care of the third party liabilities as well as the damage occurred to the insured’s bike. It provides financial security and peace of mind to the policyholders.

Shriram Comprehensive Bike Insurance vs Third Party Bike Insurance

What All is Covered Under Shriram Comprehensive Bike Insurance Plan?

Shriram comprehensive bike insurance provides coverage for the following:

• Coverage for third party liabilities: The policyholder receives coverage for the financial and legal liabilities towards the third party caused by the insured’s bike. The insurer provides compensation up to Rs. 1 lakh for the property or vehicle damage of the third party. In case of bodily injury, disability or death of the third party, the compensation amount is decided by the court of law.
• Protection against natural calamities: The plan provides coverage for damages incurred by the insured bike due to natural calamities such as flood, earthquake etc.
• Protection against man-made disaster: The insurer covers the own damage incurred by the insured bike due to riots, strikes, fire and any other man-made disaster.
• Theft of the insured’s bike: The plan provides insurance cover in case the insured’s bike gets stolen.

What All Is Not Covered Under Shriram Comprehensive Bike Insurance Plan?

Shriram comprehensive bike insurance policy refrains from providing coverage under the following circumstances:

• Normal wear and tear
• Mechanical or electrical breakdown
• Absence of valid license while driving
• For an accident due to contractual agreement
• In case of conflict or war, mutiny or nuclear risk
• For driving under the influence of alcohol or intoxicating drugs
• If the bike was not driven by the described person at the time of the accident.

Shriram comprehensive bike insurance policy provides the following advantages to its policyholder:

• Quick insurance claim settlement
• Round the clock helpdesk service
• The insurer compensates for the damage or theft of the insured bike
• The coverage of the policy can be extended by availing add-on covers
• The policy provides cashless repairs for the insured’s bike in the network garages
• The insurer provides financial and legal assistance to the policyholder for the third party liabilities.