Shriram Car Insurance

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  • The company has more than 2,000 cashless network garages across India
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  • Offers multiple add-ons with the comprehensive policy
  • 24*7 claim service assistance
  • Commendable claim settlement ratio of 94.56%
  • Awarded “Excellence in Growth Award” for two consecutive years in 2011 and 2012

About Shriram General Insurance

Shriram General Insurance is a part of the Shriram Group which was established in 1974. Till September 2012, it operated as a joint venture between Shriram Capital Ltd. and Sanlam Limited (South Africa) with the ownership ratio of 74:26. Sanlam Limited is one of the leading financial services groups in South Africa with a market capitalization of more than $6 billion. It came into existence in 1918 and the group was demutualised in 1998. SANTAM is a part of Sanlam Limited, which is engaged in the short-term insurance segment and is a pioneer short-term insurance company in South Africa.

In September 2012, the stake of Sanlam Limited (South Africa) was transferred to Shriram Capital Ltd. Today, the company has a customer base of around 10 million people and has a workforce of more than 45,000 employees working in over 2,400 branches in India. The company has a net profit of more than Rs. 15 million and assets under management worth Rs 60,000 crores. It offers a wide array of products ranging from health, travel and motor insurance. Furthermore, it also renders policies to cover things like weddings, shops and most types of assets.

The company’s slogan “Be Insured…….Rest Assured” highlights its aim towards delivering the best possible service to its customers. Shriram General Insurance has been accoladed with the prestigious “Excellence in Growth Award” for two consecutive years in 2011 and 2012. The company claims to have a business philosophy of serving the common people as much as they can.

The last few decades have been fruitful for the company and has ensured strong growth & sustainability for over thirty years.

Shriram User Reviews

76 reviews Write a Review
  • The paperwork is completely eliminated from the processes of Insurance Dekho. They function digitally without any paper use.

    Toshi Shah
    On: April 1, 2020 | Views
  • Overall experience is good.

    Anjali Sharma
    On: March 30, 2020 | Views
  • There is a huge customer care team available at Insurance Dekho. The personnel are dedicated to helping you on all the 7 days of the week.

    Harsh Oberoi
    On: March 30, 2020 | Views
  • Good, it was a nice experience.

    On: March 27, 2020 | Views
  • At Insurance Dekho, you just need to put some relevant details and renewal will become a matter of a few minutes only.

    Vikram Jhangla
    On: March 26, 2020 | Views

Shriram Car Insurance FAQs

  • What is the validity of a car insurance policy?

    Shriram General Insurance offers both short-term (1 year) and long-term (3 year and 5 year ) car insurance policies.
  • What all modes of payment are available at Shriram for car insurance policy renewal online?

    The company has a dedicated portal, where you can pay the policy premium, for both the purchase of a new policy and renewal of an existing policy, using a Debit/Credit card or Net Banking.
  • What if someone else was driving my car at the time of accident?

    Even if someone else was driving your car at the time of an accident, the insurance policy will remain applicable.
  • How is the Sum Insured determined?

    The Sum Insured mainly depends on the Insured Declared Value (IDV) of the car. The IDV is the manufacturer’s listed price of the vehicle minus depreciation. Apart from IDV, the sum insured also depends on the fuel type, engine displacement and make and model of the car.
  • What if no claim is filed during the insurance period?

    In case no claim is filed during the entire policy tenure, the policyholder will be entitled to get a No Claim Bonus (NCB) discount on own-damage premium of the policy at the time of renewal. The NCB discount can be accumulated over the years and usually ranges between 20-50% of the own-damage premium.
  • What is the maximum limit of Third Party Cover?

    In case of bodily injury/death of a third party due to an accident involving the insured car, the insurance company is liable to provide a limited/unlimited compensation amount decided by a court of law. However, in the case of third party property damage, the insurance company’s compensation liability is capped at Rs. 7.5 lakh.

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