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Shriram General Car Insurance
- Shriram Own Damage Car Insurance
Shriram Standalone Own Damage Car Insurance
A Shriram Standalone own damage car insurance policy is designed to specifically protect the insured car from unforeseen mishaps like road accidents, theft, calamities etc. This car insurance plan by Shriram General Insurance Company can be purchased along with third-party insurance for additional coverage.
Key Features of Shriram Standalone Own Damage Car Insurance
| Categories | Key Features |
| Own Damage Cover | Yes |
| Mandatory | No |
| No Claim Bonus | Upto 50% |
| Add-on Covers | Yes |
| Zero Depreciation cover | Yes |
| PA Cover | Upto Rs. 15 Lakhs |
Coverage Under Shriram Standalone Own Damage Car Insurance
- Losses arising as a result of fire or explosion are included
- Damages sustained by the insured car due to natural calamities like hurricanes, typhoons, cyclones, etc
- Damages arising as a result of manmade acts like riots and strikes
- Partial or total loss of the insured car due to theft or burglary is covered under the policy
- Damages caused to the insured vehicle as a result of external means such as a collision
- Accidental damage sustained by the insured car when the driver was not carrying a driving license is not covered under the four-wheeler insurance policy
- Any accidental liability sustained by the insured vehicle outside the policy geographical area
- Claims arising out of any contractual liability are not covered
- Accidental damage or loss arising as a result of nuclear or civil war
Add-ons Under Shriram Standalone Own Damage Car Insurance
Shriram General Insurance Company also offers certain additional covers that a policyholder can purchase to enhance the coverage of his/her OD policy. These add-ons are:
- Depreciation Waiver Cover
- Personal Belongings Cover
- Key Replacement Cover
- NCB Protect Cover
- Roadside Assistance Cover
How to Buy Shriram Standalone Own Damage Car Insurance Policy?
A Shriram own damage car insurance policy can be purchased online from Policybazaar.com. Simply visit the official website and follow the steps mentioned below:
- From the homepage, select the ‘Car Insurance’ tab
- You will now be taken to a form where you will be required to enter your car number
- Now choose your car’s RTO from the given list of dropdown
- Select your car’s manufacturer, model, variant and registration year on the given pages
- Fill in the given registration form with your name, email and contact number
- From the given own damage car insurance plans, choose the Shriram OD insurance plan along with add-ons that you wish to include in your plan
- Once you are satisfied with the coverage, you can pay the premium amount via desired online payment mode
- After successful payment, your Shriram car insurance policy documents will be mailed to you.
Documents Required to Raise Shriram Standalone Own Damage Claim
To raise a claim with your insurance provider, inform them about the accident within the next 48 hours. The insurer will send a surveyor to assess the damages sustained by the insured car. Next, you must submit certain documents to the surveyor for claim verification.
These documents include the following:
- Duly filled and signed own damage claim form
- Copy of vehicle’s registration certificate
- Copy of car insurance policy
- Copy of Police FIR
- Bills of repair
- Estimates of repair
FAQs
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Q1. How can I reduce Shriram own damage car insurance premium?
Ans: To reduce Shriram OD car insurance premium, follow the tips mentioned below:
- Install an anti-theft device in your car
- Choose your add-ons wisely
- Do not raise a claim in the policy year
- Become a member of the Automobiles Association of India
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Q2. Can I renew own damage car insurance online?
Ans: Yes, Shriram OD car insurance renewal can be done online on Policybazaar.com. Enter your car details and renew your policy in just a few minutes.
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Q3. What factors are considered while calculating own damage premium?
Ans: Insurance companies consider the following factors while calculating the premium for own damage car insurance:
- Make and Model
- Insured Declared Value of the car
- Coverage opted
- Add-ons opted
- Geographical location of the car
- No Claim Bonus discount
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Q4. Is own damage car insurance necessary?
Ans: An own damage car insurance policy is not mandatory as per Indian motor laws. Only third-party car insurance is a compulsory cover to drive on the roads of India.
Car Own Damage
Bajaj Allianz Standalone Own Damage Car Insurance
Cholamandalam Standalone Own Damage Car Insurance
Digit Standalone Own Damage Car Insurance
Future Generali Standalone Own Damage Car Insurance
HDFC Ergo Standalone Own Damage Car Insurance
ICICI Lombard Own Damage Car Insurance
IFFCO Tokio Standalone Own Damage Car Insurance
Liberty Standalone Own Damage Car Insurance
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Car insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.