Shriram General Private Car Package Policy

• Protection from loss or damage to your car
• Cover for third party liability
• Personal accident cover for owner cum driver
• Avail No Claim Bonus benefit
• Additional covers to enhance coverage
• No paperwork is required to buy policy online
• 24x7 customer support
• Smooth and speedy claims settlement
• Hassle-free cashless service at preferred network garages

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

In the event of third party property damage, this policy will offer you the compensation up to Rs 7.5 Lakh.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 2 lakhs is payable towards personal accident cover during any one period of insurance.

No Claim Bonus

No Claim Bonus (NCB) as 20%, 25%, 35%, 45% & 50% is applicable, in case of a claim-free policy year. The NCB benefit may vary depending on the type of vehicle and the number of no-claim policy years.

Discounts

You can avail discounts in premium in case you opt for higher deductibles. You can also grab 40% discount on buying policy online.

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

• Nil Depreciation: It pays the depreciation amount deducted on the value of the parts replaced for an approved claim, in case of loss or damage caused to the vehicle insured.
• Return to Invoice: In the event of a Total loss/ Constructive Total Loss (CTL) or Total Theft of the vehicle, it pays the ‘shortfall amount’ between the amount received and the current replacement value of the vehicle if the same make model is available. This cover is applicable to new vehicles only.
• Key Replacement: In case, your keys are lost or stolen, the cost to new set of lock and key from manufacturers only are reimbursed.
• Personal Belongings Cover: The loss or damage caused to the personal baggage kept in the insured vehicle is payable.
• 100% Reimbursement of Car Value: In the event of a Total loss/ Constructive Total Loss (CTL) or Total Theft of the vehicle, it pays the ‘shortfall amount’ between the amount received and the price as per the purchase invoice OR the current replacement value of vehicle if the same make model is available, whichever is less.

• Loss of Accessories: Cover towards loss of vehicle’s electrical & electronic accessories are available, as specified under the policy.
• Bi-Fuel System: Your CNG/LPG Kit can also be covered with this add-on cover.
• Personal Accident: You can avail this cover for yourself, driver of your vehicle and unnamed passengers as per the seating capacity of the vehicle. The Personal Accident cover is available in a range of Rs 10,000 to a maximum of Rs 2,00,000.
• This policy also provides other add-on coves such as Emergency Transport & Hotel Expenses Reimbursement and Multi Car Rebate.

Following are the conditions that are not covered under this policy:

• Vehicle is used outside the geographical area
• Vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
• Any claim arising out of contractual liability
• Loss /Damage outside India
• Mechanical breakdown
• Consequential loss
• Depreciation, wear and tear
• Intoxicated driving
• Loss/Damage caused due to War/Mutiny/Nuclear risks, etc.