Shriram General Long Term Two Wheeler Package Policy

What is the Plan all About?

Long Term Two Wheeler Package Policy provides comprehensive cover with ‘Third Party Liability’ cover along with ‘Own Damage’ cover. By buying this motor insurance policy, you get the coverage against bodily injury and/or property damage caused to a third party at the fault of your vehicle. It also covers your vehicle for the loss or damage resulting from perils, as covered under the policy.

Key Features

Protection from loss or damage to your two wheeler
Cover for third party liability
Personal accident cover for owner cum driver
Discount in premium available
Avail No Claim Bonus benefit
Transfer of existing No Claim Bonus
Coverage available at low premiums
Additional covers to enhance coverage
No paperwork required to buy policy online
24x7 claims service
Hassle free cashless claim at network garages

What are the Plan Benefits?

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 1 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 1 lakh 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.

Additional Covers

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

Loss of Accessories: Cover towards loss of vehicle’s electrical & electronic accessories are available, as specified under the policy.
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.

Major Exclusions

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.