Reasons To Opt For Shriram Bike Insurance

While insuring your bike is mandatory according to the Indian Motor Vehicle Act, it is equally important to pick coverage that grants maximum financial protection. Since different insurance companies offer different bike insurance plans, comparing different policies is the best way to select the most optimal coverage at an affordable premium. One of the most reliable and comprehensive bike insurance coverage is offered by Shriram General Insurance. 

Shriram General Insurance is a subsidiary of the Shriram Group, an Indian conglomerate founded in 1974. Industrial Manufacturing, Food and Retail, Infrastructure and Energy, Information Technology, and other divisions make up the company. The company not only provides financial services but also non-financial services to fulfil the needs of regular people. Read on to understand why it is wise to pick Shriram General Insurance for insuring your two-wheeler. 

Reasons To Pick Shriram General Insurance

The following are the benefits and features provided by Shriram General Insurance that make it a good choice to buy your bike insurance from -

• Reliable And Reputed

When buying bike insurance, it is very important to verify the insurer’s authenticity. Buying from a reliable insurance provider will mean that you can rely on them when there has been an accident or any other misfortunate event that has resulted in damaging your bike. The Shriram Group's insurance division has expanded considerably in recent years, to the point that it has been given the "Excellence in Growth Award" for two years in a row (2011 and 2012). The firm is regarded as a key participant in the insurance industry, with a growing number of branches around the country. It also has a Claim Settlement Ratio of 77.26% implying reliable settlement of claims. 

• Refund Facility 

If a client chooses to cancel the Shriram Two Wheeler Insurance plan, he or she must go to the company's local branch with the policy paperwork and fill out and submit the surrender form at the counter. The documents will then be reviewed by officials, and if they are found to be satisfactory, the plan will be cancelled, and the consumer will get a return to his or her bank account.

• Cashless Facility 

The cashless claim facility is one of the most convenient features offered by Shriram General Insurance. When you raise a cashless claim at Shriram General Insurance, you can take your bike to the nearest network garage for repairs after the inspection. The best part is that you will not have to pay for the repair bills. Instead, the invoice will be forwarded to Shriram General Insurance to evaluate and settle. You will only have to pay the mandatory deductible and you are ready to take your bike home. With over 2,000 network garages, you can conveniently file for a cashless claim settlement. 

• Affordable Premium

While you want the most comprehensive insurance coverage, you also want to make sure your bike insurance is affordable. The age of your bike, IDV, location, extra coverage, and other factors will all influence your bike insurance premium. Calculate your premium expenses before purchasing bike insurance. At Shriram General Insurance, you can purchase your bike insurance policy at an affordable price. 

• Simple Renewal And Claim Process

When you purchase your bike insurance, you need to look for a simple claim and renewal process so that you can manage your policy easily. At Shriram General Insurance, you can claim and renew your bike insurance policy online from their official website within minutes. The firm offers a customer care team that is available 24 hours a day, 7 days a week to help clients with any difficulties or complaints they may have.

Take Away

It is possible to acquire bike insurance online, which saves time. Buying bike insurance online is the ideal alternative if you're often strapped for time. Before obtaining a bike insurance policy, make sure you read the policy terms and conditions and consider the following considerations to ensure you get the coverage that suits your needs and allows you to ride safely.

Also Read:

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.