Shriram General Insurance Company Limited had humble beginnings as a chit fund company. Since those times its vision was to create value for grass-root level customers. Its General Insurance policies focus on three main areas i.e. loss assessment, insurance broking and risk management.
Anticipating a huge demand in the General Insurance industry, the Shriram Group created its General insurance arm named Shriram General Insurance.
Similar to the other joint ventures, it collaborated with Sanlam, one of the largest South African general insurance giants for technical expertise.
This general insurance company is unique as it specifically caters to the “common man’s” non-life insurance needs, be it a wedding or insuring a sweet shop.
It has been in business for three decades now, successfully beating its competition.
Its core value is to serve the under-served or creating value for the ones who are less fortunate but most deserving.
It is the first company to make profits in its first year of operation.
The company has won “Excellence in Growth” awards for 2011 and 2012 consecutively.
Hence, inching closer to its target of being the most favored General Insurance Company in India.
In 2015, it gained the ISO 27001:2005 certification for management of information security in accounting and back office operations with all associated support functions.
The company believes in catering to middle and low income groups with cost-effective policies that provide better cover.
Shriram General Insurance Company Limited branches summed up to one hundred and fifty three in the third quarter of 2016. The company believe in efficiency and transparency.
One can avail a Shriram General Insurance claim form for any of their product offerings and check the Shriram General Insurance claim status anytime they wish.
As per the company records for the third quarter of December 2016, the company had a incurred claim ratio of sixty four percent.
Car Insurance Policy
This insurance policy gives a blanket coverage encompassing mandatory third party liability but even against damages occurring from all kinds of perils like cyclones, accidents, malicious acts, etc.
Enhanced protections can also be availed through exclusive add-on covers.
Two Wheeler Insurance Policy
This policy covers financial losses occurrence when one gets a vehicle repaired or is replaced due to theft or damage. The policy also safeguards individuals against mandatory third party liability.
One can also avail extra protection covers through the nil depreciation add-on facility.
Shriram General Insurance motor policy facilitates direct settlements at authorized garages. Stress-free claim settlement process. Customized add on covers for individual needs.
Shriram General Insurance policies for business has a wide range of twelve different types of insurance policies for selection.
The company’s business insurance accommodates many liabilities that a company can face during its existence like natural perils, theft, employee infidelity, etc.
In the current times, owning a house also comes attached with risks. Even if it is not as affluent as others homes but it is a piece of heaven for the owner. Hence it is important to safeguard property and all valuables that are embedded in it.
Apart from the general cover, it insures the insurer from loss of cash after burglary.
The company offers three different insur ance plans for selection based the traveler’s needs.
The company has also tied up with the Indian national railway network IRCTC to provide passengers with the ease of availing hassle-free insurance while on the go. The IRCTC insurance status can be availed by adding any one of the crucial information needed to pull up the form like transaction ID, PNR number, or policy number.
Other policies from the Shriram General Insurance gamut are fire insurance, engineering insurance, marine insurance, and many more. Some details of these policies are listed below.
In case if one faces any difficulty in arriving on a suitable policy there is a dedicated helpline and a support system that will solve individual queries. As mentioned earlier, let us look at some of the features of the policies offered under the other insurance policies section.
Contractor’s All Risk Insurance Policy
Personal Accident Insurance