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Posted on 2025-07-17 05:20:50
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Be Prepared for Uncertainties with
Shriram Personal Accident Insurance
24*7 Claim Notifications
100% Paperless
Best Claim settlement Awards 2022
- Overview
- Features And Benefits
- Calculate Premium
- Types of Personal Accident Insuance
- Coverages
- Compare Plan
- Premium Components
- Eligibility and Required Documents
- Buy / Renew
- Claim Process
- Terminologies
- Policy Download
- FAQs
Understanding Premium Components for Personal Accident Insurance
The amount paid to an insurer when buying a policy is called a premium. The premium for Shriram Personal Accident Insurance is calculated based on several components, such as the sum insured, policy term, type of policy, age, occupation and annual income of the insured
Sum Insured
Sum insured refers to the maximum amount payable in case of accidental death or permanent disability
Occupation
Depending on their occupation risk, insureds are classified into several categories. Likewise, the occupation of the insured is one of the premium-determining factors for personal accident insurance
Annual Income
An insured’s annual income is generally used to calculate the sum insured for personal accident insurance
Add-ons
An insured’s annual income is generally used to calculate the sum insured for personal accident insurance
Age
When calculating the premium for personal accident insurance, the age of the insured is also taken into consideration
Type of Policy
One of the components of personal accident premiums includes the plan and coverages selected by the insured
Policy Term
Premiums will increase with a longer policy term. As the coverage period extends, the premium also increases
Frequently Asked Questions
What are the benefits of Shriram Personal Accident Insurance online?
- Provides extensive worldwide claim coverage
- Emergency financial assistance at the time of unfortunate events
- Flexible policy plans and add-on covers
- Ambulance expenses and death claim benefits are covered
- Easy and hassle-free claim settlement process
- 24*7 round-the-clock customer assistance
Mention the premium components of the Shriram Personal Accident Insurance?
The premium for Shriram Personal Accident Insurance is calculated based on several components, such as the sum insured, policy term, type of policy, age, occupation and annual income of the insured
Does the occupation of an individual is considered for premium calculation?
Yes. The occupation of the insured is one of the premium-determining factors for personal accident insurance. Depending on their occupation risk, insureds are classified into several categories
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