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Reliance General, one of the most trusted names in the insurance space, also features amongst the leaders in the two wheeler industry.
The company understands the hassles behind buying bike insurance and provides pocket-friendly insurance plans that suit the needs of a vehicle owner. With paperless real time renewals, long term policy tenures and attractive discounts, the company gains preference amongst two wheeler owners.
Reliance Private Bike Insurance Policy can be tailor-made for your two wheeler. This policy by Reliance Motor Insurance covers Own Damage bike insurance and also, Third-party liability insurance , which helps bike owners at the time when needed – in case of any accident or mishaps.
Under this cover, you are insured against Accidental Death and Permanent Total Disablement.
Further details are shown in table below:
|Coverage||Compensation Amount||Capital Sum Insured (Rs.)|
|In case of Death||100% of Capital Sum Insured (CSI)||5 Lakh|
|Permanent Total Disability or Death||100% of Capital Sum Insured (CSI)||5 Lakh|
|Loss or physical separation of two limbs and loss of sight for both eyes or loss of one limb and sight of one eye||100% of Capital Sum Insured (CSI)||5 Lakh|
|Loss or physical separation of one limb or loss of sight of one eye||50% of Capital Sum Insured (CSI)||5 lakh|
Reliance General Insurance offers attractive discounts to the two-wheeler policyholder.
If you make no claims throughout the year, you are benefitted with the huge discount on the next year’s premium.
If for the first year you made no claims you are offered with 20% discount on the second year premium and so on. It keeps on increasing. The following table will provide the details.
|No. Of Years||Discount|
|One claim-free year||20%|
|Two consecutive claim-free years||25%|
|Three consecutive claim-free years||35%|
|Four consecutive claim-free years||45%|
|Five consecutive claim-free years||50%|
Voluntary discounts: This discount is offered if you decide to pay the minimum amount of money at the time of claim.
|Voluntary Deductible (Rs.)||Discount|
|500||5% on the OD premium of the vehicle, subject to a maximum of Rs 50/-|
|750||10% on the OD premium of the vehicle, subject to a maximum of Rs 75/-|
|1000||15% on the OD premium of the vehicle, subject to a maximum of Rs 125/-|
|1500||20% on the OD premium of the vehicle, subject to a maximum of Rs 200/-|
Required steps and supporting documents:
a) In case of Accident
b) In case of Theft
c) In case of Third Party Claims
Step-wise guide to claim:
With exceptional customer service paired with 159+ network cashless garage and innovative products, Reliance General Insurance is definitely one of the top players in general insurance category. The Anywhere Assist app is a significant feature launched to tackle any emergency situations where finding help at hand can be quite awful. In all, if you are looking to buy bike insurance coverage that provides comprehensive coverage, Reliance General Insurance should be in your top 3 list.
The premium of your two wheeler will be calculated based on the model, age, location of registration, IDV, cubic capacity, extra covers opted by you and the type of your insurance policy.
Yes, even if you add new accessories in the middle of your policy tenure, you can get them insured. Just intimate the company about new accessories and their kind. You might need to pay extra premium to get certain type, for example: electrical, accessories insured.
Following things are not covered in the policy:
In case of an unfortunate incident like Accidental Death or Permanent Disability, Personal Accident Cover offers a Sum Assured. This option is NOT limited to the geographical location of the two wheeler. Also the cover is irrespective of the person riding it.
Yes, it is possible to transfer your No Claim Bonus(NCB) to a new vehicle that you own. One can avail for a NCB if the person does not make any claim on the two wheeler policy. This is counted in number of years.