Reliance general Two Wheeler Insurance introduction
Reliance General Insurance company is a leading private sector General Insurance company in India started by Dhirubhai Ambani. Reliance General Insurance company offering different types of insurance products such as Motor insurance,Health insurance,Travel insurance etc..to its customers.
Reliance Company offers you Reliance General Two wheeler insurance to provide coverage for two wheelers like bike, scooter etc. This cover is wide and quite affordable. You can renew Reliance General motor insurance through on line at any time without going any where.
Reliance General Two Wheeler Insurance Review and Benefits
Different Features available in Reliance General Two wheeler insurance are
- You can book your Reliance General Motor Insurance policy through online.
- No documentation is involved.
- You can call at any time to 24*7 customer service.
- It has 159 authorized network garages across India for cashless claim settlement.
- It offers quick claim settlement without any problems.
- You can customize your policy with add-on covers offered by the company for better coverage.
- No Claim Bonus can be transferred to your new vehicle if you have not register any claim during the policy year.
- It reduces the premium to be paid by offering Voluntary deductible discount on the premium.
- It offers maximum of 2 claims per policy period.
Reliance General Two Wheeler Insurance Inclusions
Reliance General Two Wheeler Insurance covers the loss or damage caused due to
- Man made Calamities.
- Natural Calamities.
Man Made Calamities: Under this cover, the policy covers the damage/loss caused to your vehicle due to
- Burglary etc…
Natural Calamities: Under this cover, the policy covers the damage/loss caused to your vehicle due to
- Land slide/rock slide.
In transit coverage: It covers the loss or damage caused to your vehicle due to Transit by rail,road,Air and elevator.
Third party liability coverage: It covers the loss caused due to property damage of third party and provides liability to death or injury of third party.
Reliance General Two Wheeler Insurance Exclusions
Different damages that does not cover under the Reliance General Two wheeler Insurance are
- Normal wear and tear problems of the vehicle.
- Mechanical or Electrical Breakdown.
- Damage caused due to usage of vehicle other than its limitations.
- Damage caused to the vehicle due to driving under the influence of alcohol/drugs.
- Damage caused due to driving the vehicle without having a proper Driving license.
- Loss or damage caused due to depreciation of the vehicles value.
- It does not cover any consequential loss.
- Compulsory deductibles will get deducted at the time of claim.
- It does not cover the damage of tyres and tubes.
Rate of Depreciation in Reliance General Two Wheeler Insurance
For all rubber / nylon / plastic parts, tyre and tubes, batteries and air bags – 50%.
For fiberglass components – 30%.
For all parts made of glass – NIL.
Rate of depreciation for all other parts including wooden parts will be as per the following table:
|Age of Vehicle||Percentage of depreciation|
|Not exceeding 6 months||NIL|
|Between 6 months and 1 year||5%|
|Between 1 and 2 years||10%|
|Between 2 years and 3 years||15%|
|Between 3 and 4 years||25%|
|Between 4 years and 5 years||35%|
|Between 5 years and 10 years||40%|
|more than 10 years||50%|
Sum Insured Declared value(IDV):
The IDV of the vehicle is fixed based on manufacturers listed selling price of the brand and model of the vehicle. It is calculated as manufacturers selling price minus depreciation.
Depreciation for fixing the IDV of the vehicle in Reliance General Two wheeler Insurance
|Age of the Vehicle||% of depreciation for fixing IDV|
|Not exceeding 6 months||5%|
|Between 6 months and 1 year||10%|
|Between 1 year and 2 years||15%|
|Between 2 years and 3 years||30%|
|Between 3 years and 4 years||40%|
|Between 4 years and 5 years||50%|
Reliance General Two wheeler insurance Add-on covers
The different add-on covers available in Reliance General Two Wheeler Insurance are
- Nil Depreciation Cover
- Personal Accident Cover.
Nil Depreciation Cover: This additional cover provides you extra security and minimises your own expenses on the vehicle by paying extra premium.
Personal Accident cover: The United India Insurance Company pays the compensation for death or bodily injury of the driver/owner of the vehicle.
|Nature of Injury||Percentage of compensation||Capital Sum Insured|
|Death||100% of sum assured||500,000/-|
|Loss of two limbs,two eyes or one limb and one eye||100% of sum insured||500,000/-|
|loss of one limb or one eye||50% of sum insured||500,000/-|
|Permanent total disablement||100% of sum insured||500,000/-|
Reliance General Two wheeler Insurance Proposal Form
To buy Reliance General Two Wheeler Insurance you need to buy Proposal Form from the reliance General Insurance Company and has to be filled accurately. You can also buy a new Reliance General Two wheeler Insurance through online and can also renew your policy through online in reliance general two wheeler insurance.
Download Reliance General Two wheeler Insurance Proposal Form.
Reliance General Two Wheeler Insurance Claim Form
You need to Submit duly filled claim form to the Reliance General Insurance company along with the required documents during Reliance General Two wheeler Insurance Claim process.
Download Reliance General Two Wheeler Insurance Claim Form.
Reliance General Two Wheeler Insurance Premium Calculator
By using Reliance General Two Wheeler insurance premium calculator you can calculate minimum premium has to be paid to buy Reliance General Two Wheeler Insurance policy by giving below information.
- Cubic Capacity of the vehicle.
- Make and Model of the Vehicle.
- Age of the vehicle.
- Geographical zone.
- No Claim Bonus and,
- Other discounts offered by the company.
Reliance General Two Wheeler Insurance Customer Care Details
You can contact reliance General insurance company by its Toll Free number: 1800 3009 to clarify your doubts regarding products offered by the Reliance General insurance company.
You can also know about products offered by the company through its official website: www.reliancegeneral.co.in.
You can also mail to: firstname.lastname@example.org
Reliance General Insurance Company,
570 Rectifier House,
Next To Royal Industrial Estate,
Naigaon Cross Road, Wadala West,
Mumbai – 400031.
Reliance General Two Wheeler Insurance FAQ’s
1.What is Voluntary Deductible?
Ans: The minimum amount that you choose to pay as the claim amount. The higher the voluntary deductible,the lower is the premium. Thus provides discount on the premium.
The below table gives the discount offered under voluntary deductible
|Rs.500||5% on the OD premium of the vehicle, subjected to a maximum of Rs 50/-|
|Rs.750||10% on the OD premium of the vehicle, subjected to a maximum of Rs 75/-|
|Rs.1000||15% on the OD premium of the vehicle, subjected to a maximum of Rs 125/-|
|Rs.1500||20% on the OD premium of the vehicle, subjected to a maximum of Rs 200/-|
2.What is the discount available on No Claim Bonus?
Ans: The DIscount is accumulated on the yearly basis as mentioned below
|Number 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%|
3.What is Nil-Depreciation?
Ans: This is an additional cover offered by Reliance General Two Wheeler Insurance policy. It provides you extra security and minimizes your own expenses on the vehicle by paying extra premium.