Reliance Car Insurance

"Reliance car insurance plan is an excellent motor insurance plan that keeps your car protected financially at all times. It is one of the best motor insurance products offered by Reliance General Insurance Company Limited. With more than 139 offices and 28,900+ intermediaries across India, the insurer is one of the leading neo-insurance companies across the country. The different types of Reliance car insurance plans are car own damage policy, motor floater insurance, third party liability insurance, commercial car insurance and taxi insurance and long term car insurance. The company has a successful claim settlement ratio of 94% for FY 2018-19. "

• Roadside Assistance – With anywhere Assist app you get free 24/7 roadside assistance
• Cashless Garage Network - 3800+ cashless garages across India
• Special Add-on covers - NCB Protection, Personal Accident Bundle, etc.
• Discounts offers – Up to 60% car insurance discounts

Reliance Private Car Insurance Policy can be tailor-made to insure any private vehicle. Reliance Motor Insurance policy covers Own Damage car insurance and also, Third-party liability insurance, which helps car owners at the time when needed – in case of any accident or mishaps.

Types of coverage

Own Damage: This policy cover any damage or loss to the owner’s car due to any of the following things:

• Accident Fire
• Lightening
• Self-Ignition
• Explosion
• Theft, Riots & Strikes and / or Malicious Acts and Terrorism
• Earthquake, Flood Cyclone
• Inundation Transit by Rail, Road, Air & Elevator

Third Party or Liability: This policy is mandatory by the Motor Vehicle Act 1988, it is provided by Reliance Private Car Insurance Policy which covers any injuries or property damages to the third party.

Personal Accident Cover: The Owner-Driver personal accident cover of Sum Insured Rs. 2 lakhs in case of permanent total disability or an accidental death is covered with a premium of Rs.100

Optional Covers:

• Passenger Personal Accident cover: Passenger Personal Accident cover can be availed with 100 Rs/person for a Sum Insured of Rs.2,00,000 for each of the occupants.
• Legal liability for Paid driver: Liability cover with a premium of 50 Rs/annually for the paid-driver

Add-on cover includes NCB Retention, Personal Accident Bundle, Nil Depreciation, Consumables, Engine Cover and Key Protect Cover.

NCB Retention

No Claim Bonus is a discount on the premium rewarded to the owner of the insured vehicle if the owner does not claim during a policy period. For instance, if you do not claim in the first year, you get 20% off on the premium of the second year. This discount is cumulative and keeps on increasing with claim free years.

But if you lodge a claim, this discount drops to zero and you do not get No Claim Bonus (NCB) discount on the premium for the next year, until you complete a claim free year. To retain this drop of NCB to zero, you can buy this add-on cover which ensures your NCB is retained and does not drop to zero, even after a claim. You can add this as an add-on cover offered by Reliance car Insurance if you insured your private vehicle with Private Car Insurance policy.

Specific Conditions:

• For any private vehicle age of 2 years old or above.
• Your NCB should be at least 25% i.e. at least 2 claim free years to retain your NCB with NCB Retention.
• Only one approved claim is made during policy period.
• Policy must be renewed with Reliance General Insurance, within 90 days of expiry of policy, as it the grace period to retain NCB.

Personal Accident Bundle Cover

This is an additional add-on cover by Reliance General Car Insurance that provides you an automobile insurance cover against accidents anywhere in the world regardless of who is driving the car. Under this cover, you are insured against Accidental Death and Permanent Total Disablement. Further details are shown in table below:

There are two Different Plans

• Motor Secure Plus Cover: It has three (3) add-on covers – Nil Depreciation, Consumables Cover, and Engine Cover.
• Motor Secure Premium Cover: It has an four (4) add-on covers – Nil Depreciation, Consumables, Engine Cover, and Key Protect Cover.

Nil Depreciation Cover

To combat the depreciating value this add-on cover comes handy at the time of claim. With Nil Depreciation Cover on your side, the cost of depreciable car parts such as metal and plastic parts, rubber, nylon, wooden, fiber, etc. are at bay.

Note:

• This cover is for private cars
• Maximum two claims during a policy period is allowed
• In case of partial loss, the repair must be settle only at an authorized garage
• This cover covers on cost of depreciable car parts, compulsory deductibles are applicable

Consumables Cover

Consumables such as nuts and bolts, screws, grease, lubricants, AC gas, engine oil, oil filter, fuel filter, brake oil, etc. cost ample of money at the time of claim. With this cover the expenses on such consumables in case of any damage or loss due to any perils as covered under policy wordings are covered for the insured vehicles.

Note:

• This cover is for private cars.
• Maximum two claims during a policy period is allowed
• In case of partial loss, the repair must be settle only at an authorized garage
• This cover covers on cost of depreciable car parts, compulsory deductibles are applicable

Engine Cover

Engine is a very crucial and costly part of any car. Any damage to the part of Engine or Gear Box can dig a hole in your pocket. But with Reliance Engine add-on cover the expenses incurred in repairing and fixing any damage done to the engine by water ingression, leakage of lubricating oil is covered.

It covers:

• Engine Parts
• Differential Parts
• Gear Box Parts

Note: The coverage is available only for the claims intimated within 7 days of the loss or damage.

Key Protect Cover – Private Cars

This add-on cover comes with huge benefits, especially, when it comes to repairing or replacing the car keys, locks, lockset, and additionally, the locksmith's charges. The claim can be made in case of theft, burglary, or loss and/or damage to the keys, lock, and lockset due to the natural or man-made perils as mentioned in policy wordings with a maximum of two claims in a policy period.

Note:

• The coverage will be available only for a maximum of two claims during your motor insurance policy period.
• A First Information Report (FIR) is compulsory in case of theft or burglary at the time of claim.
• The replacement of keys, lock and/ or complete lockset should be same type and kind as of lost or damaged one.
• The claim is only accepted if it is reported within the 7 days of the event causing loss or damage.

Reliance Car General Insurance offers many attractive discounts that the policyholder can avail.

No-Claim Bonus: The no-claim bonus is a discount offered on the next year’s premium. If you make no claims throughout the year, you are benefit 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.

Voluntary deductible: This discount is offered if you decide to pay the minimum amount of money at the time of claim. If you decide to pay Rs. 500 at the time of claim, you get 5% off on the Own Damage (OD) premium or maximum Rs. 50. If you don’t make any claims you still get discount and neither the minimum amount you agreed to pay at time of claim.

Voluntary Deductible Discounts in RS

• 5% on the OD premium of the vehicle, subject to a maximum of Rs 50/- 500 RS
• 10% on the OD premium of the vehicle, subject to a maximum of Rs 75/- 750 RS
• 15% on the OD premium of the vehicle, subject to a maximum of Rs 125/- 1000 RS
• 20% on the OD premium of the vehicle, subject to a maximum of Rs 200/- 150 RS

Other Discounts: Reliance General Insurance offers other discounts provided you

• a. Are a member of any recognized automobile association
• b. Install an anti-theft device in your car
• c. No-Claim Bonus Retention

• Any wear-and-tear of the car due to aging
• Any mechanical and electrical breakdown
• Private cars used for remuneration purpose is not covered
• Driving without a valid driving license
• Loss or damage caused while driving under the influence of alcohol or any other intoxicating substance
• Loss or damage due to depreciation of the car's value
• Loss or damage due to war or nuclear risks
• Consequential loss - if the original damage causes subsequent damage / loss, only the original damage will be covered under our motor car insurance.
• Compulsory deductibles - a fixed amount that gets deducted at the time of the claim.

Required steps and supporting documents:

a. In case of Car Accident Claims

• Immediately contact Reliance Motor Insurance on their toll-free number 1800 3009
• Lodge a claim with duly signed Claim Form
• Copy of Driving License, RC book, Policy document
• FIR, if required (Kindly note down, contact details of people and vehicle number involved in accident)
• Original Repair Estimate Bill
• In case of cashless service, only Invoice receipt
• In case of reimbursement provide estimate bill, original invoice and payment receipt

b. In case of Car Theft Claims

• Immediately contact Reliance Motor Insurance on their toll-free number 1800 3009
• Lodge the claim with duly signed claim form
• Original keys with Copy of Driving License, RC book, Policy document
• Police FIR copy
• Duly signed Form 28, 29, 30 and Form 35.
• Final confirmation with “No Trace Report” of the insured vehicle from the police

c. In case of Third Party Claims

• Immediately contact Reliance Motor Insurance on their toll-free number 1800 3009
• Lodge the claim with duly signed claim form
• Police FIR copy
• Copy of Driving License, Policy and vehicle’s RC book

Step-wise guide to claim:

With exceptional customer service paired with 3800+ 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 car insurance coverage that provides comprehensive coverage, Reliance General Car Insurance should be in your top 3 list.