Reliance Two Wheeler Insurance - Compare,Buy or Renew Policies Online 

Riding a two-wheeler without a valid insurance can attract a fine of Rs.1,000 or imprisonment for a period of 3 months, or both. Given the expenses involved, it is better off to have a valid motor vehicle insurance at all times. Reliance General Insurance offers solutions in such cases, with its bike insurance enabling one to ride the bike without worrying about fines and penalties.

Features And Benefits of Reliance Two-Wheeler Insurance

Reasons To Choose Reliance Two Wheeler Insurance

Purchasing a two-wheeler insurance from Reliance General not only offsets the need for insurance, but also provides a few added benefits.

• Instantaneous – It is possible to get insurance for your 2 wheeler instantaneously, with Reliance aiming to expedite the whole process.
• Minimal paperwork – The entire process is completed with minimal paperwork, helping one save time and effort.
• Discounts – Purchasing a bike insurance from Reliance General Insurance can help one save as much as 40% on the premium amount.
• Cashless network – One can get the bike fixed/repaired at over 150 cashless network garages.
• No inspection* – It is possible to renew a lapsed insurance policy without any inspection.
• Exhaustive cover – The two wheeler insurance from Reliance provides cover against a range of events.
• No Claim Bonus (NCB) – The policy earns a NCB for each claim-free year.
• Additional cover – One can opt for add-ons which provide additional protection.
• Affordable – It is possible to avail cover for as little as Rs.3 per day.

*Subject to certain terms and conditions.

 

Bike Insurance Plans Offered By Reliance

Reliance offers insurance plans which meet different requirements. While the Third-party Liability Plan meets the basic government regulations, the Reliance Bike Insurance Plan offers added protection.

• Third-party Liability – This is the base plan offered by Reliance General Insurance. It provides protection in case of any damage to a third party. It is designed to protect the interests of the owner if the insured vehicle is involved with any accident with another vehicle.
• Reliance Bike Insurance Plan – This is a comprehensive plan which can be availed at affordable prices. It is designed to provide protection to the rider/owner of the bike in case of any incident.

Coverage Provided By Reliance Two Wheeler Insurance

A bike insurance plan from Reliance provides protection in a number of situations.

• Accidents – Any damage to the bike in case of an accident. If the personal accident bundle add-on is chosen, cover is provided to the rider as well. This pays an amount if the rider meets with an accident which results in death/total disability. Additionally, if there is loss of limbs or eyesight, a compensation amount will be paid.
• Third-party cover – This provides a cover if there is damage to a third-party. This pays out a compensation if there is an injury to the third party.
• Natural calamities – Any damage to the bike due to natural calamities like floods, lighting, cyclones, earthquakes, etc.
• Transit – Any damage to the bike while it is in transit via road, air, rail, or elevator.
• Riots – Any damage caused to the bike during riots/strikes.
• Fire – If the bike suffers any damage due to fire/explosion.

Exclusions Under Reliance Bike Insurance

Not all instances are covered when one purchases a bike insurance policy. This is done primarily to avoid misuse of the policy, with the basic exemptions highlighted here.

• Generic wear and tear – Wear and tear due to regular use of the bike is not covered by the policy.
• Unintended use – Using the vehicle for a purpose other than what is mentioned. Any damage caused is such cases will not be covered. Such purposes include using the bike for commercial activities, to participate in races, perform stunts, etc.
• Intoxicated use – Any damage which occurs when a driver who is intoxicated/under the influence of alcohol uses the bike.
• Invalid license – No protection will be accorded if the bike meets with an accident when an individual without a valid license uses it.
• Breakdown – Any breakdown which is a result of electrical or mechanical failure.
• Consequential loss – Any loss which is a result of the bike being involved in an accident will not be covered.

Eligibility To Buy The Reliance Two Wheeler Insurance Online

Purchasing a two wheeler insurance from Reliance is simple and quick, provided that one satisfies a few basic requirements.

• License – The individual buying the policy should be legally permitted to ride the bike, and as such the license could be asked for.
• Registration – The bike should be registered at any Regional Transport Office (RTO). Unregistered bikes will not be given an insurance.
• Unmodified – The bike in question should not be modified to enhance performance. It should be a standard factory vehicle. Modifications are permitted only in case of specially-abled riders.
• Running condition – The bike should be in running condition. A fitness certificate might be required in case of old vehicles.
• Physical inspection - A physical inspection of the bike could be required in case of lapsed policies.

Steps To Buy The Reliance Two Wheeler Insurance Online

Buying an insurance policy for a two-wheeler from Reliance is extremely simple, with it possible to purchase it in a matter of minutes.

• Log onto the official website of Reliance General Insurance and navigate to the “Two-Wheeler Insurance Policy” section.
• Provide details of the bike (registration number).
• Provide your personal details, including the email id and mobile number.
• An online calculator will estimate the premium amount.
• If satisfied with the amount one can register using their login credentials. In case of new users they would have to create a new login id.
• Provide the chassis number/engine number of the bike.
• The policy will be active once the premium amount is paid.

How To Make A Reliance Bike Insurance Claim?

In case of any incident where the vehicle is damaged/rider is injured, it is imperative to initiate the claims process. This can be done by keeping a few simple steps in mind.

• The insurer should be intimated immediately. One can contact company officials on their toll free number and provide details about the incident.
• Alternately, one can also register a claim online. They will be expected to fill up the form on the website.
• Information regarding the vehicle should be provided. In addition to this, personal information should be given.
• The bike can be taken to any of the network garages.
• The claim form should be supported by relevant documents. These include the original policy paper, a copy of the vehicle registration and driving license, the police FIR (where applicable), bills, etc.
• Reliance General will go through the claim form and settle it based on the cover available.

Note: The insurer will settle the bill with the garage if one opts for the cashless facility. In case one doesn’t opt for it, he/she will be expected to pay the amount, with the insurer reimbursing them for the same.

Renew A Reliance Two Wheeler Insurance Online In Simple Steps

A policy which has lapsed can be renewed online. The entire process is simple and efficient, with it taking a few minutes to complete all formalities.

• Log onto the official website of Reliance General Insurance and navigate to the “Two-Wheeler Insurance Policy” section.
• Provide details of the bike (registration number).
• Provide your personal details, including the email id and mobile number.
• An online calculator will estimate the premium amount.
• If satisfied with the amount one can register using their login credentials. In case of new users they would have to create a new login id.
• The policy will be active once the premium amount is paid.

Why Deductible Is Important In A Reliance Two Wheeler Insurance Plan?

Reliance General Insurance provides one an opportunity to reduce their premium amount. This can be done by choosing the voluntary deductible amount. This is the amount the individual pays in the event of a claim, with the insurer paying the remaining portion.

The higher the voluntary deductible lower the premium.

It is possible to save as much as 20% on the premium amount when one opts for a high deductible.

Note that the percentage discount on the premium is subject to an upper limit.

What To Do After The Expiry Of A Reliance Two Wheeler Insurance Plan?

In case the policy expires it is imperative to renew it ASAP. One should get in touch with the insurer, see whether the No Claim Bonus can be carried forward and pay the premium amount to renew the policy. Delays in renewing the policy could result in increased premiums and forfeiture of the NCB.

Reliance Two Wheeler Insurance Customer Care Service

Individuals who wish to connect with company representatives can do so by calling them on their toll free number – 1800 3009.

Reliance two-wheeler insurance Frequently Asked Questions:

1.What is consequential loss?

Consequential loss is any loss which an individual is exposed to on account of an incident with the insured vehicle. For example, a person could miss an important meeting as a result of an accident, with the meeting resulting in a financial loss to him/her. The insurance policy will cover the cost related to the accident, but will not reimburse any consequential loss.

2.Is it advisable to make a claim if the insured vehicle is involved in a minor accident?

If the accident is minor, involving minimal expenditure to fix the vehicle, it is not advisable to file a claim. This is primarily on account of the NCB. Making a claim will reduce the NCB, resulting in increased premiums in the future. This could be more than the actual cost of fixing the bike.

3.I am moving to a different city. Will this have an impact on my bike insurance?

a.Moving to a different city will not dilute the cover accorded by the policy. One would have to intimate Reliance General Insurance, updating their current address. Additionally, the premium rate could vary, depending on the city one is moving to. Metro cities have a higher premium rate compared to other cities.

4.Does the make and model of a bike impact the premium amount?

a.Yes, the make and model of a bike are taken into account while computing the premium amount. Bikes with a higher engine capacity (superbikes, tourers, etc.) will attract a higher premium compared to others.

5.What is the cover provided by the Personal Accident Bundle Cover?

The Personal Accident Bundle Cover provides a cover of Rs.5 lakh. This can be availed in case of an accident which results in death/permanent total disability. The cover will be paid if there is a loss of eyesight/loss of limbs as well.

6.What is the Insured Declared Value of a two-wheeler?

The Insured Declared Value (IDV) of a vehicle is the maximum amount of money that your insurance provider will pay you in case the vehicle was stolen or in case of a constructive total loss. The IDV is determined by adjusting the selling price of the two-wheeler with depreciation.

7.When do insurance companies offer a No Claim Bonus to policyholders?

The No Claim Bonus is offered by insurance companies to policyholders who don’t raise claims during the policy term. If you receive a No Claim Bonus from your insurer, you can avail a discount on your premium the following policy year.

8.Can I transfer the No Claim Bonus from one insurer to another?

Yes, you can transfer the No Claim Bonus if you are changing your insurance provider.

9.Is it a good idea to opt for a voluntary deductible to reduce the premium payable?

Opting for a voluntary deductible will reduce your premium payable. However, it is only a good idea to opt for a voluntary deductible if you have sufficient funds to pay for the expenses that will not be borne by your insurance provider.

10.I forgot to renew my two-wheeler insurance policy before the due date. Will I lose my accrued No Claim Bonus?

If you renew your two-wheeler insurance policy within 90 days from when the policy expired, you will not lose the No Claim Bonus. However, if you wait longer than 90 days to renew your two-wheeler insurance policy, the accrued No Claim Bonus will be lost.