Buying bike insurance should be your top priority when bringing home your dream ride. You will need at least third-party insurance because it’s mandatory under the Motor Vehicles Act, 1988. A two-wheeler insurance policy protects you against the adverse effects of a road accident — own bike damage, third-party liabilities, legal expenses and so on. Choosing a suitable policy and insurer can be daunting and confusing. But if you are considering Reliance two-wheeler insurance, then a trusted name such as Reliance Group of Industries should evoke confidence in you. However, it has many features and benefits that will help you make up your mind.
All the Necessary Basic Features
Reliance comprehensive two-wheeler insurance policy assures you of financial protection through complete coverage against collisions, third-party damage, burglary, legal expenses, man-made and natural calamities, among others. The company also offers personal cover to avoid paying expensive hospital bills to treat injuries from the accident. The roadside assistance cover gives you a range of services, including swift repairs, towing, and replacing flat tyres on the go. As the cost of spare parts hits the roof, Reliance General Insurance’s comprehensive plan covers everything from small nuts and bolts to brake pads and gears.
Reliance's benefits go beyond the basic features that make it a more favourable choice.
Easy Claim Process
Bike insurance renewal at Reliance is a convenient process that requires just entering details such as the vehicle’s registration number online and getting a quote. The 24x7 telephonic support provides all customers with immediate claims, even on holidays. The Reliance bike insurance claim settlement process is as simple, fast and reliable as the application process.
Flexible Add-on Covers
With an array of Reliance bike insurance add-on covers, you can customise the policy as per your needs and include daily allowance benefits, EMI protection, nil depreciation and helmet cover, among others. These add-on covers are designed to provide all-around protection and double your policy coverage.
Reliance’s motor insurance policy enables the customer to avail of services at 8,200+ cashless garages. This makes it more convenient to take the vehicle for repairs at the nearest service centre, even in Tier 1 or 2 cities. The company ensures that you can have easy and quick cashless services via its massive network of garages across the country.
No Claim Bonus
A No-Claim Bonus (NCB) in bike insurance is a boon for policyholders as they get a bonus for every year they do not apply for a claim. Reliance offers 20% rate of NCB for the first year, 25% for two consecutive years, 35% for three consecutive years, 45% for four consecutive years, and 50% for five consecutive years.
If you opt to share the burden of claim with the bike insurance company, it will give you voluntary deductibles to lower the premium. The bike owner can choose a deductible between INR 500 to INR 1,500 and thus lower the premium by 5% to 20% respectively.
Reliance General Insurance is rather generous in offering various kinds of discounts. For first-time customers or existing ones of other insurance policies who want to buy two-wheeler insurance, the provider has customised plans with cool discounts, no matter what age group. Depending on the insurance, the policyholder can get a 20%-80% off on the premium, including discounts on NCB, voluntary discounts, and so on.
Another convenient feature of Reliance two wheeler insurance is that you needn’t get into exhaustive paperwork. The insurer’s paperless transaction policy allows you to buy or renew bike insurance online, minus any paperwork. All you need is an internet connection and a few minutes to spare, and you're all set!
Your Reliance two-wheeler insurance can make you future-ready quickly with long-term online plans that have a tenure going up to three years. This allows you to save up on the premium and renew the policy once every 36 months instead of once a year. No more hassle of repeated renewals.
No Inspection When You Renew a Policy
To make policy renewal a hassle-free task, Reliance has a no-inspection process on certain plans; that is, you can renew the policy online without scrutinising the vehicle. The process only takes a few clicks and you’ll be set.
Personal Accident Cover
Along with securing your bike, there’s also accidental death coverage available with this bike insurance add-on cover. It also includes covers for disablements, loss of limbs and sight suffered anywhere across the globe. Any individual riding the bike is eligible for this coverage
Some Other Benefits for Your Convenience
The list of benefits that Reliance two wheeler insurance provides is quite exhaustive. Some of these are:
- Free two-wheeler insurance premium calculator for an instant quote
- Easy video claims
- Claim Settlement Ratio (CSR) of 98% assuring you of getting your expenses covered
- First-party bike insurance and own damage cover
- Third-party liability damage cover
- Third-party property damage
- Permanent total disability cover
- 24x7 emergency assistance
- Digitally-enabled insurance procedures
- Unlimited claims requests
- Authentic and prestigious certifications
Hordes of Discounts
If you book a policy online, the bike insurance company also gives you a discount to make the deal sweeter. Reliance bike insurance is among the most affordable and economical options with different plans and customisation. There are many other circumstances under which you can get discounts — installing safety devices, membership at a popular automobile association, modifying the vehicle for the use of the disabled and so on.
While you and your bike get security, Reliance two wheeler insurance makes it economical, and convenient and gets your money’s worth with its features, from basic to special ones. It’s no wonder it’s considered one of the best bike insurance companies.
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