Reliance Bike Insurance Claim

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Reliance Two Wheeler Insurance Highlights

Reliance (Two Wheeler Insurance)
Reliance General Insurance is one of the leading general insurance companies of India, incorporated in the year 2000. The company has over 139 offices and more than 28,900+ intermediaries across India.
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Claim Settlement Ratio
97
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Video Claim
Available
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16L+ Claims settles instantly - Trusted by over 3Cr people - 0.01% lowest complaint ratio
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close - 16L+ Claims settles instantly - Trusted by over 3Cr people - 0.01% lowest complaint ratio

Reliance General Insurance forges as the leading contender in the insurance business. It tackles a customer's basic problems while opting for insurance for their precious asset. Apart from that, the glossed features that enhance the process of buying insurance, settling claims, and renewing expired or lapsed insurance policies are much sought after by the clients. 

Settlement of claims is the peak activity by any insurance company for their trusting clients. The laid down policies of any company help navigate through the climax but the apparent event helps to ensure and build the faith in the insurer-insured relationship. Reliance's dedicated team of executives is always within the peripheral bounds of the client's needs. 

Reliance bike insurance has kept its customers happy with their quality service. With handing out the best possible rates for bike premiums to its safe and digitally-enabled claim assistance, the Reliance two-wheeler insurance has been outdoing themselves with each facility. Reliance bike insurance claim settlement is also entrusted with their overwhelming presence around the places for its clients – it spans over a wide network of garages and numerous branches, providing seamless engagement 24/7.

List of Documents Required During Claim Settlement 

The documents for settlements of different incidents vary with their official needs. However, a few basic documents are needed to be produced in all the settlement activities. 

  • Duly filled and signed claim settlement form
  • The bike insurance policy document and its copy
  • Registration Certificate/ Book and its copy and tax payment receipt
  • Original and copy of the owner's driving licence
  • Copy of FIR
  • Original bills and receipts from garage

Further goes the specific documents for each anew case for Reliance two-wheeler insurance claim settlement.

Reliance Bike Insurance Claim Settlement for Accidental Damages 

  • Claim settlement form
  • Policy document
  • Copy of DL and RC
  • Documented FIR or Police' Panchanama'
  • Bills and receipts of the repairs underwent for the two-wheeler, with an estimated total cost from the repairer.
  • A document representing claims discharge cum satisfaction voucher that is drafted with a revenue stamp. 

Reliance Bike Insurance Claim Settlement for Theft Cases 

  • Claim settlement form
  • Policy document
  • Copy of DL and RC
  • Copy of FIR
  • No Trace Report
  • Bike keys 
  • An acknowledged copy of a letter to the RTO, requesting to tag the vehicle as 'Non-use'. 

How to Make a Reliance Bike Insurance Claim Online?

It is absolutely easy and quick to register your bike insurance claim online with Reliance General Insurance.

  1. Registering the claim by visiting the official website of Reliance General Insurance. Under the 'Self Help' option, the category of 'intimation' would help lead the way to file a claim. One may also opt to call on the toll-free number 1800 3009.  
  2. Provide the required information to authenticate the details of the bike, such as the policy number, registration number, make, model, etc. 
  3. Fill out the claim form for settlement and upload the stated documents. 
  4. Track the claim as to and when required on the official website. 

How to Make Reliance Cashless Bike Insurance Claim?

Reliance readily assists the policyholders with the best of their services if they aim to issue a cashless claim. The client only has to get the two-wheeler to a Reliance-authorized garage. The Reliance bike insurance claim executives would manage the bills with garage officials. Kindly follow these steps to claim the amount:

  • Contact Reliance General Insurance Company and inform them about the accident.
  • A designated surveyor will lead a thorough inspection of the damaged vehicle.
  • The policyholder must submit all the required documents to complete the verification process.
  • Once Reliance approves the claim, the network garage will be paid by the insurer for the repairs. 

How to Make Reliance Reimbursement Bike Insurance Claim?

The only thing that makes this claim process different from the former is that the repair works for the insured bike occur in a non-network garage (not authorized by Reliance). Kindly follow these steps to claim the amount:

  • Contact Reliance General Insurance Company and inform them about the accident.
  • A designated surveyor will lead a thorough inspection of the damaged vehicle.
  • The policyholder must submit all the required documents to complete the verification process.
  • The policyholder needs to clear off all the expenses at the garage and keep records of the bills and receipts of the service acquired. 
  • The reimbursement claim shall be filed by submitting those documents and receipts in original to Reliance General Insurance. The company will verify the bill before settling the claim. 

Common Reliance Bike Insurance Claim Rejection Reasons

A submitted insurance claim may be rejected on several grounds. The insured must check and beware of the mistakes that are made often by fellow policyholders – 

  • A claim submitted based on fraudulent intentions. 
  • Misrepresenting the claim amount. 
  • Communicating the wrong facts of the incident which leads to claim settlement. 
  • Malfunctioned bike parts not previously brought to notice to the insurer. 
  • Driving under the influence of intoxication or without a legal licence or policy. 
  • Delay in reporting the incident to the company. 

Reliance No Claim Bonus 

The no-claim bonus is a regularised incentive by the insurance companies to value the client's safe driving and responsible ownership of the insured asset. A no-claim bonus is a reward given to an insured based on his claim-free behaviour that allows him further to get a discount on the premium while renewing the insurance. A policyholder can avail a maximum of 50% discount if they go without registering a claim for the insured two-wheeler for 5 consecutive years. This appendage also encourages the insured to not file for claims with minor inconveniences and be straightened up while riding their bikes. 

Reliance Bike Insurance Claim FAQs

  • 1. What is the Reliance claim settlement ratio?

    The claim settlement ratio weighs the totality of claims fulfilled by the insurance company to the number of claims received by the company. Subject to the available data, the Reliance settlement claim ratio had rounded to be 84.26% for the financial year 2020. 

  • 2. Can an insured claim no-claim bonus's benefit if they exceed the policy expiration date?

    Post the expiration date of the insurance coverage period; the policyholder gets a total of 90 grace days. The insured shall try to renew the policy within this period to claim their no-claim bonus advantages rightly. 

  • 3. How does Reliance inspect the bikes for fulfilling a claim settlement?

    A survey of the two-wheeler takes place after registration of the claim to comprehend the extent of losses the vehicle has sustained. It is then sent to any network garage for repair. If the claim amount exceeds INR 20,000, a re-inspection takes place for the two-wheeler. 

  • 4. When shall an insured file an FIR?

    An FIR should be drafted at the nearest police station whenever a theft or an accident (with indicative reasons) takes place. According to the Reliance General Insurance, the involvement of the third party or vehicle theft would call for a filing of the FIR. 

  • 5. Is Reliance no claim bonus transferable?

    The benefits of a no-claim bonus are very much transferable. If a client opts for a different company for a new insurance policy or just renews the existing one, their accumulated no-claim bonus would get adjusted to the next granted insurance coverage. 

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