Reliance Two Wheeler Insurance

Reliance Two-wheeler insurance by Reliance General Insurance Company Limited is a pioneer in the bike insurance sector. Being one of the leading companies in the general insurance business and offers several valuable add-on covers available with the bike insurance policy. Read on to understand everything about Reliance two-wheeler insurance policy.

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Reliance Bike Insurance – Key Features

Here are the key features of Reliance two-wheeler insurance policy:

Categories Key Features
Network Garages 8700+
Claim Settlement Ratio (CSR) 98.6% (as per the IRDA motor insurance annual report 2021-22)
Customer Assistance 24x7 available
Personal Accident (PA) Cover Up to Rs. 15 lakh

Things to Know About Reliance Bike Insurance Policy

Reliance General Insurance Company Limited is one of India's leading general insurance providers with a vast customer base of bike insurance customers. Currently, they have more than 8700+ cashless garages across the country.

Here are some key pointers about the Reliance two-wheeler insurance policy that you can't miss:

  • Third party bike insurance policy and package policy are the two types of bike insurance policies offered by the company.
  • The two-wheeler insurance plan is available for 1 year, and after the completion of this tenure, the plan has to be renewed.
  • The Reliance bike insurance plan depends on the Insured Declared Value of your vehicle.
  • Multiple add-on covers are available under the plan, offering enhanced coverage and customisation of the plan.
  • Get a Personal Accident (PA) cover of 15 lakh.
  • There is a facility for cashless claim settlement across preferred 8700+ network garages.
  • The company specialises in servicing claims and their settlement in the fastest possible time. The claim settlement process adopted by the company is hassle-free and simplified.
  • Reliance bike insurance renewal or buying process is seamless. Visit the company's website, choose the ‘motor insurance' tab under which the ‘two-wheeler insurance plan' is offered to customers and buy/renew bike insurance online.
  • The company provides a 24/7 customer assistance service to deal with claims raised by customers.
  • A No Claim Bonus is given to policyholders for every claim-free year. The bonuses accumulated for subsequent claim-free years can provide a discount of 50% for five consecutive years.
  • There is also a concept of voluntary deductibles, in which the policyholder can choose to lower the premiums payable. A deductible of Rs.500 to Rs.1500 can be selected, thereby reducing the premium by 5%-20% or by Rs.50 to Rs.200

Inclusions of Reliance Bike Insurance Policy

The plan covers the following damages incurred on the vehicle:

  • Accidental damages
  • Theft, burglary, and housebreaking
  • Fire damages, including fire explosions
  • Natural calamities
  • Third-party liabilities
  • Personal Accident (PA) cover

Exclusions of Reliance Bike Insurance Policy

The plan does not cover the following damages incurred on the vehicle

  • Normal wear & tear or ageing of the vehicle
  • Electrical or mechanical breakdown
  • Situations where the vehicle is used against its limitations
  • Any consequential loss
  • Loss or damage caused while driving the vehicle without having a valid driving license.
  • Any damage caused if the person is driving under the influence of alcohol.

Add-on Covers for Reliance Two-wheeler Insurance Policy

The plan offers add-on covers to enhance the policy coverage, explained below:

  • Consumables Expenses Cover: Consumables refer to things required to keep the bike running smoothly. These include brake fluids, chain lubricants, coolant, engine oil, nuts & bolts, etc. With this add-on cover, you will get coverage for the cost that is required to replace these consumables during an accident or other insured events. 
  • Return-to-Invoice Cover: This add-on cover provides the invoice cost of the insured two-wheeler if it is stolen or severely damaged and cannot be repaired.
  • Depreciation Allowance Cover: This cover, also known as bumper-to-bumper cover, helps receive the full amount without implying the depreciation effect during claim settlement for the repairs or replacement of the vehicle's part.
  • Emergency Medical Expenses Cover: This add-on cover becomes active if the insured or their pillion rider sustains any injuries in a road accident. The cover reimburses the medical expenses to the policyholder up to a specific limit, including the ambulance costs.

People also read 5 Add-on Covers for Bike Insurance You Shouldn't Miss

Reliance Two Wheeler Insurance Claim Settlement Process

A policyholder making a Reliance Bike Insurance Claim should follow the following steps to raise and settle the two-wheeler claim:

  • The claim has to be registered immediately by calling the company's toll-free helpline number when the claim arises.
  • The vehicle should be taken to any authorised garages for repairs, and the required documents must be submitted to the surveyor.
  • The company will then confirm the liability.
  • In the case of a Cashless facility, the company directly settles the bill with the garage through repairs done at authorised garages.
  • The policyholder will take care of the bills if repairs are not done at any authorised garage. Then the bill are submitted to the company along with the claim form to settle the claims.
  • At last, the insured two-wheeler is delivered to the policyholder.

Documents Required for Raising Reliance Bike Insurance Claims

The Reliance bike insurance claim process is quite simple and requires zero documents. However, there is some info needed for the insurance company from the customer to avail of a successful claim settlement process:

  • Registration Number
  • Engine Number
  • Chassis Number
  • Previous Policy Number, if applicable
  • Vehicle Manufacturing Date
  • Date and city of purchase
  • Contact details of the policyholder
  • Copy of the vehicle's RC Book

Buying/Renewing Reliance Two-Wheeler Insurance Online

Two-wheeler insurance/bike insurance plans offered by the company can be applied through multiple channels:

  • Individuals desirous of availing of any plan can call the company's assistance customer number and speak to the representative.
  • They can provide their name and mobile number on the company's website and request a callback.
  • Online bike insurance plans can be purchased for by visiting the company's official website. However, you can also visit the official website of Policybazaar Insurance Brokers Private Limited and compare multiple bike insurance online. Depending upon the need & budget choose one.
  • Lastly, customers may also visit the company's branches or contact an agent to buy the plans required.

People also read Reliance Third-party Bike Insurance Policy

Reliance Two Wheeler Insurance - FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 62 Reviews)

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Reliance Two Wheeler Insurance Reviews & Ratings

4.8 / 5 (Based on 62 Reviews)
(Showing Newest 10 reviews)
Nandini
Jodhpur, October 09, 2021
Complete support
Recently I have insured my newly bought bike which was gifted to me by my brother. I went to the policybazaar for a bike policy and an executive helped me through the whole process. He provided me complete support and assistance. I took Reliance General plan according to my budget.
Manya
Vijayawada, October 09, 2021
Attractive features
I have taken the same plan which my friend has bought for himself. one of my friends has recently insured his bike from Policybazaar and i really liked the features that were provided to him in reliance general plan so I have bought the same plan for my bike.
Lakshay
Coimbatore, October 09, 2021
Good service
I always renew my policy on time because of Policybazaar. I have been using Oriental Two Wheeler Insurance for four years and I always get policy renewal notification. If I ever forget about the renewal I get calls as a reminder of the renewal.
Kushagra
Jabalpur, October 09, 2021
Cooperative staff
Policybazaar has cooperative and friendly staff. I have bought reliance general two wheeler insurance from here and i found the whole process convenient. now i am looking for more plans as i am impressed with the facilities offered to me.
Jasraj
Gwalior, October 09, 2021
Hassle free experience
I do not need to take tension for unwanted expenses as i have purchased reliance general two wheeler Insurance from Policybazaar. buying a policy from Policybazaar is very hassle free and customer does not need to do much things as Policybazaar handles everything.
Siddhant
Kalyan Dombivli, August 18, 2021
Hassle Free Experience
Randomly i was checking the two wheeler policy on policy bazaar. i liked reliance two wheeler policy then i bought it.i contacted the policy bazaar and agent provided me all the information about the policy in detail.i had a hassle free experience with policy bazaar. company gives 100percent support to their clients from their end.
Anurag
Rajendra Nagar, June 04, 2021
Affordable and customized
Policybazaar helped me customize my bike insurance plan for a reasonable premium. After comparing benefits, I decided to go for Reliance general two wheeler insurance and also got an extra discount for buying online.
Subhash
Partapgarh, June 04, 2021
Flexibility
Purchasing Reliance general two wheeler insurance for my newly bought bike was the best decision. I bought it two years ago through policybazaar a day after I bought my bike. The company has helped me with roadside assistance many times since then.
Neeraj
Pune, June 04, 2021
Protection for bike
I bought a protective shield for me, my bike, and third party just in case I need it someday. I made an online purchase through policybazaar where I was able to compare different plans. I finally chose reliance general insurance cover.
Ajay
N.paravur, March 19, 2021
All kind of Info available
I wanted to purchase a two-wheeler insurance policy for my Royal Enfield which I bought recently. I was suggested by my friend to make the purchase online from policybazaar because they provide all kinds of information related to the policy on their website and I ended up buying the Reliance general two-wheeler insurance plan. Thanks team

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis