Reliance third party bike insurance

Reliance Third Party Bike Insurance Overview

Third party liability policy is mandatory by law. All bike owners are required to own third party coverage on their bikes if they wish to drive the bike on Indian roads. Third party policies cover the financial liability that you face in the following conditions

Death of an individual due to the bike
Injury or wound suffered by an individual due to the bike
The loss to an individual’s property due to the bike

The liability that you face in any of these situations is paid by the third party liability coverage.

Reliance Claim Settlement Ratio

99%

Reliance

94.67%

Industry Average

Bike claim settlement ratio is the percentage of claims settled against the total claims received by the insurance company in a given fiscal year. Reliance has a claim settlement ratio of 99%, as compared to the industry average of 94.67%.

Reliance Premium Calculator

Use our Reliance bike insurance premium calculator to estimate Reliance bike insurance premium for your bike within 30 seconds

Get Quotes Without Bike Number

Add-ons Available Under Reliance Two Wheeler Insurance Plans

Add-ons are additional coverage benefits which can be chosen voluntarily by paying an additional premium. Add-ons help increase the scope of coverage of the bike insurance policy. Reliance two wheeler insurance plans offer the following types of add-ons with the comprehensive policy:

Since depreciation is not covered under two wheeler insurance plans, in case of a claim, the estimated depreciation is deducted from the costs incurred in repairing or replacing the damaged parts of the bike. As such, the claim amount is reduced considerably. The depreciation which is deducted from the different parts of the bike is as follows

Types of parts of the bike	Rate of depreciation applicable
Rubber, plastic or nylon parts	50%
Fibreglass parts	30%
Tyres and tubes	50%
Metal parts	As per the depreciation of the Insured Declared Value of the bike

The nil depreciation add-on removes the effect of depreciation from bike insurance claims. If you have chosen the add-on, the company would pay the full claim irrespective of the above-mentioned rates of depreciation.

Under this add-on cover, you get covered for accidental death and disablements suffered anywhere in the world. Moreover, the coverage would also be applicable to any individual driving the bike. This add-on cover is available for INR 5 lakhs which is payable in case of accidental death, disablement, loss of sight and loss of limbs.

Under this add-on, if your bike is at the networked garage for repairs for more than three days, you would get a daily cash allowance for your conveyance expenses. You can choose any amount of allowance up to a maximum of INR 5000/day.

If your bike is in repairs at a networked garage for more than 30 days, up to three loan EMIs would be paid by Reliance on the loan that you might have taken on your bike.

This add-on covers the loss or damage of the helmet in an accident. Under this add-on, the insurance company pays the cost incurred in replacing your lost helmet. You can avail coverage of up to INR 50,000 and also cover multiple helmets in a year.

How To Raise A Claim Under Reliance Third Party Bike Insurance

In order to get the settlement of your two wheeler insurance claims, you are required to follow a specific claim process. This process is as follows

Call Reliance’s toll-free number 1800 3009 to register your two wheeler insurance claim
You would be given the address of the nearest preferred garage where you should take your bike if you want a cashless settlement of your claim. If you take your bike to a non-networked garage, your claim would be settled on a reimbursement basis
At the garage, the surveyor makes an analysis of the damage and submits his report to the insurance company
The company, then, confirms the liability and the repairs start
Once the repairs are completed, the claim form and all relevant documents can be submitted to the insurance surveyor or the company and the company would pay the repair costs
Once the costs are paid, you can take delivery of your bike
In case of a third party or theft claim, inform the police immediately and file an FIR
Third party claims would be settled by Reliance based on the rulings of the motor accidents tribunal
In case of theft claims, if the police are unable to locate the bike, Reliance would pay the Insured Declared Value of the policy and the claim would be settled

Instead of taking these steps for claim settlements, you can also inform Turtlemint for the settlement of your Reliance two wheeler insurance claims. If you have bought the policy from Turtlemint, the company would help you in getting your claims settled. You would just have to inform Turtlemint at 1800 266 0101 or by writing a mail to claims@turtlemint.com and your claim would be registered. Thereafter, Turtlemint’s team of experts would follow the claim process and get you the delivery of your bike.

Documents Required For Claims

To get the claim settled under your Reliance two wheeler insurance policy, the following documents would have to be submitted

Claim form
Policy bond
Driver’s license
Registration Certificate book of the bike
PUC (Pollution Under Control) certificate
Police FIR for a third party or theft claims
Identity proo

Reliance Customer Care

Customer Care Number

7400 4222 00

Email ID

rgicl.services@relianceada.com

How To Buy Reliance Third Party Bike Insurance

You can buy Reliance 2 wheeler insurance plans online from the website of the company itself. Online purchases are hassle-free and require no elaborate documentation. You just have to provide the details of your bike to check the premium. Then, choose a suitable policy among the different plans offered by the company. Once you have selected the policy, fill up an online form and pay the premium to get the policy issued.

You can also buy Reliance two wheeler insurance policy from Turtlemint. Turtlemint offers you personalised assistance and hassle-free purchase process. To buy online through Turtlemint, you should take the following steps

Visit https://www.turtlemint.com/two-wheeler-insurance and provide the registration details of your bike
You would also have to enter other details of the bike like its model, variant, fuel type, registration date, manufacturing date, details of a previous policy if you have one, etc.
You can also provide your name and contact details so that an executive from Turtlemint can get in touch with you and help you with buying the policy
When you proceed, you would get the premium quotes of different bike insurance policies
You can then compare the coverage benefits and premiums of differing popular two wheeler insurance plans and choose the plan which is the best
To buy, you should fill up an online application form and pay the premium after which the policy would be issued