Reliance Car Insurance

Reliance Car Insurance Policy Policy

You certainly do not invest your money in a car, so that it gets damaged, ruined or stolen and to be knocked down by the financial burden to repair or replace it. Every inch of your car speaks volume of the hard work you put in to earn the money, to earn your dream. For others, it might just be an object, but for you it is a financial and emotional investment. How foolish it would be to spend lakhs and crores on a car, but nothing on ensuring its safety?

Thus, Reliance General brings you insurance for your car that was designed with a motive to provide you monetary aid, if due to some unforeseen and uncontrollable circumstances, your car gets ruined and you have to face the burden of repairing.

Benefits and Features

Basic Attributes

Sum Insured : In order to buy this plan, you need to insure certain amount. However, unlike other policies say health or life, the sum insured depends on the selling value of your car and you need to derive that selling value by deducting the depreciation amount from the actual market price of your car (your cost of the car). The deprecation amount depends on the number of years since you owned the vehicle and table given below will further, throw some light on how much amount is deducted.

Type of Insurance Available- There are two types of plan that you can buy.

Only Third Party

Comprehensive- It comprises liability to third party, personal accident and damage caused to your own car and all these sections are explained below.

The sections covered under this policy are-

Liability to Third Party- At times, unintentionally, your vehicle can cause loss or damaged to third person’s property or can injure the third person. If such situation arises, then you become liable to pay a third party, which under this policy will be paid by the insurance company.

Personal Accident- Accidents are so unpredictable and you can never have control over them. However, you can try to overcome the consequences. Hence, if you meet with an accident, then under this section, you or your nominee is given 100% compensation, in case of death (to the nominee), permanent and total disablement or loss of both the limbs and eyes and 50% compensation, in case of loss of one eye or limb.

Loss or Damage to Insured Vehicle- Under this section, the insurance company offers you coverage against the damage caused to your vehicle-

• During the transit of car via waterways, roadways, airways or railways
• Fire explosion or lightening
• Natural Calamities- hurricane, storm, hailstorm, rockslide, etc.
• Malicious act or accidental external means
• Strike, riots or terrorist activities
• Theft, robbery, housebreaking or burglary

Cashless Service in Networked Garages- If your car breaks down and you don’t have enough money, then simply take it to any networked garages (2300 garages) and get it repaired without paying as the insurance company will deal with the payment.

Stuck? Help is on Your Way- What if your car stops in the middle of nowhere? The situation sound panicky. However, there is always a way to fight difficult situation. Under this policy, you will be given 24x7 road assistance. The insurance company will provide you transport and will look after your car, its repairing or towing needs.

Online-Its Easy and Quick- Why go anywhere and ask anybody if you yourself can buy the plan easily and conveniently from the comfort of your home? You simply visit the official website, click the car insurance policy, fill the form and pay the money. This way, within seconds you can own the policy.

Expert View

“Reliance General’s Car Insurance is a plan that protects the insured from the expenses that he may have to endure because of the damage caused to a car, personal accident or the liability. It is a complete car protection package at a reasonable price.”

Why Reliance General Car Insurance?

Reliance Car Insurance has many key highlights that’s worth your time and money. Some of these points are mentioned below

• Enhance Your Plan with Add-On - If you think this plan needs to be better, then why not enhance it by paying a bit more and enjoy a lot more?
• Below is the list of some add-ons that you can buy -
• NCB Retention - If you need to retain your no-claim bonus even when you have claimed your policy before, then this is the right add-on for you. It is offered to only private car, 2 years or older and can be bought during the renewal period.
• Nil Depreciation - You usually get the coverage amount at the time of settlement after deduction of depreciation amount. However, this add-on makes your depreciation amount nil and hence, provides you more coverage.
• Personal Accident Bundle Cover - Under this add-on, the insured is offered compensation in case of death or injury caused by accident anywhere in the world. The amount insured is Rs. 10 lac.
• Engine Cover - This add-on covers the engine parts, gear-box, etc.
• Consumables Cover – Under this, the consumables of car, say bolts, clips, nuts, break oil, etc. are covered.
• Key Protect Cover - It offers coverage if the insured is required to repair or change the key or lock of the car.
• Discounts and Bonus - The list of bonus and discounts is given below-
• No Claim Bonus - Here, the insured is given bonus for the claim free period. It is also transferable. Hence, more consecutive years without a claim, more the bonuses given.
• Voluntary Deductible- If the insured voluntarily decide to pay some part of a claim, then he is offered this discount. More voluntary deductible means less premium payment.
• Anti Theft Device- If your car has anti-theft device installed, you are given discounts on premium.

Exclusions

It does not cover -

• Consequential loss
• Normal wear and tear of car
• Mechanical or electrical breakdown
• Damage caused in influence of alcohol and drug
• Compulsory deductibles