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Can you imagine your life without your vehicle? It seems like time has stopped and you have become paralyzed without your own bike or car. How convenient life has become after the invention of the wheel and ultimately your dream vehicle, especially the bike. Your precious little two-wheeler has always been there for you. It takes you from one place to another, smoothly rides away even in the midst of heavy traffic and most of all, takes very little parking space. If your bike has been doing so much, don’t you think even you need to do something to safeguard your bike? In fact, it is more for you and your pocket’s sake, than for the bike itself.
Hence, Reliance General offers you coverage for your two-wheeler against all the unexpected incidence say robbery, accident, fire, etc. and gives you financial support during your tough time.
Say How Much- If you are all set to buy this plan, then you need to know that the money you have to insure for in order to avail the services depending on the current market value of your two-wheeler after deducting the depreciation amount. Below is the depreciation deduction table that will give you a brief idea of how to calculate sum insured value.
|Age of Two-Wheeler||Depreciation Percentage|
|Not More than 6 months||Nil|
|6 months to 1 year||5%|
|1 year to 2 years||10%|
|2 years to 3 years||15%|
|3 years to 4 years||25%|
|4 years to 5 years||35%|
|5 years to 10 years||40%|
|More than 10 years||50%|
Classification of Coverage in Broad- If you are thinking of buying this policy, then you must know what exactly it covers. You can choose from two plans-
1. Only Third Party- Your liability towards third person.
2. Comprehensive Plan- It is a ‘Complete Package Plan’ that covers three sections- Personal Accident, liability and vehicle damage coverage. All sections are explained below-
- Personal Accident- In this, if the insured meets with a road accident and gets injured badly or dies, then the insurance company provides compensation to him or his nominee.
|Total and Permanent Disablement or loss of both the limbs or eyes||100%|
|Loss of one limb or eyesight||50%|
Liabilities to Third Party - If because of you and your vehicle, the property of third party gets damaged or is lost or the person himself gets injured, then you are liable to pay the third party. However, if you own this policy, the insurance company will pay the liability on your behalf.
Loss or Damage to Insured Vehicle - The plan also offers to cover the damage caused to your vehicle because of-
Zoom it Away- If you are all set to buy this plan, you need not go anywhere or ask for anybody’s help. You can simply log in, choose two-wheeler insurance under motor insurance menu, click buy, fill the form, pay using any online method and the policy is yours to use. Hence, buying is convenient, plus it reminds you about the renewal, security payment, etc. on a regular basis.
Money Not a Problem- If your two-wheeler stops all of a sudden and you need to get it repaired but are short on cash, then need not worry. This policy offers you cashless service aka you can get your bike repaired without paying any cash in any of the networked garages.
|Age of Two-Wheeler|
|Not More than 6 months|
|6 months to 1 year|
|1 year to 2 years|
|2 years to 3 years|
|3 years to 4 years|
|4 years to 5 years|
|5 years to 10 years|
|More than 10 years|
"Reliance General’s Two-Wheeler Insurance is a plan that is economical, convenient and comprehensive.
It was designed with a motive to provide coverage that the insured was looking for."
This policy has its own highlights that make it so irresistible and worthy. Below are some of the highlights-