Reliance Bike Insurance
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Reliance Two Wheeler Insurance

Reliance General Insurance Company Limited was founded on 17th August 2000. The company has more than 28,900+ intermediaries to reach out to its customers. It focuses to protect its policyholders' interests by offering innovative products and services. The firm has become one of the masters in the insurance space and delights its clients with a variety of insurance products including motor, home, travel, marine, etc.

Reliance Two Wheeler Insurance provides protection to your two-wheeler through multiple discounts and wider coverage. Once your two-wheeler is insured, it will get financial protection from natural disasters, man-made disasters, accidental losses, thefts etc. It also offers an instant renewal process along with customized add-on covers to enhance the security at affordable premiums.

Highlights

Headquarters

Mumbai, India

Parent 

Reliance Capital

Number of Employees

2528

Number of Branches in India

139+

**Last Updated on 02-09-2020

How To Renew Reliance Two Wheeler Insurance Policy?

Renew With Reliance General Insurance

  • Visit the official website of Reliance General Insurance.
  • Click on the 'Two-wheeler Insurance' tab given at the top of the page and choose 'Renew Reliance Two-wheeler Insurance'.
  • You can renew either with your mobile number or policy number. Choose one as per your convenience and enter the required details.
  • Click on 'Go' and check the policy information.
  • Select add-ons if necessary and proceed to do the payment.
  • The policy will be renewed successfully and you will receive a premium receipt on your registered email id.

Renew With PolicyX.com

  • Go to the upper section of this page and submit the required information including two-wheeler make, variant, RTO code and registration year of the vehicle.
  • Fill in your contact information like name, city, mobile number and email id.
  • Tap on 'continue' and a list of different insurers will be displayed on the screen.
  • Choose Reliance Two Wheeler Insurance policy. Check the premium and policy details carefully. 
  • Complete the payment for the policy. A confirmation email will be sent in your registered email address for future reference.

Key Features & Benefits of Reliance Two Wheeler Insurance

5-minute Policy Issuance

Reliance General Insurance company issues policies online in less than 5 minutes once the premium payment is done.

4450+ Cashless garages

Reliance two-wheeler insurance gives you cashless repair services at any authorised network garage (which the company has tie-up with) spread across the country.

Zero Paperwork

The buying and renewal process of Reliance two-wheeler insurance has now become easy with no paperwork at all. You can purchase and renew your policy in a few minutes by providing the basic details and two wheeler policy number.

Flexible Coverage Options

The customers have the flexibility to choose the type of suitable coverage to secure their two-wheelers from unpredictable events. There are two options i.e. Third-party Liability Cover (for only 'Third-party' liabilities) and Comprehensive Cover (for both 'Own Damage' and 'Third-party').

Instant Claim Services

The company aims to provide fast and hassle-free claim assistance to its customers. You will get undivided attention towards your queries related to the claim process. 

Reliance Two Wheeler Insurance Premium Calculation

A two-wheeler insurance premium calculator can help compare different two-wheeler insurance premiums at a time and thereby making a choice, which is cost-effective for you. One can avail several benefits with the help of premium calculation. For example, you can choose the right IDV for your two-wheeler on the basis of the two-wheeler make, model and age. 

Some of the premium samples of various two-wheeler models have been listed below: 

Bike Variant

Price of the Bike

IDV*

Zero Depreciation

(Add On)*

Estimated Premium*

Bajaj Platina 110 H-Gear Disc BS-VI (115.45 cc)

Rs. 60,624

Rs. 36,632

N/A

Rs. 1,052

Suzuki Access 125 Steel Wheel-Drum-CBS Fi (124 cc)

Rs. 69,097

Rs. 42,756

N/A

Rs. 1,186

Yamaha FZ V3 Electric Start ABS-BS VI (149 cc)

Rs. 99,878

Rs. 68,400

N/A

Rs. 1,034

KTM 390 Adventure Electric Start Standard (373 cc)

Rs. 3,00,010

Rs. 2,26,544

N/A

Rs. 3,515

Table Data updated on 02-09-2020

**The values are calculated on the basis of Delhi city and registration year 2020.

What Are the Add-On Covers Under Reliance Two Wheeler Insurance?

Nil Depreciation: The value of tyres, wheels, engine seat, body, clutch of your two-wheeler depreciates whose effect is reflected in the payment of claim amount. However, you can get the full amount of claim without any deductions by adding this cover.

Personal Accident Cover: Under this cover, the two-wheeler is covered with all kinds of accidental damages. Whether an accident has caused the death of the insured person or made him permanently disabled, all will be compensated by the insurer on intimation.

Daily Allowance Benefit: The insurer will pay for the daily travel expenses in case your two-wheeler is under supervision at a network garage for more than 3 days. The maximum allowance limit for the expenses is Rs. 5,000 per day. Also, if the vehicle is not returned within 90 days, then the lump sum theft benefit is paid to the policyholder. 

EMI Protection: Suppose your two-wheeler has suffered heavy losses and needs a longer duration (more than 30 days) to get perfectly repaired in a network garage. In such situations, the insured will get cover for up to 3 EMIs for his/her vehicle loan which is paid by Reliance directly to the financial institution from where the vehicle is financed. Only partial claims are applicable under this cover.

Helmet Cover: With the help of this add-on cover, if the helmet gets damaged completely due to an accident, the insurer will pay the cost for a replacement for a new one of the same type and model. This cover is available only for Annual two-wheeler policies (that requires renewal every year) and a maximum sum insured allowed is equal to Rs. 50,000 per helmet.

How To Earn Discounts on Reliance Two Wheeler Insurance?

  • NCB: The No Claim Bonus discount can help in bringing down the premium amount of the insured two-wheeler. A maximum of 50% NCB can be earned by not making claims during policy years and renewing on every policy anniversary.
  • Long Term Policy: Choosing a long term two wheeler insurance policy can give discounts on premium from 10% to 15%. With a 2 or 3 policy years, you can also save your money from the annual hike in premium prices.
  • Voluntary Deductibles: Sharing the claim amount with the insurance company can lower your premium amount on every renewal of the policy. Higher the value of voluntary deductibles, lower will be the premium rates. You can earn a discount of up to 20% on the 'Own Damage' premium of the two-wheeler subject to a maximum of Rs. 200.

What Is the Claim Settlement Process of Reliance Two Wheeler Insurance?

Register the Claim

The first job is to intimate the Reliance General Insurance Company about the claim immediately (within 24 hours) by calling on the toll-free number 1800 3009.

File an FIR (For Accidents & Thefts)

It is the primary duty of the policyholder to report an incident of theft or accident. Go to the nearest police station and file an FIR for the same.

Take the Vehicle to the Nearest Garage

Next step is to take the insured two-wheeler to the nearest network garage for repairs.

Examination of the Vehicle

A surveyor will be assigned to assess the total loss incurred by the vehicle and prepare a survey report. Also, the surveyor will collect the necessary documents from you for further consideration of the insurer.

Acceptance of Claim

The insurer will inspect the reports and documents submitted by the surveyor and will accept the claim if the claim is found authentic as per the terms and conditions of the policy.

For Cashless Claims

The cost of repairs/replacement from a network garage will be directly paid by the insurance company to the garage.

For Reimbursement Claims

Once the vehicle has been repaired completely from a non-network garage, you are required to follow the same procedure as mentioned above. Do not forget to collect the related bills from the garage and submit along with mandatory documents. 

In this case, the claim amount will be payable after a successful claim settlement directly into the policyholder's bank account.

Documents Required For Claim Process

For Cashless & Non-cashless Claims/Accidental Claims/Theft Claims

  • Claim form containing all the required information.
  • Policy Document.
  • Copy of Registration Book and Original Tax Receipt.
  • Copy and original of Driving License.
  • Police Panchnama/FIR (fir third party claims, accidents, theft).
  • Repair Bills & Payment Receipts.
  • Claims Discharge Cum Satisfaction Voucher signed across a Revenue stamp in this format.
  • Copy of Letter informing the RTO about the theft.

For Third-Party Claims

  • Duly filled Form 28, 29 and 30 attested by the owner of the vehicle.
  • Form 35 (undated and blank) attested by the Financer on the admission of liability of insurers.
  • Letter of Subrogation.
  • Consent towards agreed claim settlement value from you and Financer.
  • NOC of the Financer (when the case is in favour of the owner of the vehicle).
  • Claim Discharge Voucher with signature on the side of the Revenue Stamp.

Contact Details

Reliance General Insurance Company

Registered Office Address:

Reliance General Insurance, Correspondence Unit, 2nd & 3rd Floor, Winway Building, 11/12, Block No. 4, Old No. 67, South Tukoganj, Near Madhumilan Square, Indore, Madhya Pradesh, India - 452001.

Telephone: 1800 3009 (toll-free), +91-22-4890-3009

WhatsApp Number: 7400422200

Timings (All Days): 9.00 AM to 7.00 PM - All Services

24 Hrs - Roadside Assistance

Email: rgicl.services@relianceada.com (Any queries or complaints regarding your two-wheeler insurance policy)

PolicyX.com

Registered Office Address:

PolicyX.Com Insurance Web Aggregator Private Limited, 1st Floor, Landmark Tower, Plot no-2, Southcity-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.

Email: helpdesk@policyx.com (For assistance & complaints)

telesales@policyx.com (For any Sales query)

Toll-Free Number: 1800-4200-269

Reliance Two Wheeler Insurance : FAQs

1. What are the different endorsements in Reliance Two Wheeler Insurance policy?

An endorsement is a written proof of an agreed change in the policy. The types of endorsements are as follows:

  • Premium Bearing - You need to pay extra premiums for modifications such as the addition of LPG/CNG kit, change of RTO location, transfer of ownership etc.
  • Non-premium Bearing - No charges are applicable for changes like the correction in name, contact details, engine number, etc.

2. What amount of voluntary deductible do I need to pay to get a discount of 20% on 'Own damage' premium in Reliance Two Wheeler Insurance policy?

You need to pay a voluntary deductible amount of Rs. 1500 to get a maximum discount of 20%.

3. The 'EMI Protection' add-on cover is applicable only for partial claims. What are partial claims?

Partial claims are the interest-free loans from the Department of Housing and Urban Development (HUD) for two-wheelers to get caught up on the overdue payments that help to reinstate the mortgage.

4. How many times can I make a claim for 'Daily Allowance Benefit' under my Reliance Two Wheeler Insurance policy?

You are allowed to claim for 2 times during the policy period to get the benefit of daily allowance under the policy.

5. Does the 'Helmet Cover' provide protection to more than 1 helmet in a single policy?

Yes, you can cover more than 1 helmet in a single year under the policy.

6. Can I purchase the add-on covers for a long-term two-wheeler policy also?

No, all the add-on covers of Reliance two-wheeler insurance policy are applicable only for Annual policies, i.e., that needs to be renewed every year.

7. May I know the premium to purchase 'Helmet Cover' for my Reliance Two Wheeler Insurance policy?

The premium to purchase 'Helmet Cover' starts from Rs. 100 under the policy and may vary as per the price of the existing helmet.

Last updated on 02-09-2020