Know How Reliance General Insurance Protects Your Two Wheeler
Updated On Jul 28, 2021
Read this article to understand how purchasing two wheeler insurance from Reliance General Motor Insurance is beneficial.
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Your bike is your most cherished possession that you use often. Maintaining it and taking care of it involves atrocious expenses that could be very burdening. With the increase in the number of vehicles on the road, accidents have become very common and unpredictable. Repairing the damages sustained by your two wheeler resulting from the accident is very expensive. Therefore, purchasing bike insurance that provides you optimal coverage in such stressful times is very beneficial. However, to choose an optimal bike insurance plan, you will be required to compare different insurance policies and pick the one that suits you the most. This article will guide you through the key features offered by Reliance General Insurance so you can decide if it's beneficial for you.
Key Features of Bike Insurance In Reliance General Insurance
The following are the benefits that the policyholder enjoys by purchasing bike insurance from Reliance General Insurance-
Trusted And Reputed
The company where you purchase your bike insurance from should be trustable and reliable. The primary step you should take while looking for insurance policies is to check the legitimacy of the insurance provider. This will help you to avoid fraudulent insurance companies and purchase the one that is genuine. Reliance General Insurance is certified by ISO and IRDAI. With a claim settlement ratio of 94%, it is definitely one of the most reliable insurance companies.
When you purchase bike insurance, it is very important to select a plan that offers you optimal coverage so it doesn’t leave you uncovered in times of need. At Reliance General Insurance, you can choose between a standard comprehensive insurance policy and a third party insurance. A third party cover offers financial protection to compensate for the loss of the third party in case of an accident with the involvement of the policyholder. On the other hand, a comprehensive policy will offer protection to any damages sustained by the bike due to non accidental events as well as third party compensation.
Insurance companies offer many facilities that are not included in standard insurance policies in the form of add on covers. These covers can be added to your standard insurance policy to give you extra coverage. However, these add ons will increase the overall cost of the premium. Thus, you must select the ones that are most appropriate for you. Reliance General Insurance provides 5 add on covers. They are- Nil depreciation cover, Helmet cover, Personal accident cover, Daily Allowance Benefit Cover, and EMI Protection cover.
Discounts On Premium
Purchasing a bike insurance policy that offers optimal coverage is very important. At the same time, it is equally important to purchase a policy that has an affordable premium. At Reliance General Insurance, you can get your bike insurance quote with a tap on the screen. You can also avail discounts of up to 50% through the No Claim Bonus component. Reliance also offers loyalty discounts to its customers starting from 20% to 50%.
The cashless repair facility is one of the most convenient facilities that is offered by insurance companies. Reliance General Insurance has over 6,200 authorized network garages which makes the cashless repairs of your bike seamless in case of any accident.
With the improvement in technology, most insurance companies have taken their facilities to an online platform. At Reliance General Insurance, you can purchase, renew and claim your bike insurance policy online from the comfort of your residence. Renewal of bike insurance does not require any paperwork or inspection at Reliance General Insurance company. So, you can renew and claim your bike insurance conveniently.
Having a bike insurance policy is mandatory for every bike owner according to the Indian Motor Vehicle Act. However, with the increase in the number of accidents, insurance has become more than just an obligation. Therefore, make sure to compare different bike insurance plans and purchase the one that is most optimal for you.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.