Everything About Reliance General Car Insurance

Written by Sharad Bajaj

Updated On Oct 13, 20232 min read

Know everything about the car insurance plans offered by Reliance General Insurance.

Reliance General Insurance, a part of the Reliance Anil Dhirubhai Ambani Group, was Incorporated on 17 August 2000. It is one of the few general insurance companies which does not have a foreign partner. The company is solely promoted by Reliance Capital and operates in India with more than 130 branches spread across the country. The insurance company offers a number of general insurance products including car insurance policies. It features a 3,800+ strong network of cashless garages. Reliance General Insurance recorded a claim settlement ratio of 82.93% for own damage car insurance in the financial year 2017-18.

Types of Car Insurance Offered By Reliance General Insurance

Reliance General Insurance offers three types of car insurance policies to its customers:

Reliance General Third Party Liability Car Insurance
Reliance General Comprehensive Damage Cover
Reliance General Car Own Damage Insurance

Reliance General Third Party Liability Car Insurance

An accident caused by your car may result in injuries/death of a third party or even cause damages to a third party property, which you would have to compensate for. The Reliance General Third Party Liability Car Insurance Coverage allows you to claim indemnification for all these third party liabilities. The following is the coverage of the third party liability only car insurance policy offered by Reliance General Insurance:

Third Party Liability	Compensation Offered By Insurance Company
Bodily injuries sustained by a third party	50% compensation for the expenses incurred by the policyholder
Loss of one limb or eyesight in one eye of a third party
Loss of two limbs or eyesight in both eyes of the third party	100% coverage of the expenses incurred
Permanent disability of a third party
Death of a third party
Third party property damage	Up to Rs. 7.5 lakh compensation

Reliance General Comprehensive Damage Cover Coverage

The Reliance General comprehensive car insurance plan insures a policyholder against own damages of his/her car in addition to third party liabilities. The coverage of the comprehensive plan is as follows:

Limited/Unlimited compensation (depending upon the nature of injuries) in case of third party bodily injuries
Unlimited compensation in case of the death of a third party
Up to Rs. 7.5 lakh indemnification for third party property damage
Repair cost of the insured's car in case damages caused in a road mishap, natural/man-made disaster, fire, etc
Coverage against theft of the insured vehicle

Reliance General Own Damage Insurance Coverage

This cover offers compensation for the repair cost of the insured’s car only in the following cases:

Natural calamities such as earthquake, flood, fire and more
Man-made calamities such as riots, vandalism and terror attacks
Road accident
Theft or malicious acts

Reliance General Car Insurance Add-on Covers

Reliance General Insurance also offers the following add-on covers which enhance the coverage of a standard car insurance policy. These can be opted only with a comprehensive cover and a standalone own-damage cover:

Bundled Add-ons

Motor Secure Plus Cover:

Nil Depreciation Cover
Consumables Cover
Engine Protector Cover

Motor Secure Premium Cover:

Nil Depreciation Cover
Engine Protector Cover
Consumables Cover
Key Protect Cover

Individual Add-ons

Nil Depreciation
NCB retention cover
Consumables Cover
Engine Protector Cover
Key Protect Cover
Daily Allowance Benefit
EMI Protection

Conclusion

In a nutshell, Reliance third party car insurance will take care of third party liabilities in the event of a mishap. This includes the cost of a third party’s bodily injuries, death and property damage. The maximum limit for property damage compensation is Rs 7.5 lakh. This type of insurance cover is obligatory for every car driving on Indian roads according to the Motor Vehicles Act of 1988. The own-damage cover on the other hand is not compulsory. It provides coverage for the policyholder’s own-damage costs in the event of a mishap. The cover provides protection from a wide variety of scenarios such as road accidents, fires, explosions, manmade or natural calamities and theft. However, the best type of insurance to get for your car is a comprehensive insurance plan from Reliance. It will take care of both third party liabilities and own-damage costs under a single premium. Moreover, you can purchase add-on covers to further strengthen your standard insurance policy.

For further reading:

Best Car Insurance Policy for People in Their 30s

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.

Written by Sharad Bajaj

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Sharad is an insurance industry veteran who has managed motor insurance products for over a decade. He helped set up and scale the motor insurance vertical for a leading insurance company in his previous stint. In his spare time, Sharad likes to read and be in tune with nature.