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Significant Features and Benefits of Reliance Car Insurance Policies

Updated On Oct 16, 2023

Car insurance is a type of insurance that covers you when your car is destroyed due to an accident, theft, or natural or man-made disaster. Car insurance also protects you financially if you cause harm to a third-party person or property. Read this article to know about the features and benefits of Reliance Car Insurance.

Reliance car insurance is provided by Reliance General Insurance Co. Ltd, one of India's most well-known insurance companies. This organization, which has over 139 offices and around 12000 intermediaries dispersed across the country, seeks to provide world-class service to all of its clients. The firm provides a wide range of insurances, including general and life insurance, at competitive prices. It offers customized coverages to provide total client satisfaction and works to protect policyholders' interests.

Significant Features and Benefits of Reliance Car Insurance Policies

Significant Features and Benefits of Reliance Car Insurance Policies

To get the most out of car insurance, you must be aware of and comprehend its features:

1. Third-Party Liability:

This coverage covers any personal injury, death, or property damage to any third party that is caused by an accident involving your covered car. Every car owner is required by the Motor Vehicle Act to have this type of insurance, and if you don't have it, you'll be fined if you're caught by the traffic police. Any damage to your car is not covered under the policy. ​

2. Comprehensive Car Insurance:

A comprehensive car insurance policy, often known as package coverage, protects you and your vehicle against a variety of hazards as well as third-party liabilities. Any damage to the car that occurs as a result of an accident, theft, natural catastrophe, or man-made disaster is covered. In the case of an accident, the death of the driver or passengers within the car is also covered. It is recommended that you get comprehensive car insurance coverage for your vehicle, even though it is not a mandatory policy.

3. IDV (Insured Declared Value):

Insured Declared Value is the amount you can claim if your car is damaged. The IDV is determined using the depreciation rate. Calculated using the manufacturer's suggested retail price after depreciation based on the vehicle's age.

4. Premium:

The amount you pay for car insurance is known as the premium. Many factors influence this, including the car's model and age, the type of fuel it uses, the city in which you live, your age and career, and so on. You can reduce your premium by using your NCB points and other discounts.

Features and Benefits of the Reliance Car Insurance policy

  • You can choose from a variety of car insurance plans sold by Reliance General Insurance Co. Ltd. Each plan has certain similar characteristics and advantages, which are listed below:
  • Car insurance options from Reliance are available for both personal and business vehicles.
  • In the case of a breakdown or accident, the insurance plan offers towing service.
  • There is also on-site help available 24 hours a day, 7 days a week in the event of malfunctions or accidents.
  • For both new and current customers, a duplicate key replacement cover is also available.
  • Accident Shield, Consumable Expenses, and Conveyance Benefit are offered as add-on covers under the plan that customers can select to extend the coverage of their automobile insurance policy.
  • In the event of a breakdown or accident, the reliance car insurance plan also provides support in the form of booking a cab or hotel accommodations.

Take Away

A car insurance plan is a legal necessity that you should have in order to lawfully drive on the highways of the country. This insurance policy would cover any financial losses suffered as a result of an accident caused by driving the car.


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.

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