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What are the Benefits of Buying Car Insurance from Reliance?

Wish

Written by Sumit Arora

Updated Oct 16, 2023

Purchasing insurance for your four-wheeler from Reliance is not that difficult. Read this article to take a note of the benefits of Buying Car insurance from Reliance.

Reliance car insurance is an outstanding motor insurance policy that protects your vehicle financially at all times. It is one of Reliance General Insurance Company Limited's finest automobile insurance packages. The insurer is one of the significant neo-insurance firms in India, with over 139 offices and 28,900+ intermediaries. Vehicle own damage policy, motor floater insurance, third party liability insurance, commercial car insurance, taxi insurance, and long-term four-wheeler insurance are the many kinds of Reliance car insurance policies. For the fiscal year 2018-19, the business had a successful claim settlement percentage of 94 percent.

What are the Benefits of Buying Car Insurance from Reliance?

What are the Benefits of Buying Car Insurance from Reliance General Insurance?

Some key benefits which will be helpful to the customers are as follows -

  • NCB Retention

A No Claim Bonus is a premium reduction given to the owner of a car insurance policy if the owner does not file a claim during the policy term. For example, if you do not claim in the first year, you will get a 20% discount on the premium for the following year. This discount for four-wheelers is cumulative and grows as the number of claim-free years increases.

  • Consumables Protection

According to the car insurance policy, consumables such as nuts and bolts, screws, grease, lubricants, AC gas, engine oil, oil filter, fuel filter, brake oil, and so on are expensive at the time of claim. This covers the costs for such consumables in the event of damage or loss due to any hazards covered under the policy wordings for the insured four-wheeler.

  • The Engine Cover

The engine is a critical and expensive component of every four-wheeler. Any damage to the Engine or Gearbox may put a dent in your wallet. However, the Reliance Engine car insurance policy add-on covers the costs of repairing and replacing any engine damage caused by water ingression and lubricating oil leaks.

  • Key Protect Coverage – Private Vehicles

This add-on car insurance policy provides significant advantages, mainly when repairing or replacing four-wheelers keys, locksets, and locksmith fees. With a maximum of two claims per insurance term, the claim may be filed in the event of theft, burglary, or loss or damage to the keys, lock, and lockset owing to natural or manufactured hazards as specified in the policy wordings.

You may also like to read:  Benefits of Renewing Your HDFC ERGO Car Insurance Policy 

Discounts Available With Reliance Car Insurance Plans

Reliance General Insurance provides several enticing discounts to policyholders. Some of them are -

  • No-Claim Bonus- A no-claim bonus is a reduction on the next year's premium. If you make no claims throughout the year, you will get a substantial reduction on the next year's premium. If you have no claims in the first year, you will be given a 20% reduction on the second year premium, and so on. It continues to rise for your four-wheeler according to the car insurance policy.
  • Voluntary Discounts- This discount is given if you want to pay the bare minimum at the time of your car insurance policy claim. If you pay Rs. 500 at the time of claim, you will get a 5% discount on the Own Damage (OD) premium, up to a maximum of Rs. 50. If you do not file any claims, you will still get the discount and the minimal amount you agreed to pay at the time of filing for your four-wheeler.

Take Away

Reliance General Insurance is undoubtedly one of the car insurance sector's top participants, thanks to excellent customer care, a 3800+ network cashless garage, and innovative products. The Anywhere Assist app is a crucial tool developed to deal with any emergency circumstances when getting assistance may be very difficult. Overall, if you seek a comprehensive four-wheeler insurance policy, Reliance General Insurance should be among your top three choices.

Also Read:  SBI General Cashless Car Insurance Process Explained 

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.

 

Wish

Written by Sumit Arora

Sumit is an insurance industry veteran with more than 20 years in the industry. Sumit is a frequenRead More

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.

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