Reliance Bike Insurance

Reliance General Insurance is a part of Reliance Anil Dhirubhai Ambani Group and an Indian Private Insurance Company. Reliance General Insurance offers affordable insurance solutions through its varied range of insurance products such as Motor, Health, Travel, and Home Insurance that are easily accessible to its customers. The company is also known to provide a quick and hassle-free claim settlement and renewal process.

Reliance General Insurance offers two-wheeler or bike insurance to provide financial and legal back-up in case of any third-party liabilities like bodily injuries/death/property damage to the third party or own damages to the insured’s two-wheeler. The company offers various insurance policies for two-wheelers which include:

• Third-party insurance policies 
• Comprehensive insurance policies
• Standalone Own-Damage insurance policies

 

Reliance Third Party Two-Wheeler Insurance: This type of two-wheeler insurance policy covers third-party liabilities that might arise due to an unfortunate situation. According to the Motor Vehicles Act, 1988, it is a compulsory insurance policy for a two-wheeler owner or driver. In case the bike owner or driver is caught without a third-party insurance policy, then he/she is penalised for the same. A third-party insurance policy helps in handling situations where the policyholder needs legal assistance such as in case of any property damage/ disability/ bodily injuries/ loss of life of a third party due to an accident involving the two-wheeler of the policyholder.

Reliance Comprehensive Two-Wheeler Insurance: This policy provides comprehensive coverage for own-damage expenses and third-party liabilities. The comprehensive two-wheeler insurance policy covers the expenses of own damages/repairs of the insured’s two-wheeler along with third party liabilities such as bodily injuries/property damage/death of the third party due to a mishap. It is not a mandatory insurance policy but is usually recommended because after buying it you will not require separate third-party insurance as the comprehensive insurance policy covers both your own damages and third-party liabilities.

Reliance Standalone Own-Damage Two-Wheeler Insurance: This policy covers and compensates for damage costs that might arise due to an accident, theft, fire/explosion, natural/manmade calamities, etc. or cost of two-wheeler repair in case of an accident, theft, natural/man-made calamities or fire/explosion. Standalone-Own-Damage insurance policy does not offer coverage for third-party liabilities; however, you can purchase this type of insurance policy if you have an existing third-party insurance policy.

Reliance General Insurance also offers a range of add-on covers that helps you in increasing your policy coverage. You can purchase the add-ons along with the standalone own-damage or comprehensive bike insurance policy. Some common add-on covers include:

• Nil Depreciation
• Daily Allowance Benefit
• EMI Protection and Helmet Cover
• Helmet cover

Benefits of Reliance Bike Insurance

Features	Reliance Benefit
Cashless Repairs	1200+​ Cashless Garages
No Claim Bonus	Upto 50% Discount*
Claim Process	Easy Video Claims**
Claim Settlement Ratio	98% Claims Settled (FY 19-20)
Add-Ons	4 Add-ons available
Own Damage Cover	Available
Third-Party Damage Cover	Up to 1 Lakhs for property damage, Permanent total disability cover​

What is covered under Reliance Bike Insurance?

Reliance General Insurance covers own as well as third party damages caused due to: 

Fire	Terrorism
Flood	Inundation​
Frost	Lightening
Theft	Rockslide
Tempest	Hailstorm
Typhoon​	​Hurricane
Earthquake	Self-Ignition
Explosion	Riot & Strikes and/or Malicious Acts
Acci​dent	Transit by Rail, Road, Air & Elevator
Cyclone
Landslide

What is not covered under Reliance Bike Insurance?

Reliance Bike Insurance does not cover certain situations that are not feasible. So below mentioned are the factors that are not covered:

• Mechanical and electrical breakdown
• Normal wear-and-tear of the vehicle
• Damage to/by a person driving without a valid driving license
• Loss or damage caused while riding under the influence of alcohol or any other intoxicating substance
• Any damage or loss due to depreciation of the vehicle’s value
• In case the original damage causes subsequent damage or loss, only the original damage will be covered.
• If the vehicle is being used other than the limitations as to use. Such as if your personal vehicle is used for commercial purposes.
• Loss or damage to the accessories by burglary, housebreaking, or theft unless the vehicle is stolen at the same time.
• Damage to Tyres & Tubes unless the insured vehicle is damaged at the same time in which case the liability of the Company shall be limited to 50% of the cost of replacement.

How to file a Reliance Bike Insurance Claim?

The claim settlement process at Reliance Bike Insurance is simple and easy. You can do it online by simply informing Reliance General Insurance about the claim on their official website and you can also track your claim status. Below are the steps to file a claim online:

• You need to visit Reliance General Insurance’s official website, there is a ‘Self Help’ option on the bottom right side, click on the self-help, scroll down and click on the ‘Intimation’ option in the claim section.
• Select the ‘Motor’ as the product and proceed. Provide information such as if you have reported the vehicle to a garage and your policy number then click on ‘Next’.
• After registering the claim, check your policy details and information thoroughly and further submit/upload the supporting documents along with the claim form.
• Upon registering and notifying your insurance provider about the claim, you can track the claim on the website.

Documents required during Reliance Bike Insurance Claim Settlement

Below is the list of documents that are required for Reliance Bike Insurance Claim Settlement:

For Third-Party Claims

• Duly filled and signed claim form
• Original/Copy of two-wheeler insurance policy
• Copy of Registration Certificate (RC)
• Copy of Driving License
• Copy of FIR (First Information Report)

In Case of an Accident

• Duly filled and signed claim form
• Original policy documents of the insurance policy
• Copy of Registration Certificate (RC)
• Copy of Driving License
• Copy of FIR (First Information Report)
• Estimate of cost of repairs
• Receipts/bills once the repair has been done

In Case of Theft

• Documents required in case of an accident
• ‘No Trace Report’ of the insured two-wheeler from the police.
• Original copy Registration Certificate (RC)
• Duly filled and signed 26, 28, 29, 30, and 35 Forms
• Theft declaration from Regional Transport Office
• All sets of keys/Warranty Card/Service Booklets