Reliance own damage car insurance

Reliance Own Damage Car Insurance Overview

There are types of Reliance Own damage plans

Reliance Own liability cover

This cover protects the policyholder from the loss incurred due to the following

Man-made activities like fire, explosion, riots, strikes, theft, etc
Natural calamities like floods, earthquake, storms, typhoon, etc
Damage in transit on road, rail, airways, waterways, elevator or lift

Reliance Claim Settlement Ratio

99%

Reliance

94.67%

Industry Average

Car claim settlement ratio is the percentage of claims settled against the total claims received by the insurance company in a given fiscal year. Reliance has a claim settlement ratio of 99%, as compared to the industry average of 94.67%.

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Add-ons Available Under Reliance Car Insurance Plans

Add-ons are additional coverage benefits which can be chosen voluntarily by paying an additional premium. Add-ons help increase the scope of coverage of the Car insurance policy. Reliance Car insurance plans offer the following types of add-ons with the comprehensive policy:

This bundle provides coverage to the policyholder against a personal loss like damage to the car, permanent disability or death, irrespective of the driver.It provides the following benefits:

100% of the capital sum insured under the policy fixed at Rs 10 lakhs will be given as compensation in case of death of the policyholder
100% of the capital sum insured under the policy fixed at Rs 10 lakhs will be given as compensation in case of permanent disability of the policyholder
100% of the capital sum insured under the policy fixed at Rs 10 lakhs will be given as compensation in case of loss of two limbs or both eyesight or loss of one limb and one eyesight
50% of the capital sum insured under the policy fixed at Rs 10 lakhs will be given as compensation in case of loss of one limb or one eyesight

Depreciation is the reduction in the value of the vehicle due to wear and tear. This add-on cover protects you against loss of depreciation and compensates the policyholder for depreciation except for tyre and tubes.This add-on includes:

Covers private vehicles and allows a maximum of two claims during a policy year
It provides coverage for the insured vehicle if the vehicle is repaired at authorized network garages in case of partial loss incurred
It also provides a voluntary deductible option and compulsory excess

This add-on cover covers the expenses of the consumable items like nuts-bolts, grease, lubricants, screws, clips, bearings, AC gas, distilled water, engine oil, brake oil, fuel filter, oil filter, etc. with conditions

This add-on cover is allowed for private vehicles twice during the policy tenure
If repair is made in the network garage, then settlement will be made in case of partial loss

No Claim Bonus retention add-on cover helps in retaining the no claim bonus even if you make a claim. This add-on cover comes to rescue when the policyholder has a higher percentage of no claim bonus and the policyholder needs to claim for own damage. Things that one should keep in mind while opting for this add-on cover

The minimum No Claim Bonus retention should be 25% of the vehicle’s value
The policy should be renewed within 90 days of expiry
One approved claim during a policy year
Claim payment should be a minimum of 25% if the vehicle’s value

Reliance car insurance covers up to 3 EMI’s of the vehicle if the vehicle is in the authorized garage for repairs for more than 30 days with conditions

EMIs will be paid if the vehicle is in repair
Payment will be made directly to the financial institution
Maximum of 3 EMIs will be covered
If the repair time is more than 30 days
Only applicable for partial claims

How To Raise A Claim Under Reliance Own Damage Car Insurance

Reliance car insurance offers an easy claiming process to ease out the experience of the policyholders

In a few easy steps, one can apply for their insurance claim

Call at Reliance toll-free number and intimate about the incident
You will have to provide the following details in order to make the claim
- Contact details
- Car policy number
- Name of the insured
- Vehicle number
- Make and model of the vehicle
- Location and garage name
The vehicle should be taken for repair only at the authorized network garage of Reliance
An inspection will be done to ascertain the amount of loss and approve the claim. The repair should only take place after the inspection
Customers should opt for cashless services for repairs as the bill will be settled by Reliance car insurance plans
You will also have to submit a duly signed claim form, copy of the driving license, RC of the vehicle, copy of the FIR in case of accident and third party loss
Produce original bill of receipt from the garage in case of not opting for cashless services, for reimbursement

Documents Required For Claims

Documents required for claiming insurance plans

In case of an accident
1. Document of the insurance policy
2. Vehicle Registration and tax receipts
3. Copy of the driving license
4. Copy of the FIR
5. Estimated repair
6. Bills of repairs and other payments
In case of theft
1. Document of the insurance policy
2. Vehicle Registration and tax receipts
3. Copy of the driving license
4. Copy of the FIR
5. Vehicle keys, service book and warranty card, if any
6. Letter of acknowledgement to RTO
Exclusions in Reliance car insurance plans: Reliance car insurance does not include the following
1. Normal wear and tear of the vehicle
2. Consequential loss
3. Mechanical and electrical damage
4. Damage caused due to war, nuclear attack
5. Damage caused due to the influence of drugs,alcohol