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Reliance Own Damage Car Insurance Overview

There are types of Reliance Own damage plans

  1. 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%.

Reliance Premium Calculator

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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:

  1. 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
  2. 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
  3. 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
  4. 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:

  1. Covers private vehicles and allows a maximum of two claims during a policy year
  2. It provides coverage for the insured vehicle if the vehicle is repaired at authorized network garages in case of partial loss incurred
  3. 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

  1. This add-on cover is allowed for private vehicles twice during the policy tenure
  2. 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

  1. The minimum No Claim Bonus retention should be 25% of the vehicle’s value
  2. The policy should be renewed within 90 days of expiry
  3. One approved claim during a policy year
  4. 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

  1. EMIs will be paid if the vehicle is in repair
  2. Payment will be made directly to the financial institution
  3. Maximum of 3 EMIs will be covered
  4. If the repair time is more than 30 days
  5. 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

  1. Call at Reliance toll-free number and intimate about the incident
  2. 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
  3. The vehicle should be taken for repair only at the authorized network garage of Reliance
  4. An inspection will be done to ascertain the amount of loss and approve the claim. The repair should only take place after the inspection
  5. Customers should opt for cashless services for repairs as the bill will be settled by Reliance car insurance plans
  6. 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
  7. 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

  1. 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
  2. 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
  3. 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

Reliance Customer Care

Customer Care Number

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