Welcome to our blog, friends. We are going to talk about Reliance Car Insurance.
What facilities does Reliance Car Insurance provide when you insure your car? What benefits does it provide? What features do you get with its policy?
Reliance Car Insurance
Reliance Car Insurance Policy provides maximum protection against most damages or risks that may occur to your car. It takes care of financial losses caused by accidents and other unfortunate events.
A comprehensive policy not only compensates third person/third party property but also covers injuries to you and damages to your car without hurting your pocket.
Key Features of Reliance Car Insurance:
Reliance Car Insurance Policy,
Features of Acko Car Insurance:
| Features | Coverage And Benefits |
| cashless garages | 8,000+ Garages Networks (India) |
| Claim Settlement Ratio | 98% for car insurance policies |
| No claim Bonus(NCB) | Yes |
| Third-Party Coverage | Yes |
| Own Damage Cover | Yes |
| Number of Zero DEP Claims | up to two claims |
Reliance Car Insurance Policy
- Third-party liability policy
This policy ensures financial protection against legal liabilities in case you are responsible for an accident. It covers expenses related to injuries caused to another vehicle, property, or third party due to the accident. This type of insurance is mandatory as per Indian law and protects in case of unforeseen events.
- Comprehensive car insurance policy
A comprehensive policy offers comprehensive protection by covering both third-party liabilities and damages caused to your vehicle. It includes financial coverage for accidents, fire, explosion, theft, riots, natural calamities like earthquakes and floods, and even damages caused during transit by road, rail, or air. This policy is ideal for those who want complete peace of mind.
- Additional coverage options
Policyholders can enhance their protection with add-ons like coverage for electrical and non-electrical accessories, LPG/CNG fuel kits, legal liability for employees or paid drivers, and coverage for racing or performance tests. These add-ons allow you to customize your policy to suit your specific needs.
Reliance Car Insurance Online: Add-on Covers
Reliance Car Insurance Policy,
1. Motor Secure Plus Coverage:
- Zero Depreciation Coverage: This feature is designed for personal vehicles, allowing a maximum of two claims within the same policy term. It compensates for the depreciation of your car’s value, which means you will not suffer losses due to depreciation on most components (except tires and tubes). In cases of partial damage, claims will be settled only if the repairs are done at an authorized dealer or workshop.
- Consumables Coverage: This option covers the cost of consumables such as nuts, bolts, screws, lubricants, filters, and engine oil if they are damaged by events covered in your policy. You can make two claims during the policy term.
- Engine Protector Coverage: It provides financial assistance for repairs related to indirect damages caused by water entering the engine or oil leaks that damage engine parts or differentials.
2. Motor Secure Premium Coverage:
Key Protection Coverage: This covers the expenses of repairing or replacing car keys, locks, and locking mechanisms with a limit of two claims during your policy term. For claims related to theft or burglary, a first information report (FIR) is required with the police. You must report lost or damaged keys/locks within 7 days. Full replacement is available for broken or damaged keys, while in case of theft or loss of keys, the entire set (including lock and lockset) must be replaced if other keys are submitted to the insurance company.
- Zero Depreciation Coverage
- Engine Coverage
- Consumables Coverage
3. Personal Accident Coverage: It provides compensation in cases of death or permanent disability resulting from an accident involving your insured vehicle. Compulsory Personal Accident (CPA) coverage for the owner/driver lasts for one year and protects all vehicles owned. The sum insured is a minimum of ₹15 lakh. If you have other personal accident coverage that meets or exceeds this amount, you can opt out of this provision.
4. No-Claim Bonus Retention Coverage: This option protects your no-claim bonus, ensuring it will remain intact even if you file a claim. It protects your no-claim discount for your own damage claim, provided the amount does not exceed 25% of the insured declared value (IDV) stated in your policy.
5. Daily Allowance Benefit: This benefit reimburses you for your daily travel expenses if your vehicle remains in an authorized garage for more than three days for repairs. You can file up to two claims under this provision.
6. EMI Protection: This coverage extends to the payment of up to three monthly installments (EMIs) for your insured vehicle if it remains in the insurance company’s authorized garage for more than 30 days due to repairs. The payment is made directly to the concerned financial institution and applies only to partial claims.
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