Reliance Own Damage Bike Insurance

Reliance General Insurance provides an own-damage bike insurance policy which protects your two-wheeler against various unforeseen events. For eg, if your bike is damaged due to an accident, this policy will cover the associated expenses. These expenses are used to compensate for any repair work/ replacement of parts of your damaged bike. With affordable premiums, Reliance General Insurance offers many benefits with its standalone own damage bike insurance.

What is Own Damage Bike Insurance?

An Own-Damage bike insurance is a policy that covers the expenses arising due to an accident. You can use this policy to cover the necessary repair costs. After an accident, when your bike is damaged, this policy can also be used to compensate for the costs associated with the replacement of certain parts of your bike.

It is important to note that this insurance also covers the damages caused by both natural calamities such as earthquakes, floods, cyclones, landslides, and man-made incidents like theft, burglary, riots, and strikes. Additionally, you can customise this policy by purchasing certain add-ons and increase the overall coverage.

Key Features

Let us see some key features of Reliance General Own Damage bike insurance:

• Cashless Repairs - Reliance General Bike Insurance has a vast network of 8,500+ cashless garages offering repair services.
• No Claim Bonus - If you have a claim-free record, you can get up to 50% discount with Reliance General Bike Insurance.
• Claim Process - Reliance General Bike Insurance offers a quick and 100% digital claim process. Additionally, there’s no paperwork required during this process.
• Add-Ons - Reliance General Bike Insurance offers several add-ons to its customers.
• Voluntary Deductible - As a policyholder, you can choose voluntary deductibles. This means that if you choose a higher voluntary deductible, you'll be paying more out of your pocket when you make a claim.
• No-Paperwork - There is zero paperwork involved in the processing of Reliance General Bike Insurance as it can be done completely online.

How To Buy Reliance General Standalone Own Damage Bike Insurance?

By InsuranceDekho:

We, at InsuranceDekho provide assistance in buying a two-wheeler insurance. Hence, you can use our platform to buy Reliance General Insurance for your bike. Take a look at the steps to be followed for the same:

• Step 1: Firstly, you have to visit our official website (InsuranceDekho). Here, you’ll be asked to fill out the insurance form by entering your vehicle number.
• Step 2: You will also be required to enter other details such as your phone number, email ID, vehicle registration number, and year.
• Step 3: Now you’ll have to select the insurer, ie Reliance General Insurance.
• Step 4: After choosing the insurer, you can start customising the policy.
• Step 5: You can now complete the payment process using a suitable method.
• Step 6: After finishing the payment, you will get a confirmation along with the policy documents on your email ID.

Offline Process

If for any reason you’re unable to follow the above steps, you can go for the offline process. Here, you just need to call us at 7551196989 to contact a relationship manager. You can also drop a mail at support@insurancedekho.com and book home assistance for further guidance.

By Insurer:

You can purchase Reliance General Bike own-damage insurance online by following these steps:

• Step 1: Firstly, you have to go to the two-wheeler insurance section on the Reliance General official website.
• Step 2: Now you have to carefully enter all the necessary details including your mobile number, email address, bike registration number, city of registration, and registration year.
• Step 3: After this, you’ll be required to choose the Reliance General standalone bike insurance policy from the available options.
• Step 4: You can now customise your coverage by selecting add-on options that suit your needs.
• Step 5: Complete the premium payment using debit/credit cards, net banking, or other available methods.
• Step 6: Receive your bike policy documents directly in your email inbox for convenient access.

Add-Ons

You can improve your standalone own-damage bike insurance policy by buying certain add-ons. These add-ons provide many benefits to the policyholders. Let us look at the add-ons offered by Reliance General Bike Insurance:

1) Nil Depreciation - With the zero or nil depreciation bike insurance add-on, you can protect your two-wheeler from the reduction in parts' value due to ageing. This ensures parts are replaced without extra cost to you.

Conditions:

• This add-on applies to two-wheelers, with a maximum of two claims per policy period.
• For partial loss claims, the two-wheeler must be repaired at an authorised dealer or workshop.
• Compulsory excess applies as usual; voluntary deductible applies (if chosen).

2) Daily Allowance Benefit - This add-on provides a daily travel allowance when your vehicle is in an authorised network garage for repairs that have been done for more than 3 days.

Conditions:

• Activated if repairs exceed 3 days.
• Choose the number of days and amount.
• Allowance limit: Rs. 5,000 per day.
• Lump sum benefit if the vehicle is not recovered within 90 days.
• Applicable for up to 2 claims.

3) EMI Protection - This add-on covers up to 3 EMIs for your insured vehicle if it’s in an authorised network garage for repairs happening for over 30 days.

Conditions:

• EMIs are covered if the vehicle is under repair.
• Payment is made directly to the financial institution.
• Up to 3 EMIs are payable.
• Activated if repair time exceeds 30 days.
• Only applicable for partial claims.

4) Helmet Cover - This add-on reimburses the cost of replacing a damaged or destroyed helmet of the same type and model due to an accident. It is valid for an annual two-wheeler policy and can be purchased as an add-on.

Conditions:

• Premium starts at Rs. 100.
• Pay only 10% of the helmet cost (Sum Insured).
• Sum insured limit up to Rs. 50,000 per helmet.
• More than one helmet can be covered in a single year.
• Reimbursement is for the same type and model helmet.

Important Note: This cover is available for a maximum of one accident during the policy period. This policy is not available for theft claims. Additionally, the policy deductible is 5% of the Sum Insured; and is not available for damage from wear and tear.

Documents Required to Buy Reliance General Standalone Damage Bike Insurance

If you want to buy Reliance General standalone bike insurance then you must have certain documents. These are as follows:

1. Identity Proof:

• Passport
• Driving Licence
• Aadhar Card
• PAN Card
• Government-issued photo ID

1. Address proof:

• Passport
• Driving Licence
• Bank or post office passbook
• Government-issued address proof

1. A recent passport-size photograph
2. Driving licence
3. Registration certificate of the vehicle

How Does a Standalone Own Damage Bike Insurance Policy Work?

Standalone own damage insurance protects your vehicle against accidents, theft, natural disasters, and fire. The premiums are determined based on factors like the make and model of your bike, its age, location, insured declared value (IDV), and any add-ons. This insurance is issued for one-year terms and can be renewed annually. In case of damage or loss, as a policyholder, you must inform the insurance company.

You should file a claim and provide details like the time, date, location, and nature of the incident. The insurer will evaluate the damage and determine the claim amount based on your policy terms. They may arrange for repairs at a network garage/ provide compensation for the repair cost. It is advised that as a policyholder, you should renew your insurance before the expiration date.

Reliance General Own Damage Bike Insurance Claim Process

How to File a Claim (Step-by-Step Process)

As a brand InsuranceDekho provides assistance to the policyholder in filing a claim for their own-damage bike insurance. Any policyholder who’s unable to file the claim can take our help by following these steps:

Step 1 - You have to first contact us by calling our toll-free number (+91-7551196989) or drop an email at support@insurancedekho.com.

Step 2 - The next step is to visit the "Claims" section on our bike insurance webpage. Here, you'll get a link to your mobile number. By clicking this link you can arrange a self-inspection of your bike. Then, a surveyor will assess the damages to your bike and provide an evaluation. Now, enter the details of the damage on the online form based on your inspection.

Step 3 - Lastly, you can choose between a cashless claim or reimbursement.

Please note that you can also choose your preferred garage for repairs and get reimbursement accordingly.

Documents Required

Listed below are the documents required to file a claim for standalone own damage Bike insurance:

• Copy of the Registration Certificate or RC
• Copy of the Driving Licence
• Copy of the FIR
• Original estimate of the cost of repairs
• Receipts of any payments made which are to be reimbursed
• Policy certificate
• Duly filled and signed claim form

Claim Assistance

Alternatively, you can get assistance from InsuranceDekho by contacting us at support@insurancedekho.com. You can also call us at +91-7551196989 to get an agent for a physical visit.

Covered Vs Not Covered Under Reliance General Standalone (OD) Bike Insurance Policy

Inclusions:

Listed below are the inclusions in Reliance General’s standalone own damage insurance:

• Natural calamities like floods, lightning, earthquakes, fire, etc.
• Theft or malicious acts
• Self-Ignition, explosion etc
• Man-made calamities like an inundation, vandalism, riots, and terror attacks
• Damage to your car or the belongings in the car in case of an accident
• Transit by rail, road, air & elevator

Exclusions:

Listed below are the exclusions in Reliance General’s standalone own damage insurance.

• Damages to a third-party vehicle
• Damage caused to a third-party property
• Injuries caused to other people in an accident
• Normal wear-and-tear of the vehicle
• Mechanical and electrical breakdown
• A two-wheeler which is being used for commercial activities
• Damage to/by a person who is driving without a registered driving licence
• Loss or damage caused by a driver under the influence of alcohol
• Loss or damage due to depreciation of the vehicle's value
• Subsequent damages caused by the initial damage are not covered.
• Damage to tyres and tubes is not covered unless the insured vehicle is damaged. In such cases, the company's liability is limited to 50% of the replacement cost.
• Loss or damage to accessories due to burglary, housebreaking, or theft is not covered unless the vehicle itself is stolen at the same time

Factors that Affect Your Own Damage Bike Insurance Premium

It is important to consider these factors affecting standalone own damage insurance premiums:

• Insured Declared Value (IDV): The Insured Declared Value (IDV) represents the current market value of your two-wheeler. It affects your own damage insurance premium. Hence, if you opt for a higher IDV, your premium will also increase.
• Bike's Age: With time the value of your bike depreciates, reducing its value. This results in lower premiums for own damage coverage.
• Bike Model: The type of your bike model also affects the premiums for own-damage bike insurance policies.
• No Claim Bonus (NCB): You should try to maintain a clean claims history. With this, you’ll earn a No Claim Bonus, and be able to reduce your own damage insurance premiums during renewal.
• Add-ons: Reliance General Bike Insurance provides several add-ons such as nil depreciation, daily allowance benefit, EMI protection, and helmet cover. However, opting for these add-ons would increase your bike insurance premium.

Following are some of the benefits of purchasing a Reliance standalone own-damage two-wheeler insurance policy:

• The own-damage cover will provide a layer of protection for the two-wheeler by compensating for damages for a wide range of perils.
• With an own-damage cover, policyholders are eligible for a no-claim bonus for every claim-free year.
• Insurance holders can select add-ons from a wide range of choices offered by Reliance.

How To Purchase Reliance Standalone Own-Damage Policy?

Below-mentioned is the procedure you need to follow to purchase a Reliance standalone own-damage two-wheeler insurance cover:

Step 1: Visit our website InsuranceDekho. On the homepage of the website select the ‘two-wheeler insurance tab’ it will be the second option on the top left corner of your screen. When you select it a drop-down menu will appear, choose the ‘Standalone Own Damage’ option from it.

Step 2: In the given section provide the two-wheeler’s registration number. In case you do not have this information with you, you can also make, model and year of registration.

Step 3: You also need to enter your personal details and any other required information. Once you have entered these select the ‘Submit and Get Quotes’ button to check the availability quotes.

Step 4: The quotes for standalone own-damage two-wheeler insurance covers in your category will be visible on the screen. Simply select the policy offered by Reliance General Insurance and any add-on covers you would like to purchase with it. Keep in mind they come at an additional cost.

Step 5: Make the payment for your selected Reliance standalone own-damage two-wheeler insurance policy and we will send the policy document to your registered email ID.