Reliance Bike Insurance FAQs

Reliance third party bike insurance covers property damage of the third party to an extent of Rs. 1 lakh. However, in the following cases, the amount of compensation is decided by a court of law:

• Death or bodily injury to a third party
• Permanent Total Disability of the insured bike owner/driver.

Reliance third party bike insurance offers the following advantages:

• The insurer deals with all the legal liabilities to the third party on behalf of the policyholder.
• One can afford it at a very low cost compared to the coverage it provides.
• It requires minimal documentation while purchasing.
• It provides financial security and peace of mind.

No, you cannot extend the coverage of the third party bike insurance as this insurance provides the basic coverage without any options of add-ons. One can avail extensive coverage by purchasing comprehensive bike insurance.

You can purchase Reliance third party bike insurance in the following ways:

• By dialling their toll-free number 1800-3009
• Through their official website
• By visiting their nearest branch.

You can add the Zero Depreciation cover to your policy even if you don’t own a luxury car for the maximum protection. It will help you to get the parts of your bike repaired or replaced without costing you any money.

You can claim the Zero Depreciation cover two times in the tenure of your Reliance bike insurance policy. Any subsequent claim shall be charged as per the depreciation rate of the policy.

You can add the Zero Depreciation cover while purchasing the insurance policy for your bike. The cover can be added during the policy renewal as well, provided the bike is a maximum of two years old

Yes, there will be a depreciation charge for repairing or replacing tyres with or without Zero Depreciation cover added to your policy. The depreciation charge for tyres, for both with and without Zero Depreciation, is 50%.

Yes, you can modify the bike insurance policy at the time of renewal in the following ways.

• Extension or reduction of tenure: You can choose the policy period as per your preference.
• Inclusion or exclusion of Add-ons: You can choose the add-ons you want for the renewed policy.

You can renew your Reliance bike policy in the following ways.

• By calling their toll free number i.e. 18003009
• By visiting the nearest branch

At the time of purchase, the policy documents have the mention of the expiry date. You can get the expiry date just by reviewing the policy document. It is recommended that you renew the policy before its expiry. However, you can renew it after the expiry date till 90 days of its lapse.

You will receive the documents of the renewed policy in your inbox within a few hours after you make the final payment.

Yes, the Reliance Comprehensive bike insurance policy provides Daily Allowance add-on, if the insured’s bike has been kept in the network garage for more than 3 days and the policyholder has to travel on their own. The allowance limit, in this case, is Rs.5000 per day and only applicable for 2 claims.

You can upgrade from your existing third party insurance policy to the comprehensive bike insurance policy. You have to visit the official website of Reliance comprehensive bike insurance and provide your current policy details.

Any consequential damage caused by the primary damage is not provided with coverage under the Reliance comprehensive bike insurance policy. The insurer will cover the primary damage and the policyholder will have to bear the cost of consequential damage.

The process of getting the premium quote for Reliance comprehensive bike policy is easy and can be done by following three easy steps.

• Go to the official page of Reliance Comprehensive bike insurance
• Provide a few personal details and registration number of the bike
• Click on ‘check our prices’

The bike insurance premium calculator will provide you assistance in finding the right premium amount for your plan, get the IDV of your bike, selecting an affordable plan and make wiser decisions related to the bike insurance plan.

You need to enter details such as make and model of your bike, RTO location of your bike, registration year of your bike, etc., to get the right premium offered by the insurers for a bike insurance policy.

There are various factors that affect the premium of a bike insurance cover such as Insured Declared Value (IDV), Engine’s Cubic Capacity, No Claim Bonus (NCB), Age of the Owner, Anti-Theft Devices and so on.

You can use the best premium calculator to compute the premium and IDV for your insurance plan at the official website of InsuranceDekho, i.e., www.insurancedekho.com.

Yes, the premium calculator helps you find the premium for new and old or used two-wheelers.

Reliance bike insurance plans are available with 4 bike insurance add-on covers that includes Nil Depreciation, EMI Protection, Helmet Cover, and Daily Allowance Benefit.

Different add-on covers are available at different prices. You will have to pay for the add-on covers specified in the policy document or online purchase portal of the insurance company.

No, owning an add-on cover in your bike insurance policy is not mandatory. It is an optional benefit which you can avail to enhance the coverage of your insurance cover.

You can buy the add-on covers either at the time of insurance policy purchase or during the insurance policy renewal process.

There is no limit to opt for add-on covers, which means you can include various add-on covers at a time in your bike insurance policy based on your budget and requirement.