how to secure your car

We believe that a car insurance policy should be quick, easy and most of all - reliable. Hence, we have come up with a comprehensive policy that not only offers optimum protection to your vehicle, but also helps you financially in case of any unfortunate occurrence. Now a dent in your car will not​ cause a dent in your finances. At Reliance General Insurance, we have quick and effective solutions for all your car insurance needs and more!

Here are few benefits offered by the policy:-

• Instant Renewal without paperwork
• Comprehensive Vehicle Insurance Cover​
• A Range of Add-on covers for enhanced protection

​​​Key Offeri​ng​s- 

Comprehensive Damage Cover​

You may already be aware that Third Party Liability Car Insurance is mandatory as per​ law. Therefore, if you own a car, you are mandated by law to take up a Third Party Liability Cover. However, taking up a car insurance policy that doesn't compensate your own damages seems pointless, doesn't it? A comprehensive damage cover was developed to offer a broad coverage against all po​ssible damages arising from a variety of risks.

Our comprehensive car insurance policy offers protection against damages caused to your car by way of risks such as collisions, theft, fire, and so on. Additionally, a comprehensive car insurance policy also covers third-party liabilities and offers extensive protection for your car.

Add-On Covers​​

When it comes to car insurance, additional coverage is always better. You can enhance your vehicle insurance coverage protection further with our wide-range of add-on covers such as-

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Depreciation reduces the value of your cover drastically. This add-on cover compensates for the depreciating value of your car. Opt for this and you will n​ot have to bear the losses occurred due to depreciation on all parts except the tyres and tubes. This add-on cover is applicable to the following conditions​-

• This add-on covers private cars, with a maximum of two claims in one vehicle insurance policy period
• In case of partial loss, we will settle a claim made for the insured car only if it is repaired by/ at one of our authorised dealers or workshops
• ​Compulsory Excess will be applicable as per normal practice and Voluntary Deductible will be applicable if you have opted for it​​

No claim bonus (NCB) is a discount, given by an insurer to a policyholder for making no claims during the policy term. NCB can be accumulated over the years and the discount ranges from 20% to 50% on its own damage premium. This is simply a general insurance company's way to reward the customer's good driving behavior.

NCB retention cover is a great way to assure that your safe driving and hard-earned bonus stay protected even if you make a claim. Let’s understand it with an example-

Suppose at the end of 12 months of the policy, the insured did not make any own damage claim. In this case, the insurance company provides the insured with an NCB-based discount on their premium. All the same, if the insured was enjoying an NCB bonus of 45 %, and he/she makes a claim that year, the NCB will be impacted and will be reduced to 0% in the coming year. To safeguard such a scenario, an NCB Retention Cover comes handy. This add-on cover protects the NCB discounts in case the insured makes an Own Damage claim.

Below mentioned are the features of the NCB Retention Cover

• Applicable for 1 OD claim
• Renewal of policy with RGI <= 90 days of the expiry of the policy
• Claim amount should not be >25% of IDV as mentioned in the policy schedule.​

Subject otherwise to the terms, exceptions, conditions, and limitations of the Policy.​

Consumables Cover​​ (UIN: IRDAN103RP0001V01201920/A0005V01201920​​​)​​​

Sometimes, a bunch of seemingly insignificant expenses can create a big dent in your pocket. All expenses incurred on consumable items are covered in case they are damaged due to perils covered our policy. Consumable items such as nuts and bolts, screws, washers, grease, lubricants, clips, AC gas, bearings, distilled water, engine oil, oil filter, fuel filter and break oil are covered. This add-on cover is applicable to the following conditions-

• This add-on covers private cars, with a maximum of two claims in one motor policy period.
• In case of partial loss, we will settle a claim made for the insured vehicle only if it is repaired at one of our authorised dealers or workshops.​

Engine Protector Cover (UIN: IRDAN103RP0001V01201920/A0011V01201920​)​​​

An engine is the heart and soul of your car. The Engine add-on cover offers compensation for expenses incurred while fixing the indirect damage done by water ingression or leakage of lubricating oil leading to loss or damage to-

• Engine Parts
• Differential​ Parts
• Gear Box ​Parts​

Key Protect Cover​ (UIN: IRDAN103RP0001V01201920/A0012V01201920​​)​​​

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Let's be honest, we have all misplaced or lost our home/vehicle keys at some point in our lives. While we cannot find your keys for you, we can certainly cover the expenses you incur while repairing or replacing your car keys and/or locks and/or lockset. Here are some more details about the Key Protect Cover​-

• The coverage will be available only for a maximum of two claims during your motor insurance policy period.
• A claim resulting from burglary or theft should be supported by a First Information Report (FIR) with the police.
• The replaced keys/lock/lockset is of the same nature and kind as the one for which the claim has been made.
• The loss or damage to the keys/lock/lockset is reported to us within 7 days of the loss or damage.
• Replacement of key(s) will be allowed for broken or damaged keys only.
• In case of theft or misplacement of key(s), the entire set comprising of key, lock and lockset will be replaced, subject to the handing over the other key(s) to us.​​​​

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​​​We can’t deny the fact that accidents happen! In this condition, we have to leave our vehicles in the garages and travel by our own. This add-on cover compensates for your daily travel allowance when your vehicle is in the insurer's authorized network garage for more than 3 days for repairs.  This add-on cover is applicable to the following conditions-​

• Triggere​d if >3days vehicle under repairs due to perils/OD
• Option to choose days & amount
• Allowance Limit Rs.5000/- per day (For Pvt car limit can be increased further)
• Lumpsum theft benefit, if vehicle is not recovered <=90 days​
• 2 claims applicable​

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We are concerned about financial impact of an accident. We cover up to 3 EMI’s of your insured vehicle if it is in the insurer's authorized network garage for more than 30 days for repairs.​ This add-on cover is applicable to the following conditions-

• Vehicle is in repair,​​ vehicle loan EMIs will gets paid
• Payment directly made to financial institution
• Upto maximum 3 EMI shall be payable
• Triggers if repair time > 30 days
• Applicable only for partial claims​

How to choose the type of car insurance that suits you the best?

Now that you unders​​tand the nuances of both types of Car Insurance Policies you must be contemplating about which one to choose. Here are some valuable recommendations to help you with your decision-

The Third Party Liability Car Insurance policy is generally chosen by individuals who want to buy car insurance as it is mandatory by law.

If you seek overall protection from the damages caused due to unforeseen accidents, opting for a comprehensive car insurance policy is the best option.

Additionally, you can pick add-on covers as per the risks which are more relevant to you.

Interested in Third-party liability insurance? ​Click here to know more!

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Important car insurance terms you should know-

Information is the key to make the right decisions. To ensure that you make an informed purchase, we have explained the essential car insurance concepts right here-

What is IDV?

The IDV (Insured Declared Value) is the current market value of the car which is calculated after deducting the depreciation amount. It is a crucial component of the car insurance policy as it determines the amount of compensation. In case of theft or total destruction of the car, the IDV is offered as "Sum Insured".

What is No Claim Bonus?

When you don't file a claim during your policy period, you will be eligible for a discount on your next premium​ which is referred to as a No-Claim Bonus. This discount will keep increasing progressively for each claim-free year until the car insurance premium is reduced up to 50%.

What are the different kinds of add-on covers available?

We offer a wide range of add-on covers to ensure superior protection from a variety of risks. You can opt for add-on covers such as Nil Depreciation Cover, NCB retention cover (avail the NCB despite registering a claim), Personal Accident cover (covers personal damages), electrical/electronic accessories cover and many more. Refer to our add-on cover section, for more details.

How will a Zero Depreciation Cover help you?

You may already know that the monetary value of your car reduces overtime. This eventuality is a result of asset depreciation. Nevertheless, with Reliance General Car Insurance policy, you can combat the losses of depreciation by taking up a zero depreciation add-on cover along with your car insurance. With a zero depreciation cover, you can be assured that the entire claim amount will be paid to you without deducting the depreciation sum.

How is a car insurance premium calculated?

Your car insurance premium is calculated based on several factors such as-

• Car Manufacturer and Model
• Cubic capacity (cc)
• Age of the Car
• Insured Declared Value (IDV)
• No Claim Bonus (NCB)
• Tax

Other factors like add-on covers, discounts, purpose of the vehicle and safety features such as airbags and anti-theft devices will also be taken into consideration while calculating your car insurance premium.

Not sure if you need car insurance? Numbers Don’t Lie!

The poor road conditions and a blatant disregard for traffic regulations make Indian roads one of the most dangerous in the world.

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