Reliance Two Wheeler Insurance

Two wheeler Insurance
INSURANCE TYPE
Maximum Bonus
INSURANCE OFFERS
NIL
MONTHLY INCOME
FEATURES
  • Get 1 free movie ticket on BookMyShow every month, when buy 1 movie ticket.
  • Get 10 Reward Points per INR 100 spent on entertainment, utility, fuel, dining & international spends.
  • 8000 Reward Points as a welcome gift
  • 20,000 bonus Reward Points on annual spends of INR 3.5 lacs or more.
About Reliance Two Wheeler Insurance

Applicant ID proof copy ( Aadhaar card, PAN card, Voter Id, card Passport, driving license).

Applicant last 6 Months bank statements last three month salary slip require, in case of salaried individual.

Copy of Form 16 and the IT Returns Statement is required.

Two Wheeler Insurance

Two wheeler insurance is an agreement between insurance company and an individual that covers the damages done to the two-wheeler due to some accident, theft or natural disaster. This insurance is mandatory in India for the people with two-wheelers.

Types Of Two-Wheeler Insurance

  • 1) Third Party Insurance: This insurance covers the damage done by the insured person to the property of third party or to a person. When you land up in the accidental damages done to someone else’s property or vehicle by your own vehicle then this insurance helps in taking care of all legal obligations.
  • 2) Comprehensive Bike Insurance: This insurance helps the rider against any damage done to his own vehicle due to accident, theft or natural calamity. It also provides the insured person with a personal accident cover in case there is any damage or injury while driving the bike.

Benefits Of Two-Wheeler Insurance

  • 1) Financial Protection: This insurance gives financial cover in case of accident, theft or any damage caused by third party. Even a small dent can cost lot of amount and make your budget go haywire, this policy covers the full amount for the damage done and gets it repaired without poking you to pay anything for the repair part.
  • 2) Spare Part Cost: Spare parts are very costly these days and with increasing demand of the bikes, the spare parts are also in high demand. This policy covers the cost of spare parts starting from nuts, bolts to gears and break pads.
  • 3) Roadside Assistance:This policy also helps in providing assistance in case your vehicle breaks down in between the road. It provides you with towing, flat tyre repair and minor machinery repair as well.
  • 4) Accidental Injuries:This insurance covers not just the damages done to your vehicle but it also takes care of accidental injuries that you might have suffered due to accident.

Features Of Two Wheeler Insurance

  • 1) Bike owners can get a personal accident coverage of Rs. 15 lakh and it has been made compulsory by the insurance governing body, IRDA.
  • 2) No Claim Bonus (NCB) discount is easily transferred when you plan to buy a new vehicle. This NCB is given to the owner or the driver and it rewards the person for driving safe and not claiming anything from the policy from the previous years.
  • 3) Optional coverage is given at an extra cost but it has many rewards. It gives the rider personal accident cover, cover for spare parts and accessories along with zero depreciation cover.
  • 4) Online purchase is quick and provides registration on quick basis too. It is a hassle free process where buyer can quickly fill up the form with the personal details and also upload their personal documents on the website to get the insurance policy within few minutes.

Exclusions Of Two-Wheeler Insurance

  • 1) Normal wear and tear of the vehicle like a scratch on its body
  • 2) Loss from mechanical breakdown
  • 3) Damage to tyres and tubes due to daily running of the vehicle
  • 4) Damage done while driving without a legal license
  • 5) Damage done due to war or nuclear risk
  • 6) Depreciation of the vehicle due to its age and regular use
  • 7) Damage done by the driver due to driving under the influence of alcohol or drugs