Reliance Comprehensive Bike Insurance

Reliance Third Party Bike Insurance vs. Comprehensive Bike Insurance

The difference between comprehensive and third-party two-wheeler insurance is given below:

What is covered under the Reliance General Comprehensive Bike Insurance Plan?

Comprehensive Bike Insurance by Reliance General Insurance Company covers the following expense during the policy term:

• Third-Party Liability Cover: It fulfils the statutory legal requirement. The policy financially protects the insured two-wheeler from third-party bodily injuries, death cover, permanent disability, and property damage cover up to Rs 1 lakh,
• Own Damage Cover:
• Protection against theft and burglary apart from several malicious human acts like riots, arson, vandalism, strikes, terrorism, etc., to name a few.
• Protection against a vast range of natural calamities like earthquakes, floods, and cyclones, among others.
• Personal Accident: The owner-driver is covered for Rs 15 Lakh in case of accidental death and permanent disabilities due to a road mishap

Reliance General Comprehensive Bike Insurance Benefits

The Reliance General Comprehensive Bike Insurance Policy comes with several benefits for its extensive coverage. Some of the significant benefits are:

• Provides the requisite legal and financial backup for any damage or loss caused to the vehicle and a third-party
• By choosing from an array of add-on options, the policyholder can further enhance the policy coverage
• The policyholder is rewarded with a No-Claim Bonus for every claim-free year for redemption at renewal. It ranges from 5% to 50%
• The policyholder is assured of a seamless claim experience through a responsive and robust claim settlement mechanism
• Easy video claims facility is available for the policyholders

What Is Not Covered Under Reliance General Comprehensive Bike Insurance?

Some of the common exclusions under this two wheeler insurance are given below:

• Wear and Tear: Every two-wheeler suffers regular wear and tear with usage. The policy does not cover for such depreciation of parts unless covered by the Zero Depreciation add-on.
• Illegal Acts: The policy does not cover any claims for damage or loss to the insured two-wheeler caused due to any illegal activity. It may even be riding without a valid driving license.
• Drink and Drive: Riding under the influence of intoxicants like alcohol and drugs excludes policy coverage.
• Other Exclusions: The policy does not cover mechanical and electrical failure. The exclusions also extend to driving beyond India’s geographical boundaries.