Your car needs more than just fuel and maintenance. A car insurance policy is a crucial factor which ensures the flawless upkeep of your precious vehicle. Reliance General car insurance plans are carefully designed to offer enhanced protection at affordable rates. Our key benefits include: - Vast Cashless Network of more than 3800 garages Instant Renewal without paperwork 24x7 Roadside Assistance* Comprehensive Vehicle Insurance Cover A Range of Add-on covers for enhanced protection
Comprehensive Damage Cover
You may already be aware that Third Party Liability Car Insurance is mandatory by 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 possible 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.
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 Nil Depreciation, Consumables, Engine Cover & Key Protect Cover.
How to choose the one that's best for you?
Now that you understand 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?
Even if you are an expert driver who maintains the car in top condition, safety is not guaranteed. At Reliance General Insurance, we endeavour to provide you with the best possible auto insurance coverage.
If you suffer damages caused due to any of following reasons, we've got you covered! Accident, Fire, Lightening, Self-Ignition, Explosion, Theft, Riot & Strikes and / or Malicious Acts, Terrorism, Earthquake, Flood, Cyclone, Inundation, Transit by Rail, Road, Air & Elevator, Landslide, Rockslide, Hailstorm, Frost, Tempest, Hurricane, Typhoon.
If you have never heard of Mortgage Insurance, it is time to come out from under the rock you have been living under. Mortgage Insurance is becoming increasingly popular in the Indian market. So what is it? Basically, mortgage Insurance guarantees repayment of a mortgage loan in the unfortunate event of the policy holder's death or disability. Usually 12 months is the tenure of payment of such mortgage insurance (although in some cases it may be higher). Further, the lender can protect his/ her loaned capital through the special type of insurance instrument. Private Mortgage Insurance and Mortgage Insurance Premium are the two types of specialized mortgage life insurance products.
Private Mortgage Insurance is a mortgage life insurance product that's designed to protect the borrower from the lender in case there is a default. This would generally cover a large portion of the capital borrowed. Private insurance companies offer this kind of insurance products.
Mortgage Insurance Premium is a mortgage life insurance product that protects the lender in case the borrower does not pay the amount because of some unfortunate event. These life insurance products are usually government insurance products.
In the Indian mortgage insurance market, you can choose between the following types of rates:
Fixed Mortgage Rate: This is when throughout the loan term, the rate of interest remains fixed. The market conditions do not affect the mortgage rates. This means that during the process of borrowing funds, the rate of interest will be fixed and will not be changed. This percentage can vary between 12.5 % and 25 %. Flexible Mortgage Rate: This is when the market movements affect the interest rate. This type of interest rate is called 'floating' or 'adjusting' rates. Flexible Mortgage Rate may be higher in risk than fixed Mortgage Rate.
Owning a home is made achievable: Mortgage Insurance makes the dream of owning a home possible for millions of people who are qualified as it helps them get mortgages with smaller down payments.
Protect investors and lenders: Lenders and investors are protected from losses in the event that the borrowers are unable to repay the mortgages.
Flexible payment options: Mortgage Insurance can be paid in more than one way. Borrowers have the flexibility of paying in multiple ways. There is the option of borrower-paid, lender-paid and split premium insurance plans.
You want peace of mind when you travel. You have got your passport, your shiny new camera, may be that awesome jacket or those fancy shoes. But aren't you forgetting something? Travel insurance is an important item and should be on top of your list. Presenting, International Travel Insurance for your kind of traveler who likes it stress free. Whether you are going solo or with family, to the snowy mountains of Switzerland or to the busy markets of Bangkok, we have got just the right travel insurance plans for you to chose from. If you travel more than once in a year, you can still insure your trips with our Annual Multi-trip travel insurance plan. Now go have fun and relax. Your vacation deserves that. We also offer an amazing Senior citizen Travel Insurance plan for travellers aged above 70 years.