Add-ons Available to Enhance Coverage in Reliance Maruti Insurance
You can choose the following add-on riders to expand your comprehensive car insurance coverage:
The cost of depreciation is usually deducted from the Insured Declared Value (IDV) for covering replacement costs in a car insurance policy. But with nil depreciation or bumper-to-bumper cover, you can get the full replacement value without the deduction of depreciation.
When your vehicle gets damaged, you also incur the cost of using consumables, which is not covered in the base policy. Hence, if the repair involves replacing the lubricant oil, nuts, bolts, coolant, etc., you must pay the cost out of your pocket. A consumables add-on cover helps you manage such costs.
Sometimes, an accidental impact leads to water ingression or leakage of lubricant oil in the engine. Such spillage affects the working condition of the engine and gearbox. In such cases, an engine protection cover financially assists you in repairing the engine components.
Vehicle repair work can often take a lot of time. With an EMI protection cover, you need not worry about delays as the insurance company covers up to three EMIs. The rider becomes active if your car is retained for repairs at an authorised cashless garage for more than 21 days.
No Claims Bonus or NCB is the reward you earn in the form of premium discounts for not filing insurance claims. However, your accumulated NCB drops to zero even if you make a single claim. With an NCB retention cover, you can retain your accrued NCB benefits despite filing a claim.
Suppose your car repair work takes more than three days in the authorised cashless garage. In such a case, you cannot use your Maruti Suzuki car during this period. Here, a daily benefit allowance comes in handy. The rider covers the cost of daily commutation until the car is returned from the garage.
Insurance companies consider the IDV to determine the maximum compensation amount you can get (minus depreciation) in case of total loss or irreparable damage. The return to invoice rider does not factor in depreciation, allowing you to receive compensation as per the original invoice value.
At Reliance General Insurance, we offer an extensive list of add-on riders for complete coverage. To know more about them, you can get in touch with one of our representatives.
Reasons to Invest in Maruti Car Insurance
Investing in Maruti auto Insurance is a must due to the following reasons:
Fulfilment of Legal Requirement
It is compulsory to get a minimum coverage of at least third-party liability under the Motor Insurance Act of 1988. Driving without a valid car insurance plan attracts a fine of ₹2,000 and/or imprisonment of up to three months, or both, under India’s road safety laws. In case of a repeated offence, the fine amount increases to ₹4,000, as does the jail term. Your license may also be cancelled.
If your car causes damages to a third-party and their vehicle/property, you incur significant costs. Additionally, if the accident causes bodily injuries to you and the third-party, you become financially liable to bear their expenses. Such costs can leave a significant dent in your savings. With automobile insurance, you can avoid the hefty financial burden and save your money.
Saves Time on Repairs/Replacement
Dealing with the aftermath of an accident can become tedious, stressful, and time-consuming. Taking your car to the nearest garage in its damaged condition or settling the losses caused to the third-party can be a hassle. But if you have car insurance, you need not worry. You can take your car to the nearest garage in our network, and get your car repaired quickly.
Keeps You Financially Prepared
The main purpose of getting your Maruti car insured is to financially prepare yourself from unexpected events, as you can never predict the extent of losses or damages. In some instances like vehicle damage or destruction due to fire, you may also incur irreparable damages, causing you to purchase a new car. In such cases, having a car insurance policy helps in financing the replacement.
Get Through Mishaps Conveniently
Besides offering financial aid, insurers also focus on helping you get through the mishap conveniently. They make it easier to access cashless garages with an insurance app. For example, Reliance General Insurance has a Self-i app, which you can use to quickly locate cashless garages near the accident site. The facility is incredibly convenient and easy to avail.
Benefits of Buying Maruti Car Insurance from Reliance General Insurance
You can enjoy the following benefits if you buy Maruti four-wheeler insurance from Reliance General Insurance:
Wide Cashless Garage Network
With a wide network of 8500+ cashless garages, you never have to worry about clearing the garage bills. In case of accidents, you can take your car to a nearby cashless garage within our extensive network. You can relax while we directly settle the bills with the network garage. You can also locate the network garages easily with the quick locator feature on the Reliance Self-i app.
The Optical Character Recognition (OCR) powered Reliance Self-i app makes buying, renewing, and the claim-filing process simpler than ever. You can provide your details and scan your documents on the app and Reliance website to process your buying, Maruti insurance renewal, or claim request within minutes. The digital process makes it easy to access insurance services anywhere, anytime.
You can get the best offers on the Maruti insurance price from Reliance General Insurance. You can reduce your costs further by utilising the NCB Benefits. Plus, you can also enjoy discounts on your insurance premium by installing anti-theft systems, becoming a member of the Automobile Association of India (AAI) and choosing a higher voluntary deductible, among other things.
Reliance General Insurance ensures you have a hassle-free claim-filing experience. Whether you want to file a cashless claim or choose the reimbursement model, you can use the Reliance Self-i app to upload a self-inspection video. Doing so saves time taken for a surveyor to visit the accident spot and prepare a report of the event.
Reliance General Insurance provides extensive coverage options to customise your Maruti Suzuki car insurance policy. You can opt for a comprehensive insurance plan and select optional add-on riders. The wide array of riders lets you extend your coverage. However, each addition increases the Maruti car insurance price. Hence, you must select riders wisely based on your budget and affordability.
Looking for a car insurance plan offering all-encompassing coverage? Your search ends with comprehensive car insurance policies offered by Reliance General Insurance.
Steps to File a Claim Under Maruti Car Insurance Policy
At Reliance General Insurance, we accept both cashless and reimbursement claims. Here are the steps you need to follow in case of a
- Gather evidence in the form of eye witness accounts, videos of the accident site, third-party vehicles involved in the accident, etc.
- File a First Information Report (FIR) at your nearest police station, obtain its copy and then inform us (typically within 24 hours of the incident) about your intention to file a claim.
- Take your vehicle to your preferred garage and get it repaired. At this time, you must pay for the repair costs from your own pockets.
- You can now raise your claim by filling the claim form and submitting the necessary documents, like the original invoices and copies of your insurance policy, driver’s license, etc.
- We will not evaluate your claim. Upon successfully verifying your claim and based on your insurance coverage, we will compensate you and the third-party, as per the policy’s terms.
You must follow the below steps if you choose to file a cashless repair claim.
- Gather evidence like eye witness accounts, third-parties involved in the accident, etc. and upload it the Reliance Self-i app. Alternatively, you can wait for our surveyor to check the site.
- File an FIR and obtain its copy to submit with your insurance documents. Also, inform us (typically within 24 hours of the incident) about your intention to file a claim.
- Take your vehicle for repairs to the nearest cashless garage in our network. With this facility, you do not have to make an up-front payment to the garage mechanic.
- Our network garage partners will repair your vehicle. During this time, you must fill out the claim form and submit the necessary documents so we can approve the claim.
- Once your vehicle is repaired, you can collect it from the garage. Reliance General Insurance settles the bill with the garage. You only have to pay if the repair cost exceeds the sum insured.
Now you can drive your Maruti Suzuki Car in foreign lands with a valid international driving permit Ensure you also buy a suitable travel insurance plan for such trips from Reliance General Insurance.
Maruti Insurance Renewal Procedure
You can renew your Maruti Suzuki car insurance with the following steps:
Step 1: Visit the Reliance General Insurance Site
On the Reliance General Insurance website, you can select Maruti Car Insurance under the ‘Car Insurance’ category. On the redirected page, you can specify that you already have an existing policy with Reliance in the box on the left-hand side.
Step 2: Enter Policy Details
Once done, you can enter your policy number or registered mobile number and click on the ‘Renew My Policy’ option. You will find the policy number on the policy document. On the next page, you can submit details like your name, email, policy expiry, previous claim details, etc.
Step 3: Review & Modify the Policy
Upon providing the relevant information, you will get a summary of your policy. Maruti insurance renewal is the perfect time to modify your insurance plan based on your experience throughout the policy period. So, take your time to review the details and modify your choices if required.
Step 4: MakePremium Payment
Once you are satisfied with the terms, you can complete the renewal process. If the premium amount is correct as per the coverage terms, click on the ‘Pay’ tab to make an online premium payment. You may also use your accumulated NCB to avail yourself of a discount on premium during renewal.
Step 5: Receive Renewed Policy Copy
After processing your payment, the insurance company will send a digital or electronic copy of your renewed car insurance policy document to your emailID. You can take a printout of the same to carry with you while driving. You can also upload the policy details on the DigiLocker app for convenience.
Factors Impacting Maruti Car Insurance Prices or Premium Costs
At Reliance General Insurance, we take several factors into account while determining the insurance premiums you need to pay. They typically include the following:
- The make, model, age, and brand of your car.
- The type of insurance policy you choose and the extent of coverage under the policy.
- The number of add-on riders you choose, in case of a comprehensive car insurance policy.
- The modifications or changes made at the time of policy renewal.
- The discounts or NCB benefits applicable to your policy.
- The Car’s Insured Declared Value (IDV); i.e., the maximum compensation you can get.
Note that choosing a higher IDV may cost you a higher premium but it translates to a higher compensation if your car is stolen beyond traceability or totally damaged.
Things to Remember About Car Insurance Renewal
Maruti insurance renewal on time is important to avoid your policy from lapsing. If for any reason, you miss out on renewing the policy before the stipulated due date, you have to chance to revive it within a grace period of 90 days. It is best to renew the policy before the grace period ends so ensure you do not miss it.
Renewing the policy on time prevents you from buying a brand new one or losing your accumulated benefits. Insurers typically send you reminders before your policy is due for renewal so ensure you pay attention to them. It also helps to keep your policy and other necessary documents handy to complete the renewal process smoothly.
Reliance Car Insurance Plans Best Suited for Maruti Car
Reliance Car Insurance Plans are available for different Maruti car models, including:
Besides your Maruti Suzuki Car, you can easily buy and renew insurance for your two-wheelers as well. Visit Reliance General Insurance to choose from a host of