Reliance General Insurance Company (RGICL) has unveiled an innovative car insurance product called ‘Reliance Limit Sure – Pay As You Drive.’ This dynamic insurance solution is designed to cater to the specific needs and driving patterns of customers, offering them greater flexibility in managing their vehicle-related expenses.
The ‘Reliance Limit Sure – Pay As You Drive’ policy is ideal for individuals who own vehicles with limited usage or those that are rarely driven. It empowers customers to customize their insurance coverage to align with their individual requirements.
Key Features of ‘Reliance Limit Sure – Pay As You Drive’ include:
- Customizable Kilometer Range: Customers can select their preferred kilometer range, starting at 2,500 kilometers, and adjust it in 1,000-kilometer increments. This flexibility allows policyholders to pay for coverage based on their actual usage.
- Comprehensive Coverage: The policy offers comprehensive coverage, including full third-party and own damage protection, similar to traditional car insurance.
- Kilometer Top-Up: In case customers run short on kilometers during the policy year, they can easily increase their mileage.
- Additional Third-Party Coverage: The product extends third-party coverage to include protection against fire and theft, even after the chosen kilometer plan is depleted.
One notable feature of the product is the ability to carry forward any unused kilometers into the subsequent policy year, resulting in a discount upon renewal. This feature ensures that customers gain added value for every saved kilometer, promoting cost efficiency.
Rakesh Jain, CEO of Reliance General Insurance Company, emphasized the significance of this innovative product, which meets the demand for protecting underused vehicles in the market. He described it as a “game-changer” that reshapes how car insurance adapts to dynamic needs, providing policyholders with the flexibility to pay based on their actual requirements.
The introduction of ‘Reliance Limit Sure – Pay As You Drive’ reflects Reliance General Insurance’s commitment to innovation and customer-centric solutions, allowing car owners to have more control over their insurance coverage and expenses. This dynamic and customizable car insurance product is expected to be a valuable addition to the market, particularly for those with underutilized vehicles and changing driving patterns.
