Reliance General Insurance Company Limited (RGICL) has unveiled ‘Reliance Limit Sure – Pay As You Drive’, a flexible approach to car insurance coverage valuing customers’ needs and consumption habits. In a statement, the insurer said this innovative offering will empower customers and give them complete control over their vehicle expenses, allowing them to tailor the policy to their specific needs.
Whether someone has a car that runs less or is driven infrequently, this policy is designed to accommodate their unique requirements.
‘Reliance Limit Sure – Pay As You Drive’ offers comprehensive coverage just as a traditional car insurance policy, giving complete third-party and Own Damage coverage, where customers can pick their desired kilometre slab, beginning at 2,500 kilometre and adjustable in 1,000-kilometer increments.
And if customers find themselves short on kilometres, one can easily top up the kilometres anytime during the policy year.
Furthermore, the product extends the Third-Party coverage to include protection against Fire and Theft even after the opted kilometer’s plan is exhausted. The insurer said that customers can roll over any unused kilometers to the following policy year for a discount on renewal. This may benefit individuals with multiple vehicles, addressing their specific needs and ensuring cost efficiency.
“We have engineered ‘Reliance Limit Sure Pay As You Drive’ as a new-age product that meets the latent demand of protecting underused vehicles in the market. Our dedication to innovation excellence shines through in this usage-based product, providing policyholders with the ultimate freedom to pay just as much as they need to,” said Rakesh Jain, CEO, Reliance General Insurance Company Limited.
Disclaimer: The above content is based on a press release by Reliance General Insurance. Please read the policy document carefully before buying any insurance plan.