Reliance Home Insurance Overview
Reliance Home Insurance by Reliance General Insurance Company is one of the leading general insurance companies in India with various insurance solutions or plans. Its reputation and indisputable leadership is known to all. The insurance plan varies from health insurance plans, motor insurance plans,, marine insurance plans, travel insurance plans, and a host of other general insurance plans to cater to the requirements of insurance plans for several aspects of life. Reliance Home insurance plans have all encompassing Home Insurance Plans which protects the house in every possible way. The most precious and valuable possession is Home which a person makes with his or her hard earned money and for many this asset becomes the biggest investment of life and a dream home too. Hence, this home needs a very special security and safeguard against all the risks and hazards which might arise and cause destruction / loss/ damage to the property/ building or its contents due to gods peril or other threats which are created by human beings only like theft , robbery, house breaking etc. The most trustworthy name Reliance General Insurance Company with its , Householders Package Policy put forward such home insurance plan which covers all such risks and threats and gives a full coverage with complete peace of mind.
Reliance Home Insurance Claim Process:
Lets look at the claim process: The claim needs to be registered or intimated at the toll free number of the insurance company within 24 hours of the accident. The following details have to provided : Policy Number Name of the Policy holder. Nature of loss. Date of accident. Name and address of the attending Medical Practitioner. Name of the Insured Person in whose name the claim is lodged. The following claim documents will have to be submitted: Duly filed claim form. Police FIR /Charge Sheet ( notarized copy) Death Certificate in case of Death Claim Disability Certificate in case of Disability Claim Doctors prescription advising drugs and medicines. Doctors referral letter advising hospitalization. Original bills/ receipts and discharge certificate. Post Mortem Report. After verification and validation of the documents the claim will be processed. Grievance Redressal One can reach at the toll free number or email at [email protected]
[dot]com. If someone is not satisfied with the response, then one can email – Nodal Officer at [email protected]
[dot]com. The next level of escalation is one can email at Head Grievances at [email protected]
[dot]com. The last step will be the Insurance Ombudsman for further redressal.
Why one should avail Reliance Home insurance plans?
There are couples of reasons as to why one should avail Home Insurance Plans from Reliance Insurance Company; these can be summarized as follows: Home Insurance Plans covers the risk and related loss natural and manmade eventualities. The plans cover for cherished belongings and other valuables too. This plan provides full protection to the property and its contents as well. Plans come with low cost premium with rebates. Flexibility to choose between two plans : Amount of cover to be chosen first. Items to be covered under the plan. One can choose reinstatement value of a precious or valuable item. Fast and hassle free claims. Online query for applying the plan. Now lets have an overview of the Reliance Home Insurance Plan which is named as Householders Package Policy or Plan. The plan covers the following:
Important Points in Reliance Home Insurance Plan
Some Important points to note under Householders Package Policy or Plan. These are as follows: If the property is in joint name, the plan can be taken in either name. However, NOC ( No Objection Certificate) needs to be obtained from the co-owner during claims. The Property or the Building value is calculated on the reinstatement basis which is its reconstruction value and not the market value. The following points are to be considered for calculating the Sum Insured: The built up area of the house needs to be multiplied with the current construction cost per square foot. The cost of land to be excluded from the calculation of the Sum Insured. The cost of construction of any compound wall is to be taken into consideration. An example can be taken: Mr Rudra has a house with built up area of 1500 sq feet and the cost of current construction rate is Rs 1000 per square feet, then the sum insured will be Rs 1500000/-. The Property or the Building value is calculated on the reinstatement basis which is its reconstruction value and not the market value. The following points are to be considered for calculating the Sum Insured: If the house has been rented, the tenants also can insure the contents of the home which belongs to them. However, the plan will not cover the building against any loss as tenants are not the legal owners of the property or due to tenants negligence. In case the property is sold, the insurable interest ceases and the new owner will have to take fresh home insurance plans. Partial insurance is not allowed under the plan. One can do himself the valuation of the property and its contents while purchasing the plan online.
Reliance Home Insurance- FAQs
1. How to pay a premium? What are the modes of payment available? The Reliance General Insurance Company offers 2 modes of premium payment namely: Cash payment at the branch Online Payment For the online payment mode, the policyholder can pay via; Credit Card Debit Card using ATM PIN Debit card using 3 D secure Net banking 2. How can I check policy status for Reliance home insurance? You can check the policy status online, with username amd password in the Login tab, on the home page. 3. What is the policy renewal process for Reliancehome insurance? You can go for the online renewal on the website of the company. To renew the policy online you need to provide current policy details, such as policy number, Name, Vehicle registration number, e-mail address and contact details. Then you can have a premium calculation and if you proceed for the payment it will carry you to the payment gateways. As soon as you pay the premium, your policy is renewed. 4. What is the companys process to settle claim for Reliancehome insurance? To settle the claim you can intimate the company by filling a form online and uploading relevant documents. Upon successful acceptance of the process, the claims is settled with a week. 5. What is the policy cancellation process for Reliancehome insurance? Submit the policy documents with surrender form at the nearest branch. Upon successful proceeding, the refund is deposited directly in your bank account and the policy stand cancelled.