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Bajaj Allianz Car Insurance
Bajaj Allianz car insurance allows you to cover your four-wheeler in case of unforeseen emergencies like accidents, theft, fire and more. This policy by Bajaj Allianz General Insurance Company offers customised insurance solutions along with a customer-oriented approach.
About Bajaj Allianz General Insurance Company
Bajaj Allianz General Insurance Co. Ltd is a joint venture between Bajaj Finserv Limited and the world's leading insurer, Allianz SE. Bajaj Allianz car insurance has a presence in different cities across India. The insurer is known to provide pan India service to its customers along with digitally-enabled car insurance purchase and renewal.
Bajaj Allianz General Insurance Company has been a leader in the motor insurance market with world-class products, efficient service, and after-sales support. The company has been offering various types of economical insurance plans to car owners in India.
Key Features of Bajaj Allianz Car Insurance
| Features | Coverage and Benefits |
| Third-Party Coverage | Yes |
| Claim Settlement Ratio | 98.5% |
| Personal Accident Insurance | Up to 15 Lakhs |
| Network Garages | 4,000 |
| No Claim Bonus | Yes |
| No. of Zero Dep Claims | 2 |
| No. of Comprehensive Claims | Unlimited |
Benefits of Bajaj Allianz Car Insurance Plans
The features and benefits of Bajaj Allianz motor insurance plans are listed below:
- Policyholders can avail an Early Bird discount if they purchase or renew their policy from Policybazaar.com. This discount is only valid for a limited period.
- Car repairing assistance at 4000 network garages where a policyholder can get cashless claim settlement
- Tracking and monitoring of the vehicle with Bajaj Allianz Drive Smart Service.
- A policyholder can also transfer his/her No-Claim Bonus from a previous motor insurance policy to Bajaj car insurance.
- Bajaj Allianz car insurance plans also offer Personal Accident Cover to the policyholders.
Types of Bajaj Allianz Car Insurance Policy
The Bajaj Allianz General Insurance Co. Ltd issues three types of car insurance plans that are described below:
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Third-Party Car Insurance Policy
A third-party liability-only plan by Bajaj Allianz General Insurance Company covers a policyholder against third-party property damage, bodily injury and death of the third party. This policy excludes covering damages sustained by the insured car.
The coverage offered in case of third-party property damage is limited to up to Rs. 7.5 Lakh, while for death, the compensation can be unlimited.
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Standalone Own Damage Insurance Policy
Bajaj Allianz Standalone Own Damage motor insurance plan covers the insured car against damages arising due to unanticipated events like a road accident, theft, fire, natural calamities, etc. A policyholder can opt for a standalone car insurance plan along with an existing third-party liability plan.
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Package Car Insurance
A package or comprehensive car insurance policy offers protection to the insured car against theft, collision and accidental damage. It also includes damages resulting from fire, earthquake, floods, etc. It also covers accidental third-party liabilities due to the insured vehicle.
A comprehensive car insurance policy can also be enhanced by purchasing add-on covers at an extra premium.
Bajaj Allianz Car Insurance Premium Calculator
Using the Bajaj Allianz car insurance premium calculator, you can easily get the estimated amount of insurance premium charged for your preferred car insurance policy. It is advisable to use this tool before zeroing down on a car insurance plan. This will give you a fair idea about the premium that you will pay.
Coverage Under Bajaj Allianz Car Insurance
- Man Made Calamities: Loss or damage to the insured car resulting from manmade calamities such as strikes, riots, etc.
- Natural Calamities: Damages resulting from floods, earthquakes, cyclones, hurricanes, inundation, landslides, etc. are covered under your car insurance plan.
- Third-Party Legal Liability: Any legal liabilities arising due to accidental loss or damage caused to third-party property, vehicle or person, including accidental death or injuries.
- Theft: Damages sustained by the insured car due to theft, housebreaking or burglary.
- In-transit Damages: Any car damage that has taken place while in transit by rail, road, air, inland waterway, lift or elevator.
- Fire: Damages to the insured car due to fire, explosion, self-ignition and lightning are also covered in the Bajaj Allianz car insurance plan.
- Contractual Liability: Claims arising out of contractual liabilities involving the insured car are not covered under the Bajaj Allianz vehicle insurance plan.
- Consequential Losses: The insurance company will not cover any consequential loss of the car under its car insurance plans.
- Depreciation: Regular wear and tear resulting in the depreciation of car body parts are also excluded.
- Drunk Driving: Damages sustained by the insured car if the driver was under the influence of alcohol are not covered.
- Invalid Driving Licence: No cover will be provided if the driver was driving without a valid driving licence.
- Breakdown: Damages arising due to mechanical or electrical breakdown of the car are not covered.
- Used for Other Purpose: If a private insured car is being used for commercial purposes, the damages sustained will not be covered.
Bajaj Allianz Car Insurance: Add-ons
Personal Baggage Cover
In the event of any loss or damage caused to the personal belongings that are kept in the car, the Personal Belongings cover will reimburse the losses incurred.
By purchasing this add-on, you can get compensated for loss of personal belongings like laptop, cellphones, vehicle documents, etc., present in the insured car.
24x7 Spot Assistance
Under roadside assistance cover, emergency roadside assistance is provided to insured cars all over India.
It includes assistance in the event of car battery damage, flat tire, breakdown due to an accident and similar circumstances.
Pay as You Consume Cover
Under the Bajaj Pay as you consume cover, the insurer will offer a lower premium based on the chosen kilometre slab. Damages to the insured car will be covered only up to the chosen limit.
The annual driving slab offered under this add-on includes 3,000, 5,000, 7500, 10,000, 12500 and 15,000 kilometres. If a policyholder is about to exceed the chosen limit, he/she can recharge by paying an additional amount
Lock And Key Replacement Cover
If the car keys are lost or left inside the car, assistance will be provided to recover the same under key replacement add-on cover.
The cost of new keys and locks are included under this add-on.
Consumables Expenses
Under consumables add-on cover, the insurance company will compensate the expenses incurred in replacing or repairing the damages sustained by the car’s consumables.
These include engine oil, coolant, brake oil, gearbox oil and other consumables.
Zero Depreciation Cover
Under the zero depreciation add-on cover, the insurance company will compensate for the depreciation borne by the insured car during claim registration.
Thus, in the event of a claim, a policyholder will receive the full value of the insured car and its spare parts.
Engine Protector Cover
The Engine Protector add-on will cover the expenses incurred in replacing or repairing the engine of the insured car.
Damages to the engine or gearbox due to oil leakage, water ingression, and more are covered under this add-on
How to Renew a Bajaj Allianz Car Insurance Policy?
Bajaj Allianz car insurance renewal can be easily done online. Take a look at the steps for Bajaj car insurance renewal online below:
- Visit the Car Insurance from the homepage on Policybazaar.com.
- Enter the car number on the given form and select “View Instant Quotes”
- Fill in the required details and select view prices
- Select the policy expiry date and previous claim details.
- From the mentioned plans, find the Bajaj Allianz car insurance plan you want to renew. You can also view policy details.
- Include the add-ons you want to add to your plan.
- Select the NCB discount of your existing policy
- Fill out the proposal form and verify the details.
- Once the details are verified, select summary and payment.
- After the premium verification, make a payment.
- As soon as the payment is received, your Bajaj Allianz car insurance renewal will be complete.
- Your Bajaj Allianz car insurance renewal online papers will be sent to you at your registered email.
How to File a Claim Under Bajaj Allianz Car Insurance?
You can file a claim under Bajaj Allianz car insurance by following these steps:
1
Inform the Insurer:
Immediately inform Bajaj Allianz General Insurance Company about the incident so that they can register a claim as soon as possible. You can register the claim online, over email or by contacting their toll-free number.
2
Show Documents
Fill out the claim registration form and upload all the required documents. Make sure to keep all the relevant documents handy.
3
Car Inspection
Once the claim has been registered, a surveyor from Bajaj Allianz car insurance will inspect your car and estimate the damages incurred.
4
Claim Processed
Once the inspection is done, the car will be repaired, and the Bajaj Allianz car insurance team will make the payment for the car damage repair to the bajaj network garage. If the repairs have been done at a non-network garage, you can pay the bill, and the insurance company will reimburse you for the repair amount later.
Documents Required to Raise a Claim Under Bajaj Allianz Car Insurance
Keep the following documents handy while registering a Bajaj car insurance claim-
- Copy of Police FIR
- Duly signed claim form
- Proof of the car insurance policy
- Copy of valid driving licence
- Estimate bill for repairs
- Repair bills and payment receipts
- Copy of Registration Certificate
- Claims discharge signed across a revenue stamp
Car Insurance for Popular Brands in India
FAQs
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Q1. Why should I buy a Bajaj Allianz car insurance policy?
Ans: Buying car insurance is extremely necessary as it offers protection against three types of unfortunate events like third-party liability, personal accident and damage to own car. Moreover, as per Indian Motor Laws, it is mandatory to have at least third-party insurance to legally cover your car. -
Q2. Can I purchase the Bajaj Allianz car insurance policy online?
Ans: Yes, Bajaj Allianz General Insurance Company allows you to purchase car insurance online. It also provides you with different options for online payment like debit or credit card or internet banking. -
Q3. Can I renew my existing Bajaj Allianz Car Insurance online?
Ans: Yes, you can renew Bajaj 4-wheeler insurance online. All you need to do is log on to Policybazaar.com, enter your car number and some car details, choose your plan and make the final payment. -
Q4. In how much time does a Bajaj Allianz Car Insurance claim get settled?
Ans: The claim settlement procedure of Bajaj Allianz Car Insurance is very easy and quick. It usually takes only 3 business days to settle the claim. The company also promises to settle all types of claims within 7 business days. -
Q5. Does Bajaj Allianz car insurance offer any discount on purchasing a car insurance policy?
Ans: Yes, Bajaj Allianz car insurance offers the following types of discounts to its customers:
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Q6. Can I transfer my No Claim Bonus (NCB) discount?
Ans: Yes, you can transfer the NCB of your previous car insurance to your newly purchased Bajaj Allianz car insurance. Just inform the insurer about your NCB while buying/renewing the policy. -
Q7. What is a No Claim Bonus in car insurance?
Ans: No Claim Bonus is a reward granted to the policyholder for all claim-free years. It is a discount on the car insurance premium that is provided to the insured at the time of policy renewal. NCB can be accumulated up to 50% after five consecutive claim-free years. -
Q8. Will I need any documents for Bajaj Allianz insurance renewal?
Ans: No, you will not need any documents if you renew your Bajaj Allianz motor insurance policy online from Policybazaar.com. In case of an offline car insurance renewal, you may need to produce certain documents to the insurer or agent. -
Q9. What do you mean by compulsory deductibles?
Ans: Compulsory deductibles are the amount that the policyholder needs to pay from his/her own pocket during claim settlement. For instance, suppose a compulsory deductible of Rs 2,000 is applicable on all claims.
In the event of an accident, if the cost of repair comes up to Rs. 10,000, then the insurance company will pay Rs. 8,000, and the remaining amount of Rs. 2,000, which is the deductible, will be paid by the policyholder.
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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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