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Bajaj Allianz Car Insurance
- Zero Depreciation Car Insurance
Bajaj Allianz Zero Depreciation Car Insurance
Buying Bajaj Allianz zero depreciation car insurance along with standard car insurance policy is highly beneficial for policyholders as it provides them with complete coverage on the car and its parts. With this add-on, Bajaj Allianz General Insurance Company will pay the entire cost of car parts replacement/repairs without considering depreciation.
Benefits of Bajaj Allianz Zero Depreciation Insurance
Opting for Bajaj nil depreciation add-on along with your comprehensive or own-damage vehicle insurance offers the following advantages:
- Reduced Financial Liability: Opting for a zero dep add-on with car insurance prevents a car owner from incurring out-of-pocket expenses during claim settlement as the Bajaj Allianz General Insurance Company covers the depreciation costs borne by the insured car and its parts.
- Higher Claim Amounts: Under a nil dep motor insurance policy, maximum compensation of the claim amount is provided to the insured without involving depreciation costs.
- Affordable Premium: The premium of a zero depreciation add-on is cost-effective. You can get your car fully protected with this cover by paying a slightly higher amount than your existing car insurance policy premium.
How to Buy Bajaj Allianz Zero Depreciation Add-on Cover?
To buy car insurance online with a nil dep add-on, you need to follow these steps:
- Navigate to the ‘Car Insurance' section on Policybazaar.com.
- On the given form, enter your car number and proceed further to check policy details and prices.
- Now select your vehicle details such as RTO, make, model, fuel type, variant, and registration year and fill in the proposal form.
- Now you will see multiple car insurance policies listed on the page, where you need to select Bajaj Allianz car insurance.
- Under 'Add-ons', select 'Zero Depreciation' to see the updated premium of your four-wheeler insurance.
- You may choose to pay the premium amount online via cards, net banking, or UPI.
- Once your payment is confirmed, you will get your zero dep car insurance policy at your registered email address.
Bajaj Allianz Zero Depreciation Car Insurance Claim Process
Raising a claim under your Bajaj Allianz zero depreciation car insurance is a smooth process and involves the following steps:
- Visit your insurer's official website or call their claim assistance team to initiate the claim.
- You will be required to provide details about the incident and vehicle damages.
- Your insurance company will now appoint a surveyor for vehicle inspection and cost estimation for repairing damages.
- After the inspection, your car will be sent for repairs/part replacement to one of the authorised garages of Bajaj Allianz General Insurance.
- After part repairs and replacement, your insurer directly settles the claim with the garage.
- The insurance company pays the entire amount without deducting depreciation since you have a nil dep add-on.
Documents Required for a Bajaj Allianz Zero Depreciation Car Insurance Claim
The following documents are needed to raise a claim under your zero depreciation vehicle insurance policy:
- Duly filled and signed claim form
- Copy of your vehicle insurance policy
- Car's registration certificate and tax receipt
- Valid driving licence of the owner/driver
- Police panchanama/FIR (in the event of TP property damage/death/bodily injury)
- Vehicle repair estimates
- Bills and payment receipts after repairs
- Claims discharge-cum-satisfaction voucher
FAQs
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Q1. Can I opt for a nil depreciation add-on with a third-party car insurance policy?
Ans: No. A zero depreciation or nil depreciation add-on can only be purchased with comprehensive or own damage insurance. -
Q2. How many times can I raise a claim under my zero dep motor insurance policy?
Ans: With a Bajaj Allianz nil depreciation add-on, you can raise claims up to 2 times during the policy tenure. -
Q3. What is excluded from Bajaj Allianz zero dep car insurance coverage?
Ans: Damages caused to the insured vehicle as a result of situations like driving the vehicle under the influence of drugs/alcohol or without a valid driving licence, usual wear & tear of the insured vehicle, as well as any damage caused during war, mutiny & nuclear risk are not covered under a nil depreciation cover. -
Q4. Are tyres covered under zero depreciation four-wheeler insurance?
Ans: No. A ‘nil depreciation’ add-on doesn’t cover tyre damages. ‘Tyre Protector’ is a separate add-on that you can opt for with your comprehensive or own damage car insurance policy to cover the cost of repairing or replacing accidentally lost, damaged or cut tyres.
Car zero Depreciation Insurers
Chola MS Zero Depreciation Car Insurance
Digit Zero Depreciation Car Insurance
Future Generali Zero Depreciation Car Insurance
HDFC Ergo Zero Depreciation Car Insurance
ICICI Lombard Zero Depreciation Car Insurance
IFFCO Tokio Zero Depreciation Car Insurance
Liberty Zero Depreciation Car Insurance
Magma HDI Zero Depreciation Car Insurance
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Car insurance companies
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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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.