Bajaj Allianz Comprehensive Bike Insurance

Bajaj Allianz Comprehensive Bike Insurance: An Overview

Riding a vehicle without valid motor insurance is a crime and punishable offence in India. The owner of a two-wheeler is liable to pay a heavy penalty, if he rides the vehicle without bike insurance. A comprehensive bike insurance Bajaj Allianz policy will provide a bike owner with an extensive coverage for any kind of unforeseen events. It is a combination of third-party liability insurance and own-damage cover.

Bajaj Allianz Comprehensive Bike Insurance Vs Third-Party Bike Insurance (Difference Table)

Scope of Cover Under Bajaj Allianz Comprehensive Bike Insurance Plan

1. Own Damage cover

   Any damage or loss by accident to a two-wheeler due to any of the following:

   • Fire, explosion, lightning, or vehicle self-ignition;
   • Theft or burglary;
   • Fire/shock damage due to earthquakes
   • Strike or riots;
   • Flood, typhoon, hurricane, storm, hailstorm, cyclone, frost, landslides etc.;
   • Any malicious act or external means;
   • Any terrorist activity;
   • Whilst in transit by road, rail, inland waterway, air or in lifts;

2. Third Party Liabilities

   Any liability arising legally out of bodily injury to third parties and/or property damage caused due to an accident by the insured bike.

3. Personal Accident Cover

   In case of the death of the owner-driver or his permanent total disability arising out of an accident while traveling on the two-wheeler, a specified Sum Insured shall be paid to the insured or the nominee.

Exclusions of Bajaj Allianz Comprehensive Bike Insurance Plan

The policy becomes null and void in case of the following situations:

• A loss or damage arising out of the bike not being operated as per the policy specific usage limitations;
• A loss or damage caused outside the geographical area;
• Any consequential loss;
• Any contractual liability claim;

Bajaj Allianz Comprehensive Bike Insurance Benefits

A comprehensive bike insurance plan Bajaj Allianz provides several benefits to two-wheeler owners:

• Third-party Death & Injury: In case the two-wheeler meets with an accident and consequently, damages any property or injures a third person, fatally or otherwise, the costs arising out of the same will be covered under Bajaj Allianz own damage bike insurance policy.
• Protection against Damage Due to Accidents: A comprehensive insurance policy covers all expenses pertaining to restoring one’s two-wheeler to a working condition.
• Protection against Injuries: In case the two-wheeler rider suffers injuries due to an accident, all medical expenses will be covered under Bajaj Allianz Comprehensive Bike Insurance.
• Protection against Death: In case the two-wheeler rider dies due to an accident caused while riding it, Bajaj Allianz Comprehensive Bike Insurance Policy will ensure that the family members of the deceased are suitably compensated.

Bajaj Allianz Comprehensive Bike Insurance FAQs