Bajaj Allianz Two Wheeler Insurance
Bajaj Allianz General Insurance is a joint collab between Bajaj Finserv Limited and Allianz SE with the former holding 74% stakes and the latter holding 26% share. Bajaj Allianz has received iAAA rating from ICRA for eleven consecutive years which indicates the company’s high claim settling ability. Bajaj Allianz is committed to provide two-wheeler insurance solutions to keep your bikes secure and enjoy a sense of freedom while driving. The two wheeler Insurance policies by Bajaj Allianz offer complete protection against third party liabilities, theft, and physical/manmade disasters. Moreover, they also offer multi-year policies with term upto 3 years.
Types of Bike Insurance Policies
Comprehensive Bike Insurance Policy: In this type of coverage, the insurance covers both third party and own damage. You can avail this for complete protection of your bikes from accidents, natural and man-made disasters, injuries, bodily harms etc. You can avail additional protection through add-ons.
Third Party Liability: In this type of Insurance, only third parties involved in an accident are compensated. It is beneficial for the users as they indemnify the policyholder from legal obligations and covers the third party’s vehicle and injuries. According to Motor Act 1988, having a third party liability insurance is mandatory
Standalone Two Wheeler Insurance Policy: Standalone two wheeler policy is applicable for own damages like theft, accident, natural disasters. It can be combined with comprehensive cover or long-term two wheeler Insurance policy. However, a standalone policy cannot offer coverage for third parties.
Documents required for availing Two Wheeler Insurance Policy
- Proof of Identity (Ration Card/Voter iD/Aadhar Card/Passport)
- RC of your bike
- Proof of address
Add-ons available for Bajaj Allianz Two Wheeler Insurance Policy
Bajaj Allianz offers a range of add-ons that you can add to your Comprehensive cover for enhanced protection. These Add-on covers are framed keeping in mind the multiple possibilities that you may encounter while driving,
- Zero Depreciation Cover
- NCB Protection
- Roadside Assistance Cover
- Engine Protection Cover
- Consumable Expenses
- Personal Accident Cover for Pillion Riders
Features and Benefits of Bajaj Allianz Two Wheeler Insurance
Cashless Claim – Bajaj Allianz offers cashless claims on damage repair at partner garages following an accident. They have partnered with several garages all over the country. You can get your vehicles repaired without spending a penny out of your hand
24*7 Roadside Assistance – Many two-wheeler riders commute long distance very often. Getting struck at place with no help nearby is a frightening aspect worrying most bike commuters. With roadside assistance add-on, you can forget the worries as they come to your aid in the event of electrical/mechanical breakdown, flat tyre, towing, and fuel assistance
Long Term Cover – Bajaj Allianz offers you comprehensive cover for upto three years. Third party cover keeps increasing by 20% every year. By opting for long-term cover, you can save more on your premiums
Easy Purchase and Renewals – You no longer need to walk to an insurance company to buy a policy for your bikes. Buy/renew your policy from the comfort of your homes easily.
Seamless Claim Settling – You can get a claim settlement up to Rs. 10000 within 20 minutes of claim submission. Bajaj Allianz is known for their impeccable claim settlement services
Renew without inspection – With their Mobile app, users can renew their existing bike insurance plan by self-attesting the vehicle condition and uploading the photos
Customer Support – Bajaj Allianz offers round the clock support through channels like phone, email, and chat. Got any query? Feel free to contact them anytime
Exclusions in the Two-Wheeler Insurance policy
- Wear and Tear of Vehicle
- Drunken Driving
- Driving under the influence of drugs
- War or Nuclear activity
- Driving without a valid license
- Using the vehicle for carrying out illegal activities
How to Raise a Claim?
It is advisable to register a claim as soon as possible following an accident.
1.Visit the website of Bajaj Allianz and register your claim online
2.Contact them at 1800-209-5858
3.Keep the following documents ready;
- Engine and Chasis number of your vehicle
- Date and Time of Accident
- Location of the accident and a description about it
- Address for inspection of the vehicle
- Kilometers reading in the vehicle
- FIR in the event of a theft
4. Get your vehicle to the network garage
5. Submit all the necessary documents to the insurer
Spot settlement can be availed through Bajaj Allianz Mobile Statement Service for minor damages. Also, do remember to leave your bike for repairs in a network garage for cashless claim purposes. However, policyholder must bear the depreciation value and excess amount mentioned in the policy, salvage value etc, and other things the surveyor has informed.
