Bajaj Allianz Car Insurance: In 2001, Bajaj Allianz General Insurance Company Limited was established as a joint venture between Allianz and Bajaj FinServ Limited. It expanded its services rapidly across the country. And now it is a well-known company in the country Since its inception, the organization has experienced substantial expansion and still maintains great relevance in the market.
Due to consistently high claim paying capacity, over a period of 12 years, the Union has achieved an IAAA rating from ICRA. Offering best-in-class products, digitally enhanced processes, efficient after-market support, and effective national service, Bajaj Allianz has become the first priority in the automobile insurance market.
Read the whole article till the end to know more about the Bajaj Allianz Car Insurance Plans.
Bajaj Allianz Car Insurance Plans with its Features and Benefits
Certainly, Bajaj Allianz Car Insurance can be considered an ideal choice for your needs, and some of the important reasons for the same are as follows:
- “A simple way to purchase new auto insurance or update your existing policy with minimal hassle.”
- “Advanced processes happen digitally efficiently.”
- Comprehensive insurance provides comprehensive protection against misfortune, theft, earthquake, flood, and artificial and natural calamities.
- The third-party insurance plan has a maximum coverage of Rs 750,000.
- There is access to 24-hour customer support and emergency roadside assistance.
- There is a vast network of over 4,000 accredited garages for vehicle repairs.
- Insurance claims are settled in a quick and hassle-free cashless manner.
- Enjoy a range of optional add-on features to customize your coverage based on your needs.
- Get assistance with your claims via email, SMS, or phone.
- All processes are available digitally for your convenience.
- You can transfer up to 50% of the no-claim bonus from your previous policy to the new policy.
- There is a dedicated customer support service to keep you well-informed and updated regarding your insurance policy and claims.
Bajaj Car Insurance Policy Will Cover ?
- Natural reasons: Anything is categorized as a natural disaster, such as sliding plateaus, landslides, lightning, storms, cyclones, earthquakes, fire, and such uncontrolled natural phenomena.
- Artificial reasons: Loss or damage caused by incidents like strikes, terrorist acts, deliberate malicious actions, theft, accidents caused by external factors or theft, etc.
- Personal accident cover: Insurance coverage is provided to protect the owner/driver from accidents and unexpected events. For added protection, you also have the option of getting additional accident coverage.
- Third-party liability: Insurance coverage is provided to any person or vehicle that may suffer sudden damage or loss caused by a third party, be it the person or the vehicle.
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What will be Add-on Coverage ?
Bajaj provides comprehensive and complete protection by offering a comprehensive and scalable range of add-on coverage. You have the freedom to choose the ‘add-on’ that you like the most. Here are some additional options that Bajaj Allianz offers.
Zero Depreciation
The zero-depreciation add-on cover is included in a comprehensive car insurance policy, wherein the insurance provider covers the full cost of repairing your vehicle without subtracting any depreciation.
Engine Protector
The Engine Protection add-on provides coverage for problems that may arise after an engine-related accident, such as hydrostatic lock, oil leakage, water ingress, and other issues.
24/7 Spot Assistance
If you’re experiencing technical difficulties, need to resolve battery issues, need to replace a punctured tire, or need to resolve general mechanical or electrical issues, you don’t need to worry. Get in touch with the Bajaj team, available to serve you in just a click or a few clicks. They are present in any area of India and ready to provide help in 24 hours.
Key and Lock Replacement
“This cover can be of special use for people who are forgetful and often lose their keys.”
Consumable Expenses
Typically, items such as bolts, nuts, and similar consumables are not covered in standard policies. However, this additional coverage extends to consumables, regardless of their size.
Personal Baggage
In case of disintegration or theft, this additional coverage guarantees you that if any theft occurs from the interior items of your vehicle, you will be protected.
Conveyance Benefit
The Conveyance add-on ensures that when your car is parked in the garage, you receive ‘daily’ cash for your daily commute.
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Documents Required for Bajaj Allianz Car Insurance
To give the final touches, you only need a few essential documents to complete the process smoothly.
- Vehicle-related details, such as model name, model number, registration number, and other details.
- Certificate of vehicle registration.
- Valid driver’s license.
- Documents showing tax receipts.
- Certificate related to insurance coverage.
- banking information.
- Proof of identity and address, which may include a government-issued photo ID.
- Current passport-size photograph.
How to Apply Online for Bajaj Allianz Car Insurance ?
- Visit the Bajaj Allianz official website and click on ‘quick quote’.
- You have to enter some basic details like your name, contact number, any existing Bajaj Allianz policy, car makes, models, variants, registration number, registration date, etc.
- Click on ‘Get Quote’.
- You will see details appear on your screen, then lick on Continue to payment.
How To Renew Bajaj Allianz Car Insurance ?
It is important to update your policy timely to avoid it from lapsing, and this unexpected situation. You can update your policy by visiting the official website.
- Click on ‘Renew‘ and then under Car Insurance click on ‘Renew Now’.
- Enter some basic details such as the existing policy number and registration number.
- Check the No Claim Bonus you are entitled to
- Select the price of your vehicle and any add-ons if desired
- Review all details make changes if necessary and make payments online
- Within moments, your policy will be in your inbox.
Bajaj Allianz Car Insurance Premium Calculation
Before purchasing a car insurance plan with Bajaj Allianz, you must check the premium. Bajaj Allianz’s premium calculator lets you estimate the premium you need to pay for purchasing a desired car insurance plan. Simply enter a few details and get premium details in a few clicks with the Bajaj Allianz premium calculator.
Bajaj Allianz Car Insurance Types
There are different types of car insurance plans that you can purchase with Bajaj Allianz such as the following :-
- Third-party Car Insurance : Third-party car insurance provides coverage against third-party liability. If a third party is injured due to the insured car, then third-party car insurance will provide the required coverage.
- Standalone Own Damage Car Insurance : Standalone Own Damage Car Insurance offers coverage if the insured vehicle is lost or damaged.
- Comprehensive Car Insurance : Extensive Car Insurance provides coverage for both standalone own damage and third-party damage. The premium of Extensive Car Insurance is higher than the other two.
Factors Impacting Bajaj Allianz Car Insurance Premium
Many factors influence car insurance premiums, and understanding them can help individuals make informed decisions when purchasing insurance. Here are the main factors:
- Vehicle Make and Model : Expensive or high-performance cars frequently have higher premiums due to increased repair costs and theft risks.
- Age and Driving Experience : Younger and less experienced drivers are considered higher risk, resulting in higher premiums.
- Driving History : A clean driving record with no crashes or violations may result in lower premiums.
- Coverage and Deductibles : Extensive coverage and lower deductibles typically lead to higher premiums.
- Credit Score : In some regions, credit history can influence insurance costs.
- Safety features : Cars equipped with safety devices may qualify for premium discounts.
- No Claim Bonus (NCB) : Accumulation NCB over claim-free years can significantly reduce premiums.
Bajaj Allianz Car Insurance Inclusions and Exclusions
Listed below are the exclusions and inclusions of Bajaj Allianz Car Insurance:
INCLUSIONS :-
- Any loss or damage caused by a natural activity
- Any loss or damage due to accidents or other human-made activities
- personal accident cover
- Third-party coverage
EXCLUSIONS :-
- General wear and tear of the vehicle
- Damage to a vehicle if the driver is driving under the influence of alcohol or drugs.
- Damage to a vehicle if a driver is riding without a valid driving licence.
- Any damage due to war, rebellion or nuclear risk.
How to file Bajaj Allianz Car Insurance Claim ?
To file a Bajaj Allianz Four-wheeler insurance claim, you must complete the steps underlined below:
- First, report the incident to the insurance provider.
- The Bajaj Allianz Insurance team will get in contact with you and start the process after your claim has been filed.
- The entire damage will then be evaluated by a surveyor.
- Next, send the required documents to the network garage—or any other garage—and have the vehicle fixed.
- When you file a cashless claim, the insurance provider will pay all of your bills directly, and when you file a reimbursement claim, the provider will reimburse the entire amount