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Bajaj Allianz Two Wheeler Package Policy
After purchasing your two-wheeler, it is important to stay prepared for any contingencies, by choosing the right insurance policy. The right two-wheeler insurance policy can help you get covered against the financial risks of out-of-pocket expenses. Bajaj Allianz General Co. Ltd. Bajaj Allianz Two-Wheeler Package Policy is one such two-wheeler insurance policy that covers losses arising due to unfortunate accidents.
Key Features and Benefits
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Own damage
This policy covers the damages done to your two-wheeler due to accidents, natural disaster, technical glitches and malfunctions. The Bajaj Allianz Two Wheeler Package Policy cover losses which are caused due to fire, explosion, self- housebreaking or theft, riot and strike, earthquake, floods, terrorist activity, accidents during while travelling by road, rail, inland waterway, lift, elevator or air, landslide/rockslide.
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Liability to third parties
The Bajaj Allianz Two Wheeler Package Policy covers your legal liability arising out of bodily injury to and/or property damage of third parties caused due to accidents damaging your tow-wheeler.
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Personal accident cover
In the unfortunate event of your (owner-driver) death and/or permanent total disability arising out of an accident while travelling in your two-wheeler, we will pay the specified sum insured to you/your legal heir nominated under this policy.
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Optional extensions
The Bajaj Allianz Two Wheeler Package Policy will cover the below mentioned optional extensions like:
• Loss of accessories
• Legal liability to paid driver, cleaner or any workman
• Personal accident cover for occupants
How to Purchase the Policy
You can follow these simple steps to buy this policy:
- To apply for the product, click on ‘Apply Now’ and fill in the necessary details in the application form.
- Make the fee payment online using your preferred mode of payment.
- Fill in your name and mobile number.
- If required opt for a call back from our representatives or complete the process by clicking ‘Buy now’.
Eligibility Criteria
The eligibility criteria needed to buy this Two- Wheeler Package Policy are:
List of documents to buy the policy
The following mandatory documents are required to buy the bike insurance policy:
- Details about your vehicle including registration number
- A valid driver’s license
- Completed claim form
- Bank details
- Tax receipts
- Filled insurance forms.
How to Process the Claims
Those looking to ensure a seamless claim processing journey, here are a few simple steps that you need to undertake:
Reach us instantly by call our toll-free Number 1800-209-5858. Please provide these basic details:
- Contact number
- Engine and chassis number
- Date and time of the accident
- Description and location of the accident
- Vehicle inspection address
- Kilometer reading
Send in Your Vehicle for Repair:
Move your vehicle to the garage from the accident spot (in case of an accident) or have it towed to avoid any further damage.
Should your vehicle not be found within 90 days, ask the police to issue a Non-Traceable Report (an undertaking that they are yet to find your vehicle) and hand over the report to us.
Survey and Claim Settlement
- Submit the copy of documents to your preferred garage/dealer and have them tallied with the originals.
- Is the damage not too severe? Only got a cracked windshield or a bumper that has come off loose? In that case, we suggest you let our Motor OTS (On-The-Spot) service take over.
- We will repair your vehicle (within X working days) at a network garage of your preference, deliver it to your doorstep and pay the garage directly.
- You will only have to pay the excesses (as mentioned in the policy) and the depreciation value as informed by the surveyor.
- With Bajaj Allianz Motor Insurance, you can not only secure your vehicle but also avail a host of other add-ons such as Roadside Assistance too.
Documents Required for Filing Insurance
The following are the documents required for filing the two- wheeler package policy is:
For Accidental Damage:
- Claim form duly filled and signed by the insured
- Proof of insurance Policy / Cover note copy
- Copy of Registration Book, Tax Receipt
- Copy of Motor Driving License of the person driving the vehicle at the time
- Police Panchanama/FIR (In case of Third-Party property damage /Death / Body injury)
- Estimate for repairs from the repairer where the vehicle is to be repaired
- Repair Bills and payment receipts after the job is completed
- Claims Discharge Cum Satisfaction Voucher signed across a Revenue Stamp
- Miscarriage, Abortion and C-section deliveries Sexually transmitted diseases such as AIDS and HIV.
- Refer the policy document to know more exclusions in detail
For Theft Cases:
- Claim form duly filled and signed by the insured
- Original Policy document
- Original Registration Book/Certificate and Tax Payment Receipt
- Previous insurance details - Policy No, insuring Office/Company, a period of insurance
- All the sets of keys/Service Booklet/Warranty Card
- Police Panchanama/ FIR and Final Investigation Report
- Acknowledged copy of a letter addressed to RTO intimating theft and making vehicle "NON-USE"
- Form 28, 29 and 30 signed by the insured
- Letter of Subrogation
- Consent towards agreed claim settlement value from you and Financer
- NOC of the Financer if the claim is to be settled in your favor
- Blank and undated "Vakalatnama"
- Claim Discharge Voucher signed across a Revenue Stamp
Major Policy Exclusions
- Any loss or damage caused outside the geographical area
- Any loss or damage arising out of your bike not being used as per the limitations to use
- Any claim arising out of any contractual liability
- Any consequential loss
- Refer to the policy brochure to know further exclusions in detail.
Why buy Bajaj Allianz Two-wheeler Package Policy?
Bajaj Allianz Two-wheeler Package Policy protects your two-wheeler against physical damage, third-party liability, injury, and theft. It provides a complete insurance policy that also covers personal injury. The claim settlement procedure for Bajaj Allianz two-wheeler insurance policy is quick and simple, making it an excellent pick.
Claim/Assistance Contact Details
Toll free number – 08698010101/1800-209-0144 /1800-209-5858
E-mail – wecare@bajajfinserv.in
Mailing address: 4th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014
*For claim related issues please refer your policy document or certificate of insurance (COI)
Frequently Asked Questions (FAQs) about Bajaj Allianz Two-wheeler Package Policy
Why should I buy Bajaj Allianz Two-wheeler Insurance?
Having a two-wheeler insurance is essential to stay financially secured in case of any damages suffered due to natural or man-made disasters. It provides the following advantages:
• Get coverage for medical expenses incurred due to an accident• Get coverage against repairing and replacing cost of vehicle parts
• The policy provides financial security against theft, fire, and natural disasters
Bajaj Allianz Two-wheeler Package Policy secures your motorcycle or bike or scooter from loss or damage caused due to theft, fire, accident, third party liability and other natural and manmade calamities.
What are the steps to make a claim under Bajaj Allianz Two-wheeler Insurance?
You can file a claim under Bajaj Allianz Two-wheeler Insurance through these simple steps:
• Call on the toll-free number 1800-209-5858 and provide the following details:1. Contact number
2. Engine and chassis number
3. Date and time of the accident
4. Description and location of the accident
5. Vehicle inspection address
6. Kilometer reading
• Submit copies of all relevant paperwork to the dealer or garage and have them confirmed against the originals
• Once confirmed, your claim would be settled or reimbursed by Bajaj Allianz
Can I make claims of small amounts?
Yes, you can make claims of any amount. However, it is advised not to make claims for less than the value of your No Claim Bonus (NCB) because you'll lose your entire NCB. Making a claim, on the other hand, is recommended if the NCB you stand to lose in the next year is less than the claim value.
How to reduce the premium of Bajaj Allianz Two-Wheeler Insurance?
In order to reduce the premium of the Bajaj Allianz Two-wheeler Insurance, keep a track of your No Claim Bonus over the course of five years and convert the total into a discount on your premium. Alternatively, you can choose a voluntary excess or voluntary deductible amount wherein you pay some portion of the sum insured from your pocket; which will help you to reduce your premium.
What is the cancellation process of the Bajaj Allianz Two-wheeler Insurance Policy?
Visit the nearest branch office in your city and submit the insurance documentation as well as a completed surrender form. The applicable premium amount would be refunded, and the policy would be cancelled after a few days.
Disclaimer
Bajaj Finance Limited (BFL) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, General Insurance Company Limited, ACKO General Insurance Limited, Max Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited, and Manipal Cigna Health Insurance Company Limited under the IRDAI composite registration number CA0101.
Please note that BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely voluntary after you exercise independent due diligence on the suitability, viability of any insurance product. Any decision to purchase an insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. This product provides insurance coverage under the Two-Wheeler Package Policy under UIN: IRDAN113RP0026V01200102. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions, and exclusions please read the product sales brochure carefully before concluding a sale.