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.
This policy covers the damages done to your two-wheeler due to accidents, natural disasters, technical glitches, and malfunctions. The Bajaj Allianz Two-wheeler Package Policy covers losses caused due to fire, explosion, self-housebreaking or theft, riot and strike, earthquake, floods, terrorist activity, accidents while travelling by road, rail, inland waterway, lift, elevator or air, landslide/ rockslide.
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 two-wheeler.
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.
The Bajaj Allianz Two-wheeler Package Policy will cover the optional extensions mentioned below:
• Loss of accessories
• Legal liability to paid driver, cleaner, or any workman
• Personal accident cover for occupants
In the general insurance market, Bajaj Allianz is one of the leading insurance providers that offer various plans with exclusive features and benefits. The general insurance category has different Bajaj Allianz two-wheeler insurance plans, including Comprehensive and Own Damage insurance policies.
The two-wheeler insurance policies extended by Bajaj Allianz allow individuals to get financial coverage against any own damage, third-party liabilities, accidents, injuries, and more. Its comprehensive insurance policy structure provides financial coverage against personal accidents as well. Let's discuss the various Bajaj Allianz bike insurance plans:
Besides, this insurance policy also offers a personal accident cover. It provides financial coverage to the rider or owner of the two-wheeler in case of an accident. Additional coverage for the pillion can be obtained separately. However, one must note that the premium paid for a comprehensive package policy will be comparatively higher than the own damage cover for a similar amount of the IDV because the former offers more extensive coverage.
The long-term insurance policy is effective for the vehicle owners as it keeps the vehicle insured throughout.
One of the primary advantages of this policy is that it needs to be renewed only once in the tenor. Hence, you pay the premium only once. Moreover, irrespective of the damage caused to the vehicle, this insurance policy provides financial coverage for any claim made by a third party. Bajaj Finance Limited is a registered partner for this Bajaj Allianz insurance company, and the latter offers various add-on covers like loss of accessories, legal liability to paid driver, cleaner, or any workman, and personal accident cover of Rs. 15 lakh for the occupants to improve the scope of coverage.
According to the Insurance and Regulatory Authority of India (IRDAI), after 2015, insurers could provide long-term insurance policies for a maximum of 3 years. The benefits of this long-term insurance plan are:
A long-term Bajaj Allianz bike insurance will cover you against:
Following is the list of exclusions of the Bajaj Allianz two-wheeler insurance plan:
According to the laws stated in the Motor Vehicle Act, riding your two-wheeler without an insurance policy is illegal in India. Moreover, it can incur a substantial monetary loss in case of any mishap.
Therefore, after purchasing a policy, it is essential to renew it periodically to ensure continued protection. With Bajaj Allianz two-wheeler insurance renewal online process, individuals can purchase a policy or renew it in a few steps, within seconds.
To begin the Bajaj Allianz insurance renewal process online, individuals need to provide their basic details, existing policy number, and current policy expiry date to proceed further. Customers will then receive a notification on the registered mobile number once the payment is made.
Here are the factors affecting the premium of a Bajaj Allianz two-wheeler insurance:
You can follow these simple steps to buy this policy:
The eligibility criteria needed to buy this two-wheeler package policy are:
The following mandatory documents are required to buy this two-wheeler insurance policy:
There are a few simple steps that you need to take in order to ensure a seamless claim processing journey. You can reach the insurer instantly by calling the toll-free number 1800-209-5858.
Please provide these basic details:
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 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 the insurer.
Survey and claim settlement
The following are the documents required for filing the two-wheeler package policy:
For accidental damage
The BAGIC Two-wheeler Package Policy excludes the following points:
Refer to the policy brochure to know further exclusions in detail.
The Bajaj Allianz Two-wheeler Package Policy secures 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.
Toll free numbers: 08698010101/ 1800-209-0144/ 1800-209-5858
Mailing address: 4th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014
The NCB or No Claim Bonus is a benefit the insurance provider offers for not initiating any claims within a policy year. The Bajaj Allianz Two-wheeler Insurance provides vehicle owners with a discount of up to 50% on the Own Damage cover premium for not registering any claims for five consecutive policy years.
If you plan to switch your insurance provider or purchase a new vehicle, you can still receive your NCB reward. Therefore, you can get an affordable premium quote if you have collected your NCB over the years.
Individuals can complete the Bajaj Allianz Two-wheeler Insurance renewal process online in two simple steps:
Having two-wheeler insurance is essential to stay financially secure 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
Bajaj Allianz Two-wheeler Package Policy secures your motorcycle, bike, or scooter from loss or damage caused due to theft, fire, accident, third-party liability, and other natural and man-made calamities.
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:
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. On the other hand, making a claim is recommended if the NCB you stand to lose in the next year is less than the claim value.
To reduce the premium of the Bajaj Allianz Two-wheeler Insurance, keep track of your No Claim Bonus over 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.
Visit the nearest branch office in your city and submit the insurance documentation and a completed surrender form. The applicable premium amount would be refunded, and the policy would be cancelled after a few days.
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, SBI General Insurance Co. Ltd, ACKO General Insurance Co. Ltd., Niva 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 and 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 to the 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.
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