Bajaj Allianz Passenger Carrying Vehicle

With the increase in unemployment, people today are looking for self-employment. Many of them are buying vehicles for commercial use, especially passenger-carrying vehicles, to make a better income. Considering this fact, having a backup plan for any financial loss and accidental injury is extremely important. Bajaj Allianz General Insurance brings you a commercial vehicle package policy that offers benefits like loss or damage against natural calamities, man-made calamities and many more to the vehicle owner and passengers.

 

Key Features and Benefits


Here are the key features and benefits covered under Bajaj Allianz Passenger Carrying Vehicle:

  • Own damage

    This policy provides cover against own damage like fire explosion, self-ignition or lightening, burglary, housebreaking or theft, riot and strike, natural calamities, terrorist activities, accident by external means, etc.

  • Third-party liability

    In case a third party suffers any bodily injury or death while the vehicle is in use or any damage to property caused using the vehicle, then the policy provides cover against third-party liability.

  • Personal accident cover

    The policy covers any personal accident that results in death, partial disability, or permanent total disablement. The scale of compensation is decided as per the scale of the loss incurred or pre-decided compensation slabs.

  • Towing disabled vehicles 

    Get claim under this policy if your vehicle is used to tow a disabled vehicle without any reward, which means you haven’t charged for the service. The benefit of indemnity is only with the insured vehicle and does not cover damage to the towed vehicle or property being conveyed thereby. 

  • A vehicle used for tuitions

    If you are a vehicle owner who gives driving classes, then you can also get your vehicle covered under this policy. The policy provides optional cover to get your vehicle protected and get the benefits mentioned in the policy document.

  • Additional covers or extensions

    • Electronic and electrical fittings: The policy provides optional cover for electrical fittings and fixtures. If there is failure in any such part during an accident, then you can get coverage for the same.

    • CNG or LPG Kit: This policy gives you optional cover for CNG and LPG kits in case of any damage, as mentioned in the policy document.

    • IMT 23: Additionally, you can opt for the cover of 50% of a company’s liability for items like lamps, tires, tubes, mudguards, bonnets, side parts, bumpers, headlights, and paintwork of damaged portions.

Policy Details

Here are the details covered under the policy:

Bajaj Allianz Commercial Vehicle Package Policy
Service Provider Name Bajaj Allianz General Insurance Co. Ltd.
Depreciation Charged based on the insured declared value
Transferability Non-transferable
Add-Ons IMT 23
LPG & CNG KIT
Electronic and Electrical fittings

How to Process the Policy

To register your claim, follow these few steps:

Register your claim:

Call the Toll-Free Numbers 08698010101/1800-209-0144 /1800-209-5858 and provide the basic details like:

• Contact number

• Engine and chassis number

• Date and time of the accident

• Description and location of the accident

• Vehicle inspection address

• Kilometre 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 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 or 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 secure your vehicle and avail of a host of other add-ons such as Roadside Assistance.

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.
  • If required opt for a call back from our representatives or complete the process by clicking 'Buy now'.

List of Documents Needed to Buy the Policy

You will need the following documents to purchase the plan:

  • Product model details
  • Existing warranty document
  • Age proof such as birth certificate, Voter’s ID, PAN Card, or passport
  • Identity proof such as passport, Aadhaar card, PAN card, or Voter’s ID
  • Income Proof such as Form 16, salary slips, or employment certificate
  • Documents of the purchased product
  • Dealers warranty documents
  • Address proof such as telephone bill, electricity bill, passport, bank statement, or Voter’s ID

Major Policy Exclusions

  • Change in ownership of the vehicle
  • Failure of parts that are subjected to recall by the manufacturer warranty period
  • Loss or damage arising out exceeding standards of limit
  • Floods, forest fires, landslides, cyclones, lightning strikes, hurricanes, etc., are not included in the scope of commercial insurance
  • Terrorist attacks, robberies, in-transit damage during transport by air, land, or sea, intentional damage with ulterior motives, etc., are also excluded from the scope of the policy
  • Driving with an invalid license
  • Routine repairs and changes or modifications to the interiors of your vehicles are not included

Claim/Assistance Contact Details

BFL Helpline: 08698010101

Bajaj Allianz General Insurance Helpline Number: 1800-209-0144 /1800-209-5858

E-mail –  wecare@bajajfinserv.in

Mailing address:Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014.


*For claim-related issues, please refer to your terms and conditions in the policy document.

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, Tata AIG 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 Bajaj Allianz commercial vehicle package policy UIN: IRDAN113RP0027V01200102

*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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