Bajaj Allianz bike insurance renewal

Here’s a comprehensive guide on how you can renew Bajaj Allianz Two-wheeler Insurance online.
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Bajaj Allianz bike insurance renewal
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3 mins
25 July 2023

Having a valid two-wheeler insurance policy, at least third-party bike insurance to ply on Indian roads is mandatory. Even though comprehensive bike insurance is optional, it is important to renew the policy because it also offers third-party insurance benefits. Insurance policies secure you from certain risks like accidents or damages that may lead to financial stress. Bajaj Allianz, one of the most popular insurance providers in India, offers a convenient and hassle-free renewal process. Bajaj Allianz Two-wheeler Insurance safeguards your two-wheeler against all potential risks.

Read on to know the renewal process of Bajaj Allianz bike insurance and its core features.

Bajaj Allianz two-wheeler insurance renewal – Key features

Bajaj Allianz two-wheeler insurance policy online offers a range of key features that sets the policy apart from others.

Here are some of the main features:

Features

Specifications

Cashless garages

6,500+ network garages

Own damage cover

Available up to the sum insured

Third-party damage cover

Available up to the sum insured

Personal accident cover

Up to Rs. 15 lakh

Add-on covers

Available

 

Here are the features of Bajaj Allianz bike insurance in detail.

Comprehensive coverage: The policy offers complete coverage for your two-wheeler against various risks, including theft, natural calamities, and third-party liabilities.

Flexible payment options: You can pay for your policy using various online payment modes, including credit and debit cards, net banking, and digital wallets.

No Claim Bonus (NCB) benefits: Bajaj Allianz offers various No Claim Bonus for making zero claims in a year. You can use this bonus to get a discount on the policy renewal premium.

Paperless and hassle-free transactions: You can renew your policy online without any paperwork. The process is quick, easy, and you can do it from the comfort of your home.

 

Benefits of Bajaj Allianz two-wheeler insurance renewal online

Renewing your Bajaj Allianz two-wheeler insurance policy online can provide you with several benefits, such as:

Convenience:

The online renewal process is quick and easy, and you can buy the policy in just a few minutes.

Time saving:

You get information on different two-wheeler insurance policies offered by various insurance providers on your gadget (laptop or mobile). You do not have to visit the insurer's office or wait in long queues to renew your policy.

Cost-effective:

Online renewal is often more cost-effective when compared to offline renewal processes.

Hassle-free:

The online renewal process is not at all tedious. You only need to fill a few personal and policy details to renew the policy. Many insurers offer online chat service that helps you resolve queries instantly in case you get stuck making it smoother.

Steps to renew Bajaj Allianz two-wheeler insurance

The online renewal process for Bajaj Allianz two-wheeler insurance is simple. Follow these steps to renew your policy online:

  • Visit Bajaj Allianz's official website or mobile app.
  • Select the 'Renewal' option and enter the policy details.
  • Review your policy details and choose the coverage you require.
  • Pay for your policy using your preferred payment method.
  • Download and save a copy of your policy.

Offline process of Bajaj Allianz bike insurance policy renewal

If you prefer renewing your Bajaj Allianz bike insurance policy offline, you can visit any of their offices and follow these steps:

  • Visit the nearest Bajaj Allianz office.
  • Submit a copy of your expiring policy documents.
  • Pay your policy renewal fees.
  • Verify your policy details and coverage.
  • Collect your new policy documents, including the policy schedule, policy bond, and invoice.

You can also buy Bajaj Allianz bike insurance on Bajaj Finance Insurance Mall.

How to buy a Bajaj Allianz bike insurance on Bajaj Finance Insurance Mall?

Here’s a step-by-step guide to buying two-wheeler insurance through Bajaj Finance Insurance Mall.

Step 1: Visit Bajaj Finance Insurance Mall and view the comprehensive two-wheeler insurance plans offered by leading motor insurance companies.

Step 2: Click on 'Get Quote’ to open the online application form.

Step 3: Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

Step 4: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.

Step 5: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

Step 6: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.

Step 7: Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous policy details.

Step 8: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the policy.

Documents required for Bajaj Allianz two-wheeler policy renewal

When renewing your Bajaj Allianz two-wheeler policy, you would need to provide certain documents like:

  • A copy of your old policy document.
  • Your vehicle registration certificate or smart card.
  • A copy of your driving licence and your current address proof.
  • A passport-size photograph.

Renewing your Bajaj Allianz two-wheeler insurance policy is easier than ever before. Ensure to renew your policy in time to avoid any lapses in coverage and lose out on benefits

Frequently asked questions

How many days before can I renew my bike insurance?

Most insurance providers offer the option to renew your bike insurance policy up to 60 days before the policy expires. Renewing your policy beforehand helps you avoid the hassle of last-minute renewals and offers you uninterrupted coverage for your bike.

What will happen if I miss the bike insurance renewal date?

If your bike insurance policy has expired, you will lose coverage and benefits. Then you will have to bear the cost of any losses incurred due to accidents, theft, or natural calamities. Also, if your policy has expired for more than 90 days, you may need to undergo a vehicle inspection before the policy gets renewed. Therefore, it is advisable to renew your policy on time to avoid any issues.

Do we need to renew the bike insurance every year?

Yes, it is mandatory to renew your bike insurance policy every year as per the Indian Motor Vehicles Act, 1988. Renewing your policy ensures continuous coverage for your bike and secures you against potential risks.

Can I renew the bike insurance before it expires?

Yes, most insurance providers offer the option to renew your bike insurance policy beforehand. This allows you to avoid any issues that may arise if the policy expires. Additionally, it ensures uninterrupted coverage for your bike and protects you against potential risks.

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Insurance is the subject matter of solicitation. *T&C Apply - 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 Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA 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 on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase 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. 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. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

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