Having a vehicle of your own means you can travel conveniently and comfortably but it also brings with it responsibilities. Ensuring traffic rules are followed, safe driving habits, maintenance of the vehicle, all of this becomes essential. Even after taking all the precautions, road accidents can happen at any time for various reasons.
To keep you safeguarded against these damages and losses, Bajaj Finance Limited (BFL) brings you attractive plans that come with valuable add-ons that your vehicle needs. With our partner relationships with some of the best names in the Motor Insurance segment, we not just give you plans to suit your needs but also offer some great advantages like, depreciation cover, engine cover, 24*7 roadside assistance, and towing facility.
So, select the plan that complies with your needs and helps you manage your vehicle better on the roads.
Avail claim on accidents caused due to malfunctions, and technical glitches. Get covered for natural calamities like floods, typhoons, hurricanes, storms, tempest, etc., and manmade calamities. The policy allows you to stay safe while in transit by rail, road, inland waterway, lift, elevator, or air landslide/rockslide.
Stay covered for legal liability arising out of bodily injuries to and /or property damage of third parties caused due to an accident involving your two-wheeler.
Ensure you are never stranded on the road due to any problem associated with your two-wheeler by getting help for problems like tyre change, assistance for the two-wheeler’s engine, or assistance in settling in an accident with just a call away regardless of the situation where you are stuck.
If your helmet is partially damaged, get cover for the repair or replacement of the helmet damaged in the accident.
Nullify the depreciation associated with the two-wheeler, by not losing the value in the market. Get this add-on for your two-wheeler and all its spare parts. Highly, recommended for your two-wheelers older than 5 years.
Protect your most crucial two-wheeler parts by getting paid for expenses arising due to water ingression, oil leakage, hydrostatic look, and more. Additionally, get cover for damages to the gear box, and gearbox parts too.
Indemnify the loss or damage of the two where the safety of a pillion rider is not sacrificed. Get a pillion rider cover where you protect secondary rider who was riding with you at the time of the accident.
Yes, Motor insurance is mandatory in India. It’s compulsory to purchase third-party insurance to protect yourself from third-party loss or damage due to an accident.
There are two types of motor insurance in India Third party insurance and comprehensive insurance.
Third-party motor insurance is where only damages caused to a third-party person, vehicle, or property are covered.
Comprehensive motor insurance covers both third-party liability and damages to your vehicle as well.
This cover provides the policyholder complete claim amount on the value of replaced parts without deducting any depreciation, following an accident. However, this cover is available only for vehicles that are less than three years old.
No Claim Bonus (NCB) is given for not making any claims during the policy term. As the name suggests, the benefit doesn’t nullify the NCB in the event of a claim; it brings down the slab at which the NCB discount is given on premium.
Under this cover, if there’s theft or damages beyond repair it provides you the benefit where you can get back the complete amount of your car/bike invoice value, including the cost of registering a new vehicle and its road tax, respectively.
Under this roadside assistance cover, you can call the support team and they will provide you the support for your vehicle on the spot, and repair your vehicle.
IDV or Insured Declared Value for bike insurance means the current market value of the vehicle. It corresponds to the maximum sum assured fixed on the vehicle that is paid against total loss or theft of the bike.
Insurers usually send the soft copy of the two wheeler insurance policy on the email id that you provide. You should receive the policy almost immediately after you pay your two-wheeler insurance premium online.
Purchasing a two-wheeler insurance online helps you save time and hassle and the purchase can be done from anywhere, anytime.