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Car Insurance Policies From Bajaj Allianz Car Insurance
Bajaj Allianz is one of the biggest automotive insurance providers in India and has been making driving journeys safer for motorists across the country since 2001.
Bajaj Allianz has a wide network of garages across India that are backed by its array of award-winning car insurance products ensuring that customers can get help no matter where they are in the country.
The customer-first mindset along with the iAAA rating and excellent roadside assistance services have made Bajaj Allianz the nation's preferred car insurance provider.
Add in the fact that Bajaj Allianz settles the maximum number of claims consistently and it is no surprise that it is the insurer of choice for the Indian motorist.
Bajaj Allianz Car Insurance is an insurance cover that provides financial assistance against accidental damages due to man-made/natural disasters and third-party liabilities and is one of the firm's leading products.
This policy allows the insured customer to enjoy an added layer of security for their insured car with extra features such as conveyance benefits, zero depreciation, and breakdown assistance. The plan also compensates for the expenses incurred due to the treatment of permanent disability, death, or injury arising because of an accident.
Types of Bajaj Allianz Car Insurance Policies
There are three types of Car Insurance Policies offered by Bajaj Allianz:
- Third Party Liability
- Pay-As-You-Go Policy
- Comprehensive Policy
Third-party Liability Policy
According to the Motor Vehicles Act, a third-party car insurance policy is mandatory for all cars in India. This insurance policy protects you from liabilities and provides coverage against expenses incurred due to damage to the third party's property.
Pay-As-You-Go Policy
The expenses incurred due to the accidental damages of your car and that of the third party are covered under this usage-based car insurance plan. The premium payable is directly in linkage with the insured car's usage.
Comprehensive Policy
A Comprehensive insurance policy provides coverage against expenses incurred due to burglary, personal accident, theft, or damages due to natural/man-made disasters. This plan has add-on features such as engine protection, accessories cover, and CNG kit coverage.
Features of the Allianz Car Insurance Comprehensive Policy
Bajaj Allianz offers a comprehensive car insurance plan which has the following features:
- Cashless services across 4500 garages in the country.
- Cashless payment facility covering hospitalisation expenses across 6500 partner hospitals in India.
- A maximum transfer of 50% of the no-claim bonus to the subsequent year.
Additional Features of the Bajaj Allianz Car Insurance Comprehensive Policy
Zero Depreciation
This add-on feature is also called bumper-to-bumper cover and provides you with financial coverage against the breakdown of the important parts of the insured car.
This feature doesn't consider the depreciation due to tear, obsolescence, and increasing age of the insured car's vital parts.
Engine Protector
This feature provides coverage against the expenses incurred due to the damages to the insured car's engine.
24*7 Spot Assistance
This feature makes sure that you never get stranded on the road in case of any emergency related to your insured car.
Key Replacement
It is quite common to lose/misplace your car's keys. The Key Replacement feature provides coverage against the expenses incurred due to the replacement of the insured car's keys when they get lost/misplaced.
Consumable Expenses
The repair/replacement expenses of consumable items such as power steering oil, AC gas oil, engine and brake oil, and gearbox oil are covered under this add-on feature.
Personal Baggage
While you are travelling, your baggage may contain a lot of items which can cumulatively be rather expensive. This add-on feature compensates for the expenses incurred due to the loss/damage of baggage, especially in a foreign country.
However, silver/gold ornaments, luxury items, or any other precious goods will not be covered under this feature.
Conveyance Benefit
This add-on feature provides you with a daily-cash benefit if your claim gets accepted.
Exclusions
Here are a few exclusions under the Bajaj Allianz Car Insurance Policy:
- Any incident when the insurance plan is not active or in force.
- When the car is being used beyond the guidelines of your vehicle's manufacturer.
- Depreciation of your insured car and its spare parts.
- Drunk-driving.
- Due to the leakage of oil.
- Driving without a valid licence.
How To Purchase the Bajaj Allianz Car Insurance Policy
You can purchase the Bajaj Allianz Car Insurance Plan online by following the following steps:
- Navigate to the Bajaj Allianz car insurance website.
- Enter the required details like the variant and the manufacturer, model, and city.
- Select the plan which best suits your requirements.
- Enter the details of all the existing insurance plans including the claims made, no claim details, and their validity.
- The insurance policy's premium is auto-generated. If you opt for a comprehensive insurance plan, you can include further add-on features before receiving the final quote for the premium.
- Choose either EMI (equated monthly instalments) or annual premium payments.
Renewal of Bajaj Allianz Car Insurance Policy
If you wish to renew the Bajaj Allianz Car Insurance policy for your car, you should visit the website of the insurance provider and select 'Renew Policy'. After that follow the same process as the one seen above.
If you wish to renew the insurance policy for a pre-owned car, you will be required to transfer the insurance policy in your name from the previous car owner's name. This process takes less than 2 weeks for the transfer process to get completed. You must keep in mind the following things in this case:
- You must get the no-claim bonus transferred.
- You must get a new insurance policy for your insured car if the previous owner did not have one or it has expired.
- You must take care of the renewal date of your transferred insurance policy.
You can buy the following insurance policies for your car based on your usage:
If the usage of your car is occasional, you can buy a third-party car insurance policy.
If the usage of your car is frequent, we recommend buying a comprehensive car insurance plan with add-on features.
Claim Process
There are three kinds of insurance claims offered by Bajaj Allianz:
- Cashless claims
- Reimbursement claims
- On The Spot (OTS) Claims
Cashless Claims
Cashless claims ensure that you do not have to physically pay for the damage recovery of your insured car. The insurance provider will directly compensate the garage and will take care of the complete recovery process.
Follow these steps to opt for a cashless claim:
- Register your claim with Bajaj Allianz through the website or customer care platform.
- Note down the registration number of your claim.
- Shift your damaged insured car to a cashless network garage which has been authorised to facilitate the repairs.
- Submit the necessary documents to your surveyor.
The liability gets confirmed by Bajaj Allianz once the documents and other details have been surveyed.
Reimbursement Claims
In this type of claim, you are required to pay for the recovery of the damages to your insured car. Your insurer will then reimburse the expenses you may have incurred during the recovery process after the successful verification of your coverage and other documents.
You must follow these steps if you wish to avail of a reimbursement claim:
- Navigate to the app or website to register your claim.
- Note down the registration number of your claim.
- Shift your insured car to any nearby garage.
- Submit the necessary documents to your surveyor.
The reimbursement process gets initiated by Bajaj Allianz once the documents and other details have been surveyed.
On The Spot (OTS) Claims
This type of claim allows you to make your insurance claims on the spot. You should follow these steps if you wish to avail this type of claim:
- Sign in to the mobile app with the required details.
- Upload the pictures of your damaged car to the app.
Once these uploaded images are verified, the claim amount will be transferred directly to your bank account.
Documents Required
You must have scanned copies of the following documents:
- Car's registration
- Bank details
- A valid driving licence
- Completed insurance forms
- Tax receipts
- Completed claim form
Purchasing a car is an expensive affair. Hence, you must protect such a hefty investment against inevitable or unexpected events.
Car repair or replacement costs and driving-related risks are also on the rise and a single accident can burn a huge hole in your wallet. Hence, getting your car insured with a Bajaj Allianz Car Insurance Policy, which is one of the best policies on offer for cars in India, will act as a smart step towards securing your finances.
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