- About Coverfox
"Bajaj Allianz Car Insurance is one of the marque products offered by Bajaj Allianz General Insurance. The insurer is a joint venture between Bajaj Finserv Limited and Allianz SE. As per March 31st 2020, the insurer reported a revenue growth of 15.6% to Rs. 12,833 crore along with 28.1% increase in net profit to Rs. 999 crore, over the last fiscal. The company offers basic, standard and comprehensive car insurance plans with additional add-on covers such as depreciation shield, engine protector, consumables expenses, and own damage premium cover. Conveyance benefit, key and lock replacement, personal baggage and 24x7 assistance. "
Bajaj Allianz Private Car Insurance Policy can be tailor-made for any private vehicle to get insurance. The comprehensive policy by Bajaj Allianz Motor Insurance covers any Own Damage of the insured car or the policyholder and any liability loss or damage to the third-party property in case of an unfortunate accident or mishap.
Own Damage: This policy covers any damage or loss to the owner's car due to any of the following things:
Third Party or Liability: Bajaj Allianz Private Car Insurance Policy covers any injuries or property damages incurred to the third party due to the insured car
Personal Accident Cover: Bajaj Allianz will pay Sum Insured of Rs. 2 lakh to the owner-driver of the insured vehicle in case of permanent total disability or to the beneficiary in case of accidental death.
Optional Covers: a) Passenger Personal Accident cover: A Sum Insured of Rs.2,00,000 for each of the occupants can be bought under passenger personal accident cover. b) Legal liability for Paid driver: Liability cover for paid driver with a premium of 50 Rs/annually can be bought.
Bajaj Allianz offers customized plan to suit your requirements: Three different plan is available. 1) Best Value 2) Standard 3) Flexible plan
Flexible plan offers Depreciation shield and Engine Protect in addition to 24/7 Roadside Assistance that is available to other plans. Different Add-on covers are mentioned below:
The cost of the depreciable parts is not fully covered if there’s need of repair or replacement. Deducted depreciable cost is borne by the inured. But with this cover the whole cost is covered and the policyholder doesn’t have to pay even a penny. It is most suitable for vehicle age upto 5 years. The repair must be carried out in Company’s Authorized garage and valid only upto 2 admissible claims.
In an event of water ingression or brake oil leakage causing any damage to the parts of engine or gear box can cause you a huge amount to pay off from your pocket. This add-on covers the cost of any loss or damage to the parts of engine and/or gear box. Not more than one claim will be accepted. A prior approval from the company is necessary before starting the repair procedure, to ensure claim is not rejected.
A car breakdown is not completely inevitable. In case of small or big breakdown or situation of flat tyre(s), running out of fuel, and so on Bajaj Allianz with 24*7 assistance service provides high end Roadside Assistance.
If you lose out the keys or lock gets damage in an attempt of burglary, the cost of repair and/or replacement will be indemnified. Maximum of two claims during one policy period.
The cost of consumables are not covered in an insurance policy. Consumables like nuts, bolts, screw, washers, grease, lubricants clip, AC gas oil, bearings, distilled water, engine oil, oil filter, fuel filter, brake oil, etc.
This add-on is a compensation to the occupants in case of permanent disability or death due to the accident while traveling in the insured vehicle.
If the insured car is in a workshop following an accidental damage is accepted, the insured would get a per day cash benefit as per plan opted by the insured. As a compensation top the policyholder in case the insured vehicle is in garage or workshop for repair, the cost of daily allowance or per day cash will be paid as per the plan selected by the policyholder.
If the personal baggage kept in insured vehicle is lost or got damaged due to the perils mentioned in the Own Damage, the policyholder will be indemnified.
Bajaj Allianz General Insurance offers many attractive discounts that the policyholder can avail.
The following table show the details:
|No. Of Years||Discount|
|One claim-free year||20%|
|Two consecutive claim-free years||25%|
|Three consecutive claim-free years||35%|
|Four consecutive claim-free years||45%|
|Five consecutive claim-free years||50%|
Voluntary discounts: This discount is offered if you decide to pay the minimum amount of money at the time of claim settlement.
Bajaj Allianz General Insurance also offers a discount i) If you install an ARAI anti-theft device in your car ii) If you are member of Automobile Association of India.
Toll-Free Number: 1800-209-5858
Locate the nearest cashless garage: 020-66439001/2/3
Required steps and supporting documents:
a) In case of Accident
b) In case of Theft
c) In case of Third Party Claims
Step-wise guide to claim:
The first things to make a claim is to call on Bajaj Allianz General Insurance’s Toll-Free Helpline number - 1800-209-5858
Take appointment with the surveyor and take your vehicle to any of Bajaj Allianz General Insurance authorized network garages for repair, for cashless service. Submit the require documents to the surveyor
Company confirms liability
If possible, opt for cashless facility, the company will settle the repair bills directly with the garage up to the amount payable
But in case you do not opt for cashless facility, you have to pay for the repair charges and then submit the bills with claim form to the surveyor/company for settlement
With cashless settlement at over 4,000 preferred garages and 75% on account payment in absence of this facility, Bajaj Allianz certainly has an edge in the insurance market. Instant claim assistance followed by sms updates through 24/7 customer support reserves one of the top slot for the company. The plans on offer are pretty comprehensive and when clubbed with appropriate add-on features can provide an all-inclusive financial protection.
What are the benefits of buying the Bajaj Allianz Comprehensive Car Insurance policy?
Apart from instant policy and hassle-free claim service here is are the benefits of buying the Bajaj Allianz Car Insurance policy:
How can I avail Bajaj Allianz car insurance cashless claim services?
At the time of claim, you need to intimate the Bajaj Allianz claims team. With 4000+ cashless garage network, you can quickly locate the nearest service center by calling - 020-66439001/2/3.
How can I get discounts if I make no claims throughout the year?
Every year, at the time of renewal, you can mention about the number of claim free years. Based on the number of claim free years you get the discounts on the premium as No Claim Bonus.
What are add-on covers?
Add-on covers are optional paid features that help to widen the coverage of the comprehensive policy. By paying an additional small amount of premiums, you can buy add-on covers having great benefits. For instance, Depreciation Shield cover gets you covered with the cost of depreciable car parts at the time of claim, and you have to pay anything extra.
What is Personal Accident cover?
Personal Accident cover is a risk coverage for an owner-driver. It is mandatory, and comes with the sum assured of Rs. 2 Lakh. In case, if an accident causes total permanent disability to the owner-driver, the company pays the sum assured to the owner. If owner-driver dies due to the accident, the insurance company pays the sum assured to the nominee.