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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 policy 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.
Types of Coverage
1. Own Damage - This policy covers any damage or loss to the owner's car due to any of the following things
2. 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
3. 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.
4. Optional Covers:
Bajaj Allianz offers customized plan to suit your requirements: Three different plan is available.
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:
1. Depreciation Shield:
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.
2. Engine Protect:
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.
3. 24*7 Spot Assistance
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.
4. Consumables Expenses:
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.
5. Accident Shield:
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.
6. Conveyance Benefit:
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.
7. Personal Baggage:
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.
8. Lock and Key Replacement Cover
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.
Bajaj Allianz General Insurance offers many attractive discounts that the policyholder can avail.
1. No-Claim Bonus If you make no claims throughout the year, you get a 20% discount on the premium of the 2nd year. It keeps on increasing.
2. 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
Required steps and supporting documents:
2. In case of Car Theft Claims
3. In case of Third Party Claims
Step-wise guide to claim:
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.
You can easily buy and apply for Bajaj Allianz car insurance online from the official website of Bajaj Allianz car insurance or through Coverfox.com.
You can check your Bajaj Allianz car insurance from the official website of Bajaj Allianz or else from Coverfox.com.
If your car insurance has expired, then you need to follow these steps:
Apart from instant policy and hassle-free claim service here is are the benefits of buying the Bajaj Allianz Car Insurance policy:
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.
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.