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Bajaj Allianz Two Wheeler Insurance

Get complete details about Bajaj Allianz Two Wheeler insurance/ Bike Insurance Plan online on Coverfox.

Bajaj Allianz Two Wheeler Insurance is one of the main 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 two wheeler insurance plans with additional add-on covers such as depreciation shield, engine protector, consumables expenses, own damage premium cover. Conveyance benefit, key and lock replacement, personal baggage and 24x7 assistance.

Key Features of Bajaj Allianz Two Wheeler Insurance

  • Instant renewal Instant paperless renewal
  • Claim settlement 24 x 7 claim settlement service
  • Long-term - (3 year) policy with one click
  • Bajaj Allianz Bike Insurance Add-On

    • Consumables cover
    • Zero depreciation cover
    • Accessories cover
    • Return to invoice cover

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    Benefits of Buying Bajaj Allianz Two Wheeler Insurance

    • Cashless Garage Network 4000 Cashless garage across India
    • Special Add-on covers – Zero Depreciation, Engine Protector, Consumables, etc.
    • Get about 75% cash payment in the absence of cashless facility

    Eligibility for Two Wheeler Insurance by Bajaj Allianz

    Bike owners who have their vehicles registered with the Regional Transport Authority in India under their respective names, can buy two wheeler insurance from Bajaj Allianz.

    Coverages Offered by Bajaj Allianz Two Wheeler Insurance?

    Bajaj Allianz insurance policy for two wheeler covers Own Damage and Third-party liability insurance. Bajaj Allianz also offers long-term policy.

    Types of coverage

    Own Damage

    Bajaj Allianz two insurance policy will cover the cost of any loss or damage to your two wheeler and its accessories during the following events:

    • Fire, explosion, self-ignition or lightning
    • Earthquake, flood, typhoon, hurricane, storm, tempest, inundation
    • Cyclone, hailstorm, frost, landslide, rockslide
    • Burglary, theft, riot, strike, malicious act
    • Accident by external means, terrorist activity
    • Any damage in transit by road, rail, inland waterway, lift, elevator or air
      • Third Party or Liability

        This policy serves as protection against legal liability due to accidental damages, resulting in bodily injuries or death of a third party, and/or any loss or damage incurred to the third party property.

        Personal Accident Cover

        This policy also cover personal accident cover for the driver/owner of the insured vehicle. An optional cover for the electrical and non-electrical accessories of your two wheeler, which includes horns, buzzers, seats, leg guard, etc. is also available.

        Features 1 year Package Policy 3 years Long Term Package Policy
        Renewal frequency Every year Once in three years
        Coverage period Every year Three years
        Premium hikes Every year TP premium increases No effect in the TP premium during policy period
        NCB Benefit As per tariff Additional benefit at the time of renewal
        NCB benefit after a claim NCB become 0 after one claim NCB gets reduced but does not become nil
        NCB gets reduced but does not become nil No refund in case of any claim No refund in case of any claim

    Add-on Features of Bajaj Allianz Two Wheeler Insurance

    Bajaj Allianz offers a varied range of add-on covers under different plans.

    • Drive Assure Basic: Offers only Depreciation Shield
    • Drive Assure Sliver: Offers Depreciation Shield, Engine Protector and Consumable Expenses

    Depreciation Shield:

    It covers the full cost of repair or replacing the depreciable parts of the insured two wheeler vehicle. The cost of depreciable parts such as plastic, rubber, metal, etc. is not fully covered in the policy. With this cover, you are financially safeguarded against expenses incurred in the repair or replacement of depreciable parts (except tyre(s) tube(s) damaged in accidents or any other perils mentioned in Own Damage.

    Engine Protector:

    It covers the cost or repair incurred due to the loss or any damage to the engine and/or gear box due to water ingression and/or oil leakage.


    The cost of consumables can exceed the pre-determined sum assured at the time of making a claim. This add-on cover covers the cost of consumables such as nuts, bolts, washers, gasket, brake oil, etc.

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    Discounts Offered by Bajaj Allianz Two Wheeler Insurance

    Bajaj Allianz General Insurance offers many attractive discounts that the policyholder can avail.

    No Claim Bonus (NCB)

    You can avail this No claim Bonus discount on the premium for the next policy year, provided you have not raised any claims throughout the policy year. Since this discount is cumulative, it keeps on increasing with consecutive no-claim years. The table below shows the percentage of discount.

    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%

    Other Discounts

    Bajaj Allianz General Insurance offers discounts if you are a member of any recognised Automobile Association of India.

    Voluntary Deductible

    Bajaj Allianz offers an additional discount as Voluntary Deductible, that is, you can opt to pay a certain amount of money at the time of claim and this gets you benefited to avail this discount on the premium amount.

    Discount on Anti-theft

    You also get discount if you install an Anti-theft device.

    Bajaj Allianz Two Wheeler Insurance Exclusions

    • Compulsory deductible amount
    • Normal wear and tear and general ageing of the vehicle
    • Mechanical and Electrical Breakdown
    • Driving without a valid driving license
    • Damage to tyre(s) and tube(s) (Unless due to an accident)

    Other exclusions as mentioned in the policy wordings

    Bajaj Allianz Two Wheeler Insurance Claim Process

    Contact Details

    • Website:
    • Email:
    • 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

  • Immediately contact Bajaj Allianz on their toll-free number 1800-209-5858
  • Lodge a claim with duly signed Claim Form
  • Copy of Driving License, RC book, Policy document
  • FIR, if required (Kindly note down, contact details of people and vehicle number involved in accident)
  • Original Repair Estimate Bill
  • In case of cashless service, only Invoice receipt
  • In case of reimbursement provide estimate bill, original invoice and payment receipt
  • b) In case of Theft

  • Immediately contact Bajaj Allianz on their toll-free number 1800-209-5858
  • Lodge the claim with duly signed claim form
  • Original keys with Copy of Driving License, RC book, Policy document
  • Police FIR copy
  • Duly signed Form 26, 28, 29, 30 and Form 35.
  • Final confirmation with “No Trace Report” of the insured vehicle from the police
  • c) In case of Third Party Claims

  • Immediately contact Bajaj Allianz on their toll-free number 1800-209-5858-
  • Lodge the claim with duly signed claim form
  • Police FIR copy
  • Copy of Driving License, Policy and vehicle’s RC book
  • 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
    • Vehicle Delivery

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    Bajaj Allianz Two Wheeler Insurance Review

    With cashless settlement at over 4,000 authorized garages that are a part of Bajaj Allianz’s network, and 75% on account payment in the 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, the company reserves one of the top slots in the Indian market. The plans on offer are comprehensive, and when clubbed with appropriate add-on features, they can provide an all-inclusive financial protection for insured two wheelers.

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    Frequently Asked Questions