Bajaj Allianz General Insurance

With Allianz SE holding 26% share and Bajaj Finserv Limited a 74% share in the company, Bajaj Allianz General Insurance Company was founded in 2001. Offering a number of insurance policies for different sectors, in FY 2017-2018, Bajaj Allianz was the most profitable insurer in India earning Rs.921 crore after tax. In the same financial year, the company collected Gross Written Premiums (GWP) amounting to Rs.9,487 crore at an exponential growth of 23.41% as compared to FY 2016-2017.  

Popular Insurance Products Offered by Bajaj Allianz General Insurance Company

Bajaj Allianz Motor Insurance Policies 

Listed below are the motor insurance policies offered by Bajaj Allianz:  

• Car Insurance policy 

This policy is a comprehensive car insurance policy which comes with third-party liability protection as well as own damage protection against financial losses for the policyholder. Policyholders are financially protected against natural calamities, accidents and theft.  

•  Two-wheeler insurance policy 

Catering to bikes plying on the roads in India, this is a comprehensive two-wheeler insurance policy with own damage cover for the policyholder and the third-party liability protection as well. The policyholder is offered financial protection under a number of circumstances.  

• Liability-only insurance policy 

This policy is a third-party insurance policy for two-wheeler and four-wheeler vehicles in India. The liability-only insurance policy offers financial protection against damage caused to the vehicle and medical expenses due to an accident, and compensation if the accident leads to the death of the third-party.  

• Commercial vehicle third-party insurance policy 

Specifically designed for commercial vehicles, as the name suggests, this policy offers financial protection for the owner of the vehicle and the business against financial losses that could be claimed by a third-party following an accident involving his/her commercial vehicle.  

Bajaj Allianz health insurance Policies 

Listed below are 3 popular health insurance policies offered by Bajaj Allianz General Insurance: 

•  Individual Health Insurance Plan 

As the name of the policy suggests, this health insurance policy is designed for individuals only, and comes with coverage for pre-hospitalisation and post-hospitalisation expenses as well as a sum assured anywhere between Rs.1.5 lakh and Rs.50 lakh. Policyholders can opt for the cashless claim settlement facility at any of the 6,000+ network hospitals of Bajaj Allianz General Insurance.  

• Health Insurance plan for Family – Health Guard 

A family floater plan, under which policyholders choice of a policy tenure of 1, 2, or 3 years, alongwith the option of a lifelong renewal. The policy includes coverage for ambulance charges and day care treatments. Policyholders are offered a sum assured of up to Rs.50 lakh.  

• Health Insurance Critical Illness 

This health insurance policy offers coverage if the policyholder or insured person is diagnosed with a critical illness. The sum assured that is payable if the policyholder is diagnosed with a critical illness is up to Rs.50 lakh.  

Bajaj Allianz Travel Insurance Policies 

Listed below are 2 travel insurance plans offered by Bajaj Allianz:  

• Individual Travel Insurance 

Under Individual Travel Insurance, customers have 3 plans to choose from – Travel Companion Plan, Travel Elite Plan and Travel Prime Plan. The plans offer coverage in the case of emergency hospitalisation, if the policyholder loses his/her luggage, etc.  

• Travel Insurance for Senior Citizens 

Catering to those over the age of 60 years old, the Senior Citizen Travel Insurance plan also offers the Travel Companion, Travel Elite Plan and the Travel Prime Plan policies, depending on the age of the policyholder. The policies offer financial protection against medical expenses, loss of luggage, or if the trip is cancelled or if the policyholder’s house is burgled while he/she is on the trip.  

Bajaj Allianz Home Insurance policy 

Bajaj Allianz General Insurance offers the My Home Insurance policy that protects the policyholder from financial losses if his/her house is damaged or completely destroyed following a natural disaster or an accident such as fire. In addition, the household goods of the policyholder are insured as well. Policyholders can choose a policy tenure up to 3 years.  

Bajaj Allianz Cyber Safe Insurance 

The Individual Cyber Safe Insurance Policy offered by Bajaj Allianz offers coverage for any financial loss that could be caused to the policyholder in the case of misuse of data following identity theft, hacking, cyber stalking or any sort of privacy breach online.  

Bajaj Allianz Commerical Insurance policies 

The commercial insurance policies offered by Bajaj Allianz offer coverage for any sort of financial setback that could be faced by a company or organisation. Bajaj Allianz General Insurance offers property insurance, marine insurance, liability insurance, financial lines insurance engineering insurance, energy insurance, employee benefit insurance and international insurance solutions.  

For any question, grievance or feedback, Bajaj Allianz policyholders and customers can contact the toll-free number of the insurer at 1800-209-5858. To purchase a policy and know about any of the above-mentioned insurance products, customers can dial 1800-209-0144. Existing policyholders can renew their policies online on the website of Bajaj Allianz by clicking on the ‘renew’ tab on the home page.