Bajaj Allianz General insurance Co. Ltd. is one of the leading non-life insurance providers in India. Started as a joint venture between Allianz SE and Bajaj Finserv Limited in 2001, the firm has seen tremendous growth over the years.
As per the Motor Vehicles Act, it is mandatory to insure your car (personal/commercial) with at least a third-party liability cover. Third-party liability cover provides a partial financial assurance against liabilities due to unfortunate mishaps. Third-party Insurance policy covers liabilities towards third-party injuries, third-party vehicle damages and external property damage. This policy is also known as ‘act only’ cover.
Bajaj Allianz Third-Party Car Insurance comes with a number of key features and benefits such as:
Bajaj Allianz Third-Party Car Insurance has certain inclusions and exclusions as mentioned below:
Bajaj Allianz will not cover your liabilities in any of the below cases:
Should I raise small claims?
It is better to not raise claim requests for small liabilities that you can pay off on your own. Raising claims requests for small liabilities will only
What is the tenure for my insurance policy?
You insurance policy is valid for 1 year. Once the policy expires, you can renew the policy and extend the car insurance for another year.
In case I decide to sell my car, can I transfer my insurance policy to the buyer at the time of sale?
Yes, you can transfer your existing policy to the new car owner at the time of your vehicle’s sale.
What if my car was being driven by someone else when the accident took place?
As the vehicle is the thing that’s insured, the liabilities will follow the vehicle. You being the vehicle owner and the policyholder will have to pay for the liabilities no matter who was driving the car when the mishap took place.
What is NCB?
No Claim Bonus (NCB) is a reward given by the insurer to the policyholder for every claim-free year. The percentage of NCB will increase with every consecutive year, starting at a minimum of 20% in the 1st year and increasing to a maximum of 50% in the 5th year.