• Bajaj Allianz Third Party Car Insurance Policy

    Car Insurance
    • Protect yourself with third party or comprehensive cover
    • Use bumper to bumper policies to reduce your liability
    • Enjoy facilities like zero depreciation and roadside assistance covers

    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.

    Third-Party Car Insurance Policy

    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.

    Key Features and Benefits of Bajaj Allianz Third-Party Car Insurance

    Bajaj Allianz Third-Party Car Insurance comes with a number of key features and benefits such as:

    • Covers your liabilities completely in case of accidental demise of/harm to a third party
    • Personal Accident Cover provided for the policyholder, driver and passengers
    • Efficient claim registration process
    • Hassle-free claim settlement
    • Instant policy purchase and renewal online
    • Covers your liabilities in case of accidental damage to property of a third party
    • Dedicated customer care providing assistance 24X7

    Bajaj Allianz Third-Party Car Insurance Inclusions and Exclusions

    Bajaj Allianz Third-Party Car Insurance has certain inclusions and exclusions as mentioned below:

    • Inclusions:
      • Covers for accidental damages to a third-party property
      • Full compensation will be paid in case of demise or complete and permanent incapacitation of a third-party
      • 50% of the compensation will be provided in the event of partial and permanent incapacitation of a third-party
    • Exclusions:

    Bajaj Allianz will not cover your liabilities in any of the below cases:

    • Damages/loss due to natural calamities, self-ignition, explosion, lightning, etc.
    • Damages/loss due to man-made calamities like riots, vandalisms, etc.
    • Damages/loss due to theft, break-ins, etc.
    • Damages/loss to own vehicle during its transit by road/rail/waterway, etc.
    • Regular wear and tear of the vehicle.
    • Loss in value of the vehicle due to depreciation.
    • Electrical or mechanical breakdown.
    • Damages/loss incurred while driving under the influence of intoxicants.
    • Damages/loss incurred while driving without a valid driver’s license.
    • If the car is used for illegal purposes.
    • If the car is used beyond the insurance policy specified limitations.
    • Loss/damages due to wars, mutiny, nuclear weapons, etc.
    • Damages to rubber parts of the car like tyres and tubes.
    • Liabilities towards your own car repairs.
    • Doesn’t cover the loss of your belongings present in the car at the time of the mishap.
    • In case the mishap take place outside of the specified geographical location.

    Bajaj Allianz Third-Party Car Insurance FAQS:

    1. Should I raise small claims?

    2. 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

    3. What is the tenure for my insurance policy?

    4. 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.

    5. In case I decide to sell my car, can I transfer my insurance policy to the buyer at the time of sale?

    6. Yes, you can transfer your existing policy to the new car owner at the time of your vehicle’s sale.

    7. What if my car was being driven by someone else when the accident took place?

    8. 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.

    9. What is NCB?

    10. 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.

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