Bajaj Allianz Two Wheeler Insurance -  Check out  Benefits and Features

Two-wheelers are abundant on the roads in our country and the chances of accidents are high. In many cases, people involved in an accident and liable to pay for damages, regardless of whether they can afford it or not. As a result, the Government of India has made it mandatory for all vehicle owners to have at least a basic third-party liability policy. Bajaj Allianz, one of the leading general insurance companies in the countries, offers three types of two-wheeler insurance policies to prospective customers.

Features and Benefits of Bajaj Allianz Two Wheeler Insurance

Reasons to Choose Bajaj Allianz two-wheeler insurance

When you opt for a two wheeler insurance policy from Bajaj Allianz, you stand to benefit from a number of value-added features.

• Instant Claims

Get assistance from Bajaj Allianz and make instant claims through the 24x7 call centre. You will also receive SMS updates on the status of your claim.

• Buy and Renew Online

You can purchase a two-wheeler insurance policy online. You can also renew your policy in a few simple steps.

• NCB Transfer

You can transfer up to 50% of your existing No Claim Bonus from any insurance provider when you opt for a policy from Bajaj Allianz.

• Customer Care

Customers can reach out to the dedicated customer care helpline 24x7, even on holidays. The customer care team will be able to provide support for claims and assistance in anything required from Bajaj Allianz.

• Inspection

Bajaj Allianz provides hassle-free inspections with high service standards.

Bike Insurance Plans Offered by Bajaj Allianz

There are three plans on offer from Bajaj Allianz that cater to customers who need a two-wheeler insurance plan.

Long-Term two-wheeler insurance Policy

This plan has a tenure of 2 or 3 years and comes with additional benefits. During the policy term, there is no change in the third-party premium. At the time of renewal, the plan offers an additional NCB benefit. If you make a claim, the NCB reduces but does not become zero. If the policyholder wishes to cancel the plan, a proportional refund will be paid.

Annual two-wheeler insurance Package Policy

This is a short-term plan that provides insurance coverage for your two wheeler. With this plan, the third-party premium increases each time you renew the policy. If you make a claim, then the No Claim Bonus will be reduced to zero. If you cancel the policy after making a claim, then no refund is payable.

Third Party – Liability Only Insurance Policy

This policy offers basic insurance coverage to the policyholder. With this plan, you receive a personal accident cover and a third-party legal liability cover. Thus, this policy will provide coverage if any damages are caused to a third party’s property or if an accident causes the death of a third party or bodily injuries to the third party.

Coverage Offered Under Bajaj Allianz Two Wheeler Insurance

• Loss or damage to own vehicle due to natural calamities

If your vehicle is damaged or lost completely due to natural events, the insurance plan will pay out a benefit to cover the expenses or losses. The natural calamities covered include self-ignition or lightning, fire, explosion, flood, typhoon, earthquake, storm, hurricane, tempest, inundation, hailstorm, cyclone, frost, landslide, and rockslide.

• Loss or damage to own vehicle due to manmade calamities

The two wheeler insurance policy will also cover certain manmade disasters. These include theft, burglary, riot, strike, accident by external means, malicious act, terrorist activity, any damage in transit by air, rail, road, rail, inland waterway, lift, or elevator.

• Personal accident cover

The owner or driver will get an individual accident insurance cover for any injuries sustained while driving, travelling, mounting or dismounting the bike. Policyholders can also take additional cover for pillion riders and unnamed riders.

• Third-party liability

For any accidental damages caused to a third party, the insurance pays for any legal liabilities as per the provisions of the plan. The insurer will cover any expenses related to accidental death, permanent injury or damage to property of a third party.

*Note: The coverage offered will vary based on the type of policy you purchase.

Exclusions in Bajaj Allianz Two Wheeler Insurance

There are certain exclusions applicable under a bike insurance policy from Bajaj Allianz. Under these particular circumstances, the insurer will not be liable to pay any benefits to the policyholder.

• Normal wear and tear of the vehicle including general ageing
• Electrical or mechanical breakdown
• Damage caused by a person riding without a valid driving licence
• Damage caused by a person riding under the influence of alcohol or drugs
• Vehicles used for purposes other than in accordance with the limitations of use
• Loss or damage due to war, nuclear risk or mutiny
• Accessories and consumables in the following cases:

• Loss or damage to accessories of the vehicle due to burglary or theft of house, not including theft of the vehicle itself at the same time.
• Wear and tear of tyres, tubes and other consumables, unless the vehicle is damaged at the same time. In this case, the company will pay up to 50% of the replacement cost.

Eligibility to Buy Bajaj Allianz Two Wheeler Insurance Online

There are certain aspects that any insurance company will check before handing out an insurance policy. The eligibility criteria differ between companies, and also between purchase and renewal. To avail a bike insurance policy, a few requirements need to be fulfilled by the vehicle owner.

• Driver details - The person availing the policy should be of legal age to ride and have a valid licence.
• Registration - The bike needs to be registered with a Regional Transport Office (RTO) in the country.
• Fitness certificate - The vehicle might need a fitness certificate.
• Payment - Depending on the plan chosen, a premium amount will have to be paid to avail the policy.
• Modifications - Modifications made to the vehicle might result in insurance companies being reluctant to provide insurance cover.
• Inspection - Depending on the vehicle, an inspection by a representative of Bajaj Allianz might be required.

Steps To Buy or Renew Bajaj Allianz Bike Insurance Policy Online

You can buy a two wheeler insurance policy from Bajaj Allianz easily online. The steps to do so are as follows:

• Visit the Bajaj Allianz official website and opt for Motor Insurance
• Click on “Buy Now” under the two-wheeler insurance product that you wish to purchase
• You will be redirected to a page where you are given three options:
• Other company renewal
• Insurance for the new vehicle
• Renew Bajaj Allianz Policy
• If you already have a policy from another company and wish to transfer to Bajaj Allianz, then choose “Other Company Renewal”
• Enter your vehicle registration number, your name, mobile number and email address, and click on “Get A Quote”
• If you are happy with the quote, you can proceed to purchase the plan
• If you wish to buy a policy for a new vehicle, click on “Insurance for new vehicle”
• Enter your name, mobile number and email address to get a quote.
• If you are happy with the quote, then you can proceed to buy a new policy
• If you already have a policy from Bajaj Allianz and wish to renew it, you will need to click on ‘Renew Bajaj Allianz policy”. Post this, you will need to enter the registration number of your vehicle and your insurance policy number and then click on ‘Proceed to Renew’

Once the premium payment is made, the policy will be issued immediately via email. A hard copy will be sent to your registered address within 7-10 days.

Alternatively, customers can purchase or renew a policy by contacting the customer care on 1800-209-0144 or by sending an email to websales@bajajallianz.co.in.

How to Make a Claim from Bajaj Allianz General Insurance

If you need to make a claim on your bike insurance policy, you can follow the steps below:

• Register your claim with Bajaj Allianz online or via customer care, or at a branch.
• You can then send your vehicle for repair, if needed.
• Submit your documents to the insurer for verification.
• The insurance provider will verify your claim, and if approved, will settle the claim.

If you are eligible for cashless claims, you need to get your vehicle repaired at a network garage. The garage and the insurance provider will deal with each other directly. You will not be required to pay for any repairs up to the extent that the policy covers. Bajaj Allianz will settle the bill with the garage. A list of network garages can be found on the Bajaj Allianz website.

Why Deductible is important in a Bajaj Allianz Two Wheeler Insurance Plan?

When you take an insurance plan, the insurer might give you an option to choose your deductibles. Deductibles are simply the amount you are willing to pay if anything were to happen to your vehicle. The insurer will pay the rest. For example, if you opt for a 10% deductible, then you will be liable to pay for 10% of the damages caused to your vehicle or a third party. The insurer will only pay 90% of the cost, to the extent of the sum assured.

A higher deductible will lower your premiums, but this will also mean that in case of an accident, you will be liable to pay a higher amount.

Choosing a lower deductible will increase your premiums, but at the time of claiming insurance, Bajaj Allianz will pay a higher amount.

What to do if Your Bajaj Allianz Bike Insurance Plan Expires?

Bajaj Allianz will send regular reminders to renew your policy so that you do not miss the expiration date. You can also set renewal reminders on their website. However, if you have missed the renewal date and your policy has lapsed, there are a few things you can do to remedy the situation.

• Contact Bajaj Allianz as soon as possible and seek advice as to how to go about renewing your policy. You can ask to talk to an expert through the official website, too.
• There might be a grace period or a reinstatement period within which you can renew your policy without much hassle.
• You can log on to the Bajaj Allianz official website and opt to renew your policy, and see the options they provide you with.
• Insurance providers generally require an inspection of the vehicle before they can renew a lapsed policy.
• You will need to pay the premium to renew the policy. Please note that if the insurer finds good reason, they can increase your premium payable.

Bajaj Allianz Two Wheeler Insurance Customer Care Service

Bajaj Allianz provides a customer care service round the clock to address any grievances, claim settlements, queries, and complaints that customers might have.

• Toll-free number: 1800 209 5858
• Email: bagichelp@bajajallianz.co.in

Bajaj Allianz Two Wheeler Insurance Frequently Asked Questions

1.If I want to sell my bike, can I transfer the insurance policy?

Yes, this option is available with Bajaj Allianz. You need to hand over the relevant documents to the buyer, intimate Bajaj Allianz about the transfer, and also inform the RTO that you have sold the bike and transferred the insurance.

2.What are the documents required for renewal of my two-wheeler insurance?

You need your previous insurance copy and the registration certificate of the vehicle.

3.What is Insured Declared Value? Is it important?

The Insured Declared Value or IDV is basically the market value of your vehicle that has been adjusted for depreciation. IDV is important because if you choose a sum higher than the market value, you might end up paying higher premiums for no reason. If you choose a lower IDV, then your premiums come down but so will your insured amount.

4.What is a No Claim Bonus?

If you do not make any claims during the policy period, then upon renewal, the insurer will give you a No Claim Bonus. This bonus is given in the form of a discount on premiums. So if you have not claimed insurance, then when you renew your policy, your premium amount will be lesser. NCB accumulated by one person cannot be transferred to another person.

5.Can I carry my insurance policy on my phone?

Yes, you can get your insurance policy directly on your mobile phone by accessing the Bajaj Allianz mobile app - Insurance wallet.

6.Can I cancel my two-wheeler insurance policy during the policy term?

Yes, you can cancel your two-wheeler insurance policy during the policy term. However, given that all vehicle owners are mandatorily required to have at least a third-party liability insurance cover, it is likely that your motor insurance provider will require you to submit documents to prove that you have purchased another insurance policy for your vehicle or that your vehicle’s registration certificate has been canceled by the respective RTO.

7.What are certain discounts I can avail on my two-wheeler insurance policy?

Policyholders with comprehensive two-wheeler insurance policies can avail the No Claim Bonus if they don’t file claims during the tenure of the policy. Also, if you have installed security devices that are approved by the Automotive Research Association of India (ARAI), you will be eligible to receive a discount on the own damage premium. Further, if you are a member of a recognized Automobile Association, you can claim a discount on your own damage premium. Your insurer might also offer you other discounts, based on their terms and conditions.

8.Is it safe to purchase or renew two-wheeler insurance policies online?

Yes, it is completely safe to purchase or renew two-wheeler insurance policies online. You can also pay your premium through secure online payment channels provided by your insurer. Purchasing or renewing your two-wheeler insurance policy online is a seamless and hassle-free process since you can complete the process from anywhere and at any time, based on your convenience.

9.What are certain exclusions under comprehensive two-wheeler insurance policies?

Certain exclusions that are applicable to comprehensive two-wheeler insurance policies are as follows:

• Electrical/mechanical breakdown
• Aging of the two-wheeler or wear and tear
• Depreciation
• Consequential loss
• Driving under the influence of alcohol or drugs
• Driving without a valid driving license
• Deliberate accidental loss

*Note: For the complete list of exclusions, you should refer to your policy document/brochure.

10.I use my two-wheeler very rarely. Is it still necessary to purchase insurance?

Yes, you should purchase a two-wheeler insurance policy for your vehicle, regardless of how often you use the vehicle. That being said, if your two-wheeler is very old or if you rarely use your two-wheeler, you can opt for a third-party liability-only insurance policy, which offers more basic coverage.