Bajaj Two Wheeler Insurance

Two wheeler insurance is the first most important document you should own before you walk out of the showroom. Having an insurance gives you peace of mind, a sense of freedom and security where you can enjoy a tension free ride. Bajaj Allianz is one such company who can help you achieve in all of the said things. Bajaj Allianz two wheeler insurance is a partnership venture between Bajaj Finserv Limited and Allianz SE Company which is a German based financial services company. The company has different products for all kind of insurance requirements like Health insurance. Term insurance, ULIP, Life insurance, Motor insurance, Car Insurance, etc.

The company provides a world class facility for its two wheeler insurance policy holders. It provides protection against accidents, theft, damage, etc. Personal accident cover is included in the comprehensive policy which can be availed up to Rs. 1 Lakh. The company also provides long-term 3 year cover as well.

Key features and benefits of Bajaj Allianz two wheeler Insurance:

• Policy can be purchased online with instant documentation and the same applies for renewal as well.
• You can easily transfer your two wheeler insurance to Bajaj Allianz along with no-claim bonus discount.
• Cashless claim facility available at 4000+ garages across the country and if the facility is not available, 75% of the payment will be done on account.
• 24*7 telephonic service are available for claim support assistance throughout the year.
• Hassle free claim settlements with easy inspections when required.
• Instant help through telephonic communication if you are in trouble and need assistance. SMS alerts will be sent to you for renewal time and claim settlement status update.
• Comprehensive two wheeler insurance policy includes third-party liability cover and personal accident cover.

Inclusions for Bajaj Allianz two wheeler insurance:

Loss or damage to the two wheeler because of natural calamities:

Damage or loss occurred due to a natural calamity like, landslide, floods, storm, cyclone, hurricane, self-ignition, lightning,, earthquake, etc. are covered.

Loss or damage due to man-made calamities:

Burglar, theft, malicious act, accident by external means, terrorist activities, damage while in transit, etc. is covered.

Personal accident cover:

Personal accident cover is an included coverage in the basic comprehensive policy. You can get up to Rs.1 lakh cover in case of accidents or while dismounting from the two wheeler.

Third-party liability cover:

When you purchase a Bajaj Allianz two wheeler comprehensive insurance, it will provide protection against damages caused to the third-party person or property.

Exclusions:

• Regular wear and tear due to ageing of the vehicle
• Electrical or mechanical breakdowns
• Personal vehicle used for commercial purpose
• Driving without a valid license or not in accordance as per the regulations by IRDA
• Riding while intoxicated
• Loss or damage caused due to nuclear war
• Total loss due to theft or accessories due to burglary unless the vehicle is stolen at the same time
• Normal wear and tear of tyres and tubes and other extra fittings

If you are buying a long-term insurance, then the risk of premium hike annually does not affect your policy. No-claim bonus will freeze after one claim in an annual policy, while in three-year policy the percentage of NCB will be reduced but will not become zero.

Cancellation:

If you are canceling the policy during a policy year, you can do so stating a proper reason. If your policy is a long-term policy, then a proportional refund will be paid to you on prorata basis even if you had claimed during the policy period.

If you had opted for an annual term policy, you can cancel the policy only if you have not made a claim during that year, else you will have to continue with the policy and complete the policy year only after which you can cancel the policy.

Additional optional covers available under Bajaj Allianz two wheeler insurance:

• Pillion rider cover
• Loss of Accessories cover
• Legal liability cover for riders other than owner

Claims:

• If the vehicle is damaged due to an accident or stolen, then you need to inform the insurer immediately and if a third-party is injured in the accident, then you will have to register an FIR of the incident. The same coy should be submitted to insurer as the recorded evidence of the incident.
• On informing the insurer, the vehicle will be towed and you can get it repaired with the network of garages of the insurer. The vehicle will be inspected by an official sent by the insurer. A part of the towing charges will be paid by the insurer.
• You should submit a written application for the claim with FIR copy, vehicle details, owner’s personal information with ID proof, etc. must be submitted to the executive. A reference number will be generated and you can follow up for the claim status with that number.
• Documents required for claim are RC, DL, insurance copy, copy of FIR if any, repair estimated cost sent by the garage and personal details of the owner.
• Bajaj Allianz provides spot settlement facility of the claim amount is small. Depreciation value of the bike, voluntary excess will be paid to you after as per the IDV calculation.

Online purchase:

You can easily purchase two wheeler insurance online on the insurer’s website itself with only few details and documents. It is easy, fast and quick and you do not have to pay any commission to agents or middlemen. If you want to compare other insurer’s quotes with Bajaj Allianz insurance, you can do so with the help of online bike insurance calculator available on Bajaj Allianz website. You have to input few values of the bike like registration number, make and model of the bike, cubic capacity, manufacturing year and fuel type.

Bajaj Allianz is one of the leading insurance provider in the country. The competitors for the company are HDFC ERGO, IFFCO TOKIO, ICICI Lombard, Bharti AXA, etc. Bajaj is one of the most trusted brand in the country be it in automobile or financial services. They have won many accolades and awards for their customer service and grievance resolving capacity. For more information log on to the Bajaj Allianz website.