Bajaj Allianz General Insurance offers sought-after Two wheeler insurance plans that are designed to meet the changing needs of customers. A Claim Reference Number is generated when a claim is successfully registered which can be used for knowing the status of the claim. With long term two wheeler bike insurance, you tend to save a significant amount of money. Claim Settlement. The report represents a declaration by the police that the vehicle was unable to be traced by them. This report is then to be submitted to the Bajaj Allianz to start the claim process. Two Wheeler Insurance. Bajaj Allianz offers a different plans to cater to the distinct needs of customers. Why should I buy Bajaj Allianz Two-Wheeler Insurance? This calculation reached at on the basis of the selling price of the bike as determined by the current manufacturer minus depreciation. It was received IRDA certificate in 2001. Hence, it is highly advisable to renew bike insurance, on time. Covers the rider as well as the person riding pillion from injuries sustained due to an accident, Accidents can result in damages to your two wheeler and/or permanent disability/death of a person. The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo. Bajaj Allianz provides you hassle-free inspection process at the time of renewal and thereby offering you a high service standard with two wheeler insurance Eligibility One needs to be above 18 years of age for taking Motor Insurance Policy and must have a valid registration certificate in his/her/firm’s name. Carrying an expired bike insurance policy when riding your bike only means that you are more vulnerable to road mishaps and other third-party liabilities. There are two options for that. You can renew your bike insurance policy online, anytime and anywhere before the expiry date, in a convenient manner. If you are wondering how to renew bike insurance online in a quick and easy way, Finserv MARKETS is the right place to do at. Bajaj Allianz Bike Insurance offers a seamless claim process and excellent claim settlement, makes it a very effective deal. Get 3 & 5 years coverage. You can write to the insurer on the Customer Service Email: hello@acko.com. This Bajaj Allianz two wheeler insurance cover will not protect you or your vehicle. Add to that replacement of a particular two wheeler component (engine for example) and the expenses are bound to sky-rocket. Our Bike Insurance policy covers burglary, theft, riot, strike, malicious act, accident by external means or any terrorist activity. Bajaj Allianz is known for its quick & seamless claim settlement process and instant claim settlement. The digitally signed bike insurance cover can help you show the insurance policy in the absence of insurance coverage. Bajaj Allianz long term two wheeler insurance policy comes with two variants- 2-years and 3-years policy, which provide 360-degree coverage against loss or damage sustained by the insured two-wheeler. This takes one to a page where the below mentioned personal and vehicle details have to be entered and questions about the type of coverage required have to be answered. Bajaj Allianz two-wheeler insurance would settle your claim or reimburse the expenses. The assistance assured includes flat tyre, battery drained, facilities for minor repairs, spare keys delivery, towing, taxi and/or accommodation, and legal advice required (if any). Approval for registration as an Insurance Broker is pending with the IRDAI. You can avail NCB discounts on premiums up to 50% during policy renewal. Thanks Finserv MARKETS! Q4. You can also seek assistance from the Finserv MARKETS team that is committed to serve you better. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. 4th Floor, B2 Building, Cerebrum IT Park, The buying or renewing process provided by the company is simple which can be easily done online by visiting the company’s official site and clicking the correct tabs, 24x7 telephonic assistance is provided to customers to deal with their claim related inquiries, Comprehensive coverage which includes both own two-wheeler damage and third party legal liability, A maximum amount of 50% of the no claim can be transferred from the previous insurance plan by porting the same, SMS alerts are given as a benefit round-the-clock, 24x7, Preferred workshops associated with Bajaj Allianz Bike Insurance can be used for cashless and hassle-free claim servicing, Legal Liability covering Paid Driver, Cleaner or any Workman, Personal Accident Cover for the Occupants, Regular aging of the vehicle which leads to normal wear and tear, Basic breakdown, be it electrical or mechanical, If an accident is committed by a driver without a valid license or under the influence of drugs, Any accidental loss/damage or liability, directly or indirectly caused by nuclear weapons material, Any liability of any nature, directly or indirectly caused by ionizing radiation, contamination by radioactivity from any nuclear fuel, nuclear waste from the combustion of nuclear fuel (nuclear fission process), Wear and tear of consumables including tyres and tubes except when the two-wheeler is also damaged and for which the company will be paying only 50% of the amount required for the replacement of damaged consumables, Any accidental loss or damage and/or liability sustained outside the geographical area covered under the policy, Any accidental loss or damage and/or liability sustained if the insured vehicle is used beyond its limitations, Any claim arising out of a contractual liability, Any accidental loss or damage to property, or any loss or expense resulting from it or any consequential loss, Any accidental loss or damage, and/or liability, directly or indirectly arising due to war, invasion, the act of foreign enemies, hostilities or warlike operations (before or after the declaration of war), civil war, mutiny, rebellion, military or usurped power, Other exclusions as mentioned in the policy wordings, The insured will have to sign the claim form, The valid registration copy of the two-wheeler, The FIR at the local police station or the MCR (Motor Collision Report). I started with the renewal procedure on InsuranceDekho and got to know about NCB. Bajaj Allianz two wheeler insurance is the most popular two wheeler insurance plan and is sold by all the Bajaj Allianz Two Wheeler insurers who provide a motor insurance policy. Comprehensive Coverage: This Bajaj Allianz General Insurance plan offers complete coverage for your bike against any losses/damages due to man-made disasters and natural calamities. Step 3 - Doing A Survey Along With Settling Of The Claim. An unfortunate event such as accident, theft, Third party liability due to accidental damage, injury or death to a third party is covered, Normal wear and tear and depreciation to the two-wheeler, If the insured vehicle is used for the purpose other than the mentioned one, Losses suffered while the vehicle is driven under the influence of alcohol, drugs or other intoxicants. You may also be required to give your personal details, such as contact number, date of birth, etc. Coronavirus Lockdown: Bajaj Allianz Launches New Short Term Motor Insurance Policy Bajaj Allianz has come up with a new usage based policy where vehicles can be insured on usage basis for a shorter period of time instead of a full year period. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 Apply for bike insurance … The personal accident cover for pillion riders covers the treatment costs of your co-passenger in case he/she suffers serious injuries due to a mishap. Bajaj Allianz is providing the Two Wheeler Insurance to keep you and your vehicle secure. Add-On Covers available with the Bajaj Allianz Bike Insurance Policy offer an extra layer of protection for your bike so you can rest assured! Failing to this, could lead to a penalty and in worse cases, even imprisonment. What is the process for Bajaj Allianz Two Wheeler Insurance renewal? Bajaj Allianz is a leading insurer in the General insurance market that provides two wheeler insurance plans with different benefits and coverage. At present, these facilities are available to be offered in 80 cities all over India. Moreover, the long-term plans are cost-effective and low on premiums as the three-year span reduces the cost of issuing policies and administering them. Download the Finserv MARKETS App that helps you manage your account and track your applications - anytime, anywhere. All you have to do is. Bajaj Allianz is one of the leading Insurance company. overcoming these expenses can drill a hole in your pocket. Bajaj Allianz Life Insurance Company is one of the most popular and reputed life insurance providers in India. Q7. Q1. Bajaj Finance Limited does not underwrite the risk. Two, he can get the vehicle towed if it is not possible for him to take the vehicle himself. Add-On Covers available with the Bajaj Allianz Bike Insurance Policy offer an extra layer of protection for your bike so you can rest assured! Q5. The client should then submit a copy of the below mentioned documents to the garage or to the dealer and the documents are also required to be verified along with the originals. The company sends the hard copy of the policy to its policyholders within 7 working days by courier. With unique facilities that keep your two-wheeler financially protected at all times, the plan is a trusted choice. Let us discuss the benefits and coverage of Bajaj Allianz Two Wheeler Insurance. Add-on covers After facing any damage, the vehicle should be taken to the nearest garage. It corresponds to the maximum sum assured fixed on the vehicle by the bike insurance company and is paid against total loss or theft of the bike. While the premium payable in the third party liability policy is decided by the IRDA, the premiums which are payable under this policy will be decided by the company who is issuing the policy. Then confirm the two wheeler insurance plan and choose the add-on covers. If you opt for a long-term bike insurance policy, you can secure up to 20%-30% discount on the policy premium. The company is the forerunner of the cashless claim settlement facility in the insurance sector, making insurance hassle-free and convenient for customers. 74% of the company’s stake is held by Bajaj Finserv while the remaining 26% is held by Allianz SE. Both enjoy a reputation of expertise, stability and strength.Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct various businesses (including Health Insurance business) in India. With a CSR greater that 95%, Bajaj Allianz is one of our trusted insurance partners. With a long-term two-wheeler insurance, you need not go worry about renewing your policy annually. It takes just takes a few easy steps to file a Bajaj Allianz bike insurance claim. Written By: PolicyBazaar - Updated: 27 August 2020, Follow, like, tweet or post. Received an iAAA rating from ICRA for 10th consecutive years. Spot Settlement facility which the company provides through Bajaj Allianz Mobile Statement Service can be availed if the scope of loss is small. What is Compulsory Excess under Bajaj Allianz Two-Wheeler Insurance? If your two-wheeler has been stolen, you should immediately file an FIR with the local police and then inform the company. Among the primary benefits of the policy, one is that there would be no premium hike once purchased, irrespective of the annual hike in premium for third-party cover during the policy term. The process of two wheeler insurance Bajaj Allianz online renewal is customer-friendly. Original repair invoice and payment receipt. Standard T&C apply. Website Compatible Browsers: IE11, Firefox, Safari, Opera, Chrome. Exposure to third-party risks and liabilities. It follows IRDA rules and regulations. One, the customer can take his vehicle himself to the garage. Bajaj Allianz two wheeler insurance policy has been designed to cover you financially in case of damages to your scooter or bike as well as injuries sustained by you owing to any unforeseen event like accidents, natural disasters or theft. With Bajaj Allianz Long Term insurance, you do not have to worry about renewing your policy annually. This is one of the most beneficial features of Bajaj Allianz two wheeler insurance. Network Garages. This financial liability will be paid off by the Bajaj Allianz two wheeler insurance policy which is compulsory. This would also cause minimal further damage. You can also buy the plan directly online by clicking the ‘Buy Now’ tab on the online webpage of the company. Here’s how you can get in touch with Bajaj Allianz team which is dedicated towards providing you a great customer experience. Moreover, it also provides personal accident cover to the rider. This information helps in determining the premium. Finserv MARKETS has made it very easy for you to calculate your Bajaj Allianz Two-wheeler Insurance premium. Bajaj Allianz has various products in its general insurance category right from health insurance to travel insurance including motor and two wheeler insurance plans. How to reduce the premium of Bajaj Allianz Two-Wheeler Insurance? Two wheeler insurance/Bike Insurance refers to an insurance policy, taken to cover against any damages that may occur to your motorcycle / two wheeler due to an accident, theft, or natural disaster. A single-year policy needs to be renewed annually, Get additional NCB benefit at the time of renewal, No effect on third-party (TP) premium during the policy period, With a single-year policy, NCB becomes nil after a claim, Facility of proportional refund that too even after claim (during the policy term), In case of a single-year two wheeler insurance policy, no refund is available in case of any claim. Product information is authentic and solely based on the information received from the Insurer© Copyright 2008-2021 policybazaar.com. All you need is an internet connection, a computer and your policy details. In terms of benefiting from such plans, the policy holder doesn’t have to face the hassle of documentation during policy renewal, making it extremely convenient for him/her. However, a specific percentage of it does reduce, but will never become null. When it comes to buying an insurance policy, Bajaj Allianz General Insurance has been the trusted choice of the customers over the years. Language, https://www.bajajfinservmarkets.in/cust/#/. which the company’s surveyor has informed. In the modern age of technology, Bajaj Allianz bike insurance policy renewal will take a few minutes. The Bajaj Allianz Bike Insurance plan covers the vehicle and the policyholder against the following: Loss or damage to the two-wheeler due to natural disasters: Any loss faced because of natural calamities including explosion, fire, self-ignition or lightning, typhoon, earthquake, flood, hurricane, storm, cyclone, hailstorm, tempest, inundation, frost, landslide, and rockslide. When I applied for the two wheeler insurance on Finserv MARKETS, the customer service executive explained to me the entire process. Different methods can be availed to buy the Bajaj Allianz Two Wheeler Insurance plan: Bajaj Allianz allows its policyholders to renew their bike insurance online. The amount of Bajaj Allianz Two Wheeler Insurance claim which one can avail would depend on the extent of the damage. Step 1: Login with the username and password onto the e-Portal, Step 2: Select the policy details and payment mode: Debit/Credit Card or Net Banking, Step 3: Print/Save the cyber receipt of premium payment. Additionally, any damage in transit via rail, road, inland waterway, lift, elevator or air is also covered by the insurance policy. Upon expiry of your bike insurance policy, you are exposed to risks that were covered by your Bajaj Allianz bike insurance plan. Once the above details have been filled in, the company calculates the premium and shares a quote with the prospective customer and contacts him/her to initiate a purchase. Bajaj Allianz Car Insurance or 4-Wheeler Insurance: Bajaj Allianz has designed the 4-wheeler insurance keeping in mind the high maintaining and service cost of the car and the fact that if the car gets damaged due to an accident. An economically great option, two-wheeler is being accepted on a very large scale in India. Reaching every home, two-wheelers are becoming a key aspect of our life. You can take advantage of hassle-free claim settlement at any of the network garages across India. Damage to the consumables such as tube, tyre where 50% of the replacement cost is provided only if the vehicle is damaged too. The coverage for any other passenger who rides as a pillion or a co-passenger is to be taken separately. But almost 8 days gone, didn't received my updated policy document. Bajaj Allianz two wheeler insurance cover is very cheap because it does not cover you or your own vehicle but any other damaged person or property. Damage or loss due to nuclear risk, civil war, war-like situation etc. Coverage under the best bike insurance plans on a long-term basis include accidents and any unforeseen event. If repairs are done in a preferred workshop, the Bajaj Allianz General Insurance Company settles the claim directly. In addition, you can retrieve instant Bajaj Allianz motor insurance quotes online as well. This way, your insurer is informed in time and you can claim your insurance in a jiffy! What is the Bajaj Allianz Two Wheeler Insurance policy cancellation Process? It is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. The package of roadside assistance is aimed at helping women drivers out. Disclaimer - *Conditions apply. **Discount is offered by the Insurance company as approved by IRDAI for the product under File & Use guidelines #On the basis of your profile, CIN: U74999HR2014PTC053454 Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited) Policybazaar is currently registered as a Web aggregator by IRDAI. With exceptional customer service, Bajaj Allianz Two Wheeler Insurance offers round-the-clock roadside support in case of an emergency breakdown, so you are not stranded on the road. Bajaj Allianz two wheeler insurance policies cover your two-wheeler or bike against physical damage, third party liability, injury, and theft. With Bajaj Allianz Bike Insurance, you need not worry about the sudden bike damages arising due to accidents. What are the benefits offered by Bajaj Allianz two-wheeler insurance? To renew your bike insurance policy, just go to the renewal section of the page and find the form asking the details of your previous policy. Here Is What You Need To Do, A Complete Guide to Third Party Two-Wheeler Insurance, Consequences of Not Buying A Two Wheeler Insurance Policy, Two wheeler insurance policy can be availed for longer period with no effect in the third party premium, Additional benefits such as NCB can be availed at the time of renewal for not claiming the insurance policy, Mid-term cancellation provision even after a claim during the policy tenure, Two to three-year policy coverage without a break. when you do so on the Finserv MARKETS platform. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz. You can also contact us at Finserv MARKETS at insuranceconnect@bajajfinservmarkets.in, so we can assistance you better. The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. Damages caused by fire outbreaks, lightning strikes, earthquakes, floods, typhoons, hurricanes and landslides and other such natural calamities. We Would love to interact with you, New India Assurance Two Wheeler Insurance, 15 Essential Parts of Your Two Wheeler and Their Maintenance Tips, Things to Know About Charging Your Electric Two-Wheeler, 6 Winter Riding Tips that Restrain You from Claiming Bike Insurance, Common Two-Wheeler Problems That Can Lead to Brake Failure and Its Solutions, Safety Tips to Ride a Two-Wheeler in Foggy Conditions. Cases, even imprisonment then you can connect with us, should you need not worry about bike repairs your. Also provides personal accident coverage of up to 50 % of your insured bike injury and... Of customers now seek long-term insurance coverage with Bajaj Allianz bike insurance plans makes a., two-wheelers are becoming a key aspect bajaj allianz bike insurance our life website/page is only for sake... 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