Bajaj Allianz Two Wheeler Insurance

One of the oldest and most trusted names in the Indian motor insurance industry, Bajaj Allianz has some of the best two-wheeler insurance plans on offer. Established in 2001, Bajaj Allianz is a collaboration between 2 eminent companies-Bajaj Finserv Limited and Allianz SE. The company possesses strong expertise in the field of insurance and ever since its conception, it has built a robust network all across the country. Their customer-centric plans are very popular in the Indian insurance market.

The company, since the beginning, has offered both third-party liability as well as comprehensive two-wheeler insurance plans to vehicle owners. However, with changing times and insurance needs, the company has launched various kinds of two-wheeler insurance plans.

What Types of Two-wheeler Insurance Plans are Offered by Bajaj Allianz?

There are primarily three types of bike insurance policies available from Bajaj Allianz. Choose the option that is appropriate for you and keep your vehicle and yourself protected in a wholesome manner.

1. Bajaj Allianz Third-party Two-Wheeler Insurance Policy
   Third-party liability insurance is basic two-wheeler insurance that everyone needs, as per the Indian Motor Act, 1988. If while riding, your two-wheeler causes damage or injury to third-party property or person, the insurance will cover the expenses that you are legally and morally bound to pay. Under this plan, however, there is no cover available for your own vehicle.
2. Bajaj Allianz Comprehensive Two-wheeler Insurance Policy
   The Comprehensive Two Wheeler Insurance policy by Bajaj Allianz offers third party liability cover, along with coverage for your vehicle as well. This is a wholesome cover that has many wide-ranging benefits. It is obviously a little more expensive than a basic third party liability plan, as it offers much wider coverage. It covers the own-damages due to:
   • An accident/ collision
   • Theft/Fire
   • Robbery of the vehicle
   • Damage/ loss that is caused by natural calamities like floods, landslides, earthquakes etc
   • Damage/ loss that is caused by man-made calamities like riots, vandalism etc.
3. Bajaj Allianz Standalone Two-Wheeler Insurance Policy
   This policy can be purchased only when you already have third-party insurance for your vehicle. As third-party insurance would not cover your own damages, you can extend the cover by opting for the Standalone Policy.
4. Bajaj Allianz Bundled Two-Wheeler Insurance Policy
   As per the IRDAI, if you purchase a two-wheeler after September 1, 2018, you need to buy a bundled policy that includes 5 years of third-party liability and 1 or more years of own-damage cover. You can renew your own-damage cover at your convenience.

What are the Benefits of Bajaj Allianz Two Wheeler Insurance?

There are many benefits that you, as a policyholder, can expect to receive when you buy your two-wheeler insurance plan from Bajaj Allianz. Some of them include:

1. Tie-ups with Numerous Garages
   Bajaj Allianz has a tie-up with a large number of garages all across India. This large network of cashless garages makes it very simple for you as you can easily locate a garage in your area and take your bike there for repairs and make a smooth cashless claim.
2. Efficient Customer Care
   The customer support team of Bajaj Allianz is very friendly and helpful. You can contact them 24X7. If you have any queries related to your two-wheeler insurance plan and the doubts will get sorted immediately. You can request a callback or even chat live with customer care through their portal.
3. Available Online
   The company has a very strong digital presence. As a result, you can buy your two-wheeler insurance plan online. You can also pay the regular premiums online and get your plan renewed in an effortless manner. Then, you can file a claim online and get to know the status of your policy or claim online as well.
4. Hassle-Free Claims
   The claim process of the Bajaj Allianz two wheeler insurance plans is very simple. The company is also known for paying out most of the claims, as a result of which, the company’s claim settlement ratio is very high. This is a benefit everyone looks out for.

An Array of Add-Ons

For those who cherish their bike, Bajaj Allianz offers a long list of add-ons. By paying a little extra premium, you can enhance the cover of your policy. Here are some popular add-ons:

• Zero Depreciation Cover
  When you add a Zero Depreciation Cover to your plan, you would not have to pay for the depreciated parts.
• NCB Protect
  With NCB Protect, you can safeguard your No Claim Bonus even if you make a claim.
• Helmet Cover
  In an accident, if you damage your helmet, the repair/ replacement will be done by the company.
• 24X7 Assistance
  God forbid, if your bike breaks down in the middle of nowhere, you will be helped to take it to a nearby garage and drop you at a fitting place.
• Engine Protect 
  Your base insurance policy would not cover the repairing expense of the engine. With the Engine Protect Cover, the damages to the engine will be covered.
• EMI Protection
  If your bike is in a network garage for repair for a specific number of days, the bike’s EMI would be payable by the company.
• Consumable Expenses
  In case of an accident, the products and parts like vehicle oil, coolants etc. would also be covered.
• Personal Accident Cover for Pillion Rider
  With this cover, you can cover the secondary/ pillion rider as well.
  These are some of the handiest benefits, you get when you buy your bike insurance plan from Bajaj Allianz General Insurance.

What is Covered Under the Bajaj Allianz Two Wheeler Insurance Policy?

Now, let us explore the coverage available under the Bajaj Allianz Two Wheeler Insurance plans:

1. Third-party Liability
   The basic third party liability cover offers protection against all third party damages. If you end up hurting the third party or damaging their property with your bike, the insurance provider will compensate the third party on your behalf.
2. Legal Costs
   All legal costs incurred when fighting a case in court, following a dispute raised from a road accident, will also be covered under the Bajaj Allianz two-wheeler insurance plans.
3. Comprehensive Cover
   If you opt for a comprehensive cover, you will get third party liability cover and along with that, you will also get comprehensive coverage for your vehicle’s own damage. This is very helpful as damage to your bike also requires attention and repair. When you have an insurance cover for it, it makes it a lot simpler to keep your bike in the best condition at all times. The comprehensive coverage includes the damages due to:
   • Theft
   • Fire Damage
   • Damage due to natural disasters
   • Damage due to man-made calamities
   • Transportation of the two-wheeler via inland rail/ road/ water/ air

• Personal Accident Cover
  When you get your two-wheeler insured, it is mandatory to have a personal accident cover. Under this cover, disability or death that is caused due to the accident and comes with a cover of up to INR 15 lakhs.

As you can see, the coverage is quite extensive and this goes on to show that the bike insurance plans from Bajaj Allianz are very comprehensive and helpful.

What is not covered in the Bajaj Allianz Two Wheeler Insurance plans?

Always keep these permanent exclusions in mind so that your claim isn't rejected at the last minute.

1. Negligent Riding
   If an accident takes place because of your own carelessness, you will not be able to claim the damages
2. Age-Related Wear and Tear
   Regular wear and tear or depreciation of the vehicle and its parts is not covered
3. Unauthorised Riding
   If the rider does not have a valid Driver’s License, you would not be eligible for a claim
4. Mechanical and Electric failure
   Mechanical and electric failure in the vehicle will not be covered
5. Damages due to substance abuse
   If you were under the influence of an intoxicant when the accident took place, you won’t be eligible for a claim
6. War Damages
   Loss/ damage suffered due to war are not accepted
7. Theft of accessories
   Unless covered, robbery of accessories is not covered in your insurance

How to Apply for a Bajaj Allianz Two Wheeler Insurance Policy?

Fortunately, the process to apply for a Bajaj Allianz Two Wheeler Insurance plan is a very easy one. Once you decide what kind of insurance you wish to purchase, you can visit the company website and follow the following steps:

• Step 1
  Enter your details such as name, date of birth, contact details
• Step 2
  Choose the plan and select the add-ons that you want to opt for
• Step 3
  Enter the vehicle details such as make, model, registration details
• Step 4
  Once all details have been entered, check them and proceed towards payment. The payment can be made through an electric mode

Once that is done, you will be able to get the policy issued in your name then and there. The speed and convenience with which you get a Bajaj Allianz Two Wheeler Insurance plan are really appreciable.

How to Make a Claim for Bajaj Allianz Two Wheeler Insurance?

After an accident, if you have to make a claim,  try and inform the two-wheeler insurance company as early as possible. You may be advised to take your bike to a preferred network garage. However, if a network garage is not accessible, you can take your bike to a non-network garage and you will be reimbursed later.

1. Cashless Claim
   If you opt for the cashless claims, then you simply need to take the bike to the nearest garage that is listed in the list of network garages. You need to inform the insurance provider about this and they will directly settle the dues, after assessing the damages and speaking to the garage technicians.
2. Reimbursement Claim
   If you do take your bike to a non-network garage, you will have to pay the bill yourself and then get it reimbursed. You will need to submit all the original bills. Along with that, you will need certain documents such as the FIR copy, the policy documents, etc.

The claim process is quick and easy and you should not face any challenges if you adhere to the terms and conditions mentioned in the policy.

Bajaj Allianz Two Wheeler Insurance Plans - Review

On average, Bajaj Allianz Two Wheeler Insurance enjoys high ratings from its customers. There are many positive reviews about the insurer as well as the plans. The policyholders praise the comprehensive list of covers available. The company has a wide network of offices and branches all over the country which makes repair cashless and thus very convenient. Customers also express their happiness about the hassle-free nature of claim settlements, renewals, etc. Therefore, on the whole, Bajaj Allianz is known as a very dependable and well-loved provider of two-wheeler insurance plans.

Bajaj Allianz Two Wheeler Insurance Contact Details