Bajaj Allianz Two Wheeler Insurance Plan 2023: Comprehensive Coverage for Your Two-Wheeler

Welcome to our comprehensive guide on Bajaj Allianz Two Wheeler Insurance Plan for 2023. As a leading name in the Indian motor insurance industry, Bajaj Allianz offers some of the best bike insurance plans. Established in 2001 through a collaboration between Bajaj Finserv Limited and Allianz SE, Bajaj Allianz has amassed a strong foothold in the insurance sector and has built a robust nationwide network.

A Trusted Name in Insurance

Bajaj Allianz General Insurance Company Limited, with its headquarters in Pune, is a joint venture with Bajaj Finserv holding a 74% stake and Allianz SE holding a 26% stake. Over the years, the company has demonstrated its financial strength, stability, and expertise, making it one of India’s most financially sound general insurance companies. In the previous fiscal year, Bajaj Allianz recorded a 28.1% increase in net profit to Rs 999 crore and a revenue growth of 15.6% to Rs. 12,833 crore. With a wide range of insurance products, including Two Wheeler Insurance, Health Insurance, Vehicle Insurance, Travel Insurance, Home Insurance, Business Insurance, and Digital Safe Insurance, the company has established itself as customers’ preferred choice.

Unparalleled Customer Focus

At Bajaj Allianz, the mission is to understand customers’ insurance needs and translate them into affordable insurance products that cater to those requirements. The company strives for technical excellence in every aspect of motor insurance, health insurance, and more. The customer-centric approach has earned Bajaj Allianz numerous accolades and awards. It has been recognized as the ‘Best Motor Insurance Provider of the Year’ by Business Today-Cash Today Financial Services Awards. With a pan India presence boasting 759 branches, Bajaj Allianz aims to reach everyone needing bike insurance and other solutions.

Exploring Bajaj Allianz Bike Insurance

Bajaj Allianz offers three main types of two-wheeler insurance plans to suit your specific requirements. Let’s dive deeper into each of them:

1. Bajaj Allianz Third-party Two-Wheeler Insurance Policy

Per the Indian Motor Act of 1988, third-party liability insurance is mandatory for every bike owner. This insurance covers damages or injuries caused to third-party property or individuals. It ensures you are financially protected and covers the expenses you are legally and morally obligated to pay. However, please note that this policy does not cover your vehicle.

2. Bajaj Allianz Comprehensive Two-wheeler Insurance Policy

The Comprehensive Bike Insurance policy by Bajaj Allianz offers third-party liability cover and coverage for your own vehicle. This extensive coverage comes with a range of benefits. Although it may be slightly more expensive than a basic third-party liability plan, the additional coverage is well worth it. The policy covers damages caused by:

• Accident or collision
• Theft or fire
• Robbery of the vehicle
• Damage or loss due to natural calamities like floods, landslides, earthquakes, etc.
• Damage or loss due to man-made calamities like riots, vandalism, etc.

3. Bajaj Allianz Standalone Two-Wheeler Insurance Policy

This policy can be purchased only if you already have third-party insurance for your vehicle. As third-party insurance does not cover damages to your own vehicle, you can enhance the coverage by opting for the standalone policy.

4. Bajaj Allianz Bundled Two-Wheeler Insurance Policy

According to the Insurance Regulatory and Development Authority of India (IRDAI), if you purchase a bike after September 1, 2018, you must buy a bundled policy with 5 years of third-party liability coverage and at least 1 year of own-damage cover. You can conveniently renew your own damage cover as per your preference.

Why Choose Bajaj Allianz Two Wheeler Insurance?

Bajaj Allianz offers numerous benefits to policyholders, ensuring a hassle-free and comprehensive insurance experience. Here are some key advantages:

1. Tie-ups with Various Garages

Bajaj Allianz boasts a wide network of tie-ups with garages across India. This extensive network of cashless garages makes it incredibly convenient to locate a nearby garage for repairs and file a smooth cashless claim.

2. Efficient Customer Care

The customer service team at Bajaj Allianz is friendly, helpful, and available to assist you 24/7. Whether you have inquiries regarding your bike insurance plan or need clarification on any aspect, the team ensures prompt resolution. You can request a callback or live chat with customer care through their portal.

3. Online Availability

Bajaj Allianz has a robust digital presence, allowing you to purchase your bike insurance plan online. You can also conveniently pay premiums online and easily renew your policy. Additionally, you can file claims online and track the status of your policy or claim.

4. Hassle-free Claims

The claim settlement process for Bajaj Allianz bike insurance plans is streamlined and hassle-free. The company is renowned for its high claim settlement ratio, with a track record of promptly settling most claims. This high settlement ratio is a benefit that policyholders highly value.

In conclusion, Bajaj Allianz Two Wheeler Insurance Plan 2023 offers comprehensive coverage and a range of benefits for bike owners. Whether you opt for a third-party policy, comprehensive policy, standalone policy, or bundled policy, Bajaj Allianz strives to meet your insurance needs and provide affordable and reliable solutions. Bajaj Allianz is a trusted name in the insurance industry with its stellar reputation, extensive network, and customer-centric approach.

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With Bajaj Allianz, you can secure your two-wheeler and ride confidently, knowing you have reliable insurance coverage. Choose the plan that best suits your requirements and enjoy the peace of mind that comes with comprehensive protection for your valuable asset.

An Array of Add-Ons for Your Bike: Enhancing Your Bajaj Allianz Two-Wheeler Insurance Policy

When it comes to protecting your beloved bike, Bajaj Allianz understands that you value its performance and overall well-being. That’s why they offer a significant list of add-ons that can enhance the coverage of your two-wheeler insurance policy. By paying an additional premium, you can customize your policy to suit your needs better and provide comprehensive protection. Let’s take a closer look at some of the popular add-ons offered by Bajaj Allianz.

Zero Depreciation Cover: Preserving the Value of Your Bike

With the Zero Depreciation Cover, you can ensure that you won’t have to bear the cost of depreciation when it comes to replacing or repairing parts of your bike. This add-on provides coverage for the full value of the parts without accounting for depreciation. It’s an excellent option for those who want to keep their bike in top condition without worrying about the financial burden of replacing worn-out parts.

NCB Safeguard: Protecting Your No-Claim Bonus

The No Claim Bonus (NCB) rewards policyholders for not making any claims during the policy period. However, even a single claim can lead to the loss of this valuable benefit. With the NCB Safeguard add-on, you can protect your NCB even if you make a claim. This ensures that your NCB remains intact, allowing you to enjoy the benefits and discounts associated with a claim-free record.

Helmet Cover: Safety for You and Your Helmet

In the unfortunate event of an accident where your helmet is damaged, Bajaj Allianz has got you covered. The Helmet Cover add-on ensures that the company takes care of the repair or replacement of your helmet, minimizing any financial burden on your part. This add-on emphasizes the importance of safety and encourages riders to prioritize the integrity of their protective gear.

24×7 Assistance: Support When You Need It the Most

Imagine your bike breaking down in the middle of nowhere. With the 24×7 Assistance add-on, Bajaj Allianz provides much-needed support in emergencies. Whether arranging for your bike to be towed to the nearest garage or providing a ride to a suitable location, their assistance services will ensure you’re never stranded.

Engine Safeguard: Comprehensive Coverage for Your Bike’s Heart

While your base insurance contract may cover certain damages, it may not cover the repair costs of your bike’s engine. The Engine Safeguard add-on takes care of this by offering coverage specifically for engine-related damages. This ensures that any repairs or replacements required for your bike’s engine are fully covered, giving you peace of mind and protecting your finances.

EMI Protection: Financial Security During Repairs

If your bike needs extensive repairs and is in a network garage for an extended period, the EMI Protection add-on comes to your rescue. In such cases where your bike is not available for use, this add-on ensures that the company takes care of the equated monthly installment (EMI) payments for your bike. This provides financial security and eliminates any additional stress during the repair period.

Consumable Expenses: Covering the Essentials

In the event of an accident, it’s not just major parts that require attention; even consumable items like vehicle oil and coolants may need to be replaced. With the Consumable Expenses add-on, Bajaj Allianz ensures these essential items are covered, saving you from additional out-of-pocket expenses. This add-on adds an extra layer of convenience and financial protection, making keeping your bike in top shape easier.

Personal Accident Cover for Pillion Rider: Ensuring Comprehensive Protection

Your pillion rider deserves the same level of protection as you do. With the Personal Accident Cover for Pillion Rider add-on, Bajaj Allianz extends coverage to the secondary rider, providing them financial protection in case of disability or death caused by an accident. This add-on emphasizes inclusivity’s importance and ensures that you and your pillion rider are adequately covered.

These are just some of the valuable benefits you can enjoy when you purchase your bike insurance plan from Bajaj Allianz General Insurance. With a wide range of add-ons, you can customize your policy to cater to your specific requirements and enjoy comprehensive protection for your beloved bike.

What’s Covered Under the Bajaj Allianz Two-Wheeler Insurance Policy?

Now that we have explored the array of add-ons available let’s delve into the coverage provided by the Bajaj Allianz Two Wheeler Insurance policy. This will give you a better understanding of the protection you can expect for your bike.

Third-Party Liability: Protecting You Against Legal Obligations

The primary coverage offered by Bajaj Allianz is third-party liability insurance. This protects you against any legal obligations arising from damages caused to third parties or their property due to an accident involving your bike. If you accidentally cause harm to someone or damage their property, the insurance provider will compensate the affected party on your behalf.

Legal Costs: Assisting You in Legal Proceedings

If a legal dispute arises following a road accident, the Bajaj Allianz bike insurance plans also cover the legal costs associated with fighting a claim in court. This ensures you have the financial support to protect your interests and navigate the legal proceedings smoothly.

Comprehensive Cover: Protecting Your Bike Inside and Out

Opting for a comprehensive cover gives you the best of both worlds. In addition to third-party liability coverage, a comprehensive policy protects the damage sustained by your bike. This includes coverage for damages resulting from accidents, theft, fire, natural disasters, and more. By choosing comprehensive coverage, you can have peace of mind knowing that your bike is protected from a wide range of risks.

Personal Accident Cover: Safeguarding You and Your Loved Ones

When you insure your bike, it is mandatory to have personal accident cover. This coverage provides compensation in case of disability or death resulting from an accident. Bajaj Allianz offers a personal accident cover of up to INR 15 lakhs, ensuring that you and your loved ones are financially protected in an unfortunate incident.

What’s Not Covered in the Bajaj Allianz Two Wheeler Insurance Plans 2023?

While Bajaj Allianz offers comprehensive coverage for your bike, it’s essential to be aware of certain exclusions to avoid any surprises when making a claim. Here are some key exclusions to keep in mind:

Negligent Riding: Taking Responsibility for Your Actions

The insurance policy does not cover damages caused due to your own negligence or reckless riding. It’s important to exercise caution and ride responsibly to avoid any accidents that could result in damages not being covered.

Age-Related Mileage: Accounting for Normal Wear and Tear

The insurance policy does not cover standard mileage or the natural wear and tear of your vehicle and its parts over time. It’s important to understand that certain damages may occur naturally and are not a result of specific accidents or incidents.

Unlicensed Riding: Adhering to Legal Requirements

If the rider does not possess a valid driver’s license, any damages or accidents involving the bike will not be eligible for a claim. It is

crucial to comply with all legal requirements and possess the necessary licenses to ensure coverage under the policy.

Mechanical and Electrical Failures: Separate Coverage Required

Mechanical and electrical failures of your bike are not covered under the insurance policy. It’s advisable to consider separate coverage or warranties to protect against such failures.

Damages Due to Substance Abuse: Promoting Responsible Riding

If you were under the influence of intoxicants at the time of the accident, the insurance policy would not cover any damages incurred. It’s essential to prioritize safety and never ride under the influence of alcohol or drugs.

War Damages: Excluding War-Related Losses

Losses or damages caused due to war, hostilities, or acts of terrorism are not covered by the insurance policy. Such situations are considered beyond the scope of the policy coverage.

Theft of Accessories: Securing Your Bike’s Add-Ons

Unless explicitly covered, theft of accessories is not included in your insurance policy. It’s important to ensure appropriate coverage for any valuable accessories attached to your bike.

Applying for a Bajaj Allianz Two-Wheeler Insurance Policy

Applying for a Bajaj Allianz Two Wheeler Insurance policy is a straightforward process that can be done online through the company’s website. Here’s a step-by-step guide to help you navigate the application process:

1. Visit the Bajaj Allianz website and provide your details, including your name, date of birth, and contact information.
2. Choose the insurance plan that best suits your needs and select any add-ons you wish to include in your policy.
3. Enter your bike’s details, including the make, model, and registration information.
4. Double-check all the entered details and proceed to make the payment electronically.
5. Complete the payment process and receive your policy documents via email or mail.

Following these simple steps, you can quickly and efficiently apply for a Bajaj Allianz Two Wheeler Insurance policy and enjoy peace of mind with comprehensive bike coverage.

Making a Claim for Bajaj Allianz Two Wheeler Insurance

In the unfortunate event of an accident or damage to your bike, it’s crucial to inform the insurance company promptly to initiate the claim process. Here’s what you need to know about claiming with Bajaj Allianz:

Cashless Claim Option: Convenient and Hassle-Free

If you opt for a cashless claim, you must take your bike to the nearest authorized network garage listed by Bajaj Allianz. Inform the insurance provider about the incident, and they will handle the entire process, from assessing the damages to coordinating with the garage professionals. Once the evaluation is complete, the insurance company will directly settle the claim amount, taking the burden off your shoulders.

Reimbursement Claim Option: Providing Flexibility

If you take your bike to a non-network garage, you will need to bear the repair expenses initially and then submit the original bills for reimbursement. Along with the bills, you’ll also be required to provide supporting documents such as the First Information Report (FIR) copy, policy documents, and other relevant information. The insurance company will review the documents and reimburse you for the eligible expenses.

You can ensure a smooth and efficient claim settlement process by promptly notifying the insurance company and choosing the appropriate claim option.

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