Bajaj Allianz Two Wheeler Insurance

Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE, with stakes in the ratio of 74% and 26% respectively. With its headquarter in Pune, the firm came into existence after Bajaj Allianz got the certificate of registration from the Insurance Regulatory and Development Authority of India (IRDAI) in 2001 to operate several businesses, including bike insurance, in India. The company holds an excellent reputation, stability, and expertise in the bike insurance sector.

Currently, Bajaj Allianz is one of the most financially robust general insurance companies in India by registering a 28.1% increase in net profit to Rs 999 crore and revenue growth of 15.6% to Rs. 12,833 crore, over the last financial year. When it comes to insurance, the company has established itself as the first choice of customer by offering a wide selection of insurance products, including Bike Insurance, Health Insurance, Car Insurance, Travel Insurance, Home Insurance, Commercial Insurance, and Cyber Safe Insurance.

The cashless claim settlement facility offered by Bajaj Allianz General Insurance to its customers for bike insurance and other insurance sectors has gained widespread recognition.Bajaj Allianz has acquired an iAAA rating ICRA (Investment Information And Credit Rating Agency) which indicated that the insurance company has attained the capability to settle the highest amount of claims for two-wheeler insurance etc. Bajaj Allianz has won several awards and accolades. Recently the insurance company was honoured with ‘Best Motor Insurance Provider Of The Year’ by Business Today-Money Today Financial Services Awards. Currently the insurance company has a pan India presence, with 759 branches the insurance company strives to reach to every individual who requires bike insurance, health insurance etc.

The mission of Bajaj Allianz is to understand insurance needs of the customers and translate them into affordable insurance products that meet that requirements while remaining within their budget.The insurance company offers technical excellence in all areas of motor insurance, health insurance etc.

In the bike insurance and other insurance sectors, the Bajaj Allianz company is well-known for its cashless claim settlement facility.It has bagged an iAAA rating from ICRA (Investment Information And Credit Rating Agency), which indicates that the company attains the capability to pay the highest amount of claims for bike insurance etc. Presently, the firm has a pan India presence, where it operates with 759 branches to establish its reach to every person requiring bike insurance, health insurance, and so on.

Bajaj Allianz Bike Insurance

Bajaj Allianz General Insurance is a well-known private insurance company that offers affordable two-wheeler insurance. When buying insurance for your two-wheeler in India, keep in mind that there are three main types of insurance.The first is third party insurance. This type of cover is compulsory and takes care of third party liabilities in case of a mishap including bodily injuries, death and property damage. The second is the standalone own-damage insurance, this covers the insurance holder’s two-damage in case of a mishap. This type of cover provides compensation in a variety of situations including road accidents, theft, vandalism, fires, natural and manmade calamities. A comprehensive insurance policy, on the other hand, is the best option if you are seeking all insurance. It combines both own-damage and third-party liability insurance into one policy, making it both convenient and cost-effective.

Along with your own-damage cover, you can purchase a selection of add-on covers that will further expand the coverage of the policy. These covers are optional, so you can pick and choose according to your preferences.The right add-ons can make a significant difference at the time of claim settlement. Some useful add-ons include the zero depreciation cover, the roadside assistance cover and the return to invoice cover.

Bajaj Allianz General Insurance is a well recognized private insurance provider which offers two-wheeler insurance at a competitive price point.Bike insurance, often known as two-wheeler insurance, is a safety plan that protects two-wheeler owner from the expense of repairs for their own damage as well as any third-party liabilities that may emerge in case of a mishap.While purchasing an insurance policy for your two-wheeler you must know that there are three types of two-wheeler insurance policies available in India. Bajaj Allianz offers three major types of two-wheeler insurance policies namely Third Party, Comprehensive and Standalone Own-Damage two-wheeler insurance policy.

Bajaj Allianz Third Party Two-Wheeler Insurance policy provides coverage and compensation for third party liabilities that arise due to a mishap. This type of two-wheeler insurance policy is mandatory for the two-wheeler owners as per the Motor Vehicles Act, 1988. In terms of legality, the rider is extremely beneficial to the two-wheeler owner because the third-party two-wheeler insurance policy protects both the two-wheeler owner and the other parties involved in the mishap.This type of two-wheeler insurance policy covers third party liabilities in case an unforeseen event takes place which may result in bodily injuries,death and property damage to the third party.

Bajaj Allianz Comprehensive Two-Wheeler Insurance policy provides holistic coverage because this policy covers both own-damage expenses and third party liabilities. This type of two-wheeler insurance policy provides coverage to the two-wheeler owner from the uncertainties of driving a two-wheeler. This policy is not compulsory to have but is recommended.

Bajaj Allianz also offers a number of add-on covers that you may purchase in addition to your standalone own-damage and comprehensive two-wheeler insurance policy to increase the coverage of the policy. These add-ons are optional, allowing you the freedom to choose the one that best suits your needs.Some useful add-on that Bajaj Allianz offers are namely Zero Depreciation Cover, EMI Protection, NCB Protect, Helmet Cover, 24x7 Roadside Assistance, Engine Protection, Consumable Expenses and Personal Accident Cover for Pillion.

Bajaj Allianz provides a simple and convenient online renewal system for its customers. They also have a quick claim process and a wide network of cashless garages where you can get your two-wheeler repaired.The insurance provider also has an extremely high claim settlement ratio of 98%.

Significant Points of Bajaj Allianz Bike Insurance