Bajaj Allianz Bike 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 the insurance industry, the company has become the top choice of customers by providing a diverse range of insurance products such as Bike Insurance, Health Insurance, Car Insurance, Travel Insurance, Home Insurance, Commercial Insurance and Cyber Safe Insurance.

Bajaj Allianz General Insurance company is widely recognized for the cashless claim settlement facility that the insurance company offers its customers for bike insurance and other insurance sectors. 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.

Bajaj Allianz’s mission is to understand the insurance requirements of the customers and translate it into affordable insurance products that fulfil the requirements of a consumer and fit their budget. The insurance company offers technical excellence in all areas of motor insurance, health insurance etc.

The Bajaj Allianz company is widely acknowledged for its cashless claim settlement facility in the bike insurance and other insurance sectors. 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 provides two-wheeler insurance at competitive rates. When purchasing insurance for your two-wheeler keeps in mind there are three main types of insurance available for it in India. 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. However, if you are looking for an insurance policy that provides holistic coverage it is best to purchase a comprehensive insurance policy. It covers both own-damage costs and third party liabilities under a single cover making it hassle-free as well.

There also a variety of add-on covers that you can purchase along with your own-damage cover that will further expand the coverage of the policy. These covers are optional and allow you to pick and choose according to your needs. 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/two-wheeler insurance policy is a safety plan that protects the two-wheeler owner from the cost of repairs of own damage or any third parties liabilities that may arise 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. The rider is very beneficial for the two-wheeler owner in terms of legal as the third party two-wheeler insurance policy provides protection to 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 Standalone Own-Damage Two-Wheeler Insurance policy compensation for cost of damages/repairs caused in an accident, theft, natural/manmade calamities, fire/explosion etc. This type of two-wheeler insurance policy does not cover third party liabilities.

Bajaj Allianz also offer a variety of add-on covers that you can buy along with your standalone own-damage and comprehensive two-wheeler insurance policy to expand the coverage r of the policy. These add-ons are optional and give you freedom to select one according to your requirements. 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 offers its customers a quick and easy renewal system that can be done entirely online. Moreover, they have a quick claim settlement procedure 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