About Bajaj Allianz Bike Insurance
Bajaj Allianz Life Insurance is a massive name in the insurance sector of India. The company was established in the year 2001 with the amalgamation between Bajaj Finserv Limited, a financial service provider, and Allianz SE, a European financial service company. Bajaj Finserv Limited is a part of Bajaj Holdings & Investments Limited, and Allianz SE is one of the world’s largest financial companies as well as a significant component of the Euro Stoxx 50 stock market index. The stakes in this joint venture are divided in the ratio of 74% and 26%. The coming together of two big companies together allows Bajaj Allianz to enjoy an excellent reputation of value, stability, and expertise in the market.
When it comes to taking an insurance policy, Bajaj Allianz has been the first choice of the customers for so many years. It provides a wide range of insurance products keeping in mind all the sets of consumers. It offers Car Insurance, Bike Insurance, Health Insurance, Travel Insurance, Cyber Safe Insurance, Home Insurance, as well as Commercial Insurance. The insurance policies are designed to protect policyholders from all kinds of financial liabilities.
The company is the pioneer of the cashless claim settlement facility in the insurance sector. For the consecutive 11 years, Bajaj Allianz has received an iAAA rating from ICRA (Investment Information And Credit Rating Agency ), which specifies that it has the highest claim paying capability. Today the company is operating all over India with 759 branches and trying to reach every home.
The list of awards and achievements owned by the company is endless. After providing value-added services in the market for so many years, it has been able to sustain the position of a financially robust insurance company in India. As per the financial report published in the year 2019, it has a total revenue of Rs. 11,097 crore and net profit worth Rs 780 crore. The growth percentage has gained a wing of 17% in comparison to the fast fiscal year.
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What is the frequency of renewal of the policy in Bajaj Allianz?
In Bajaj Allianz, the renewal depends on the policy package you are opting for. The policyholders can take 1 year, 2 years and 3 years policy. The coverage period remains accordingly and after that, you will have to renew your policy if you want to continue enjoying the benefits.
How will I get to know about the nearest network garage?
To get cashless service, the policyholders can locate their nearest garage by visiting www.bajajallianz.com. You just need to put a few details such as your city name and a list of all the network garages will appear.
What are the add-on covers offered by Bajaj Allianz?
Bajaj Allianz offers various add-on covers to allow policyholders to enhance their coverage. It provides Zero Depreciation Cover, 24*7 Spot Assistance Cover, etc. Along with that it offers Personal Accident Cover for Pillion Riders to protect the overall interest of the policyholders.
Why should I take my two wheeler insurance policy from Bajaj Allianz?
When it comes to insurance policies, Bajaj Allianz has been the first choice of thousands of people across India. The customers here will get to enjoy various benefits like Easy online policy purchase, 24*7 Quick support, Hassle-free renewal services, No claim bonus transfer as well as Instant claim settlement facility. The company works with a motive to provide the best product and services to all its customers.
What all will not be covered in Bajaj Allianz Two Wheeler Insurance policy?
The insurance coverage varies from plan to plan. In third party policy, there is no cover against theft or any damages incurred by the insured’s car. In comprehensive policy, exclusions include depreciation incurred by the insured’s car, mechanical and electrical breakdown, own damages incurred due to illegal practices, intoxication, nuclear mishap etc.
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This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.