Bajaj Allianz Bike Insurance

About 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.

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 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

Disclaimer

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.