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 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
Third Party Property Damage
Up to 1 Lakh
Own Damage Cover
Depends on the IDV of the two-wheeler
Personal Accident Cover
Up to Rs. 15 Lakh
- Save upto 75%*Lowest Bike Premiums
- 11.5 Lakh+Happy Customers
- Claim Support7 days a week
*TP price for less than 75cc two-wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply
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Benefits of Bajaj Allianz Bike Insurance
- A robust network of 4,000+ garages
- 24x7 emergency assistance is provided
- Offers customised insurance products and services
- Digitally enabled processes with Caringly Yours App
- Provides hassle-free and quick claim settlement process
4 Bajaj Allianz Cashless Garages in India
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Must Read Articles before buying Bajaj Allianz Bike Insurance
- On Indian roadways, two-wheelers are one of the most prevalent forms of transportation.
- A two-wheeler tops the convenience of a car on any given day when it comes to ease of commuting.
- Read this article to understand how you can claim your bike insurance at Bajaj Allianz online.
- Read this article to find out how you can renew your bike insurance with Bajaj Allianz General Insurance without any hassle.
- Read the article to know the easy ways of renewing your Bajaj Allianz Two-wheeler insurance plan.
Bajaj Allianz Bike Insurance User Reviews
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Bajaj Allianz Two-Wheeler Insurance FAQs
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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