Bajaj Allianz Car Insurance

Bajaj Allianz General Insurance is a well-known private general insurance company in the country. The company is an alliance between Bajaj Finserv Limited and Allianz SE. Little were you aware that Bajaj Finserv was initially a part of Bajaj Auto Limited, owned by the Bajaj Group of India while Allianz SE stands to be a popular German company for financial services. In the alliance, Bajaj Finserv Limited enjoys a major 74% of the holdings and Allianz SE owns the remaining 26%.

The insurance provider ventures to offer a seamless experience from insurance solutions to the services offered, to their policy buyers.Bajaj Allianz General Insurance Company has set excellency when it comes to providing a flawless experience to their customers. Bajaj Allianz places a strong emphasis on customer centricity and aims to provide superior value to policyholders while also offering a caring and pleasant experience.

The company was first registered on the 2nd of May, 2001. Since then, it has been in business making it to the top of the charts amongst the best general insurance brands in the country. Bajaj Allianz General Insurance kick-started with as little as 36 offices and 100 employees, backed up with a paid-up capital of 1.10 billion rupees. Car insurance policies, bike insurance policies, health insurance policies, travel insurance policies, home insurance policies, cyber insurance policies, pet insurance policies, and other insurance products are available from the company.Bajaj Allianz envisions to become a market leader in the field of general insurance. Only best-in-class insurance products will be brought on boards. These will not just be value for money but showcase the best of technical advancement and risk management.

Bajaj Allianz Car Insurance

Bajaj Allianz General Insurance Company is a widely recognized insurance provider and is popularly known for offering a variety of motor insurance products at affordable rates. They majorly provide 3 different types of car insurance plans which are comprehensive insurance plan, third party liability plan and standalone own damage insurance plan. A car insurance policy acts as a safety net for car owners, providing financial and legal protection for any third-party liabilities or/and damages incurred by the insured car during any mishap or accident.

A comprehensive car insurance plan offers coverage towards both own damages as well as third party liabilities that may incur due to an accident or mishap with the insured car. This insurance plan offers coverage against third party liabilities like property damage, disability, bodily injuries or death during any unforeseen event. Although, is not a mandatory plan but is the most recommended open due to its comprehensive coverage.

A third-party car insurance policy protects you from third-party liabilities that may arise as a result of an accident or other unforeseen event. During any unforeseen event or accident, the coverage includes disability, bodily injuries, death, or property damage to a third party.It is a mandatory insurance plan according to the Indian Motor Tariff Act. In case, the driver gets caught without an active third party insurance plan, then they can be fined with Rs. 2000 and/or can be imprisoned for maximum 3 months.

A Bajaj Allianz Standalone Own Damage Car Insurance Plan covers the insured car only from damages caused by an unforeseen event or accident.This kind of insurance cover offers compensation to the insured individual for the repair cost that may have incurred during manmade or natural disaster, theft or burglary, accident, fire, explosion, etc. This insurance cover does not offer coverage against any third party liabilities.

Bajaj Allianz General Insurance Company other than offering different kinds of insurance plan, also offers additional covers, which helps in increasing the coverage of the car insurance plan. These additional coverages can be purchased in addition to a comprehensive car insurance policy or as a stand-alone own damage policy. Tyre damage, engine protection, loss of personal belongings, key loss cover, and return on invoice are just a few of the common add-on covers.

The Bajaj Allianz car insurance policy also allows you to experience benefits such as coverage of personal baggage theft or damage, paperless-digital insurance applications and processing, online claims, spot services and more.

Significant Points of Bajaj Allianz Car Insurance