Bajaj Allianz Comprehensive Car Insurance
For all-around protection to the parties involved in an accident, you must buy a comprehensive car insurance cover. The premium charges to avail this kind of cover is more than that paid for a third-party insurance plan. Under this type of insurance policy, the insurance company is liable to cover damages to the car during an accident, riots, animal attacks, hurling objects at high speed or loss owing to theft. In addition, this policy also includes the third-party liability cover along with a personal accident cover.
To increase the extent and quantum of coverage offered by the insurer under a comprehensive insurance policy scheme, you may opt to pay for add-on covers too. These add-on covers may include Zero Depreciation Cover, Roadside Assistance Cover, Engine Protection Cover, Accessories Cover, etc. Due to its wider coverage, these plans are costly. The premium charges are fixed by the insurance company subject to its terms and conditions.
Motor insurance premium charges are not decided randomly. In fact, premiums are decided on factors including :
- Make or model of the vehicle
- Listed price by the manufacturer
- Cubic capacity of the vehicle’s engine
- Date of registration of the vehicle
- Amount of sum insured
- Nature of cover
- Geographical zone of the vehicle’s registration
- Insured Declared Value (IDV) of the vehicle
- No Claim Bonus (NCB)
- Add-on covers
Bajaj Allianz Comprehensive Insurance Claim Process
Claim settlement with Bajaj Allianz General Insurance Company is easy and smooth. Customers looking for a hassle-free claim settlement process must ensure the following:
Step 1: Register your claim by calling on the company’s Toll-Free Number: 1800-209-5858. In case of theftf, register your claim in writing at the nearest police station.
Step 2: Send your vehicle for repair. You may either move it to a nearby garage or have it towed to a professional garage for proper servicing. The insurance company will delegate a surveyor who will come to the garage to inspect the garage and estimate the extent of the damage. The surveyor will approve of the claims post which the policyholder will be updated about the various stages of the claim process.
Step 3: Submit necessary documents for the survey and claim settlement process.
Step 4: Post completion of the repair, the insurance company will make the payment to the garage. Alternatively, you may submit the bill and seek reimbursement of the claim.
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Bajaj Allianz Comprehensive Car Insurance FAQs
What if my car insurance policy expires?It is important that you renew your policy before it expires. Also, you must consider applying for your car renewal within 90 days of your policy expiry to ensure that you continue to avail the benefits of No Claim Bonus (NCB). Apart from it, if you do not get your car insurance renewed within the stipulated period, you may have to agree to car inspection by the insurance company, which may be chargeable.
Do I have to pay higher premiums, if my car is older?The age of your car has a determining effect on your premium rates. This means that older the car, higher is the premium amount that you will be required to pay towards car insurance. This is because older cars are more prone to damages from accidents than new vehicles.
I am moving from Kolhapur to Mumbai. Will my car insurance premiums increase?Car premiums rise when you are moving to a densely populated area or a metropolitan city. This is because the chances of your car meeting with an accident are higher in such cities.
How long does my NCB certificate remain valid?Customers who have made no claims on their car insurance are entitled to No Claim Bonus (NCB) benefits, which has a decreasing effect on their premium rates in future. However, the NCB certificate is valid for a period of three years. This means that the policyholders can enjoy its benefits over the span of the next three years or till they make a claim on their insurance, whichever is earlier.
If I wish to save on my car insurance premiums, should I opt for monthly payment or pay premiums annually?Yearly premium payment ensure lesser premium charges than those paid monthly.