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Bajaj Allianz Cashless Car Insurance Process Explained

Published On Jun 16, 2021 10:00 AM By InsuranceDekho

Read this article to understand the cashless facility provided by Bajaj Allianz.

Being involved in an accident can be very agonizing. Arranging money to repair the damages sustained by your car in such a taxing situation can be very stressful. Therefore, the best way you can avoid these expensive bills is by investing in a car insurance policy that provides a cashless claim settlement facility. This article will guide you through the cashless facility offered by Bajaj Allianz motor insurance. 

Bajaj Allianz Cashless Car Insurance Process Explained

What Is Cashless Claim Settlement In Car Insurance?

Cashless facility is the most beneficial facility offered by Bajaj Allianz. Insurance companies tie up with various mechanic garages to enable convenient and professional servicing of the customer’s cars. This is beneficial to the insurance company, the policyholders as well as the mechanical garage. 

If you are involved in an accident that damages your car, you can take it to the nearest network garage and get it repaired sooner than in a normal garage. 

In usual cases, you will have to pay the bill and then send the bill to the insurance company to get a claim settlement. However, purchasing your car insurance in Bajaj Allianz will enable you to go for a cashless claim settlement process where the repair bills of your car will be directly sent to the insurance provider. Thus, you will not be required to pay the bills from your pocket. 

In a cashless facility, the insured is associated with authorized garages which will repair your car in case of any damage without you having to pay for the bills. 

How Does Cashless Claim Work In Car Insurance? 

Cashless claim settlement process is simple and does not require much effort from your end. The following is the way it works- 

  1. If you are involved in an accident, your primary step should be to file an FIR at the nearest police station and inform your insurance provider. 
  2. The insurer will send a towing service to take your car to the nearest network garage . 
  3. Bajaj Allianz claim inspection team will then inspect your car thoroughly at the garage. 
  4. The repair will commence after the inspection process. 
  5. Once the repairs are completed, the garage will provide the relevant bills or invoice to the insurance company. 
  6. The insurance company will analyze the bill and approve it. 
  7. The policyholder will be required to pay the depreciation amount. 
  8. The rest of the amount will be paid by Bajaj Allianz. 

In case of extensive damage to your car, you will be subject to receiving the settlement amount that is equal to the Insured Declared Value of your car which will be done after calculating the depreciation of your car. 

Importance of Cashless Claim Settlement in Car Insurance

The cashless claim settlement process is one of the most convenient facilities offered by Bajaj Allianz. The following are the benefits of a cashless facility- 

  • Convenient To The Policyholder 

Bajaj Allianz has over 4,000 network garages. This means that in case you happen to be involved in an accident, your car can be conveniently towed to the nearest network garage and repaired without any delay. The inspection of your car will also be done on spot which makes the settlement process speedy. 

  • Authorized Garage 

Bajaj Allianz has tied up only with authorized network garages that have the latest technical equipment to service and repair your car. Authorized service stations also hire skilled and trained mechanics to handle your car carefully. This ensures that you get the best service. 

  • Direct Payment 

With a cashless claim settlement process, the policyholder does not have to be involved in paying the repair bills. The network garage sends the invoice or the repair bills directly to the insurance company and will be approved and settled by them. The policyholder will have to pay only the depreciation amount. 

Take Away

The cashless facility offered by Bajaj Allianz gives you peace of mind while driving your car. Your prized four wheels will be repaired without any delay and handled by professional mechanics. The best part is that you will not have to spend a bucket load to repair your car. Thus, make sure to check out the cashless facility and drive safely! 

Also read 

Cashless Car Insurance Claims Can Be Made In 5 Simple Steps

Cashless Car Insurance Policy Usefulness

Disclaimer: This article is issued in the 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. 

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