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Types of Bajaj Allianz Car Insurance & How to Claim It?

Wish

Written by Sumit Arora

Updated Oct 16, 2023

Want to but a Bajaj Allianz car insurance policy? This article will help you understand Types of Bajaj Allainz car insurance policies.

Bajaj Allianz General Insurance Firm is a well-known insurance company that offers a diverse variety of automobile insurance products at competitive pricing. They generally provide three types of motor insurance policies: comprehensive, third-party liability, and standalone own-damage. A vehicle insurance policy serves as a safety net for car owners, giving financial and legal assistance for any third-party duties or damages experienced by the insured vehicle in the event of a mishap or accident.

Types of Bajaj Allianz Car Insurance & How to Claim It?

Types of Bajaj Allianz Car Insurance and How To Claim It?

When you have a lot of choices in terms of what to buy and from whom to buy it, making a selection can be difficult. Things get much more difficult when you don't know what's available. This remains true for any and all situations. So, if you go out today to acquire a car insurance policy, do you know what sorts of vehicle insurance plans are available? You may be aware of one or two, but to choose the one that is most suited for you among the numerous types of auto insurance policies available, you need to investigate everything available.

1. Liability to a Third Party

This is the most basic form of automobile insurance available. This policy's premium is the lowest of all the others, and it's also the cheapest. Apart from that, it is required by law in India to have at least third-party insurance. As a result, it is the most popular coverage across all forms of automobile insurance. It provides protection against the owner's obligation for payment to a third party in the event of an accident.

2. Insurance Coverage for Personal Injuries

Under this policy, the insurance company will cover any medical expenses incurred as a result of an accident, regardless of whether the accident was caused by the owners or a third-negligence party.

3. A policy that is all-Encompassing

The most popular and preferred policy among the numerous types of auto insurance and two-wheeler insurance plans on the market is the comprehensive policy, which covers not only third-party liabilities but also payments to be made by the owner himself for his own medical expenditures and vehicle damages. It also covers other natural disasters such as floods and incidents such as forest fires, among many more.

4. Collision Insurance Policy

When the cost of repairs after an accident to restore the automobile to usable condition exceeds the current market value of the car, the insurance company under this policy pays you the whole amount of the current market value of the car.

5. Car Insurance Claim with Bajaj Allianz

If you are unaware of the company's claim process, the point of purchasing any type of insurance is nullified. It is essential to get vehicle insurance coverage that not only protects the interests of the third party involved in the accident but also sufficiently pays you for the losses, whether the loss is caused by theft or an accident. The claim settlement procedure is similar across most Indian insurance companies, but it's crucial to stay informed about your insurer's claim policies.

Take Away

Bajaj Allianz General Insurance Company, in addition to offering various types of insurance plans, also offers supplemental covers that help to enhance the coverage of the vehicle insurance plan. These supplementary coverages can be added to a comprehensive motor insurance policy or purchased separately as an individual damage policy. Tire damage, engine protection, personal property loss, key loss cover, and invoice return are just a few of the popular add-on coverage options.

Also read - Can You Add GST Number to Your Car Insurance Policy?

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.

Wish

Written by Sumit Arora

Sumit is an insurance industry veteran with more than 20 years in the industry. Sumit is a frequenRead More

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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