Bajaj Allianz Comprehensive Car Insurance Policy

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.

Bajaj Allianz Comprehensive Car Insurance vs Third Party Car Insurance

What All is Covered Under Bajaj Allianz Comprehensive Car Insurance Plan?

Bajaj Allianz comprehensive car insurance provides coverage for the following:

• Third party liabilities: The insurer provides financial and legal support for the loss suffered by the third party such as bodily injury, disability, or death of the third party, due to the insured’s car. It compensates for the property or vehicle damage of the third party up to Rs. 7.5 lakh.
• Theft of insured’s car: The plan provides insurance cover in case the insured’s car gets stolen.
• Own-damage incurred due to natural calamities: The plan covers damages incurred by the insured car’s due to flood, earthquake or any other natural calamities.
• Own-damage incurred due to man-made disaster: The insurer provides coverage for the own damage incurred by the insured’s car due to man-made disaster such as riots, strikes, fire, etc.

What All Is Not Covered Under Bajaj Allianz Comprehensive Car Insurance?

Bajaj Allianz comprehensive car insurance refrains from providing coverage under the following circumstances:

• In the case of alcoholism or intoxication.
• For an accident due to contractual agreement.
• In case of conflict or war, mutiny or nuclear risk.
• In case of lack of valid licence of the insured’s car driver.
• In case of an accident beyond the predetermined geographical extent.

Bajaj Allianz comprehensive car insurance provides the following advantages to its policyholder:

• Assured quick claim settlement.
• Coverage against financial and legal burden of third party liabilities.
• The coverage of the policy can be stretched by opting for add-on covers.
• The insurer compensates for the “own-damage” incurred by the insured’s car.
• Availability of cashless garages across the nation for free repair of the insured car.