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Car Insurance Add-Ons & Top-Up Covers

By Finserv MARKETS - Sep 12,2019
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Car Insurance Add-Ons

Now a days a host of insurance companies in the market provide car insurance policies. However, a policy proves beneficial only after the sole purpose of security and peace of mind is achieved. To fulfil the entirety of safety criteria, the concept of add-on covers or riders has been introduced. Riders are an addition to enhance the coverage of the car policy.

A policyholder can either opt for a comprehensive coverage along with add-ons or invest in riders separately. Go through the following add-on covers provided by Bajaj Allianz car insurance available on Finserv MARKETS before you make a final decision:

Top Six Car Insurance Add-ons:

  1. Accident shield

During accidents, the chances of suffering from bodily damages or injuries are more. In worse case scenarios, the severe injuries might also result in partial or total disability and death of the passengers. To financially compensate for the severity of the accidents, accidental shield offers compensation to all policyholders.

  1. Lock & key replacement cover

Lock and key replacement cover allows a policyholder to receive compensation in case he/she has misplaced his/her car keys. With the lock and key replacement cover, an individual will be indemnified for the cost associated with new locks or replacement of keys of the insured car.

  1. Conveyance benefit

After the accident, the car is generally sent to the garage or a workshop for repairs. When the claim is accepted at the time of repair, the insured receives ‘per day’ cash benefit.

  1. Personal baggage

The policyholder is indemnified in case of loss of personal belongings like baggage kept inside the insured car. It covers for all personal belongings damaged in the accident.

  1. Consumable expenses

A car insurance policy generally covers the cost of consumables like engine oil, gearbox oil, power steering oil, coolant, and so on. The consumables costs are incurred while replacing the damaged insured vehicle after an accident.

  1. 24×7 spot assistance

Bajaj Allianz car insurance available on BFinserv MARKETS provides the policyholders with a PAN India cover called 24×7 car roadside assistance. It is offered to all customers who require help while driving on the roads. Additionally, it covers all the emergency repairs like a jump start for car battery, replacement of a flat tire, and so on.

Now that you know about these six important car insurance add-ons.

To sum up, a car insurance can be best put to use after the incorporation of the riders. With add-ons, a policyholder can make the most of the insurance to the fullest.

Bajaj Allianz car insurance available on Finserv MARKETS provides its policyholders with a comprehensive coverage to protect them from road accidents, or any kinds of damages due to man-made or natural calamities. Moreover, it allows the customer for car insurance renewal online as well as purchase car insurance online. Online renewal is the most convenient, hassle-free as well as affordable solution.

Finserv MARKETS, from the house of Bajaj Finserv is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and exclusive EMI store, all under one roof – anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522