Bajaj Allianz Car Insurance Claim Settlement Process

The aim to purchase a car insurance policy is to be able to bank on its coverage on a day of an emergency. It makes little sense for the claim process of this coverage to be a hassle. Hence, considering an insurer’s claim settlement process matters greatly when you’re choosing the right car insurance.

Bajaj Allianz General Insurance is known to offer value-added services to their consumers, which includes a hassle-free, time-efficient, and seamless claim settlement process. You can claim coverage in the form of cashless services and reimbursements.

Cashless claims save you from taking any money out of your own pocket. Once you inform your insurer about your intention to make a claim, the damage caused to your vehicle and the cause of it, the claim process is jump started immediately. After this, you can proceed to take your car to a network garage for fixing, repairs and replacements.

Through this claim option, you don’t need to pay repair and replacement bills. Your Bajaj Allianz car insurance will pay those bills directly for you. With a 98.54% claim settlement ratio, you can rest assured, knowing that your financial protection is in the hands of Bajaj Allianz General Insurance Co.

Here are all the documents you will need to successfully carry out a Bajaj Allianz car insurance claim for accidental damages. 

• A complete claim form with your signature

• Insurance policy proof/a copy of the covernote

• Registration book copy

• Tax receipt

• Driving licence copy

• FIR or police panchnama (for third-party liability damage, fatality or injuries, and theft)

A reimbursement claim refers to the insurer indemnifying the costs you had to bear to get your damaged car repaired. A reimbursement also consists of compensation coverage that can be claimed in the event of your four-wheeler vehicle getting stolen.

You can send your insurer an invoice or bills that quote the price of the repairs and replacements done. Your claim will be processed thereon and the amount will be reimbursed. However, this can only be processed up to the maximum coverage amount.

Here are the documents you require for Bajaj Allianz car insurance reimbursement claims.

Accidental Damages:

• Tax receipt or registration book copy

• Insurance papers

• Driver’s licence

• FIR (In case of third-party demise, damage or injuries)

• Repair estimates in the form of invoices or bills

   

Theft:

• Self-attested claim form

• Policy documents

• Tax payment receipt

• Details of previous insurance

• Keys/warranty cards/service booklet

• FIR

• Final investigation report

• An RTO letter that labels your car as ‘Non-use’

• Forms 28, 29 and 30

• Your and your insurer’s consent to agreed claim settlement value

• Vakalatnama (undated and blank)

Here are the situations under which you can claim the coverage and benefits of Bajaj Allianz car insurance. 

• Third-party damage

• Accidental damage

• Man-made disaster damages

• Natural calamity damages

• Transit damages

• Fire/explosion damages

• Loss due to theft

Given below are all the reasons why your Bajaj Allianz car insurance claim request could be rejected.

• Submitting inaccurate/invalid documents

• Submitting insufficient information

• Claims for damages that occurred prior to policy activation

• Claiming exclusions of the policy

• Claims with malign intent to carry out illegal activities or fraud

• Claims made through a lapsed policy

A no-claim bonus is a benefit you can receive for an extended period of no claims. To elaborate, if you make no claims for a long period of time, you can get the no-claim bonus through Bajaj Allianz car insurance. 

This bonus could culminate to the point of giving you up to 50% discount on upcoming renewal premiums. At the time of renewal, if you’d like to switch insurers, you can transfer this no-claim bonus to your new car insurance plan. 

However, it is important to understand that no-claim bonuses are applicable to Bajaj Allianz third-party car insurance. You can get no-claim bonuses only for Bajaj Allianz comprehensive or standalone own-damage car insurance.