Understanding your car insurance claim process is as important as getting your car the security of an insurance cover. The entire process is incomplete is you are not aware of the complete claim registration process. Be it any damage or loss arising due to an accident or theft, it is not only important to pick a car insurance plan that takes care of your third-party liabilities and own damage, but also offers a seamless claim settlement process. Apart from adequate compensation, how the company settles your claims is very important to evaluate. Here’s where the claim settlement ratio comes to your rescue. A claim settlement ratio of an insurer helps understand the number of claims settled by the insurer against the total number of claims received. This way, it is easy to gauge the probability of your claims being settled.
The claim process for car insurance is quick, seamless and simple, on Finserv MARKETS! All it takes is just a few minutes and you’re done!
When selecting an insurer, it is important to ensure that the insurer offers cashless claim facility. In the case of a cashless car insurance claim, you do not have to pay for the repairs, when your car meets with an accident. All you have to do is file the claim and head on to the nearest network garage. The car insurance provider will directly settlement the repair costs with the garage and you don’t have to shell out any cash from your pocket. However, it is important to note that in order to avail a cashless claim facility, the nature of damage must be under the scope of your Bajaj Allianz Car Insurance policy.
Keep the following details and documents handy while registering a claim:
It is important to note that, in case of theft, you would need to file a FIR as soon as possible, so that when you are registering a claim with us you are able to produce the same, along with the other documents.
In the case of car insurance claim reimbursement, the policyholder has to bear the cost of damage to the car initially. Later, he/she can approach the car insurance provider for reimbursement of the claim depending upon the terms and conditions of the car insurance policy. The policyholder needs to submit the bills and receipts with the insurer. Post verification of the claim form and documents, the expenses will be reimbursed by the insurance company.
Keep the following details and documents handy while registering a reimbursement claim:
Although you can file a claim on meeting with a sudden accident, your insurance provider has the right to reject/accept the received claim application. Hence, it is important to understand the common reasons due to which your claim can get rejected.
In case you happen to provide invalid details regarding your claim, your claim stands rejected
In case the accident takes place when the driver is driving under the influence of alcohol or other intoxicants
This is in case of a second-hand car, where the insurance policy is still owned by previous owner
The car driver was driving without a valid driver’s license
In case you delay or fail to inform the insurer regarding the accident and the damage within the stated time span
The damage or loss to your car has occurred due to your carelessness
In case you use your car for a purpose other than that stated in your policy
If the car insurance claim is made against an inactive policy
The Bajaj Allianz team is committed to provide you a great customer experience. Here’s how you can get in touch with them.
Here’s how you can connect with us at Finserv MARKETS, should you need any help with Bajaj Allianz Car Insurance
The limit of filing a car insurance claim differs from insurer to insurer. Most insurance companies allow multiple claims in a year until the IDV is not exhausted.
Cashless facility means, you need not pay anything for your car repairs following an accident, provided the car is taken to the nearest network garage. The insurer settles the claims directly with the insurer.
No Claim Bonus is the discount on premium offered by your insurer, in case you have not made any claims on your previous policy year. With Bajaj Allianz Car Insurance, you can enjoy NCB up to 50%.
With an easy process and supportive customer care team, my Bajaj Allianz car insurance claim settlement was not just very easy, but quick too. All I had to do was provide the necessary details and file a timely claim!
Posted on 12 June 2019
The customer service team was so supportive and offered complete guidance regarding the claim process. Very happy with Finserv MARKETS.
Posted on 11 July 2019
I was very impressed with the cashless repair facility available at one of the partner garages of Bajaj Allianz car insurance. It made the process very easy.
Posted on 30 May 2019