What's Covered in Car Insurance?

Being safe while driving your car requires more than just wearing your seat-belt! Given the road and traffic conditions prevalent in the country protecting yourself and your vehicle is important. Bajaj Allianz Car Insurance offers comprehensive four-wheeler insurance plans that provide coverage against road-accidents, damages caused due to natural calamities and man-made disasters. Also enjoy cashless claim facility across 4000+ garages and no claim bonus up to 50%.

  • Loss or damage to the vehicle due to natural calamities

    Car insurance ensures vehicle coverage against natural calamities like floods, earthquakes, landslides, fires, lightening and hurricanes.

  • Loss or damage to the vehicle due to man-made disasters

    Four-wheeler motor insurance includes coverage against burglary or theft and damages that arise due to communal riots or malicious acts.

  • Third-party Legal Liability

    Protect yourself against legal liabilities with car insurance. Accidental damages could result in permanent disability/death of a person and/or damages to your four-wheeler. Having motor insurance ensures that you are covered against any third-party liability.

  • Repair/Replacement Cost

    Spare yourself from the costs of repairing your four-wheeler with four-wheeler motor insurance. Get comprehensive car insurance coverage that takes care of repair and replacement expenses

  • Self & Rider Coverage

    Not only does motor insurance protect the four-wheeler rider from any injuries sustained due to an accident, but it also covers the people travelling in the vehicle too.

Exclusions in Car Insurance

  • Normal wear and tear are not covered under four-wheeler motor insurance.

  • Mechanical or electrical breakdown of the insured four-wheeler is not part of the coverage provided.

  • Any damage caused when riding under the influence of alcohol or drugs.

  • Any damage caused when riding without a valid license.

  • Damages caused when the car insurance policy is not active.

  • Third Party Related damages caused to your vehicle.

  • Third Party Related damages natural calamities, fires, civil disturbance, normal wear and tear.

  • Third Party Related damages arising out of theft, sabotage, mechanical or electrical breakdown of vehicle.

  • Third Party Related damages caused when riding without a valid license.

  • Third Party Related damages when riding under the influence of alcohol or drugs.

  • Third Party Related damages when the car insurance policy is not active.

Why choose Finserv Markets For Car Insurance

Trusted companion

We are the trusted partner for more than 100 million customers across India. Come try our services and be part of the Bajaj family.

Claim Settlement Wallet

Get claims for your car insurance settled swiftly and use Motor OTS - an insurance wallet for instant claim approval up to Rs. 20,000.

Round-the-clock Assistance

Get help when you need it irrespective of time. Get in touch with the Bajaj Allianz call centre through the day and even during the night.

Cash-free Servicing

Enjoy cashless services across 4000+ garages. If cashless facility isn't available, you get 75% on account payment by us.

No Third Party Involvement

There's no third party or middlemen involved when it comes to verifying and processing claims. We promise to be swift.

How To Apply For Car Insurance?

No rocket science here! Follow 5 simple steps and you’re done

  • Choose your coverage

  • Fill Form - Vehicle Details

  • Assessment by Insurer

  • Complete payment

  • Policy issued

Claim Process for Car Insurance

Filing claims was never so simple. Just follow these steps and you’re done!

  • 1

    Register your claim online

  • 2

    Upload documents online

  • 3

    Claim Assessment

  • 4

    Claim Decision

  • Process
  • Download
  • Emergency Contact
  • Register a Claim
  • Documents Required
  • Vehicle Repair
  • Claim Settlement
  • Cancellation Process
  • Register a claim

    You would need to register a claim as soon as possible following the accident/theft of your four-wheeler. You can register a claim under your Bajaj Allianz car insurance policy online by visiting the page here or over the phone by dialing our Toll free number - 1800-209-5858, post which you will be connected to our customer care executive who will guide you through the entire Four-Wheeler Insurance claim process. Use the link below to register your claim.

  • Documents required

    Please keep the following information handy while registering a claim:

    • Engine and Chassis Number
    • Accident date and time
    • Description and location of the accident
    • Four-wheeler inspection address
    • Km. reading
    • Police complaint, in case of theft

    Please note that in case of theft, you would need to file a police complaint 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.

  • Vehicle Repair

    Whether your four-wheeler is vandalized, meets with a collision, or gets damaged by some peril, you would need to take it to the garage, if it is in a movable condition, or have it towed there to avoid any further damage.

  • Claim Settlement

    You will have to submit the copies of all the required documents to the garage/dealer who is helping you with your vehicle insurance claim and get them verified with the originals. Following which, we will make the payment for the repair directly to the network garage once it is ready to be sent back to you. Do note that you will have to pay the excess amount according to the norms mentioned in your policy that include depreciation amount, salvage etc. which will be informed to you by our surveyor.

    If the loss is not so severe, we suggest that you avail the spot settlement of Four-Wheeler Insurance claims through Bajaj Allianz Mobile settlement service.

  • Company Cancellation

    The insurance provider may cancel your insurance policy providing a written notice 15-days prior to the date of cancellation. If no claim has been made, a refund of the premium for the unexpired policy period shall be provided on a pro-rata basis.

    Your insurance policy will be cancelled for reasons such as non-disclosure of material facts, misrepresentation, fraud and non-cooperation.

  • Customer Cancellation

    As a customer, you may cancel your insurance policy by providing a written notice 15 days prior to cancellation date. If you've made no claims, the insurer will refund short-term rates for the unexpired policy period.

  • Document Checklist
  • Mandate Form for Electronic Transfer of Claim Payment
  • Motor Insurance Claim Form

Line to redirect customers to links category.

  • Document checklist for four-wheeler insurance
  • Mandate form for four-wheeler insurance
  • Claim form for four-wheeler insurance

Need further assistance? Reach out to us on our Toll-Free Number: 1800-209-5858 and our insurance experts will connect with you shortly.

Car Insurance: An Overview

Car insurance is a motor insurance policy that insures your car against any financial exigencies or unforeseen damage. Four-wheeler insurance covers the risk that may arise due to an accident or loss. The policy is mandatory as per the law and provides cover against any injury arising from traffic collisions, road-mishaps, its subsequent liabilities as well as natural calamities. Your Bajaj Allianz car insurance policy also protects you against cases of theft, burglary and man-made disasters. In the case of third party liability, the policy also covers the legal liabilities, fees and cost of proceedings.

Types of Car Insurance Plans

Third party liability car insurance

Comprehensive car insurance

Coverage against any loss or damage to the third party due to a collision or an accident

Coverage against personal accident, third party liability, injury or damage due to an accident

According to law, it is compulsory to have a third-party insurance

It is not mandatory as per the law, but is highly advisable to have a comprehensive car insurance in place

Damages arising from natural calamities are not included

Natural calamities, theft and accidents are covered

Car Insurance Policy Renewal

To ensure continued benefits from your Bajaj Allianz car insurance policy, you will need to renew the same before it expires. Your policy can be renewed annually either online or offline depending on your policy terms and conditions. In some cases, an individual might get a grace period after the policy lapse. However, if there is still a delay from the policyholder, the policy will lapse, and the claims will not be accepted.

 

Steps to Renew your Car Insurance Policy

  • As a first step, you must enter your necessary details, including your policy number, date of policy and its expiry date.
  • Once you have entered this information, you will be provided with the details of your plan which you can check and review.
  • If any updates or changes have happened in the premium amount over the duration of 6 months to one year, it will be mentioned in the renewal details.
  • Once done reviewing, you need to agree to all the stated terms and conditions, and renew your car insurance policy. Upon renewal, the policy is functional again for you to avail its benefits!

Know more about Car Insurance

Keep your car safe with Bajaj Allianz Car Insurance which assures you instant policy issuance at affordable premiums. With a vast network of 4,000+ cashless garages across all major cities, Finserv Markets helps you drive dent free no matter where the road takes you! Have a look at our range of car insurance plans across a variety of brands and models you can choose from.

Manage all your queries here

  • I have bought car insurance from you. Please help me understand what is covered as part of my car insurance policy.

    Under the Bajaj Allianz car insurance policy, you are covered against the following: 1. Own Damages: This includes damages caused to your vehicle due to theft, fire outbreaks, natural calamities, riots, terrorism and acts arising out of terrorism, accidents, self-ignition and lightning, 2. Third-party damage policy: Only covers legal liability for any damage caused by the policy holder to a third party. This also includes death, bodily injury or damage caused to property of a third party, 3. Personal Accident coverage for the driver-owner: This offers coverage in the event of an unfortunate incident resulting in death or disability of the owner/driver.

  • What do you mean by NCB for car insurance?

    NCB is the abbreviation of No Claim Bonus and it refers to a discount amount offered to the Bajaj Allianz car insurance policy holder during policy renewal. However, to avail NCB, the policy holder should not have made any claim/s during any previous policy tenure.

  • Are there any add-on covers that I can include in my online car insurance package?

    Here are some of the add-on’s we offer our customers: 1. 24X7 spot assistance where we offer services pertaining to repairing of flat tyres, help jump start the car battery, provide legal advice and assistance to deal with emergency situations, 2. Lock and Key replacement coverage (fitting or purchasing new locks, replacing keys in the vehicle that is insured, 3. Accident Shield: Get compensation for total permanent disability or the death of the occupants (paid driver excluded) or any bodily injury that may be caused due to an accident that occurs when travelling in the car that is covered under the insurance policy.

  • What do you mean by comprehensive car insurance policy?

    There are two types of car/four-wheeler insurance policies – Comprehensive Car Insurance Policy and Third-Party Insurance Policy. The first provides coverage for own vehicle damage and as well as third-party liability whereas the second option covers only third-party liability. The rules prescribed by the Government of India makes it mandatory to have third-party liability insurance in place. Bajaj Allianz car insurance policy available on Finserv Markets is a comprehensive car insurance plan.

  • I plan to sell my car. If I do so, what will happen to my car insurance policy?

    You can transfer your Bajaj Allianz car insurance policy to the buyer of your vehicle by applying to your insurance company in writing. For this an endorsement (explained in the Motor Insurance page FAQs) needs to be made to the policy. However, do keep in mind the NCB or No Claim Bonus is not transferred and the difference in the amount needs to be paid. The seller (you) retains the NCB.

  • What do you mean by IDV for car insurance? How is this calculated?

    In simple terms, IDV or Insured's Declared Value is the current market of your car. It is the maximum sum assured that the car insurance company fixes on the vehicle which is provided only in the event of total loss or theft of the same. This is calculated on the basis of the selling price that is listed by the current manufacturer minus depreciation.

  • I want to know what is excluded from my car insurance policy!

    No doubt we offer the best car insurance online, there are certain limitations or exclusions as listed below: 1. Normal wear and tear of the vehicle/general ageing if the car insured, 2. Consequential loss or depreciation, 3. Electrical or mechanical breakdown of the insured vehicle, 4. Normal wear and tear of tyres, tubes. However, if the insured vehicle is damaged at the same time, then the liability amount payable by the insurance company is limited to 50% of the expenses related to replacing that damaged part, 5. Instances where the insured vehicle is used otherwise, beyond limitations, 6. Any damages caused to the vehicle when driven by a person who does not hold a valid license, 7. Damage caused to the vehicle when driven by a person who is under the influence of alcohol or drugs, and 8. Loss or damages caused due to war, nuclear risks or mutiny.

  • Do your policies offer 24X7 spot assistance. If yes, what does the Bajaj Allianz car insurance policy cover?

    24X7 spot assistance is an add-on feature that provides much coverage against loss of car keys, minor repairs that could include jump starting dead batteries, replacing flat tyres, towing facility, fuel assistance, providing taxi and accommodation for the policy holder and also providing legal assistance.

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