Bajaj Allianz Bike Insurance

  • Overview
  • Renewal
  • Claim Settlement
  • Customer Care

About Bajaj Allianz Two Wheeler Insurance 

When it comes to buying an insurance policy, Bajaj Allianz General Insurance has been the trusted choice of the customers over the years. Bajaj Allianz General Insurance offers sought-after Two wheeler insurance plans that are designed to meet the changing needs of customers. The company is the forerunner of the cashless claim settlement facility in the insurance sector, making insurance hassle-free and convenient for customers.

An economically great option, two-wheeler is being accepted on a very large scale in India. Reaching every home, two-wheelers are becoming a key aspect of our life. However, with the growing use of this vehicle, security on roads is being compromised. It is becoming extremely important to secure our ride with an insurance cover, that cushions the blow of expenses following an accident. Moreover, with third-party two wheeler insurance being made mandatory by law, it becomes all the more important to stay covered. 

What are the Key Features of Bajaj Allianz Two Wheeler Insurance 

With unique facilities that keep your two-wheeler financially protected at all times, the plan is a trusted choice. 

Cashless Claim Facility

You can take advantage of hassle-free claim settlement at any of the network garages across India. The insurer will compensate for the repair cost incurred and settle the payment directly with the garage.

Instant Policy Renewal

You can renew your bike insurance policy online, anytime and anywhere before the expiry date, in a convenient manner.

Coverage for Accidents

Comprehensive bike insurance plan comes with personal accident coverage of up to INR 1 Lakh. Also, optional add-on coverage is offered to the pillion rider.

Long-term policy with one click

Buy a long-term Bajaj Allianz Two-wheeler Insurance policy in a single click!

24X7 Roadside Assistance

With exceptional customer service, Bajaj Allianz Two Wheeler Insurance offers round-the-clock roadside support in case of an emergency breakdown, so you are not stranded on the road.

Benefits of buying Bajaj Bike insurance

Benefits of Bajaj Allianz Bike Insurance

  • Instant Claim Settlement

    With Motor On the Spot Service, you can enjoy an instant claim settlement within 20 minutes!

  • Customer Support

    You have 24x7-customer care assistance available over email or telephone. The insurer also offers instant SMS facility and claim assistance services.

  • Premium Discounts

    In case you do not make a claim during the policy term, you can avail the No Claim Bonus (NCB). Therefore, if you have not filed claims on your bike insurance, you can seek NCB discounts of up to 50% on premium, during policy renewal.

Why Buy the Bajaj Allianz Bike Insurance Policy

Bajaj Allianz Two Wheeler Insurance

With Bajaj Allianz Bike Insurance, you need not worry about the sudden bike damages arising due to accidents. 

Types of Bike Insurance Plans Offered by Bajaj Allianz 

Bajaj Allianz General Insurance offers two types of Bike Insurance plans:

Third-Party Liability Cover

A third-party bike insurance is the most basic bike insurance policy that covers any damages caused by your bike to the third-party involved. As per the Motor Vehicle Act, 1988, it is mandatory to possess a bike insurance plan for riding on Indian roads. Failing to this, could lead to a penalty and in worse cases, even imprisonment. A third-party bike insurance covers you against any third-party damage or loss caused due to your bike, when in an accident.

Comprehensive Cover

A comprehensive bike insurance plan is an all-inclusive comprehensive offering that not only provides a financial coverage for third-party damages but also extends protection for own damages caused to you and your bike. A comprehensive bike insurance policy does not just cover third-party damages and loss but also protects your bike in case of accidents, theft, and loss incurred due to human-made or natural disasters. Moreover, it also provides personal accident cover to the rider. Although it is not mandatory by law, it is advisable to go for a comprehensive bike insurance plan as it has you covered for more, while you are on the road, so you can drive with a complete peace of mind.

About Bajaj Allianz Long Term Two Wheeler Insurance Plan 

With the availability of two-wheeler insurance online, purchase and renewal can be completed in just a matter of minutes. However, even a small gap in renewal can leave you and your bike vulnerable to innumerable risks, due to which timely renewal of your two-wheeler insurance policy is crucial. With a long-term two-wheeler insurance, you need not go worry about renewing your policy annually. Bajaj Allianz Long-term Two-wheeler Insurance Plan is available for a period of 3 years. Moreover, the long-term plans are cost-effective and low on premiums as the three-year span reduces the cost of issuing policies and administering them. If you opt for a long-term bike insurance policy, you can secure up to 20%-30% discount on the policy premium.

You can now seek long-term insurance coverage with Bajaj Allianz Two Wheeler Long Term Plan. Following are some key features of Bajaj Allianz bike insurance long term plan.

24x7 Call Assistance

Do you have queries regarding the claim settlement process or maybe otherwise? If yes, then you can call us anytime and from anywhere. Our expert executives will be available at your service 24x7, 365 days a year, and even on holidays.

No Claim Bonus (NCB) Transfer

This is one of the most beneficial features of Bajaj Allianz two wheeler insurance. You can avail NCB discounts on premiums up to 50% during policy renewal.

No Bike Inspection Required

When you are renewing bike insurance online, the insurer will not inspect your vehicle again. However, the policy needs to be renewed before the expiration date.

Coverage for Three Years

With Bajaj Allianz Long Term insurance, you do not have to worry about renewing your policy annually.

Savings in the Long Run

With long term two wheeler bike insurance, you tend to save a significant amount of money. This is because the premium rates and service taxes change annually. But since your policy term is for three years, you remain unaffected with the said changes.

No Claim Bonus (NCB) Benefit

In case you make a claim on your long term bike insurance plan, the NCB will not become zero. However, a specific percentage of it does reduce, but will never become null.

Advantages of Bajaj Allianz long term bike insurance plan over single year insurance plan 

Bajaj Allianz offers a different plans to cater to the distinct needs of customers.

When it comes to Two Wheeler Insurance, Bajaj Allianz offers two plans – Comprehensive Two Wheeler Insurance and Third Party Insurance.  Moreover, with the changing needs of customers, Bajaj Allianz also these two types of Comprehensive Two Wheeler Insurance with the following features:

Parameter

3 Year Long-Term Bike Insurance

Short-Term Bike Insurance

Renewal

With policy renewal after three years, you need not go through the hassle of renewing your policy.

A single-year policy needs to be renewed annually

No Claim Bonus (NCB)

Get additional NCB benefit at the time of renewal

NCB benefit as per tariff

Premium Hike

No effect on third-party (TP) premium during the policy period

TP premium increases annually

NCB benefit after a claim

NCB is reduced, but doesn’t become nil

With a single-year policy, NCB becomes nil after a claim

Mid-term cancellation refund

Facility of proportional refund that too even after claim (during the policy term)

In case of a single-year two wheeler insurance policy, no refund is available in case of any claim

Bajaj Allianz Two Wheeler Insurance Add-On Covers 

Add-On Covers available with the Bajaj Allianz Bike Insurance Policy offer an extra layer of protection for your bike so you can rest assured!

Zero Depreciation Cover

Right from the day of purchase, your two-wheeler’s price starts to depreciate. On filing a claim, the amount paid will include the depreciating value of your insured bike. With the zero depreciation cover, you are covered against this depreciation value, thereby minimizing your out-of-pocket expenses during a claim

Round-the-clock Spot Assistance

In case of a sudden breakdown during your ride, all you need to do is, call 1800 103 5858 and Bajaj Allianz Roadside Assistance team will offer the complete support you need

Personal Accident Cover for Pillion Rider

This cover lets you take care of the safety of the pillion rider too. The personal accident cover for pillion riders covers the treatment costs of your co-passenger in case he/she suffers serious injuries due to a mishap. 

How to Calculate Premium for Bajaj Allianz Bike insurance 

Finserv MARKETS has made it very easy for you to calculate your Bajaj Allianz Two-wheeler Insurance premium. All you need to do is use the bike insurance premium calculator, go through a convenient, hassle-free and quick process, and your premium amount is displayed on your screen.

Here’s how:

  1. Enter the important details like your bike’s registration number & your mobile number.
  2. Confirm if your existing policy has expired
  3. Provide additional details of your bike such as its registration number, its make & model, fuel type, registration details, and more
  4. Make your choice: Third-party Plan or Comprehensive Plan
  5. Provide your personal details and proceed
  6. And, the Bajaj Allianz Bike Insurance premium will be displayed. 

What’s covered in the Comprehensive Two-wheeler insurance plan

  • Loss/damage incurred due to human-made or natural calamities

    Damages caused by fire outbreaks, lightning strikes, earthquakes, floods, typhoons, hurricanes and landslides and other such natural calamities

  • Theft or total loss of the bike

    Burglary/theft and damages caused to your two-wheeler due to communal riots and other such malicious acts.

  • Personal accidental coverage

    Covers the rider as well as the person riding pillion from injuries sustained due to an accident

  • Third-party legal liabilities

    Accidents can result in damages to your two wheeler and/or permanent disability/death of a person. Choose two wheeler motor insurance to stay protected against legal liabilities that arise out of such incidents

  • Repair and replacement expenses

    Repairing a damaged vehicle is costly. Add to that replacement of a particular two wheeler component (engine for example) and the expenses are bound to sky-rocket. With two wheeler insurance, you are covered for such expenses

What’s not covered in the Comprehensive Two-wheeler insurance plan

  • Wear & Tear

    Your bikes typical wear and tear due to usage is not covered under the policy

  • Non-accidental breakdown

    Mechanical and electrical breakdown of the insured bike is not covered

  • Illegal driving

    Damage/loss caused due to accidents caused when driving in the influence of intoxicants

  • Driving without necessary documents

    Damage/loss caused when riding without a licence

How to Buy Bajaj Allianz Bike insurance 

Purchasing two wheeler insurance at Finserv MARKETS is simple and straightforward.

  1. Enter your bike number & mobile number
  2. Fill the application form with some important information of your bike
  3. Pick the Bike Insurance plan of your choice
  4. Make payment
  5. Your policy will be shared on your registered email address

You can also buy the Bajaj Allianz Two-wheeler Insurance on the insurer’s official website:

Here’s how:

1. Visit the official website

2.Enter the details required including your name, bike details and mobile number

3.Select your plan

4.Make payment

5.Get your policy instantly

  • Download
  • Bajaj Allianz Two Wheeler Package Policy Brochure

Steps for Renewing your Bajaj Bike Insurance policy 

Carrying an expired bike insurance policy when riding your bike only means that you are more vulnerable to road mishaps and other third-party liabilities. Without a financial cover by your side. overcoming these expenses can drill a hole in your pocket. Hence, it is highly advisable to renew bike insurance, on time. Moreover, with third-party bike insurance being mandatory, there’s hardly any choice!

Here are the steps for Bajaj Allianz bike insurance renewal!

Finserv MARKETS is the right place for Bajaj Allianz two wheeler insurance renewal online. All you have to do is

  1. Visit us on Finserv MARKETS online
  2. Enter the previous policy details
  3. Enter your personal details along with the details of your bike
  4. Any updates to the premiums charges (made in over the last six months) will be reflected in the renewal details
  5. Upon successful online payment, your bike insurance will be active, and you can reap its benefits

 

Steps for claiming Bajaj Bike insurance Online

Bajaj Allianz Bike Insurance offers a seamless claim process and excellent claim settlement, makes it a very effective deal. You would need to register a claim as soon as possible following the accident/theft of your bike. This way, your insurer is informed in time and you can claim your insurance in a jiffy! 

It takes just takes a few easy steps to file a Bajaj Allianz bike insurance claim

Bajaj Allianz Bike Insurance Claim Process

Just follow these steps and you’re done!

  • 1

    Register your claim online

  • 2

    Upload the requested documents

  • 3

    The insurer will assess your application

  • 4

    Check claim status online

Contact Details 

Here’s how you can get in touch with Bajaj Allianz team which is dedicated towards providing you a great customer experience.

  • For any Bajaj vehicle insurance related claims, you can call the customer care number: 1800 209 5858
  • You can also connect on their WhatsApp service number is +91 75072 45858
  • You can also email them at: bagichelp@bajajallianz.co.in

You can also seek assistance from the Finserv MARKETS team that is committed to serve you better. Here’s how you can connect with us, should you need any help with Bajaj Allianz Bike Insurance

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FAQs about Bajaj Allianz Bike insurance

  • ✔️What is covered under a third-party bike insurance policy?

    Bajaj Allianz two-wheeler insurance (third-party) policies cover these risks:

    1. Injury or death of the third-party,

    2. Any damage caused to the third-party

    3. Any liability in the case of the death of the third-party or if any injury stated is unlimited.

  • ✔️Is it beneficial to choose a long-term two-wheeler insurance plan?

    Long-term two-wheeler insurance plans cover more than just damages caused due to natural calamities. Coverage under the best bike insurance plans on a long-term basis include accidents and any unforeseen event. In terms of benefiting from such plans, the policy holder doesn’t have to face the hassle of documentation during policy renewal, making it extremely convenient for him/her.

  • ✔️What are the consequences of an expired two-wheeler insurance policy?

    Upon expiry of your bike insurance policy, you are exposed to risks that were covered by your Bajaj Allianz bike insurance plan. The consequences of this are as follows:

    1. Negative impact on your NCB

    2. Exposure to third-party risks and liabilities

    3. Increase in costs related to repairs of your vehicle as these are not covered by any insurance policy.

  • ✔️What do you mean by IDV for bike insurance? How do you calculate IDV?

    In motor insurance terminology, IDV for bike insurance refers to the current market value of the vehicle. It corresponds to the maximum sum assured fixed on the vehicle by the bike insurance company and is paid against total loss or theft of the bike. This calculation reached at on the basis of the selling price of the bike as determined by the current manufacturer minus depreciation.

  • ✔️I plan to transfer my Bajaj Allianz two-wheeler insurance to a new provider. Can my ‘No Claim Bonus’ (NCB) be transferred from my current insurance provider to the new company?

    Sure, you can transfer up to 50% of your NCB from the old (current) insurance company to the new provider. when you do so on the Finserv MARKETS platform.

  • ✔️How do I contact the insurer in case of any complaints?

    You can write to the insurer on the Customer Service Email: hello@acko.com. You can also contact us at Finserv MARKETS at insuranceconnect@bajajfinservmarkets.in, so we can assistance you better.

Reviews about Bajaj Allianz Two Wheeler Insurance Policies

Bajaj Allianz Bike Insurance Reviews

3.8out of 5

3 reviews

Got my bike insured in no time!

I purchased Bajaj Allianz bike insurance for my new bike. The online application process for insurance policy was so fast and convenient for me that I just could not stop praising the services.

Roshan

Posted on 23 Feb 2019

Very Supportive Customer Care Team!

When I applied for the two wheeler insurance on Finserv MARKETS, the customer service executive explained to me the entire process. This made the application process very simple and I got my policy issued in no time. Thanks Finserv MARKETS!

Deepak Mane

Posted on 06 Feb 2020

Smooth online application process!

I availed Bajaj Allianz two wheeler insurance on my bike and I must say, the whole process was so smooth that it really eased off my stress. The services provided by Bajaj two wheeler insurance was excellent. Thank you so much.

Pravin

Posted on 17 Dec 2019

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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522