- 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.
Benefits of buying Bajaj Bike insurance
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Instant Claim Settlement
With Motor On the Spot Service, you can enjoy an instant claim settlement within 20 minutes!
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Customer Support
You have 24x7-customer care assistance available over email or telephone. The insurer also offers instant SMS facility and claim assistance services.
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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
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:
- Enter the important details like your bike’s registration number & your mobile number.
- Confirm if your existing policy has expired
- Provide additional details of your bike such as its registration number, its make & model, fuel type, registration details, and more
- Make your choice: Third-party Plan or Comprehensive Plan
- Provide your personal details and proceed
- And, the Bajaj Allianz Bike Insurance premium will be displayed.
How to Buy Bajaj Allianz Bike insurance
Purchasing two wheeler insurance at Finserv MARKETS is simple and straightforward.
- Enter your bike number & mobile number
- Fill the application form with some important information of your bike
- Pick the Bike Insurance plan of your choice
- Make payment
- 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
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!
If you are wondering how to renew bike insurance online in a quick and easy way, Finserv MARKETS is the right place to do at. All you have to do is
- Visit us on Finserv MARKETS online
- Enter the previous policy details
- Enter your personal details along with the details of your bike
- Any updates to the premiums charges (made in over the last six months) will be reflected in the renewal details
- 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!
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1
Register your claim online
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2
Upload the requested documents
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3
The insurer will assess your application
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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
- You can call us on : 020-66399444 (Mon to Sat - 10 am to 6 pm)
- You can write to us at: insuranceconnect@bajajfinservmarkets.in
- You can also login to our Customer Portal - https://www.bajajfinservmarkets.in/cust/#/
- Download the Finserv MARKETS App that helps you manage your account and track your applications - anytime, anywhere!
FAQs about Bajaj Allianz Bike insurance
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✔️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.
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✔️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.
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✔️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.
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✔️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.
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✔️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.
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✔️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.
