Having the right bike insurance can save you from huge financial losses. Having an invalid or expired insurance policy can result in monetary fines and even imprisonment in some cases. The Bajaj Allianz two-wheeler insurance renewal facility brings the right bike insurance policy suited to your requirements.
A comprehensive bike insurance policy will cover third-party liabilities and any damages to your vehicle. Bikes are constantly exposed to threats like accidents and theft. Hence, you must get your two-wheeler insurance and shield yourself from any financial burden in the future.
Two-wheelers are convenient and economical, being the most popular and most used vehicle. However, riding a bike may not be easy, with it exposed to constant risks such as accidents and theft. Even a slight lapse in your bike insurance policy coverage could mean heavy financial losses. Hence, when it comes to bike insurance, timely renewal is a must!
Moreover, bike insurance not only acts as a financial shield against various risks but is also mandatory by law. Riding an uninsured vehicle could cost you a monetary fine and even imprisonment. Read on to learn the steps for Bajaj Allianz two wheeler insurance renewal.
Protection against various uncertainties such as accident, theft, and damage caused to your bike
Coverage for third-party liabilities and legal obligations arising due to accidents
Cashless repairs and replacement at the nearest network garages
No Claim Bonus benefit if you don’t make any claim during your previous policy year
24*7 emergency support so that you are not stranded on the road when you need help
Enhance your financial protection by opting for add-on covers
Check out some of the key features of the Bajaj Allianz two-wheeler insurance policy:
You can reap the benefits of Personal Accident Cover with this insurance policy. It offers coverage of up to Rs. 1 lakh for every driver or owner in cases of mishaps.
Bajaj Allianz smoothens the process of claim settlement with its cashless facility. You can opt for the settlement at any of its network garages spread across several parts of the country.
You can select some add-on covers to ensure additional protection for your two-wheeler.
You are entitled to big discounts of up to 50% on the premium amount in the form of a No Claim Bonus (NCB). If you avoid making claims for a year, you can enjoy the benefits of accumulation of the NCB.
The company also provides 24x7 customer assistance via email, telephone, etc., to help you with tracking, enquiry, and others.
Bajaj Allianz two wheeler vehicle insurance renewal is an easy use insurance renewal facility with its online resources.
When looking to buy or renew Bajaj Allianz two-wheeler insurance, you can choose from among two main plans available:
A third-party bike insurance plan is a basic insurance plan that all vehicles need, per the Motor Vehicles Act of 1989. This insurance plan provides financial coverage related to medical and repair expenses to the third party involved in an accident. This insurance does not provide coverage to the policyholder or their vehicle.
A comprehensive bike insurance plan provides enhanced coverage to the policyholder and their vehicle, apart from providing third-party coverage. In case you are involved in an accident, comprehensive coverage will provide you protection against financial losses related to the treatment of injuries and vehicle repairs and also provide liability to the third party involved in the accident.
Apart from these two types of plans, you can also buy add-on covers for specific coverages on top of your comprehensive insurance coverage.
Bajaj Allianz provides coverage for damages caused by unforeseen events like fire outbreaks, lightning strikes, earthquakes, floods, typhoons, hurricanes, landslides, and other natural calamities.
Human-made losses can be financially burdening. Bajaj Allianz has got you sorted, as it also covers burglary or theft and damages caused to your two-wheeler due to communal riots and other malicious acts.
The policy covers the rider and the pillion person from injuries sustained due to an accident. Coverage of up to Rs. 1 lakh is provided to deal with mishaps. You can also opt for some add-on covers for extra protection.
Accidents can damage your two-wheeler and/or cause permanent disability/death of a person. Choose two-wheeler motor insurance to protect against legal liabilities arising from such incidents.
Repairing a damaged vehicle is costly. Add to that the replacement of a particular two-wheeler component (e.g., engine), and the expenses are bound to be sky-high. You are covered for such expenses with certain additions to your two-wheeler insurance.
If you raise a bike insurance claim for damage incurred by your vehicle, the insurer will not cover it without a driving licence. If the loss was incurred while riding the two-wheeler without a valid licence, you must take care of the costs from your pocket.
Insurance providers will not compensate you for the damage incurred by your bike while riding under the influence of alcohol or drugs. Furthermore, it is advised not to drink and drive to avoid unfortunate mishaps. This will not just put your life at risk, but your insurance plan won't cover the expenses in such cases.
Your bike insurance policy does not include coverage for damage caused due to overspeeding. Thus, driving within the speed limit specified on the road is recommended.
In case you stage an accident, or if the insurer finds the claim fishy, the insurance provider will not cover any losses caused to the vehicle.
Another bike insurance claim that the insurance provider will deny is theft due to the misplacement of keys. If you lose your vehicle's keys or accidentally leave them on the bike and it gets stolen, your claim will mostly be rejected.
The insurance company will not cover any mechanical or electrical breakdown. Thus, you must regularly check your two-wheeler for safety purposes. Moreover, ensure you go through the policy documents to understand the terms and conditions of the plan.
If your bike gets damaged due to an uprising in your country, the insurer will not cover the expenses. This also includes loss resulting from war, mutiny, terrorism, riots, or political instability.
Any loss or damage to your two-wheeler while driving outside the geographical area mentioned in the policy will not be covered. Thus, ensure to read the fine print and ride within the specified limits.
Every two-wheeler insurance plan has a fixed tenor during which your vehicle is secured. Once your policy expires, you must renew the bike insurance to gain coverage against unfortunate incidents. If you do not renew the plan and it lapses, you also lose the bike coverage. After the policy expiry, the insurer will not cover any damage incurred by your vehicle.
When purchasing two-wheeler insurance, you need to mention the names of all the individuals who might ride your bike. This is because the loss caused to your vehicle by an unauthorised driver will not entitle you to file a claim.
Make sure you only use your two-wheeler for commercial purposes after informing your insurer, as it might lead to the rejection of your claim. Any damage caused due to such activities is not covered.
It is vital to wear your helmet while riding your bike to safeguard yourself from unforeseen incidents. Moreover, loss resulting from not wearing your helmet can enable the insurer to deny your claim.
Some add-on covers you can buy on top of your Bajaj Allianz two-wheeler insurance policy include the following -
Flat tyre: If your vehicle develops a flat tyre, your insurer will get a technician to address the issue right away.
Flat battery: In case of a flat battery, your insurer will offer alternative arrangements to make your vehicle mobile.
Spare keys: If you lose the keys to your insured vehicle, your insurer will make arrangements to deliver the spare keys.
Minor repair: Your vehicle might face a breakdown due to mechanical or electrical failure. In such instances, your insurer will offer technical assistance to ensure vehicle mobility.
Here's how you can get Bajaj Allianz bike insurance renewal online quickly and easily through Bajaj Markets
Visit us on Bajaj Markets online
Enter the previous policy details
Enter your personal and bike details
Website screen will reflect updated premiums charges in the renewal details.
Make an instant online payment, and you're done!
Your bike insurance will be active, and you can continue to earn its benefits.
You can get Bajaj Allianz general insurance renewal for two wheeler by calling on the toll-free number of Bajaj Allianz Bike Insurance at 1800 209 5858.
You can also visit the nearest branch for the renewal. You can use the Bajaj Allianz Locator tool available on their website to find the nearest Bajaj Allianz General Insurance branch and pay a visit to renew your policy.
You can follow the given steps to register a claim for two-wheeler insurance:
Step 1: If you get into an accident, you should immediately take it to a garage to examine the damage caused.
Step 2: In case of vehicle theft, immediately file an FIR at the nearest police station and secure a copy.
Step 3: Contact the insurance company and register a claim with them by providing all relevant information, such as details of the incident, your policy number and details, a copy of FIR, etc.
Step 4: Once your claim has been registered, you will be given a Claim Reference Number that you can use to track the status of your insurance claim.
Here's where you can get in touch with the Bajaj Allianz team in case you need assistance.
1. For any Bajaj vehicle insurance-related claims, you can call the customer care number: 1800 209 5858
2. You can also connect on their WhatsApp service number is +91 75072 45858
3. You can also email them at: firstname.lastname@example.org
You can also contact the Bajaj Markets team for Bajaj Allianz Bike Insurance Queries. Here's how you can connect with us should you need any help.
1. You can call us on 020-66399444 (Mon to Sat - 10 am to 6 pm)
2. You can write to us at: email@example.com
3. You can also login to our Customer Portal - https://www.bajajfinservmarkets.in/cust/#/
4. Download the Bajaj Markets App that helps you manage your account and track your applications - anytime, anywhere!
You can do your Bajaj Allianz two-wheeler insurance renewal on Bajaj Markets by uploading the previous policy details and documents and making the online payment.
You can contact 1800 209 5858 for help while renewing your Bajaj Allianz two-wheeler policy.
You must submit the policy documents and a duly filled surrender form at the nearest branch. Post which it would take a couple of days to refund the premium amount and cancel the policy.
NCB is a benefit rewarded to policyholders who did not claim in their previous policy year. Bajaj Allianz Two-wheeler insurance offers up to 50% NCB on its damage premium if no claims are made for five successful policy years.
You can get Bajaj Allianz bike insurance renewal online by following a few easy steps. Firstly, you need to enter the required details, including your policy number and the expiry date of the existing policy. Secondly, clear the payment after getting the renewal quote.
If you fail to renew your policy before its expiration date, you will have to bear with the following disadvantages:
Since driving a bike without third-party insurance on Indian roads violates government law, it entails hefty fines and penalties. A fine amount of Rs. 2000 is levied on the perpetrator. The violator might even be imprisoned.
You cannot avail of the NCB benefits in case of policy lapse. This means you might lose up to a 50% discount on your premium plan (depending on the consecutive years of no claim).
Most importantly, you will be insecure in mishaps or third-party liabilities.