Why should you buy a Car Insurance Policy?
- Covers Expenses on Own Damage: In addition to collisions, natural calamities can also cause damage to cars. Regardless of the cause, having the car repaired comes with costs. Because it pays for losses resulting from unintentional accidents, purchasing auto insurance is therefore highly recommended.
- Third Party Liabilities: An automobile is a machine that can have malfunctions. An out-of-control car poses a risk to people and public areas. Should your vehicle be involved in an accident, you will have to pay for the losses incurred. Your insurance provider will handle the liabilities if you have auto insurance.
- Personal Accidents: Driving with a lifeguard on board is similar to having four-wheeler insurance. You have to have backup money to pay for the costs associated with auto accidents. A permanent disability resulting from an automobile accident is also covered by an auto insurance policy. For families, this kind of financial support is excellent and unavoidable. Your and the other occupants’ accidental death and permanent whole or partial disability (loss of limb) as a result of an automobile accident may also be covered by the auto insurance plan.
- Mandatory By Law: The Motor Vehicles Act states that having at least third-party auto insurance is required if you own an automobile. It is illegal to not have, and if you are discovered doing so, you may face consequences.
- Extended Benefits With Add-ons: When you purchase auto insurance, you have the option to add on benefits like depreciation shield protection, consumables expenditures, breakdown support, conveyance benefits, engine protector, and more in addition to the ones you just saw. This only adds to the benefits already packed into your policy.
Why Should You Renew An Expired Car Insurance Policy Immediately?
Renewing your lapsed four-wheeler insurance as soon as possible is crucial. As we’ve seen, the main motivation behind this is to stay out of trouble with the law because driving without insurance is prohibited. In addition, there are two main justifications for promptly renewing your auto insurance:
- To Receive Your Bonus of No Claims: You will forfeit any applicable no claims incentive if you choose not to renew your policy. Over time, your incentive accrues to earn you favorable discounts and additional advantages. You would let them expire if you didn’t renew.
- Cost Burden: You should foot the bill for catastrophes like accidents or damage to your car if you don’t have auto insurance. Your car’s recovery will cost money that you have to pay out of pocket or from savings. It is strongly advised to renew four-wheeler insurance in order to avoid any kind of financial hardship.
It’s easy to renew auto insurance online.
IMPORTANT POINTS TO NOTE BEFORE BUYING CAR INSURANCE
⇢ INCLUSIONS
- Loss Due to Natural Calamities: We will protect your car against naturally occurring disasters including fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, and rockslide—even if we may not be able to stop them.
- Loss Due to Man-Made Calamities: The evil side of humanity is exposed by man-made disasters, but we can mitigate the harm by insuring your vehicle against theft, rioting, strikes, malicious acts, external accidents, terrorist activities, and any damage sustained while being transported by road, rail, inland waterway, lift, elevator, or air.
- Personal Accident Cover: Yes, your automobile is valuable, but so are you. The owner-driver of the vehicle is covered for ₹ 15 lakh while driving, traveling, and mounting or dismounting thanks to the Personal Accident policy. There is also an option for paid drivers and passengers to get personal accident insurance.
- Third Party Legal Liability: We assist you in meeting your legal responsibilities in the event that you are involved in an accident that causes property damage or a third party’s death.
⇢ EXCLUSIONS
- Depreciation: The coverage does not extend to normal wear and tear, general aging of the car, or consumables like tires and tubes. Depreciation and any ensuing losses are also not included.
- Influence of Substances: Since we encourage safe driving, we do not pay for any damage an impaired driver causes to the car. This includes driving under the influence of alcohol or drugs.
- Invalid License: We also do not cover losses brought on by someone operating a vehicle without a valid license because it is against the law to drive without one.
- War, Mutiny or Nuclear Risk: The circumstances during war, mutiny, and nuclear peril are unpredictable and uncontrollable, just like in a zombie apocalypse. Any damage to your car during such events is not insured.
Bajaj Allianz Car Insurance Plans
1. Comprehensive Plan
- Coverage Type: Comprehensive
- Claims Settled: 98.5%
- Price: ₹2,468 (Buy Now)
- Add-ons: Roadside Assistance, Key & Lock Replacement, Electrical Accessories, and more.
- Claim Benefits: Quick reimbursement, advance payment, spot claims, 6-month repair warranty, and more.
2. Third Party Plan
- Coverage Type: Third Party
- Claims Settled: 98.5%
- Price: ₹2,094 (Buy Now)
- Limited Third Party Plan: ₹1,994 (Buy Now)
3. Own Damage Plan
- Coverage Type: Own Damage
- Claims Settled: 98.5%
- Price: ₹2,731 (Buy Now)
- Add-ons: Roadside Assistance, Key & Lock Replacement, Electrical Accessories, and more.
- Claim Benefits: Quick reimbursement, advance payment, spot claims, 6-month repair warranty, and more.
4. Pay As You Drive
- Coverage Type: Pay As You Drive
- Claims Settled: 98.5%
- Price: ₹2,656 (Buy Now)
- Customizable Driving Limit: 3,000 km, 5,000 km, 7,500 km, 10,000 km, 15,000 km.
- Add-ons and Claim Benefits: Similar to the comprehensive plan.
About Bajaj Allianz General Insurance Company
Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE. It is a leader in the motor insurance market, offering a range of economical insurance plans with a 98.5% claims settlement ratio.
Key Features of Bajaj Allianz Car Insurance
- Third-Party Coverage
- Claim Settlement Ratio: 98.5%
- Personal Accident Insurance: Up to ₹15 Lakhs
- Network Garages: 4,000
- No Claim Bonus: Available
Benefits of Bajaj Allianz Car Insurance Plans
- Early Bird Discount
- Cashless claim settlement at 4,000+ garages
- Vehicle tracking with Drive Smart Service
- Transferable No-Claim Bonus
- Personal Accident Cover
Types of Bajaj Allianz Car Insurance Policies
1. Third-Party Car Insurance
- Covers third-party property damage, bodily injury, and death.
- Excludes damages to the insured car.
2. Standalone Own Damage Insurance
- Covers damages from accidents, theft, fire, etc.
- Can be added to an existing third-party plan.
3. Package Car Insurance
- Comprehensive coverage against theft, collision, and accidental damage.
- Includes add-ons for enhanced protection.
Bajaj Allianz Car Insurance Add-ons
- Personal Baggage Cover
- 24×7 Spot Assistance
- Pay As You Consume Cover
- Lock And Key Replacement Cover
- Consumables Expenses
- Zero Depreciation Cover
- Engine Protector Cover
How to Renew Bajaj Allianz Car Insurance
Renew your Bajaj Allianz car insurance easily online. Enter details, choose a plan, and make the payment. Your renewal papers will be emailed.
How to File a Claim Under Bajaj Allianz Car Insurance
- Inform the Insurer: Report the incident online, via email, or toll-free number.
- Show Documents: Fill the claim form, upload necessary documents.
- Car Inspection: A surveyor will estimate damages.
- Claim Processed: Repairs are done, and payment is made to the network garage.
Documents Required for Claim
- Police FIR copy
- Signed claim form
- Insurance policy proof
- Valid driving license copy
- Repair bills, receipts
- Registration certificate copy
FAQs
Q1. Why is Car Insurance Necessary?
A1. Car insurance protects against third-party liability, personal accident, and own car damage. It’s mandatory by law.
Q2. Can I Buy Bajaj Allianz Car Insurance Online?
A2. Yes, Bajaj Allianz allows online purchases with various payment options.
Q3. How Can I Renew Bajaj Allianz Car Insurance Online?
A3. Log on to metassure, enter details, choose a plan, and make the payment.
Q4. How Long Does Bajaj Allianz Take to Settle Claims?
A4. Claims are usually settled within 3 business days and within 7 days for all types.
Q5. Does Bajaj Allianz Offer Discounts?
A5. Yes, various discounts are offered, including No Claim Bonus (NCB).
Q6. Can I Transfer NCB to Bajaj Allianz?
A6. Yes, inform the insurer about your NCB while buying/renewing the policy.
Q7. What is No Claim Bonus (NCB)?
A7. NCB is a discount on the premium for claim-free years, accumulating up to 50% after five years.
Q8. Do I Need Documents for Online Renewal?
A8. No documents needed for online renewal on metassure.
Q9. What are Compulsory Deductibles?
A9. Compulsory deductibles are the amount paid by the policyholder during claim settlement.
