Bajaj Allianz Car Insurance

3.9 / 5 based on 62 User Reviews
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Bajaj Allianz Car Insurance Overview

Bajaj Allianz Car insurance by Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE. The company has been a leader in the car insurance market with world-class products, efficient service and after-sales support. The company has been offering various types of insurance plans both in the Life Insurance category and General Insurance category. Car insurance that the company offers falls under the category of Motor Insurance plans offered. Car insurance plans, as compulsory under the law, are offered with extra additions at the discretion of the customer who can make additions to increase the scope of coverage extended on his car.

Why is a car insurance policy must?

Though the legal requirements bind you to buy a car insurance plan and also keep on renewing it year on year if you want to legally drive your car, you should also consider the importance of having such a policy besides its legal implications. Accidents are uncertain and might happen with anyone. Any single case of accident causes huge financial loss by harming you, your vehicle and also any third party. This loss has the potential to wipe out your savings. Having an insurance policy which would compensate the financial losses would help in safeguarding your savings and also paying off any aggrieved third party of the damages they incur. Bajaj Allianz car insurance can be one of the best option while choosing your car insurance.

Bajaj Allianz Car Insurance Plan at a Glance

Features

Coverage and Benefits

Third Party Coverage:

Upto 7.5 L

Incurred claim ratio:

71.61%

Personal Accident Insurance:

Yes

Network Garages:

4000+ network garages.

No Claim Bonus

Up to 50% of existing policy


Advantages of buying Bajaj Allianz car Insurance

The company is called the leader in the insurance industry because it gives its customers a little extra benefit when they buy car insurance plans from the company. Below are the advantages of buying car insurance plans from Bajaj Allianz:

  • The company has a specialty in servicing claims to settle them fast
  • A comprehensive Bajaj Allianz car insurance, covers for both third party legal liability and own damage liability under the same plan. Moreover, a range of extra coverage options are also available under the Bajaj Allianz Car insurance plan some of which are free while an extra premium is required for others.
  • Cashless claim settlement can be done across 1500 preferred workshops. If the cashless claim settlement facility is not available then the company pays 75% on account payment.
  • This policy can however be purchased over the internet as well through a simple process wherein one can do so by visiting the company website, choosing the motor insurance tab and then click on buy online or renew online, fill in the basic details, compare and hence purchase.
  • The company provides a 24*7 telephone support and assistance to deal with claims raised by customers which is available even on holidays
  • Up to 50% of the No Claim Bonus of any existing plan from another insurer can be transferred to the plan bought from Bajaj Allianz General Insurance Company.
  • There is a facility of SMS alerts on the claim status operated through the Bajaj Allianz Car Insurance company’s 24*7 call centers
  • Preferred workshops associated with Bajaj Allianz Car Insurance provides access to hassle-free inspection services and gives the customers high standards of service for their insurance plans

Features and Benefits of Bajaj Allianz Car Insurance plans

The Bajaj Allianz Car Insurance company sells three different types of car plans to customers and every plan has the following similar attributes:

  • Private cars as well as commercial vehicles can be insured
  • Towing Facility is provided if there is a breakdown or an accident
  • 24*7 spot assistance is offered for breakdowns or accidents
  • New customers or existing ones can avail lock and key replacement cover
  • Other add-on covers include Accident Shield, Conveyance Benefit and Consumable expenses and these can be added for increased protection

Private Car Insurance Plans by Bajaj Allianz:

Range of coverage under Private Car Insurance Plans By Bajaj Allianz

The plan offered by the Bajaj Allianz car Insurance company covers the following:

  • Any loss or damage which happens to the car because of natural calamities which include fire, explosion, earthquake, self-ignition or lightning, flood, typhoon, tempest, inundation, , hurricane, storm, cyclone, hailstorm, frost, landslide, etc.
  • Any sort of loss or damage as a result of man-made causes like burglary, riot, theft, strike, accident by external means, malicious act, terrorist activity, any damage while the car is in transit by road, rail, inland waterway, lift, elevator or air
  • A compulsory Personal Accident cover for the owner or driver of the car while mounting or dismounting and driving or travelling from the car. The coverage under this Bajaj Allianz Car Insurance plan is provided for up to Rs.2 lakhs for a minimal amount of premium of Rs.100
  • A legal third party liability cover which covers legal protection from any death or injury claims made by third parties because of damages which result in a permanent injury or death of any person and also damages caused to the surrounding property which also includes the vehicle’s occupants, or cost and expenses which are incurred without the prior agreement of the company along with personal accident benefits for the paid driver, proposer, and the vehicle’s occupants
  • The legal third party liability cover is an unlimited amount for death and up to a maximum of Rs.7.5 lakhs for injury and damage to the property of third party.
  • Electrical or electronic fittings like, music system, fog lights, AC, spoilers with brake lights (for 4% of the accessory’s value)
  • Non-electric fittings which include mag wheels, non-electrical spoilers, seat covers etc. as per the own damage rate on the value of the accessories
  • CNG Kit and Bi-fuel system as endorsed on the RC Book will be covered at an additional payment of premium.

Add-on covers on Bajaj Allianz Car Insurance

The following additional cover options can be availed if you pay an extra amount of premium:

  • Conveyance Benefit cover – Under this Bajaj Allianz Car coverage, a daily cash benefit, the amount of which depends on the Bajaj Allianz Car Insurance plan opted by the customer, will be paid by the company in the event of the car being at a workshop undergoing repairs due to accidental damage suffered by the car for which a claim has been made on the company and such a claim has also been accepted by the company. The coverage will start from the day the surveyor appointed by the company has concluded valuation of the vehicle under the own damage claim raised by the customer. If there is a change in ownership of the vehicle, the cover will expire
  • Accident Shield Cover – The Bajaj Allianz Car Insurance company compensates the occupants of the insured car in case of death and/or any permanent total disability arising out of an accidental bodily injury suffered in an accident while travelling in the insured car under the Accident Shield cover opted under the plan
  • Consumable Expenses cover –The consumables’ expenses will be covered if the car incurs damage through causes covered under the Bajaj Allianz Car Insurance plan. The cost covered will be the expenses required to replenish or replace the consumables which were damaged during the repairing of the damaged car. The consumables covered include engine oil, power steering oil, gear box oil, coolant, brake oil, AC gas oil, AC refrigerant, fuel filter, battery electrolyte bearings, washers, wheel balancing weights, clip, and other similar items except fuel

Variants of Car Insurance Plans offered by Bajaj Allianz

The Bajaj Allianz general Insurance company issues Car Insurance plans in three variants which are described below:

  1. Best Value Plan – A basic Bajaj Allianz Car Insurance plan with the lowest cost of premium among all the variants. The coverage is also very basic in nature with a low own damage premium. The plan covers basic Third Party Liability, Personal Accident coverage for owner or driver and 24*7 Roadside Assistance cover. Other optional covers include coverage for electrical accessories, coverage for non-electrical accessories, Personal Accident cover for co-passenger, CNG Kit coverage and Driver Cover. The No Claim Bonus discount can be availed by the customer if he wishes and also a voluntary deductible option can be chosen wherein the customer promises to pay a part of the claim from his own pocket before raising the claim to the company. This option goes towards lowering the cost of premium paid by the customer.
  2. Standard Plan – A plan offering a regular cover at a standard rate of premium. The Bajaj Allianz car Insurance plan covers basic Third Party Liability, Personal Accident coverage for owner or driver and 24*7 Roadside Assistance cover. Other optional covers include coverage for electrical accessories, coverage for non-electrical accessories, Personal Accident cover for co-passenger, CNG Kit coverage and Driver Cover. The No Claim Bonus discount can be availed by the customer if he wishes. The bonus can also be transferred from an existing policy held with another insurer up to a maximum of 50%
  3. Flexible Plan – A plan offering an enhanced coverage protection on the vehicle with the premium amount tending to be on the higher side. The plan covers basic Third Party Liability, Personal Accident coverage for owner or driver, 24*7 Roadside Assistance cover, Depreciation Shield cover protecting the value of the car against depreciation and Engine Protector Cover which covers the engine of the car against damages. Other optional covers include coverage for electrical accessories, coverage for non-electrical accessories, Personal Accident cover for co-passenger, CNG Kit coverage and Driver Cover. The No Claim Bonus discount can be availed by the customer if he wishes. The bonus can also be transferred from an existing policy held with another insurer up to a maximum of 50%. There is also a voluntary deductible option which can be chosen wherein the customer promises to pay a part of the claim from his own pocket before raising the claim to the company. This option goes towards lowering the cost of premium paid by the customer.

Liability Only Motor Insurance Policy by Bajaj Allianz:

A ‘Liability Only’ plan covering vehicles used for commercial purposes and not personal purposes.

  • Scope of coverage

The following cover is provided under the Bajaj Allianz Car Insurance plan:

  • Third Party Legal Liability which covers legal liability for any injury caused, death and/or any damage to the property of the third party arising out of the use of the insured commercial vehicle. Commercial Vehicles include goods carrying vehicles of both public and private carrier, passenger carrying vehicles and miscellaneous and special types of vehicles.
  • Personal Accident coverage for owner or driver in case of accidental death and permanent total disability.

How to Apply or Renew your Bajaj Allianz Car Insurance Plans?

You can apply for a policy through various means which include:

  • You can also request for a call back by filling in your details on the company’s website at the call back column
  • Buying online is also possible on the website of the company
  • The Bajaj Allianz Car Insurance company’s branches or agents can also be approached for the same.

Bajaj Allianz Car Insurance Premium Calculator

This policy can be compared online by individuals visiting the company website as well to buy the car insurance policy online.

Premium for a Bajaj Allianz car Insurance policy depends on a number of factors like IDV, i.e. Insured Declared Value of the car, the make and model of the car, year of purchase and registration, the city, etc.

  • A has bought a new BMW model 1 Series car in the current year and as per the mandatory laws seek to insure the car. He approaches Bajaj Allianz Car Insurance Company to buy a comprehensive plan for his dream car. The Premium works out to be Rs.57, 371 for an Insured Declared Value of Rs.18.81 lakhs
  • B buys a second-hand car from a car reseller online for a good price. The car he buys is a Chevrolet Cruze 2.00 Ltr which was initially registered in the year 2011. The company charges a premium of Rs.16, 389 at an Insured Declared Value of Rs.564, 470
  • C buys a new Honda Amaze for his wife as a 25th Anniversary present. To get an insurance coverage, he approaches Bajaj Allianz and seeks out the premium chargeable. Using the Premium Calculator provided by the company, C finds out that the premium for his new car would be Rs.16, 863 for an Insured Declared Value of Rs.498, 556.

The table tabulates the above data for an instant reference

Applicant

Type of Vehicle

Insured Declared Value

Premium

A

BMW Series 1

18, 81, 000

57, 371

B

Chevrolet Cruze 2.00 Ltr.

564, 470

16, 389

C

Honda Amaze

498, 556

16, 863

 

Bajaj Allianz Car Insurance - FAQs

1. Do I need Bajaj Allianz Car Insurance?

Life is uncertain. So, it is very necessary to be covered under car insurance policy. It offers protection against three types of unfortunate events like third party liability, personal activity and damage to own car.

2. Can I purchase Bajaj Allianz Car Insurance policy online?

Yes, Bajaj Allianz Car Insurance allows you to purchase car insurance online. It also provides you the different option of payment like Debit or Credit card, or Internet Banking.

3. How much coverage does Bajaj Allianz Car Insurance policy provide?

The coverage offered by Bajaj Allianz Car Insurance depends on the IDV and the price of the car. You can easily purchase a Bajaj Allianz Car Insurance policy and file a claim on company’s website.

4. Can I renew my existing Bajaj Allianz Car Insurance online?

Yes, you can renew Bajaj Allianz Car Insurance online. All you need to do is log in with your username/email and password on company’s website to proceed.

5. Can I renew my other car insurance policy with Bajaj Allianz?

Yes, Bajaj Insurance allows you to renew your other car insurance policy with Bajaj Allianz with different payment option such as Debit or Credit card, or Internet Banking.

6. What types of a car does Bajaj Allianz insure?

You can purchase car insurance coverage for your new and used car from Bajaj Allianz

7. What is the claim settlement procedure of Bajaj Allianz Car Insurance?

Claim settlement procedure of Bajaj Allianz Car Insurance is very easy and quick. It only takes 3 business days to settle the claim. The company also promises to settle claims to settle all types of claims within 7 business days. It require very few documents to process your claim for example the proof of policy document along with a duly filled claim form.

8. Does Bajaj Allianz insurance offer any discount on purchasing or renewing car insurance policy?

Yes, Bajaj Allianz offers 5% discount on own damage subject to the age between 35 and 45 years and 10% discount subject to the age between 46 and 65 years. It also offers 5% discount for policyholders who are on following positions; charted accountants, employees of state and central government, charted accountants, teachers in government schools, doctors in government hospitals.

9. Can I transfer my No Claim Bonus (NCB) discount?

Yes, you can transfer NCB of your previous car insurance to the new one purchased from Bajaj Allianz. There are multiple other benefits that are offered under Bajaj Allianz Car Insurance.

10. Am I allowed to transfer my Liability-Only insurance to Bajaj Allianz?

Yes, all you need to do is simply transfer your NCB of your previous car insurer to Bajaj Allianz. You will be able to enjoy all the benefits same as you were enjoying with your previous insurance policy.

You might be interested following insurance plans provided by Bajaj Allianz:

Bajaj Allianz Car Insurance - Latest News

  • Bajaj Allianz Car Insurance Received 5000 Motor claims After Chennai Floods

    Bajaj Allianz general car insurance received a record number of 5000 motor claims after floods. From total of 5000 motors cars, six percent were luxury cars and 35% cars were mid-segments cars. About 35 percent of five thousand car were declared as write offs and those cars were given up for auction. Of this auctions or write off cars, 85% were medium end cars and high-end cars. An US-based company named Copart is expecting to auction 1500 damaged cars from Chennai floods. Copart has recently entered the Indian market.

Bajaj Allianz Car Insurance Reviews

TOTAL REVIEWS (62)
Pranjal
Kalyan
October 20, 2016

Best Car Plan

I have purchased new car and for that i have to buy car insurance also and a very nice and beneficial one. The bajaj allianz general insurance is my insurer and it gave me the best plan in low premiums. The tow service is absolutely free at any location. Even the number of garages are high and they assist the customer 24X7.

Tanmay
Kotagiri
October 05, 2016

Bajaj Vehicle Policy

My car insurance is good among all. It give me the full car insurance, Claims are easy to sanctioned, Coverage is high ~89% and the tow car service is for free at any area. Service given by the executives is fabulous which is provided 24X7.

Imran
Haridwar
September 28, 2016

Allianz Car Insurance

Perfect car insurance for my car which provides maximum coverage and reimbursed the whole amount of any incident or accident. Claims are easy to get, large number of garages for quick services. Tow car service is absolutely free of cost.

Damoder
Dahiwadi
August 26, 2016

Car plan

Good car insurance which has more facilities than others. Policy coverage is good and claims are high. Car tow service is available at any location for free. The large number of garages are there which facilitate services 24X7. The accidental benefits are there for driver/owner of the insurance policy.

Sadanala
Khammam
February 27, 2016

i lost my policy paper

i lost my policy paper 2015 can you send me that paper.

Saurabh
Delhi
February 15, 2016

All You want for a New Car Insurance Policy

The Kind of benefits & features offered by Bajaj Allianz General Insurance, Makes it a good choice while opting for new car insurance policy.

Vishal
Gurgaon
February 07, 2016

Good Policy Coverage.

I have bajaj allianz car insurace and it has good policy coverage but rather than this all is not up to the mark. Service is badly slow and claims take months to clear. Improve your services please.
Plan Name: Standard
Agent Code: BPW01122

Kantheti
Bengaluru
February 07, 2016

Don"t Want This Policy

My car insurance is from allianz general. The service is slow and claims are Rs.20000 that's why additional amount is payed, so what's the benefit of policy. I want to close this policy. Please return my money too.
Plan Name: Standard
Agent Code: BPW00174

Nawed
Kolkata
February 07, 2016

False Response

I have car insurance but the policy is not good. The response is always late or sometime no reply. No coverage and no claims. No any other benefits like toe car and low premium. Bad experience.
Plan Name: Standard
Agent Code: BPW01122

Lokesh
Bengaluru
February 07, 2016

Good Policy.

I have bajaj allianz car insurance policy plan . Premium is low and return is much. The toe facility is for free of cost. Rs.2.7 lakh is for claim and policy coverage is 80% including interior parts. Good work.
Plan Name: Standard
Agent Code: BPW00185

Pradeep
Delhi
February 07, 2016

"No Good Services"

My car plan with bajaj and i have to say this, the services is really bad. Claims and coverage is not that work, instead of that extra money have pay. Experience is not so good. Please improve your service.
Plan Name: Standard
Agent Code: BPW01122

Rajesh
Amritsar
February 07, 2016

Not Satisfactory.

My policy plan of car is really very bad. The policy coverage, claims, service all don't work. If there is an emergency no response is from other side to resolve the problem. I want to close this policy plan.
Plan Name: Standard
Agent Code: BPW01122

Dr.
Bijnor
February 07, 2016

"Not Good At All"

My investment is waste of time and waste of money in car policy with general insurance. The service is like walking turtle. Claim is that which never you get. I'm really suffering with my policy.
Plan Name: Standard
Agent Code: BPW01122

Bhupinder
Delhi
February 07, 2016

"No To This"

My policy is not good at all. Policy coverage for car damage is nothing and even you have to pay the bill including toe car service. The service is slow and claim term is not exist in policy. Not satisfied.
Plan Name: Standard
Agent Code: BPW00174

Nikesh
Mumbai
February 07, 2016

"Fantastic"

I have car plan with bajaj insurance. The plan is superb with low premiums. Claims is Rs.2 lakh and coverage for car is full damage except interior parts. Toe up the car is chargeable. The service is good which is provided by garages.
Plan Name: Standard
Agent Code: BPW00185

Hitesh
Delhi
February 07, 2016

"Not That Good For Car"

Car plan i have is not working for me. Even i think it not do anything for anyone. The service is really very slow but the toe car is free. The claims and coverage is not that good, extra money is pay at recovery time.
Plan Name: Standard
Agent Code: BPW00174

JITENDER
Delhi
February 07, 2016

"Damn Good"

My car plan is great with low premium. The facility of toeing the car is absolutely free. Claims is Rs.2 lakh and coverage is for full damage including fiber and intertor parts. I'm happy with my policy.
Plan Name: Standard
Agent Code: BPW00185

ANGSHUMAN
Kolkata
February 07, 2016

"Poor Policy"

I have car insurance but the policy is not good. Claims and coverage is zero and the service is bad. Please give me my money back and do some work on this policy to sale this to others.
Plan Name: Standard
Agent Code: BPW00174

Preeti
Gurgaon
February 07, 2016

"Worst Policy"

The plan i have for my car is really really bad policy. I personally suggest never take this one. No returns, service never on time. I'm having worst experience with it. Return my money.
Plan Name: Flexible (DAP)
Agent Code: BPW00174

Binay
Bengaluru
February 07, 2016

"Not Happy With Policy"

I want my money back, all of it. The investment is high and in return the service you provided is not good. No coverage and no claims. I'm really disappointed. Please return my money.
Plan Name: Standard
Agent Code: BPW01122

PARMOD
Mahendergarh
February 07, 2016

"Really Bad Policy"

All I can say is not good. I m not happy with your policy. The service is bad and no returns. You must do something otherwise i close my policy.
Plan Name: Standard
Agent Code: BPW00174

Amit
Gurgaon
February 07, 2016

"Not That Good"

My car policy is with general insurance but the policy is not working for me. The service is slow and the coverage is 20%. The claim is Rs.35000 but the toe car facility is chargeable. Not satisfied.
Plan Name: Standard
Agent Code: BPW01122

Sandeep
Noida
February 07, 2016

"Basic Car Policy"

My car plan is really bad one. Nothing is facilitate on time. No claims, no policy coverage, nothing. Very bad experience with it. Do something regarding to this or i close the plan.
Plan Name: Standard
Agent Code: BPW01122

Viibhu
Delhi
February 07, 2016

"Never Take This"

I have my car insurance but not good at all in any case. The claims take ages to clear. The policy coverage is nothing in fact additional amount is pay for recovery. The service is really bad.
Plan Name: Standard
Agent Code: BPW01122

P.s.bisht
Delhi
February 07, 2016

"Affordable"

My car policy is from bajaj. The coverage is for only main parts like engine. Service is not that good but the premium is less. Garages are few but all are working. An average policy according to me.
Plan Name: Standard
Agent Code: BPW01122