Bajaj Allianz Car Insurance

Bajaj Allianz Car Insurance: Add-ons

To ensure wider coverage in the time of crisis, you can get the following add-on covers in your car insurance policy -

• Personal Baggage Cover

  In the event of any loss or damage caused to the personal belongings that are kept in the car, the Personal Belongings cover will reimburse the losses incurred.

• 24x7 Spot Assistance

  Under this cover, emergency roadside assistance is provided to the insured car all over India. It includes assistance in the event of car battery damage, flat tire, breakdown due to an accident and similar circumstances.

• Lock And Key Replacement Cover

  If the car keys are lost or left inside the car, assistance will be provided to recover the same under this add-on cover, including the cost of new keys and locks.

• Consumables Expenses

  Under this add-on cover, the insurance company will compensate the expenses incurred in replacing or repairing the engine oil, coolant, brake oil, gearbox oil and other consumables while the car is being repaired.

• Conveyance Benefit

  If the insured car is getting repaired in a cashless workshop, the policyholder will get a 'per day' cash benefit for the everyday commute.

• Zero Depreciation Cover

  Under the zero depreciation add-on cover, the insurance company will compensate for the depreciation borne by the insured car during claim registration. Thus, in the event of a claim, a policyholder will receive the full value of the insured car and its spare parts.

• Engine Protector Cover

  The Engine Protector add-on will cover the expenses incurred in replacing or repairing the engine of the insured car due to oil leakage, water ingression, and more.

FAQs

• Q1. Why should I buy a Bajaj Allianz car insurance policy?

  Ans: Life is uncertain. So, it is extremely necessary to cover your four wheeler under a car insurance policy. It offers protection against three types of unfortunate events like third party liability, personal accident and damage to own car.

• Q2. Can I purchase the Bajaj Allianz Car Insurance policy online?

  Ans: Yes, Bajaj Allianz General Insurance Company allows you to purchase car insurance online. It also provides you with the different options of online payment like debit or credit card, or internet banking.

• Q3. How much coverage does the Bajaj Allianz Car Insurance policy provide?

  Ans: The coverage offered by Bajaj Allianz Car Insurance depends on the IDV and the price of the car.

• Q4. Can I renew my existing Bajaj Allianz Car Insurance online?

  Ans: Yes, you can renew Bajaj Allianz Car Insurance online. All you need to do is log on to Policybazaar.com and follow the instructions.

• Q5. Can I renew my other car insurance policy with Bajaj Allianz motor insurance?

  Ans: Yes, Bajaj Allianz General Insurance allows you to renew your other car insurance policy with Bajaj car insurance by paying the premium using different payment options, such as debit or credit card, or internet banking.

• Q6. Which types of cars does Bajaj Allianz insure?

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

• Q7. In how much time does a Bajaj Allianz Car Insurance claim gets settled?

  Ans: Claim settlement procedure of Bajaj Allianz Car Insurance is very easy and quick. It usually takes only 3 business days to settle the claim. The company also promises to settle all types of claims within 7 business days.

• Q8. Does Bajaj Allianz car insurance offer any discount on purchasing or renewing a car insurance policy?

  Ans: Yes, Bajaj Allianz car insurance offers a 5% discount on own damage cover if the car owner’s age is between 35 and 45 years and a 10% discount if the age is between 46 and 65 years. It also offers a 5% discount to policyholders who work as charted accountants, employees of state and central government, teachers in government schools or doctors in government hospitals.

• Q9. Can I transfer my No Claim Bonus (NCB) discount?

  Ans: Yes, you can transfer the NCB of your previous car insurance to your newly purchased Bajaj Allianz car insurance. Just inform the insurer about your NCB while buying/renewing the policy.

• Q10. Am I allowed to transfer my liability-only insurance to Bajaj Allianz car insurance?

  Ans: Yes, you can transfer your third party liability-only policy to Bajaj Allianz car insurance. You just have to file a portability request with the Bajaj Allianz General Insurance Company.

• Q11. What is No-Claim-Bonus in car insurance?

  Ans: No Claim Bonus is a reward granted to the policyholder for all claim-free years. It is a discount on the car insurance premium that is provided to the insured at the time of policy renewal. NCB can be accumulated up to 50% after five consecutive claim-free years.

• Q12. What is the significance of Insured Declared Value or IDV while calculating car insurance premium?

  Ans: IDV is the current market value of a vehicle that you get after deducting the depreciation on its parts. The registration cost of the vehicle is also excluded. The IDV of non-factor fitted parts is calculated separately. The IDV of a car with fitted accessories is to be calculated at the time of policy purchase or renewal on the basis of the selling price listed by the manufacturer of a particular brand and model. The depreciation is also adjusted on the basis of the car age as mentioned in the table below. It is applicable for claims arising out of total loss or constructive total loss only.

  Car Age Depreciation (%)	For Fixing IDV
  Up to 6 months	5%
  6 months to 1 year	15%
  1 year to years	20%
  2 years to 3 years	30%
  3 to 4 years	40%
  4 to 5 years	50%

• Q13. What do you mean by compulsory deductibles?

  Ans: Compulsory deductibles are the amount that the policyholder needs to pay from his/her own pocket during claim settlement. For instance, suppose a compulsory deductible of Rs 2000 is applicable on all claims. In the event of an accident, if the cost of repair comes up to Rs. 10,000, then the insurance company will pay Rs 8,000 and the remaining amount that is the deductibles will be paid by the policyholder.