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Bajaj Allianz Standalone Own Damage Car Insurance

Bajaj Allianz Own Damage car insurance policy compensates a policyholder in case his/her car has met with an unforeseen incident. Damages arising out of theft, fire, road accident, or natural and manmade disasters are covered under this policy offered by the Bajaj Allianz General Insurance Company.

Categories	Key Features
Own Damage Cover	Offered
Mandatory	No
No Claim Bonus	Yes
Add-on Covers	Offered
Zero Depreciation cover	Available
PA Cover	Upto 15 lakhs

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Coverage Under Bajaj Allianz Standalone Own Damage Car Insurance

Inclusions
Exclusions

Damages sustained by the insured car due to manmade acts like strikes, riots, etc
Losses arising out of theft, housebreaking or burglary of the insured vehicle
Any loss sustained by the car due to fire, explosion or self-ignition
Damages caused to the insured car due to earthquakes, cyclones or any other natural calamity are covered under the Standalone own damage policy
Damages arising out of road accidents or any other external means
Any damage sustained by the insured car while it was in transit is also included in OD cover.

Any third-party liability arising due to the insured car is not included in OD car insurance
Damages arising out of drunk driving or intoxication
Any accidental damage sustained by the insured car if the driver is driving without a valid DL
Damages sustained by the insured car outside the geographical limits as mentioned in the Bajaj Allianz OD cover.

Add-ons Under Bajaj Allianz Standalone Own Damage Car Insurance

A policyholder can also extend the coverage of his/her standalone OD cover by purchasing additional covers. These add-ons are offered by the insurance company by paying an additional premium amount. Following are the add-ons offered under the Bajaj Allianz OD motor insurance policy:

Zero Depreciation Cover
24/7 Spot Assistance Cover
Engine Protector
Consumable Expenses Cover
Personal Baggage Cover
Conveyance Benefit
Key and Lock Replacement Cover

How to Buy Bajaj Allianz Standalone Own Damage Car Insurance Policy?

Buying a Bajaj own damage car insurance online is a simple process. Follow the steps mentioned below to purchase an OD cover in just 5 minutes:

Visit Policybazaar.com and select the ‘Car Insurance’ tab from the homepage
Enter your car number or proceed without a car number
Select the details of your car such as RTO, make, model, variant, fuel type, and registration year on the next pages
From the given car insurance plans, select Bajaj own damage cover. Check all the policy details as well as the premium of the plan
Select the additional covers that you wish to add to your OD plan
Now fill in the proposal form and pay the premium amount
As soon as the payment is made, your Bajaj Allianz own damage car insurance policy documents will be mailed to you.

Documents Required to Raise a Bajaj Allianz Standalone Own Damage Claim

To raise a claim under a Bajaj Allianz OD cover, a policyholder will be required to inform the insurer and submit the following documents:

Duly filled and signed claim form
Copy of car insurance policy
KYC documents
Copy of car's Registration Certificate
Copy of the driving license of the driver driving the vehicle at the time of the accident
Repair Bills and estimates of repair

FAQs

Q1. What is OD and TP in car insurance?

Ans: OD in car insurance refers to the own damage policy which covers any damage sustained by the insured car due to unforeseen incidents. On the other hand, third-party or TP car insurance covers any third-party liabilities arising out of the insured car. It excludes covering own damages to the insured car.
Q2. Is own damage car insurance necessary?

Ans: No, own damage car insurance is not mandatory as per the motor laws of India. This policy is optional and can be purchased along with the mandatory third party car insurance to cover own damages as well.
Q3. Does Bajaj Allianz own damage cover third-party liabilities?

Ans: No. A Bajaj Allianz standalone own damage car policy does not cover third party liabilities. This policy only covers own damages sustained by the insured four-wheeler.
Q4. How is Own Damage cover different from comprehensive car insurance?

Ans: As the name suggests own-damage car insurance only covers damages caused to the insured vehicle due to road accidents, fire, theft, calamities, etc. Whereas comprehensive four-wheeler insurance covers both third-party liabilities and damages sustained by the insured vehicle due to an uncertain event. Thus, a comprehensive car insurance policy offers broader coverage than an OD cover.

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in