Bajaj Allianz Commercial Vehicle Insurance

About Bajaj Allianz General Insurance

Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE. It offers a wide range of insurance products, such as health, travel, home, commercial vehicle insurance, and more. The company is known for its seamless online process and customer-centric approach with a quick claim processing.

Key Features of Bajaj Allianz Commercial Vehicle Insurance

Benefits of Bajaj Allianz Commercial Vehicle Insurance

A commercial vehicle insurance from Bajaj Allianz has the following benefits:p>

• Easy purchase and renewal process
• Quick claim intimation and settlement
• Cashless repairs at network garages
• Optional add-on covers for increased protection
• 24x7 customer supportli>
• Nationwide service network

Types of Commercial Vehicle Insurance

Bajaj Allianz offers two types of commercial vehicle insurance policy:

• Third-Party Commercial Vehicle Insurance: The third-party commercial vehicle insurance, also known as a liability only policy. It is a mandatory insurance policy as per the Motor Vehicles Act and covers third-party liabilities, such as bodily injury, death, or property damage caused by the insured vehicle.
• Comprehensive Commercial Vehicle Insurance: The comprehensive commercial vehicle insurance, also known as a package policy, provides the maximum protection. It not only covers third-party liabilities but also damages caused to the insured vehicle due to accidents, fire, theft, and natural disasters. Insurers also offer several add-ons to increase the protection.

Bajaj Allianz Commercial Vehicle Add-Ons

Bajaj Allianz commercial vehicle insurance can also be clubbed with various add-ons to enhance the coverage at an additional premium. Some of the common add-ons available are mentioned below:

• IMT 23 Cover: The add-on provides protection for parts that are generally excluded under a standard commercial vehicle insurance. IMT 23 covers damages caused to parts, such as lamps, tyres, tubes, mudguards, bonnet, etc, in an accident after deducting the applicable depreciation.
• Accessories Cover: This add-on covers damages caused to electrical and non-electrical accessories that are additionally fitted. Damages caused to parts like music systems, LED lighting, GPS devices, and customized fittings are covered with this add-on in case of accidental damage or theft after deducting the depreciation costs.li>
• Zero Depreciation Cover: Typically, when you file an own damage claim, the insurer deducts depreciation costs on replaced or repaired parts based on the vehicle's age. This add-on covers the full cost of replaced parts without deducting depreciation, as per the policy terms.

How to Buy Bajaj Allianz Commercial Vehicle Insurance

Here are the steps to buy or renew a Bajaj Allianz commercial vehicle insurance policy online:

• Visit policybazaar.com and choose the 'Commercial Vehicle Insurance' option.
• Enter the required details such as vehicle registration number and submit the form.
• Select the IDV and the desired add-ons.
• All the available plans will be displayedli>
• Choose a suitable Bajaj Allianz plan.
• Pay the premium and the policy will be sent instantly to your email address.

How to File a Bajaj Allianz Commercial Vehicle Insurance Claim?

Documents Required for Bajaj Allianz Commercial Vehicle Insurance Claim

• Registration Certificate (RC)
• Driving License
• Duly filled Claimli>
• Permit and Fitnessli>
• Load Challan / Invoice (if applicable
• FIR (in case of theft, third-party damage, or injury
• Final Repair Bill

Bajaj Allianz Commercial Vehicle Insurance: FAQs