Bajaj Allianz Fire Insurance

Bajaj Allianz General Insurance Company Limited is a joint venture of Bajaj Finserv and Allianz SE. The company offers a fire insurance policy that provides financial coverage against loss or damage caused due to fire accidents. Corporate companies can purchase this policy to protect their office building structure as well as the content kept inside.

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Bajaj Allianz Fire Insurance: Inclusions

Bajaj Allianz fire insurance policy provides coverage for the following perils:

  • Loss or damage caused to the structure of the building and the content kept inside it.
  • Expenses incurred in temporary accommodation when the property gets damaged.
  • Loss or damage caused due to explosion or implosion
  • Loss or damage caused due to lightning
  • Coverage for loss or damage caused due to Earthquake, volcanic eruptions, Cyclone, Tempest, Hurricane, Tsunami, Floods, Inundations and other specified natural calamities
  • Loss or damage caused due to bush fire and forest fire
  • The amount paid to the fire brigade is compensated
  • Any kind of loss or damage caused due to external impact by vehicles, animals, aircraft, falling trees, etc.
  • Riots, Strikes and Malicious damages are covered
  • Terrorism act as per the terrorism clause attached to the policy
  • Overflowing or bursting of the water tank, pipes or apparatus
  • Leakage from water sprinkler
  • Theft compensation is provided within 7 days from the occurrence

Bajaj Allianz Fire Insurance: Exclusions

Bajaj Allianz Fire Insurance does not provide coverage for the following perils:

  • Any damage caused intentionally or due to negligence
  • If the insured property is ordered to be burned down by any public authority
  • Damage caused to boilers or economisers
  • Damage caused to the machine or apparatus in which the steam is generated
  • Damage caused due to external impact caused by the insured’s owned vehicle, animal or aircraft
  • Total or partial cessation of work, interruption, omission of any kind
  • Exclusions as per terrorism clause
  • Repairing or alteration cost in which your office is located

Note: To know about the inclusions and exclusions of the policy in detail, refer to the policy wording of the desired plan.

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Bajaj Allianz Fire Insurance Plans

Bajaj Allianz offers 3 types of fire insurance plans and they are as follows:

  1. Bajaj Allianz Bharat Sookshma Udyam Suraksha

    If the value at risk for all the insurable assets is up to Rs 5 Crore, the interested party can purchase this policy. However, if the value of the insurable assets exceeds Rs 5 Crore then it will be replaced by the applicable policy.

  2. Bajaj Allianz Bharat Laghu Udyam Suraksha

    If the value at risk for all the insurable assets is more than Rs 5 Crore and less than Rs 50 Crore then the interested party can purchase this policy. However, if the value of the insurable assets exceeds Rs 50 Crore then it will be replaced with the applicable policy.

  3. Bajaj Allianz Standard Fire and Special Perils

    If the value at risk for all the insurable assets is more than Rs 50 Crore then the interested party can purchase this policy.

Bajaj Allianz Fire Insurance: Claim Process

To raise a claim, follow the below-mentioned steps:

  • Inform the insurer about the fire accident
  • Ask for the claim form and fill it up
  • Create a detailed account of damaged properties as well as the estimated cost of it
  • The insurer will send an inspector to inspect the insured premises
  • Cooperate with the inspector and give whatever information required
  • Then the insurer will settle the claim according to the submitted report of the inspector within the specified number of days in the policy.

Bajaj Allianz Fire Insurance: Documents Required

Here is a list of documents that you will have to submit along with the claim form:

  • PAN Card
  • Aadhar Card
  • GST Registration Certificate
  • Address proof of the loss location.
  • Electricity Bill
  • Record of previous claims, if any
  • Fire Brigade report
  • Copy of final investigation report

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Written By: PolicyBazaar - Updated: 09 April 2024
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Policybazaar for Business - Fire Special Perils Insurance - Customer Reviews
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4.8 October 09, 2022
Aaftab
Amazing Customer Support
I am using a fire insurance policy from policybazaar and experienced amazing feedback from them in claim settlement. I have a sports merchandise shop that caught fire last yearI raised a claim which was resolved within a few days without any hassles.
Thiruvananthapuram
4.8 October 08, 2022
Balachandar
Helpful Support
The support team of Policybazaar is really helpful and prompt. They solve all your queries fast. Would definitely recommend Policybazaar for purchasing insurance .
Mangaluru
4.8 October 07, 2022
Raahim
Extensive Cover
Got a fire insurance policy for my shop and it was really extensive with so many features. Purchased it from Policybazaar without paying any commission fees. Great coverage.
Bengaluru
4.5 October 06, 2022
Aadi
User Friendly Website
We deal in the cotton industry and suffered a huge loss last year because of the fire. We were looking for insurance to safeguard us financially from any such incident in the future. We landed on the policybazaar website and bought fire insurance. Their website is well managed and gives all the necessary information.
MP
4.8 October 05, 2022
Rohit
Plans Are In Budget
Had to purchase a fire insurance which should be in my budget as I run a very small store. Got a lot of affordable plans on Policybazaar and purchased the one that suited my budget. All plans are in budget and with so many features.
Bhopal
4.3 October 04, 2022
Baban
Covered My Shop
I have a shop of garments and it caught fire last year in which I lost items worth thousands. Purchased a fire insurance from Policybazaar and now I feel really relieved that it would financially cover my shop in such circumstances.
Chandigarh
4.3 October 03, 2022
Aarnav
Faster Claim Settlement
A part of my warehouse having thousands of material caught fire. Luckily I had a fire insurance policy that I could claim and received compensation from them. It was such a relief. The claim settlement team at Policybazaar is helpful and really quick.
Assam
4.5 October 02, 2022
Jagadish
Affordable
I have a warehouse of clothes and was planning to buy a fire insurance policy to cover my material from unwanted fire. Got a really affordable plan from Policybazaar with some really great features.
Ahemdabad
4.5 October 01, 2022
Rahul
Budget Friendly
Wanted to cover my crockery shop from fire and was searching for an affordable plan. Found a great plan at Policybazaar which suited my budget.
Surat
4.5 September 30, 2022
Baabul
Instant Purchase
Wanted a fire insurance policy for my crockery business and could purchase it instantly from Policybazaar. The process was quick instant and very easy.
Gurgaon