Bajaj Allianz Own Damage Bike Insurance

Bajaj Allianz own-damage bike insurance policy, also called standalone own-damage (OD) bike insurance, offers coverage to the insured bike against damage caused by various unforeseen situations. This policy covers damages or losses from accidents, theft, natural calamities, and man-made disasters. Explore Bajaj Allianz own-damage bike insurance policy below in detail.

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Bajaj Allianz Own-Damage Bike Insurance Policy & Key Features

The table below gives a brief about Bajaj Allianz own-damage (OD) bike insurance policy:

Categories Key Features
Policy Coverage
  • Covers damage or loss to the insured bike due to collisions and accidents.
  • Covers the loss arising due to the theft of the insured bike.
  • Financial assistance for the damages/losses caused by natural calamities, such as floods, typhoons, earthquakes, etc.
  • Financial assistance for the damages/losses arising due to man-made perils, such as vandalism, riots, strikes, etc.
Policy Premium
  • Affordable premium rates.
  • Add-ons are available to enhance the policy coverage by paying additional premiums.
  • Mandatory Personal Accident (PA) cover is available for the vehicle's owner.
Convenience
  • Zero paperwork is required for instant policy issuance.
  • Facilitating seamless online bike insurance claim process assisted by network garages available across India.
  • Hassle-free online buying/renewal bike insurance process.

*Disclaimer: The above information is for reference purposes only. For exact coverage details, refer to the policy wording available on the insurer's official website.

Why Choose Bajaj Allianz Own-Damage Bike Insurance?

Bajaj Allianz own-damage bike insurance provides extensive financial coverage to your prized possession. Usually, this policy is purchased along with third-party bike insurance to enhance the coverage of your bike insurance policy.

Here are the reasons to choose Bajaj Allianz General Insurance Company Limited as your insurance provider:

  • Brand Value: Bajaj Allianz General Insurance Company Limited is a reputed name in the insurance industry, known for its accessibility and faster claim settlement process.
  • Wider Coverage: Unlike a comprehensive bike insurance policy, a standalone OD cover can be bought with the mandatory third-party bike insurance policy, offering extensive coverage and security during any journey.
  • Tailoring Options: Bajaj Allianz's own-damage bike insurance policy offers a range of bike insurance add-ons to enhance coverage.

Inclusions of Bajaj Allianz Own-Damage Bike Insurance

The inclusions of Bajaj Allianz's own-damage bike insurance policy are as follows:

  • Loss or damage caused to the insured bike due to accidents, natural calamities, and man-made perils.
  • Loss or damage caused by theft or burglary.
  • Loss or damage sustained in the insured two-wheeler due to fire, self-ignition, or explosion.

Exclusions of Bajaj Allianz Own-Damage Bike Insurance

The exclusions of Bajaj Allianz's own-damage bike insurance policy include:

  • Loss or damage arising due to regular wearing & tearing.
  • Loss or damage sustained in the insured two-wheeler due to illegal, deliberate, or negligent activities.
  • Loss or damage arising out of contractual liabilities.
  • Third-party liabilities arising in a road accident.
  • Loss or damages that are not explicitly covered under the policy T&Cs.

How to Buy Bajaj Allianz Own-Damage Bike Insurance Online?

Follow the below procedure to purchase Bajaj Allianz bike insurance online from Policybazaar Insurance Brokers Private Limited:

  • Step 1: Visit Policybazaar.com and select 'Insurance Products' from the top navigation menu.
  • Step 2: Choose Own-Damage Bike Insurance and enter details of your two-wheeler. Then click 'View Prices'.
  • Step 3: Select Bajaj Allianz Own-Damage Bike Insurance for your selected bike model and fill in all the details.
  • Step 4: Pay the own-damage bike insurance premium online and receive the policy at your registered email ID.

How to Raise Bajaj Allianz Own-Damage Bike Insurance Claims?

To raise a Bajaj Allianz own-damage bike insurance claim, follow the below procedure:

  • Step 1: Inform the insurance company about the incident by calling them or writing an email.
  • Step 2: Download, fill out, sign the claim form and submit it along with the necessary documents.
  • Step 3: The surveyor will be appointed to examine the damages sustained in the two-wheeler, compile an assessment report accordingly, and then share it with the insurer.
  • Step 4: The insurance company will approve the claim request based on the assessment report.
  • Step 5: In case of cashless claims, send your damaged two-wheeler to the authorized network garage. The insurer will settle the claim bill amount directly with the garage. In case of reimbursement claims, send it to any garage for repair, pay the bill amount, and the insurer will reimburse the claim amount to your registered bank account.

Documents Required for Bajaj Allianz Own-Damage Bike Insurance Claim

The following documents are required to raise Bajaj Allianz's own-damage bike insurance claims online:

  • FIR (if applicable)
  • Duly filled & signed claim form
  • Driving License of the person riding the two-wheeler at the time of the accident
  • Registration Certificate of the insured vehicle
  • Valid and active own-damage bike insurance policy
  • Additional documents (may asked by the insurer)

FAQs About Bajaj Allianz's Own-Damage Bike Insurance Policy

  • Q1. Can I claim insurance if I damage my own bike?

    Ans: Yes, with the help of an own-damage bike insurance policy, you can quickly raise claims and protect your bike against the losses or damages arising from accidents.
  • Q2. How do you claim own-damage insurance in Bajaj Allianz?

    Ans: At Policybazaar.com, you can quickly raise own-damage bike insurance claims online by immediately informing the provider about the incident.
  • Q3. Is Bajaj Allianz own-damage bike insurance costly?

    Ans: No, Bajaj Allianz's own-damage bike insurance policy is available at affordable premium rates. You can use the bike insurance calculator at Policybazaar.com to calculate the premium amount.
  • Q4. Will I receive an NCB discount on my Bajaj Allianz own-damage bike insurance policy?

    Ans: You are eligible for an NCB discount on your own-damage bike insurance policy renewal only if you haven't raised any claims during the period.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 73 Reviews)

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Bajaj Allianz Own Damage Bike Insurance Reviews & Ratings

4.5 / 5 (Based on 73 Reviews)
(Showing Newest 10 reviews)
Nishith
Kanpur, October 09, 2021
Claim settlement
Due to an accident my bike got damaged for which i got claim settlement. bajaj allianz Two Wheeler Insurance made repairs cashless. Thankfully I did not have to bear the repair cost as I had already insured my two wheeler from Policybazaar.
Dinesh
Surat, October 09, 2021
Online process
After went through many plans on the website of policy bazaar i chose bajaj Allianz as it was matching my requirements . I found very convenient to purchase plan online. Buying the plan online saves money as well as time.
Abhishek
Pune, October 09, 2021
High coverage
I am glad that i chose the best two wheeler plan from PolicyBazaar. it covers losses or damages to the insured vehicle as well as personal accident. I got High coverage at very low rate in Bajaj Allianz two wheeler insurance.
Saket
Lucknow, October 09, 2021
Budget friendly plan
I was checking insurance provider websites and I came across the Policybazaar website. I saw various plans which were cost effective. I compared several two wheeler plans on the website and finally I picked the Bajaj Allianz two wheeler which came in my budget.
Kartik
Jaipur, October 09, 2021
Easy to switch
I am using Bajaj Allianz two wheeler insurance for last two years and i changed my insurance provider with Policybazaar as I did not get the facilities which i expected. On the suggestion of my colleague i visited policybazaar and here i got all the facilities i was looking for. i found it very convenient to switch.
Jasraj
Indore, August 18, 2021
hassle free experience
my experience with policy bazaar is great. from now i will buy my every plan from policy bazaar. i bought Bajaj allianz two wheeler plan for my bike. i liked their service. now I am planning to buy more plans from Policy Bazaar.
Divyansh
Kanpur, August 18, 2021
Renewal process
I am using Bajaj Allianz two wheeler policy since 2 years which i bought from policy bazaar. i have done renewal from home itself. i had received calls from the policy bazaar as a reminder of renewal. policy bazaar served their best service to their customers. overall had a great experience.
Ish
Nagpur, August 18, 2021
easy to compare
after looking many sites, i came to Policy Bazaar website and finally i got my plan here. i was looking for two wheeler insurance in my budget. i liked Bajaj allianz two wheeler insurance plan.
Santosh
Ata, June 04, 2021
Low premium
For low premiums, Bajaj Allianz two wheeler insurance offers good protection. I bought it online through policybazaar last year and also got extra discount. It is a good buy.
Sanjeev
Ayodhya, June 04, 2021
Customized plan
It is very easy to customize your two wheeler plan when buying through policybazaar. Their Bajaj Allianz plan was easy to understand, customize, and buy.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis