Bajaj Allianz Third-Party Bike Insurance

Bajaj Allianz third-party bike insurance policy is meant to cover you against the loss or damage caused to the third party in a road accident. This a mandatory policy which compensates for bodily harm, injuries, death or damage to the third party.

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Bajaj Allianz Third-party Bike Insurance: An Overview

Riding a motorcycle without a third-party bike insurance policy is a punishable offence as per the Motor laws in India, and the owner of a bike will have to pay a hefty fine to the traffic authorities. Bajaj Allianz third-party insurance is one of the most popular two wheeler insurance. It covers third-party liabilities arising from damage, injury, or death to a third party from an accident and is affordable.

In the event of personal damages to a third party, which leads to hospitalization, the medical expenses are covered. In an unfortunate death, compensation is paid up to a particular limit.

Bajaj Allianz Third-party Bike Insurance Vs Comprehensive Bike Insurance

Bajaj Allianz Third-party Bike Insurance Bajaj Allianz Comprehensive Bike Insurance
Meaning Third-party bike insurance is mandatory in India as per the Motor Vehicles Act, 1988 and covers the damages caused to third parties by a two-wheeler. A comprehensive bike insurance policy covers third-party liabilities and own damage. Thus, it offers complete coverage to the insured bike in case of unfortunate events.
Coverage Details Bajaj Allianz third-party bike insurance secures your two-wheeler owner only against loss and damage towards the third party. It is a limited coverage policy. Bajaj Allianz comprehensive bike insurance will cover the loss against theft, fire, natural calamities, man-made disasters, etc. The policy provides monetary support against any damage caused to the two-wheeler and any affected individual(s), vehicle or property. It is an extensive coverage policy.
Add-ons Typically, Bajaj third-party bike policy provides only Personal Accident (PA) Cover. With this policy, you may opt for beneficial add-ons, such as a Roadside Assistance (RSA) cover, Zero-depreciation cover, Return to Invoice(RTI) cover, and Consumables cover.
Bike Insurance Premium Third-party bike insurance policy is pocket-friendly. Based on engine displacement, IRDA determines the premium of third-party liability insurance each year. The premium of a comprehensive insurance policy is costlier than a third-party insurance policy as it offers extensive coverage.
Exclusions Injury caused to self due to accident
Damage or loss caused to the policyholder's own two-wheeler.
Damage or loss caused if riding:
  • Without an active driving license
  • Under the influence of alcohol or drugs
  • Damage or losses as a result of the following:
  • Normal wear and tear
  • Electrical or mechanical breakdown
  • Sabotage
  • Theft
  • Natural calamities
  • Fire
  • Civil disturbance
Loss or damage as a result of:
  • Normal wear and tear
  • Electrical or mechanical breakdown
  • Damage or loss caused if riding without an active driving license or under the influence of alcohol or drugs.
Recommendation It is recommended if the two-wheeler is old or is not frequently ridden. It is recommended if one needs broad coverage for the two-wheeler and add-ons.

What is Covered under Bajaj Allianz Third-party Bike Insurance?

The Bajaj Allianz third-party bike policy covers the following instances:

  • Bodily injuries or death of the third party during a road accident involving the insured two-wheeler.
  • Any third-party property damage.
  • All expenses or costs incurred to the third party per the insurance company's consent or written on policy documents.
  • Personal Accident (PA) cover for the policyholder or the two-wheeler driver. This mandatory add-on cover becomes active in the following circumstances:
  • Accidental death of the policyholder/owner
  • Loss of limbs or sight of the owner/policyholder of the two-wheeler
  • Permanent or total disability of the policyholder/owner in a road accident.

What is Not Covered under Bajaj Allianz Third-party Bike Insurance?

Since a third party bike insurance is mandatory in India, the two-wheeler owner must carry it. However, it comes with specific exclusions, which are discussed below:

  • Any loss or damage caused to the policyholder's two-wheeler in an accident.
  • Any damages or loss due to regular wear & tear, natural calamities, man-made disasters, theft, fire, etc.
  • Any specific exclusions mentioned in the Bajaj Allianz third-party bike insurance policy.

You may also read Bajaj Allianz Bike Insurance Policy

Bajaj Allianz Third-party Bike Insurance FAQs

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 Third Party 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