Bajaj Allianz Third Party Bike Insurance

Bajaj Allianz third party bike insurance covers the insured for third-party liabilities. The policy is mandatory in India which compensates for third party injury, death and property damage!

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Bajaj Allianz Third Party Bike Insurance: An Overview

Riding a motorcycle without valid insurance is a punishable offence as per the extant laws in India and the owner of a bike will have to pay a hefty fine if the bike is ridden without insurance. Bajaj Allianz third party insurance is one of the most popular two wheeler insurance policies. It covers third party liabilities arising due to damage, injury or death to a third party from an accident and is completely affordable.

In the event of personal damages to a third party, which leads to hospitalisation, the medical expenses are covered. In the event of an unfortunate death, a compensation amount 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-party by a two wheeler.

A Comprehensive bike insurance policy covers own-damage cover, in addition to third-party liability insurance, thus providing a complete coverage of all unfortunate events.

Coverage Details

Third-party liability bike insurance secures your two wheeler owner only against loss and damage towards the third-party. It is a limited coverage policy.

The two-wheeler will be covered against loss, theft, and damage thus providing monetary support against any kind of damage caused to the two-wheeler as well as any affected individual(s), vehicle or property. It is an extensive coverage policy.

Add-Ons

Typically, such policies provide only Personal Accident Cover.

With this policy, one may opt for beneficial Add-ons inter alia such as a Roadside Assistance, Zero-Depreciation Cover, Return to Invoice Cover, and Consumable Cover.

Premium Cost

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 heavier on the pocket than a third-party insurance policy.

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 licence

● 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

 

If the policy is not renewed

Loss or Damage as a result of:

● Normal wear and tear

● Electrical or mechanical breakdown

Damage or loss caused if riding:

● without an active licence

● under the influence of alcohol or drugs

If the policy is not renewed

Recommendation

Recommended in case the two-wheeler is fairly old or if the vehicle is not frequently ridden.

Recommended if one needs broad coverage for the two-wheeler along with add-ons.

What is Covered Under Bajaj Allianz Third Party Bike Insurance Policy?

Bajaj Allianz Bike Insurance third party cover will provide coverage for the following:

Own Damage

Accidental damage or loss to a two-wheeler caused due to any of the following:

  • Fire, self-ignition, explosion, or lightning
  • Burglary or theft
  • Riot and strike
  • Fire or shock damage due to earthquakes
  • Flood, hurricane, typhoon, storm, cyclone, frost, hailstorm
  • Accidental external means; Malicious act;
  • Terrorist activity;
  • Any damage due to rail, road, inland waterway, air transat, lift or elevator
  • Landslide/rockslide.

Liability to Third Parties

Any legal liability that may arise due to bodily injury or property damage of third parties caused by an accident in which the insured two-wheeler is involved

Personal Accident Cover

In case of death or permanent total disability of owner-driver due to an accident while the two-wheeler travels, the insured or legal heir, will get the specified Sum Insured.

If you are looking for a bike insurance policy, you can consider buying Bajaj Allianz third party bike insurance. The policy comes at a cost-effective rate. However, it is recommended to compare plans before buying.

Bajaj Allianz Third Party Bike Insurance FAQs

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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.