Bajaj Allianz Zero Depreciation Bike Insurance Policy

In simple words, depreciation of a motor vehicle means depletion of its value due to its usage over a course of time. Most of the insurance policies reduce the value of your bike insurance claim settlement amount when you go for a claim settlement. Due to depreciation, these insurance companies reduce the value of their insurance policies. If you wish to skip the effect of the depreciating value of your bike, you need to buy a Zero Depreciation Bike Insurance Policy. Here comes Bajaj Allianz Zero Depreciation Bike Insurance Policy into the picture that covers the vehicle for depreciation.

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If you want to opt for Bajaj Allianz Zero Dep. bike insurance, then you need to pay an additional premium amount on top of your standard two-wheeler insurance policy which you have chosen before with Bajaj Allianz Insurance Company. At the timing of filing a claim, this add-on policy is very useful as it doesn’t count the reduction in the value of your bike due to depreciation.

Benefits of Bajaj Allianz Zero Depreciation Bike Insurance

This add-on cover helps you to get a better amount on your losses while claiming and provides you a rise in your savings. The most unique benefit of such an insurance policy is that if your bike undergoes an accident, then you will get the full amount of your claim and the value of depreciation will not be considered.

  • It minimizes the outer expenses whenever you opt for a claim.
  • It gives you the original amount after the mandatory deductions are completed. There is no other deduction other than the ones listed in the required column.
  • It acts as a protecting barrier to your add-on cover which will be existing at that particular time.
  • It always helps you in increasing your savings by providing a better amount on your losses while claiming.
  • It reduces all the apprehensions which include lower claim amounts.

With this Bajaj Allianz Insurance add-on bike cover, you have access to many exclusive offers which help you and your motor vehicle enjoy zero depreciation with zero hard work.

Claim Process of Bajaj Allianz Zero Depreciation Bike Insurance Policy

The claim process of Zero Dep Cover Bajaj Allianz Bike Insurance is divided into two ways. Let us discuss both of them in detail with their respective claim process:

Cashless Claims: In this type of claim, the claim amount will be directly paid to the network garage where your bike was repaired. Cashless claims can only be subscribed if the bike of the policyholder is repaired at one of the network garages of his/her insurer. The claim process of cashless claims is as follows:

  • Contact your insurer about the accident immediately.
  • A survey will be conducted to estimate the damage caused to your bike.
  • You will be informed to fill and submit the claim form with other required documents.
  • The insurer will approve the repair and then your bike will be repaired at the motor garage.
  • Post repairs, your insurer will pay the bills directly to the motor garage.

Reimbursement Claims: In this type of claim, you have to ask the insurer for reimbursement for the repair expenses of the damage caused to your two-wheeler. This can only be registered if you take your bike to a motor garage, which is not authorized by the Bajaj Allianz Company. The claim process of Reimbursement Claim is as follows:

  • Inform your insurer and register your claim.
  • You will be informed to fill and submit the claim form with other required documents.
  • An informed survey will be conducted to estimate the cost of repair and the final assessment will be handed over to you afterward.
  • Then, you will be allowed to submit your vehicle to the non-authorized garage.
  • After the repair process is completed, the insurer conducts another inspection.
  • The insurer clears all the bills and collects and keeps the payment receipts.
  • After your claim is approved, you will be paid the claim amount.

Documents Required during Claim Settlement

You will be required to submit the following documents to the Bajaj Allianz Company for clearing your Insurance:

  • Dully signed Claim Form
  • RC of your bike
  • A Valid Copy of your Driving License
  • A copy of your policy.
  • Police FIR (in cases including accidents, third-party liabilities, and theft).
  • Repair Bill and Payment Receipt
  • The proof of release

FAQ's

  • Q: Can the two-wheeler insurance policy get affected by its age?

    Ans: Yes, your two-wheeler insurance policy can get affected as it is subject to age and a few several other factors. Its value starts to decreases over a period of time and reduces the value of add-on premiums.
  • Q: Is FIR really important for claim settlement?

    Ans: Police FIR is required in cases including accidents, third-party liabilities, and theft or if a person has suffered from any kind of injury or in cases of any casualties, it is important to file an FIR for claim settlement.
  • Q: Can I change my insurer without contacting him?

    Ans: No, you cannot change your insurer without informing him. If you wish to change your insurer due to some reason, then you can do so by informing your insurer at least 45 days before the expiration of your current two-wheeler insurance policy. It will be optional for you to give a reason to Bajaj Allianz Insurance Company as to why you wish to change your insurer. After that, you will be able to contact a new insurer.

Bajaj Allianz Zero Depreciation Bike Insurance Policy Reviews & Ratings

4.5 / 5 (Based on 68 Reviews)
(Showing Newest 25 reviews)
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.
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.
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.
Prem
Gurgaon, June 04, 2021
Compare and buy
Policybazaar has an easy way to compare and buy policies. I did it for my bike insurance and finally settled with Bajaj Allianz two wheeler coverage. It was a good purchase and I am happy with it.
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.
Pablo
Padra, September 18, 2020
Physical damage
My bajaj Allianz two wheeler insurance policy has secured me from various damages and the accidents and I took the plan from the website of the policybazaar. Great work team policybazaar.
Aahan
J.n.prasad, September 16, 2020
Benefits
I recently got the bajaj Allianz two wheeler insurance policy from the policybazaar and they have helped me a lot to get the best services and the plans. It was really nice to be associated with the policybazaar.
Atmajyoti
Yashwant Nagar, September 14, 2020
Best two wheeler plan
I have recently got the bajaj Allianz two wheeler insurance policy from the website of the policybazaar. I really like the plan and have got the best insurance policy from that website. Thank you so much team policybazaar.
Tapan
K.b.p. Pupri, June 30, 2020
Hassle free services
I would love to recommend this company to everyone who are planning to buy a insurance. A great place to get yourself insured.
Vikrant
Ahmednagar, June 29, 2020
Online renewal
The renewal process of policybazaar is easy. You just have to go to the my account and select your policy and just renew it.
Nargis
Ahmednagar, June 29, 2020
Get discounts
I got really good amount of discount when I got my two wheeler insured from policybazaar. I got the policy of Bajaj.
Vidhur
Kabi Surya Nagar, June 20, 2020
Quick and hassle free
The company provides the quick and hassle free services to its customers. Easy to choose and get your soft copy within an hour.
Mohan
Babutola, June 20, 2020
My account
For those who are the old customers they can login to my account for more hassle free services. And you can raise a complaint or query.
Dharmesh
Laitkynsew, June 20, 2020
Easy interface
The website and interface is quite easy to use. Even my dad can use it and can buy an insurance.
Aakash
Machantola, June 20, 2020
Repairing is fast
When your vehicle is damaged and you claim for it then immediately it is sent to the repair shop and the work get started.
Bhuvan
Machantola, June 20, 2020
Registered
Before claiming anything just make sure you are registered. It will be easy for you and for the company to understand the things.
Vinit
Machalisahar, June 20, 2020
Customer service
The backend team which is the support system of policybazaar is very good. They are always there to help the customer related to query or a complaint.
Meenal
Idukki, June 18, 2020
Premium rates
The premium rate of the policy differs to plan to plan. And this is great. All the plans are affordable.
Deepti
Nabapally, June 18, 2020
Zero depreciation
The zero depreciation facility is available in my two wheeler insurance plan. It is quite good and helpful
Kushal
Laitkynsew, June 18, 2020
Calculator option
I searched the two wheeler plan and got to know about policybazaar. They have a calculator system in which we will get to know about many years and the premium rate by entering the details. The option is good.
Arjun
Vadodara, June 18, 2020
Best company
Policybazaar is a good place to get your insurance done. They understand the need of the customer and prices are quite affordable.
Tarun
Udaipur, June 18, 2020
Claim assistance
The claim query was raised by me regarding the two wheeler insurance. And it was cleared out by them in a best way.
Dharmesh
Adalaj, May 19, 2020
EMI
I feel this is the good feature which has been introduced by them . The EMI option and now I can use it conveniently.
Sharad
Captainganj, May 11, 2020
Online comparison
When you get the option of online comparison at one place and also the best plans then what else you want. I am really grateful to get the plan from policybazaar.
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