Benefits of Bajaj Allianz Two Wheeler Insurance Renewal

One of the most commonly used modes of transportation in India is two-wheeler. In fact, there are people who own more than one bike in India. Keeping aside the style and comfort, it is important to note that bikes and scooters are more vulnerable to accidents in comparison to other four-wheelers and card. Therefore, it is imperative to buy a 2-wheeler insurance policy and also renew it timely.

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Bajaj Allianz bike insurance policy offers protection to you and your bike against damage, theft, and risk of a personal accident including death and permanent disability of the owner/driver. Third-party liability cover is also provided in the event of an accident involving your two-wheeler. Bajaj Allianz two wheeler insurance policies are valid for 3 years, and it can be renewed easily near its expiry date.

You can easily renew your two wheeler insurance policy online or offline. It is important to renew bike insurance policy on time because it is mandatory to have a valid insurance policy as per the Motor Vehicles Act, 1988. Besides this, there are various other benefits of renewing your bike insurance policy with Bajaj Allianz.

One thing that you need to consider is whether you should continue with the same features or should you opt for some add-on covers or optional benefits?

So, in this one year of your bike insurance policy term, you would have already evaluated your bike insurance cover. By now you must have realized, what was missing from your bike insurance and what all features were useful. While renewing your policy, you have a good chance to opt out those features that were not required and keep the features that worked for you.

Listed Below is some of the Major Benefits of Bajaj Allianz Two Wheeler Insurance Renewals:

1. NCB or No Claim Bonus in Two Wheeler Insurance:

It is the discount provided by insurance companies on the motor insurance premium amount, for not filing a single claim during the policy period. The discount usually ranges between 20 percent and 50 percent. The major benefit of renewing your bike insurance policy is that you can earn the NCB benefits and get policy renewed at a lesser premium.

2. Bajaj Allianz Online Two-Wheeler Insurance Renewal:

Bajaj Allianz two wheeler insurance renewal is quite a convenient procedure. It is a secured, time-saving, and quite straightforward process. The procedure for renewal varies from one insurance provider to another. The steps that follow are mentioned below:

  • Visit the Bajaj Allianz official website
  • Submit details like your policy number and vehicle registration number
  • Click on the renewal button
  • Select any add-on covers that you want to opt for
  • Click on the submit button
  • Pay online and Bajaj Allianz will send you the online renewal receipt

3. Protection against Natural and Man-Made Disasters:

Two-wheeler insurance ensures coverage against accidental loss and damage in case of natural disasters such as fire, earthquake, cyclone, flood etc. It insures you against situations like theft, accidents, riots, and stampedes.

4. Third-Party Liability Coverage:

Bajaj Allianz two wheeler insurance renewals ensure coverage against any legal liabilities in case there is a road accident involving your bike. Protection is provided against third-party damage, property damage and bodily injuries caused to a third-person.

5. Two-Wheeler Insurance Add-on Covers:

While renewing your Bajaj Allianz two wheeler insurance policy you are given an option to opt for extra benefits. It is the right time to opt for add-on covers that you might have missed adding while buying your bike insurance policy. Bajaj Allianz offers you the option to choose the following add-on covers at the time of renewal:

  • Zero depreciation cover
  • Loss of accessories cover
  • Personal accident benefit to the pillion riders

6. Updating the Two-wheeler Insurance Policy Features

It is recommended that you explore other option before renewing your two-wheeler policy.  If you have a one-year plan then you can also go for a multi-year bike insurance policy.  You just need to pay the premium once and enjoy coverage benefits for 2 or 3 years. If you buy a long-term Bajaj Allianz bike insurance policy, then you won’t need to renew the policy every year.

You can easily change the policy duration during bike insurance renewal. The policy can be renewed for 1, 2 or 3 years. You can avail more benefits and discounts by opting for a long-term vehicle insurance policy.

7. Peace of Mind

Timely renewal of two wheeler insurance policy ensures you peace of mind and sense of security. It assures that you get immediate help in case of accidental injuries and your safety when interrogated by the traffic police.

It is clear with these benefits that bike insurance renewals are essential. And Bajaj Allianz renewal process for long-term and annual plans is quite simple.

If you opt for a 3-year plan, Bajaj Allianz allows you a proportional refund in case of mid-term cancellation. This is applicable even if you have filed a claim. This feature is not valid on annual plans.

So, make sure that you get your bike insurance policy renewed before the expiry date. You will not be able to claim the benefits after your policy is lapsed and is not renewed before the due date.

Conclusion

You can easily get your policy renewed through the company’s website. Check their portal and follow the steps for renewal. Provide accurate details about your vehicle number, previous policy details, registration number, and other personal details wherever required.  Once all the is provided, you can renew your Bajaj Allianz two wheeler insurance policy online without wasting much of your time.

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^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