Bajaj Allianz bike insurance policy helps you safeguard your favorite bike from any unforeseen damage/risk including – third party liability, theft or loss of vehicle, fire, loss of life or accident cover, and other natural catastrophes and man-made disasters. It covers your personal and third-party risks comprehensively, which might incur from your bike or any harm which has been caused to your bike in under any circumstances.
It gives personal accident cover to both the driver and owner of the bike. If you pay extra premium, it gives cover to the passenger on left of your driving seat and also the other co-passengers. Under third party liability, policy premium is decided by IRDA, but under this the insurance company can also decide the premium amount. Bajaj Allianz two wheeler insurance policy has some underwriting principles, under which the premium is dependent on the IDV of your bike. The lower your Insured Declared Value (IDV), the lower will be the premium and vice versa. But in all circumstances, the premium for comprehensive insurance policy will always be higher than third party liability policy, because of its all-inclusive risk cover. The policy has unique features and offers great services to its customers.
Benefits of Buying Bajaj Allianz Bike Insurance Policy
Buying a bike insurance policy from Bajaj Allianz Company has its benefits some of which are listed below:
- The claiming process is comparatively fast and simple. It is known for its seamless claim settlement.
- It provides cashless service under network garages. In absence of cashless transaction, the company would pay 75 percent of the total bill.
- Purchasing the policy and renewing it online is a simple, convenient and hassle free process.
- For any insurance related queries or grievances you can contact their 24×7 customer support team.
- Comprehensive insurance policy would provide you risk cover from both your vehicle damage and third party legal liability
- While porting your insurance plan, it allows to transfer 50 percent of the No Claim Bonus (NCB)
- You get timely update on sms and email round the clock
- Avail cashless and hassle free claim servicing from listed workshops associated with Bajaj Allianz Bike Insurance network
What All Will Be Included In Your Bajaj Allianz Bike Insurance Policy Cover
- The comprehensive bike insurance policy covers loss or damage happened to your bike amid natural calamities including cyclone, storm, typhoon, earthquake, flood, fire, and landslide.
- The comprehensive bike insurance policy also safeguards you from man-made malicious activities or damages like theft, rebellion, incursion, burglary, terrorist threats, and also any sort of damage which may occur during the vehicle transit.
- Under the comprehensive plan the insured person would get cover up to 1lakh rupees. This will give your personal security from any unforeseen circumstances. Personal accident cover is for the owner while driving the car.
- Third Party Cover – Under your bike insurance policy you would get third party risk cover in incidents which involve any physical injury, or damage caused to the neighboring property. In a scenario where the third party happens to be an uninsured rider or if his policy has been lapsed or is pending renewal; under such a situation you can get a third party claim and ward off all the unforeseen financial expenses.
You can browse online various bike insurance policies offering affordable health insurance plans for its customers. Comprehensive bike insurance Bajaj Allianz is there to protect you against the rising insurance costs. If you look at the private insurers, Bajaj Allainz offers its customers highest insurance claim settlement ratio. Before buying a policy for your bike, make sure that you go through all the terms and conditions.