9 min read
Bajaj Allianz General Insurance Company Limited was formed as a joint venture between the leading insurer in the world Allianz SE and Bajaj Finserv Limited. Registered in May 2001, the company started with the various insurance businesses and has now become a robust insurance provider in the Indian industry
Bajaj Allianz General Insurance is amongst the largest private insurance company in the insurance sector catering to the insurance needs of individuals as well as corporates. The company offers a wide range of insurance products and services that go beyond insurance. Its products include health insurance, car insurance, two-wheeler insurance, home insurance, travel insurance, commercial insurance, and cyber safe insurance.
Bajaj Allianz General Insurance company is known for its excellent customer service and wide distribution channel. Let us have a look at some of the key highlights of the company:
|Gross Return Premium||12,624 crores for Financial Year 20-21|
|Number of customers||11 crore customers|
|Number of employees||9,000 employees|
|Number of agents||80,000 agents|
|Number of dealers and Bank partners||9,000 motor dealer partners and around 240 bank partners|
Bajaj Allianz General Insurance company has completed 20 years of service and insurance care on May 2nd 2021. The company has risen from a humble start-up to a leader in the industry in its journey of two decades. In its continuous endeavor to provide seamless and satisfactory service to customers, the company has been recognized various times for its contribution to the insurance industry. Some of the achievements of the company are listed as follows:
Bajaj Allianz car insurance policy offers comprehensive coverage. The coverage of the policy depends on the type of policy that you choose to buy. Bajaj Allianz General Insurance company offers to arrange add-ons to customize your car insurance policy as per individual requirements. Coverage features of the Bajaj Allianz car insurance plan are as follows:
Bajaj Allianz Car insurance policies are quite comprehensive in their coverage. However, certain events are not covered in the Bajaj Allianz car insurance policy and are referred to as common exclusions. Common exclusions are the events in which no claim would be paid if the loss or damage is suffered due to the following reasons:
Bajaj Allianz General Insurance Company offers different types of coverage options for your car. Two of its most popular policies, also available at PayBima, include the following –
You can buy Bajaj Allianz Car insurance policy through PayBima. It is a digital platform that provides a quick and easy process to buy a suitable car insurance plan. Follow the following steps to buy a Bajaj Allianz car insurance policy online through Paybima:
You can also buy a Bajaj Allianz car insurance policy online by visiting the nearest branch office of the insurance company.
Car insurance have a fixed tenure and requires renewable to enjoy uninterrupted coverage. You will have to renew your insurance after a fixed tenure and if you fail to do so you might lose coverage benefits. Bajaj Allianz General Insurance offers a period of 30 days after the expiry of the tenure of a car insurance policy to renew it or else your policy, as well as accumulated no-claim bonus, will lapse and coverage will cease.
You can renew your car insurance policy online within minutes. PayBima offers simple steps to renew your policy through its website. You can do so by visiting the official website of PayBima and entering your car insurance policy number. You can review your existing coverage in the plan before paying the renewal premium. You can also add or remove add-ons at the time of renewing your plan. However, the premium of our plan would be adjusted accordingly on the addition or deletion of add-ons. Claim your no claim bonus and pay the premium as shown. Your policy would be renewed within minutes.
You can reach us by calling us at 1800267 6767 or through mail at firstname.lastname@example.org for any help or assistance to renew your Bajaj Allianz car insurance policy.
Bajaj Allianz General Insurance Company offers a convenient, quick, and easy claim settlement process. You can make a claim on the Bajaj Allianz car insurance policy through the PayBima website. The steps are as follows:
Bajaj Allianz General Insurance Company is continuously expanding its operations to suit the various needs of its customers and reach out to them. Some highlights of the car insurance plans offered by Bajaj Allianz are as follows:
You would have to provide the following details when buying a car insurance plan online –
o Registration number of the car and the registration location
o Make, model, and variant
o Driving license number
o The type of policy that you need
o Details of the existing policy, if any
o Claim history, if any
o Add-ons required
Based on these details the premium would be calculated. You can, then, pay the premium online and the policy would be issued instantly.
You can earn a no-claim bonus starting from 20% and going up to 50% depending on the number of successive claim-free years that you have.
Bajaj Allianz offers the following types of add-on covers with its car insurance policies –
o Zero depreciation – it nullifies the effect of depreciation on the claim amount
o 24/7 spot assistance – it provides round-the-clock assistance in the case of car breakdowns
o Engine protector – it covers engine damages due to water seepage
o Key and lock replacement – it covers the cost of replacing the cost of lock and keys if there is any damage or loss
o Consumable expenses – it covers the cost of consumables used in repairing the car
o Personal baggage – it covers the financial loss suffered if your personal baggage is stolen from the car
o Conveyance benefit – when the car is being repaired, after a claim, the add-on covers the cost of alternate conveyance
You can choose one or more of these add-ons and customise your policy.
Yes, you can renew the policy after it has expired. However, such a renewal might require an inspection of the car before the renewal is approved. There would also be no coverage on the car after the policy has expired and before it is renewed. Moreover, if you do not renew within 90 days of expiry, you would lose the accumulated no claim bonus.
A car insurance policy is mandatory as per the Motor Vehicles Act, 1988. Just like you need a valid driving license to drive the car, you need a valid third-party cover too. So, you have to buy a car insurance policy on the car. However, if you don’t and you are caught by traffic authorities or engaged in an accident, you would face a legal offence, fines, or penalties and might also suffer imprisonment. So, to avoid possible legal complications, a car insurance plan is a must.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
About National Insurance Company This year, National Insurance Company is celebrating its 116th year in the country. National Insurance Company Limited is the oldest general.
About HDFC ERGO General Insurance Company: A joint venture between HDFC Limited and ERGO International AG, HDFC ERGO is a reputed general insurance company in.
Speak to our advisor
Corporate Office : Mahindra Insurance Brokers Ltd ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, Behind Mahindra Towers, Worli, Mumbai 400018.
Licenced by IRDAI License No. 261; License Validity : 17-05-2022; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2022 Mahindra Insurance Brokers. All Right Reserved.