Bajaj Allianz Motor Insurance Company

Bajaj Allianz General Insurance Company Limited was formed as a joint venture between two 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.

Highlights of Bajaj Allianz Motor Insurance Company

Claim settlement ratio 98.54%
NCB* Available, starts at 20%, up to 50% (maximum)
Network Garage 7200+
24*7 Road Side Assistance Available
Top Motor Insurance Plans by Bajaj Allianz

Compare Top Motor Plans from Bajaj Allianz Motor Insurance Company

Bajaj Alliance Third-Party Vehicle Insurance Plan
Bajaj Alliance Comprehensive Vehicle Insurance Plan
Bajaj Alliance Own Damage Policy
Features
Own damage
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Third-Party property damage
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Third-party bodily damage
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Add-On Coverage
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Personal Accident Coverage
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Car Theft
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Features
Own damage
Third-Party property damage
Third-party bodily damage
Add-On Coverage
Personal Accident Coverage
Car Theft

Awards and accolades won by Bajaj Allianz

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:
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Bajaj Allianz General Insurance won the Best Use of Data Analytics in Fraud Detection Award at the India Fraud Risk Management & Summit Awards 2024, held in Mumbai.

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Bajaj Allianz General Insurance won the Finnoviti Trophy for Reach- Sarvatra Bima/Insurance on Wheels at the 2024 Technoviti and Finnoviti Conclave and Awards by Banking Frontiers, held in Mumbai.

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ajaj Allianz General Insurance won the award for Kisan Suvidha Agri ChatBot as the Best AI-Powered Chatbot to Enhance CX (General Insurance) at the 4th Edition CX Excellence Awards 2024 organized by Quantic India.

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Bajaj Allianz General Insurance won the Best Cyber Insurance award at the InsureNext Conference & Awards 2024, organised by Banking Frontiers.

Key Highlights of Bajaj Allianz Motor Insurance Company

Features

Meaning

Gross Written Premium

Rs. 20,630 Crore

Network Garage

7200+ across India

Roadside assistance

Available 24/7

Number of dealers and Bank partners

9,000 motor dealer partners and around 240 bank partners

Features of Bajaj Allianz Motor Insurance plans

Features

Meaning

Third-party liability

Third-party liability means the liability arising to the third party in case of damage to any third party or person due to your car. Third-party liability is also mandatory coverage under the Motor Vehicles Act.

Own damage cover

Damages suffered by your car in an accident, or due to any natural and man-made calamities, such losses would also be covered in the Bajaj Allianz car insurance policy. Own damage cover is available only in a comprehensive

Theft

If your vehicle is lost or stolen, then the insurance company will indemnify your loss by paying you a lump sum amount to buy a new car.

In transit loss

Damages suffered in transporting your car from one place to another are also covered.

Personal accident cover

Personal accident covers offers a lump sum payment of up to 15 lacs in case of permanent total disablement or accidental death suffered by the owner or driver of the car in an accident.

Exclusions in Bajaj Allianz Motor Insurance Plans

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:
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Driving without a valid driving licence.

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Consequential losses which are not a direct result of the incident.

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Driving under the influence of drugs or alcohol.

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Using the vehicle for criminal acts or hazardous activities.

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Electrical or mechanical breakdowns.

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Driving outside the geographical location of India.

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Losses or damages suffered when the policies in lapsed state.

Motor insurance plans offered by Bajaj Allianz

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 –

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Standalone own damage plan

This plan is available if you already have an existing third-party coverage on your car. The addition of this cover gives you a bundled policy. The features of the standalone own damage cover are as follows –

  • It is available for a term of 1-year

  • You can renew the policy continuously

  • You earn a no claim bonus if you don’t make claims in the previous years. This bonus helps you avail of a premium discount when you renew the plan

  • There are optional add-ons available that help in enhancing the scope of the policy

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Comprehensive car insurance plan

A comprehensive car insurance policy provides the most inclusive coverage on your car. The features of the Bajaj Allianz car insurance policy are as follows –

  • You get coverage for both third party liabilities as well as the damages that your car might suffer due to natural and man-made causes

  • Theft of the car is covered under the Bajaj Allianz car insurance policy

  • More than seven add-ons are available so that you can customize your policy as per your needs

  • Bajaj Allianz allows digital claim settlement which gets your claims approved within 20 minutes

  • Through the Caringly Yours App, you can get on-the-spot claim settlement in your policy

Eligibility conditions

Age Criteria

Individuals must be 18 years and above

Citizenship

The individual must be an Indian citizen

Vehicle

He/she must possess a vehicle registered in his/her name

Vehicle Registration

The individual must possess an RC or registration certificate

Identification Document

He/she must have a valid DL or driving license

Mandatory Document

The vehicle must have a pollution under control (PUC) certificate

How to buy Bajaj Allianz Motor Insurance Plan?

Go to the official portal of Bajaj Allianz Insurance. Go to "car" and submit a few questions about the policy seeker to get a quote.

Or visit the Paybima portal and select Motor Insurance from the options available.

1

Visit the Paybima homepage and click on the ‘Motor Insurance’ tab in the dropdown menu.

2

Fill in your required details and request a callback.

3

A Paybima representative will help you buy the most suitable plan.

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You may also reach us at 1800 267 67 67 from 10 AM to 7 PM, or

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You can visit a Paybima branch near you.

The process of renewing Bajaj Allianz Motor Insurance Policy

What is the Process for Filing a Claim for Bajaj Allianz Motor Insurance Plan?

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:
1
Inform the Insurance Company

No sooner an incident occurs, the first thing you need to do is inform the insurance company about the claim. You can call Bajaj Allianz on its toll-free number or file an intimation online by visiting its official website and providing your policy number and car registration number.

2
Search for the nearest network garage

The company has tied up with many workshops across India to provide you with the cashless settlement of your claim. If you want to avail cashless settlement, you will have to take your car to a networked workshop. You can locate the nearest network workshop on the official website of the insurance company.

3
Assessment of damage

Bajaj Allianz would send a surveyor to assess Bajaj Allianz General Insurance will send a surveyor to assess the damage caused to your car. The surveyor will check the extent of damage and submit a report to Bajaj Allianz. The network workshop will begin repairing your car only after receiving a confirmation from the insurer.the extent of damage of the vehicle to initiate your claim. The surveyor would inspect your vehicle and submit a report to the company. The network garage would begin repairing after receiving a confirmation from the insurance company.

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Fill up the claim form

After verification of your claim, duly fill and sign a claim settlement form and submit it to the insurance company. The claim form can be downloaded from the website of Bajaj Allianz General Insurance or can also be collected from the company’s nearest branch.

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Settlement of claim

Once all documentation has been completed and your claim has been approved, you can collect your car from the network garage and the insurer will directly pay the cost of repairs to the garage.

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Reimbursement of claim

Bajaj Allianz General Insurance also offers a reimbursement claim facility in which you can repair your vehicle in a non-network garage and later get a reimbursement of the cost of repairs incurred. To get reimbursement of repair cost, submit a claim form along with all the original repair bills to the insurer. The company will access your bills and documents and then credit the cost of repairing incurred by you in your bank account.Certain documents are required to be submitted along with the claim form for the successful settlement of the claim. The documents include the following:

  • Car registration document

  • Valid driving license of the person driving the car

  • Duly filled and signed claim form

  • Original policy document

  • Original repair bills for reimbursement claims

  • Bank account details to credit the reimbursement amount

  • Inspection officer’s report and Police FIR in case of robbery or theft of the

Guaranteed Claim Support

When you buy or renew a motor insurance plan from us, we guide at every step till your claim is settled.

Start your claim process with us to get our support

Review of Bajaj Allianz Motor Insurance Company

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:
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The company is associated with major e-commerce platforms, brokers, and web aggregators so that its customers can buy car insurance policies both offline and online without any hassle.

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The company has tie-up with 7,200 + network garages across India allowing you to select a network garage easily for cashless claims.

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The company has been recognized for providing the best customer experience and best brand experience numerous times for its excellent products and customer service.

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The company has embraced digitization to enhance the quality of its customer’s experience and provide an easy, quick, and hassle-free claim service and settlement.

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The company has introduced for the first time in India, a user-based car plan by installing Telematics devices in the vehicle for the first time in India.

Sahi Advice,
Sahi Insurance

If you have any questions on how to choose the best insurance plan, you can connect with our IRDAI certified insurance advisors.

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