Comprehensive Policy Bajaj Allianz Motor Insurance

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Policy Brochure

Policy Wording

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Purchasing the vehicle of your dreams in today’s time has become way more affordable. What might take a toll on your pockets is its service, maintenance and dealing with any form of liabilities in case of damage. This is where the Bajaj Allianz Motor Insurance Comprehensive Policy comes into play, offering a wide range of coverage that addresses all such needs.

Investing in a robust motor insurance plan is a smart step that you can take today to safeguard yourself from future crises. While you have the option of purchasing standalone own damage and third-party liability insurance, a comprehensive insurance policy like the Bajaj Allianz Motor Insurance Comprehensive Policy comes with many advantages that you do not want to miss out on.

Highlights Bajaj Allianz Comprehensive Policy

Claim Settlement Ratio – 98.58%

NCB* - Available, up to 50%

Road Side Assistance – Available

Network Hospital – 7200+

Claim settlement in 20 minutes - Caringly Yours mobile app.

Wide coverage - Protection

Multiple add-ons - Customisation

Insurance for all kinds - Motor Vehicles

Get all your insurance related queries answered

Features and Benefits of Bajaj Allianz Motor Insurance Comprehensive Policy

The Bajaj Allianz Motor Insurance Comprehensive Policy is designed to provide coverage for various types of vehicles and diverse protection needs. Choosing a comprehensive motor insurance policy not only offers you both own damage and third-party liability coverage but also several other benefits:

Comprehensive Protection

The policy is designed to offer comprehensive protection for your vehicle. Here’s what you get:

Protection Against Own Damage: Under this provision, the policy provides financial coverage for any form of damage to the vehicle or its owner.
Protection Against Third-Party Liabilities: Under this provision, the policy provides financial coverage for liabilities that may arise from damages caused to a third party or person.

Legal Compliance

According to the Motor Vehicle Act 1988, every vehicle owner is required to purchase a minimum third-party liability motor insurance policy. However, as only a third-party policy will not cover your damages, a comprehensive policy is often more recommended. It ensures that you do not incur hefty penalties for not having valid motor insurance.

Protection from Financial Liabilities

Even if you are a diligent driver, driving on Indian streets comes with uncertainties that you must be prepared for. Purchasing this policy ensures that you are protected from financial liabilities that might arise due to an unfortunate road accident, theft, explosion, fire, etc, of your vehicle or a third party person or property.

Insurance for All Kinds of Vehicles

Another key advantage of this comprehensive policy is that it is available for all types of vehicles. Whether you're looking for motor insurance for a car, bike, or commercial vehicle, this policy offers comprehensive coverage to meet every need.

Easy Claim Settlement

Getting into a road accident or a vehicle-related damage can be stressful and the last thing you want is to wait for months to get your claims settled. Purchasing the policy comes with the assurance that your claims are easily settled. Additionally, you can also opt for a rider that provides 24×7 roadside assistance.

Bajaj Allianz Motor Insurance Comprehensive Policy: Highlights

Here’s a table for a detailed understanding of the Bajaj Allianz Motor Insurance Comprehensive Policy highlights:

Particulars	Details
Policy Name	Bajaj Allianz Motor Insurance Comprehensive Policy
Insurance Company	Bajaj Allianz General Insurance Company
Benefits	Multiple Benefits like: Comprehensive Protection On-Spot Claim Settlement 24*7 Assistance Coverage for Own Damage and Third Party Liabilities
Add Ons	Multiple Add-Ons like: Consumable Expenses Zero Depreciation cover Pay as You Drive No Claim Bonus Protection
Network Garages	7200+
Claim Settlement Ratio	98.54% as published in 2024

Wish to Enhance Your Coverage? Take a Look at the Riders Available

The Bajaj Allianz Motor Insurance Comprehensive Policy is designed to provide coverage tailored to the needs of every vehicle owner. However, if you wish to enhance the coverage, then you can opt for riders like:

Add-Ons	Details
24*7 Road Assistance	You can get immediate roadside assistance for any form of emergency, including towing, fuel assistance, flat tires, and more.
Consumable Expenses	Get coverage even for consumable items like engine oil, brake oil, lubricants, Greece etc.
Zero Depreciations	You are protected from the depreciating value of your vehicle. The insurance company doesn’t make depreciation cuts even when you make a claim, and you get the entire claim amount.
Pay As You Consume	Save significantly on the insurance premium by paying less if you drive less.
No Claim Bonus Protection	Retain your NCB even if you raise a claim (once) during a policy year.
Return to Invoice Cover	Recover the invoice value of your motor insurance in case of a total loss of your vehicle or theft.
Engine Protector	Get coverage for any form of financial losses incurred due to damage of your vehicle’s engine.

T&C

NCB* - The insured is entitled for a No Claim Bonus (NCB) of up to 50% on Own Damage, if no claim is made or is pending during the preceding year(s)
Network garage# - Bajaj Allianz offers hassle free claim settlement in 4500+ garages pan India

(For detailed information, please refer to Policy Wording)

Bajaj Allianz Motor Insurance Comprehensive Policy: What is Covered?

If you are purchasing the Bajaj Allianz Motor Insurance Comprehensive Policy, here’s a list of coverages that you get to enjoy:

Third-Party Liability

The policy provides comprehensive coverage through third-party liability insurance. Under this, you get to enjoy coverage for

Third-Party Liability For Bodily Injury & Death: If your vehicle gets into an accident and you are liable to compensate for any injury or death of a third party, then the insurance party pays the exact amount as the court decides. This is an unlimited cover.
Third-Party Liability for Property Damage: If your vehicle is involved in an accident and you are liable for compensating any damage done to a third party or person, then the insurance company offers coverage up to the SI limit.

Own Damage Cover

The own damage cover is designed to protect you from getting into a financial burden due to damages arising out of:

Fire
Theft
Accident
Natural calamities like floods, earthquakes

Theft

If, due to an unfortunate event, your vehicle gets stolen, then the insurance company steps in to ensure that you receive financial compensation equivalent to the IDV of your vehicle.

In Transit Damage

The insurance company covers the cost of repair if your vehicle gets damaged while being transported.

Personal Accident

Road accidents are unpredictable and common in India. The insurance policy provides coverage in the event of the car owner's death or injury due to an accident.

Pros & Cons of Bajaj Allianz Comprehensive Policy

You can avail facility of cashless repair services across 4500+ network garages under the comprehensive pla

With 98% CSR, Bajaj Allianz vehicle insurance is one of the best claim settlement ratios in the industry

The plan offers easy and quick claim processing in the digital mode within 20 minutes of raising a claim

Provides highest level of protection and maximum amount of coverage

The insured can avail add- on riders to enhance the existing coverage

The plan does not cover any damage or injury to the vehicle when the policy is inactive or it has lapsed

The plan doesn’t cover expenses if the vehicle damages took place when the vehicle owner was driving without a valid license

The policy also excludes any drunk and drive incidents wherein the vehicle is damaged when the policyholder drives under the influence of alcohol

If the damage to your vehicle is caused due to your negligence, it might not be covered by the plan

Normal wear and tear as well as damages caused by war or war like situation are also not covered under the plan

Our verdict

In addition to being a legal requirement, purchasing motor insurance promises financial protection, and peace of mind and promotes road safety. The Bajaj Allianz Motor Insurance Comprehensive Policy is a carefully designed plan that provides tailored protection to meet the needs of every vehicle owner. The comprehensive protection plan addresses both legal and financial liabilities.

If you haven’t already purchased a motor insurance plan or wish to renew your existing plan, Paybima is here to help.

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Bajaj Allianz
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 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.

Founded in

2001

Claim Incurred ratio

72.88%

Number of Policies

2,635,587

Turnover (GWP)

Rs. 20,630 Crore

JV Partners

Allianz SE & Bajaj Finserv Limited

Claims Experience

Claims Experience Rating 4.7

Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?

98.58%

Network Garages

7200+

Benefits of Bajaj Allianz Comprehensive Policy

Key Benefits
Own Damage Cover	Available
Convenience	Easy repairs
Other Benefits
Network Garage	Wide network available
Claim Settlement	Quick and hassle-free
Add-on cover	Add-on benefits available

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Ask Anything as We Have Answers to Everything in Insurance

Yes, both are totally different plans. In fact, a comprehensive policy is an insurance plan, whereas zero depreciation is an add-on cover.

Buying a comprehensive plan for an old car would depend on the exact age of the car as well as how much the vehicle has been used etc. Also, you must consider how long you are planning to use the car, before opting for a comprehensive vehicle insurance plan.

The day you buy a new bike/car, you should consider investing in a comprehensive car insurance policy.

Yes, comprehensive plans are expensive as compared to third-party insurance policies. But the benefits offered under such plans are all-inclusive and extensive.

Yes, you can buy a Bajaj Allianz comprehensive vehicle insurance plan online.

Yes, third-party liability insurance is mandatory under the Motor Vehicle Act, 1988. However, keep in mind that a comprehensive policy protects against both own damage and third-party liability.

To purchase the policy, you will need to provide your driving license, proof of identity, address, and vehicle registration number.

You can renew your policy either through the official Paybima website or directly with the respective insurance company.