Tuesday, January 24, 2017

Bajaj Allianz Two Wheeler Insurance: The Most Value-For-Money Policy

Bajaj Allianz two wheeler insurance reviews point out towards the genuine inclusions of the policy. It can be termed the most comprehensive policy available to the Indian two-wheeler owners. It covers your two-wheeler against man-made, natural, and third-party liabilities. It offers you a personal accident cover, among other benefits.


Overview
With a plethora of two wheeler insurance policies available in the Indian market, it is hard to choose the best one. Still, the reputed and trusted names in the business always manage to offer, a policy that has the best value for money. The Bajaj Allianz two wheeler insurance is one policy that excels in the coverage, and other areas.

Why To Buy
  • One policy that covers a range of accident scenarios 
  • A hassle free process of policy purchase 
  • Quick and easy claim settlement process, with 24/7/365 claim support offered by one of the most reputed brands in the business through the call centres 
  • Regular SMS updates on the status of your claim 
  • An instant claim assistance 
  • A number of listed and authorized workshops/service centers that offer efficient and speedy inspection of the two-wheeler, and possess superior service standards. 
  • You can transfer up to 50% of the existing no-claim bonus from your current bike insurance provider as well
Documents Required
No documents are required for buying the policy online. You can buy it by just entering your personal and vehicle details. Bajaj Allianz bike insurance policy print can also be obtained online. The Bajaj Allianz bike insurance renewal is also available online.

Inclusions
  • Protection against man-made calamities: the policy covers any kind of loss or damage to vehicle, caused by unfavorable events including riot, burglary, malicious act, theft, vandalism, accident caused by some third party, or damage to the vehicle during transit (when carried through rail, road, waterways, air or even the elevator, among other load carriers) 
  • Protection against naturally unfavorable events and calamities: The Bajaj Allianz two wheeler insurance also offers protection against fire, lightning, earthquake, flood, storm, typhoon, explosions, hailstorm, cyclone, frost, hurricane, rockslides, and inundation, among other natural disasters. So no matter in which part of India you live, the policy will protect your two wheeler against every kind of natural and environmental disasters 
  • Third party accidents: Any kind of legal liability that arise because of an accidental damage, is also covered by the policy. The policy also covers for the personal injuries sustained in an accident and covers the third-party property damages as well. 
  • Personal Accidental Cover: The policy offers coverage of Rs 1,00,000 for the personal accident, to the driver of the vehicle who faces the accident while driving the vehicle. The policy covers for the accidents faced by the drivers during mounting/dismounting as well.
Term
Duration
Three year policy variant
Two year policy variant
renewal
Only after three year term
Every year
Premium
No increase in premium
Premium increases every year
NCB benefit
Benefit at renewal
According to ot the tariff

Note: There is also the two year policy option, now available to the customers

Claim Process
  1. Place the vehicle at the service centre that is registered in the network of Bajaj Allianz authorized workshops.
  2. For thefts, a written complaint, or FIR, is to be lodged at the relevant police station. The company should also be informed.
  3. Register your claim officially by calling the Bajaj Allianz call center. You will get the claim reference number, once you have submitted all the relevant information
  4. Bajaj Allianz will conduct the claim settlement survey.
  5. Verify your documents at the network service center, where your vehicle gets repaired. The seal, and stamp, of the service center, will ensure that your documents are accepted by the claim settlement officials of Bajaj Allianz. In case of theft, submit a copy of the FIR.
Also Visit: What Is Temporary Two Wheeler Insurance? How To Get It!

Documents Required For Claim Settlement
You can file a claim by submitting the following documents:
  • The claims form, duly filled 
  • The policy and one copy of the cover note 
  • 1 copy of the registration document/book of the 2 wheeler 
  • The repair invoice copy 
  • If the vehicle is lost totally, because of any accident (of any kind) or theft you will have to submit the original Bajaj Allianz two wheeler insurance policy.
Within 15 days or less, your claim will be settled, when you have all the necessary documents.

Note: Bajaj Allianz pays the garage/service center directly. Hence, you should call the company if your vehicle meets an accident. The settlement amount will be calculated by the official of the company. If the vehicle reaches the service garage of the network, the estimate will be paid by the company to the service center.

File the FIR within 24 hours of the theft. The company should also be informed within 24 hours of the theft incident.

Exclusions
The policy does not cover
  • General wear and tear and ageing 
  • Mechanical/electrical breakdown 
  • Damage to the vehicle when you do not use it, as per the usage limitations/instructions 
  • Damage that occurs to vehicle when a driver without a driving license is driving it 
  • Accidents under intoxication 
  • Mutiny, war, and the nuclear risk damages 
  • General wear and tear, of tyres and tubes

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