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Road safety is a development concern and one of the leading causes of death and injury across the country. India has one of the largest road networks.
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Commercial vehicle insurance is a policy designed to protect vehicles used for business purposes. This includes coverage for damages caused by accidents, natural disasters, theft, and third-party liabilities. It also provides coverage for the driver and passengers in case of an accident....We understand that uncertainty can occur at any time. To stay protected in the long run, make sure to renew your commercial vehicle insurance. Protect yourself from any litigation costs that may arise as a result of third-party consequences. Remember, your vehicle is the backbone of your business, so why miss the renewal date? Read more
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Renew car insurance policy today and receive 24x7 roadside assistance. Get SMS updates on claims support even on holidays.
Renew
Remain cushioned against third-party liabilities by renewing your private car only liability insurance. Quick, convenient, and seamless with Bajaj Allianz.
RenewCommercial vehicle insurance covers a wide range of vehicles used for business purposes. These include:
Renewing your commercial vehicle insurance comes with several key features that can keep your business on track:
It covers damages to your vehicle, third-party liabilities, and personal accident cover for the owner-driver. However, personal accident cover may only apply if it is specifically included in the policy.
If you haven’t made any claims during the policy period, you can avail of a discount on the premium during renewal.
Enjoy cashless repair services nationwide at a vast network of authorised garages.
Click on https://www.bajajallianz.com/general-insurance.html
Under the Insure section, select Commercial Vehicle Insurance.
Now, click on the Renew Online tab.
Enter the required details correctly
Click on the ‘Submit’ tab
Review the policy and other details carefully.
If there are no changes, make the commercial vehicle insurance premium made
Renewing commercial vehicle insurance timely enables the passenger or goods-carrying vehicle owner to mitigate losses and be safeguarded against third-party liabilities. Now, let us quickly go over the key advantages of renewing commercial vehicle insurance with us:
Renew your policy from the comfort of your home or office without visiting an insurance branch.
The renewal process can be completed within minutes by providing basic details like your policy and vehicle registration numbers.
Receive the policy document instantly on your registered email, eliminating the need for physical paperwork.
Choose the coverage and add-ons that best suit your business needs.
A cover is offered in case of an accident where the insured is legally liable to pay to the third party. For the death or bodily injury to a person caused by the vehicle insured. Moreover, if there is damage to a property caused by the use of the vehicle insured.
Compensation is offered based on the below nature of the injury sustained by the owner-driver of the vehicle.
If you have a vehicle that is used for commercial purposes, ensure to buy commercial vehicle insurance online. A third-party liability policy is mandated by law.
You should renew the commercial vehicle insurance plan before it gets expired.
Yes, renewing commercial vehicle insurance online is easy with us.
The cost depends on the vehicle's type, age, NCB, and chosen add-ons and varies from insurer to insurer.
The validity is typically for one year from the date of renewal.
It includes coverage for damages to the vehicle, third-party liabilities, and personal accident cover for the owner-driver.
Products like truck, bus, and taxi insurance come under commercial insurance renewal.
| Injury Nature | Compensation Scale |
|---|---|
| Loss of one limb or sight of one eye | 50% |
| Loss of two limbs or sight of two eyes or one limb and sight of one eye | 100% |
| Permanent total disablement from injuries | 100% |
| Death | 100% |
*T&C apply
Note: For complete information, please refer to the policy wording.
Commercial vehicle insurance renewal is essential for anyone who owns or operates vehicles for business purposes. This includes:
To be eligible for commercial vehicle insurance renewal, the policyholder must:
Commercial vehicle insurance renewal typically covers the following:
Damages due to accidents or collisions.
Losses due to floods, earthquakes, storms, etc.
Compensation for vehicle theft or burglary.
Covers legal liabilities arising from injuries or damages to third parties.
Some scenarios are not covered under commercial vehicle insurance renewal:
Damages due to the normal ageing of the vehicle.
Breakdowns due to internal failures.
If a driver is found under the influence at the time of an accident, any claims related to that accident could be denied. However, the vehicle insurance does not explicitly cover any damages incurred while driving under the influence.
Using the vehicle for purposes other than what it is insured for.
Enhance your policy with the following add-ons:
Get help in case of breakdowns or emergencies.
Protects against engine damage from water ingress or oil leakage.
Ensures total claim amount without deducting depreciation on parts.
Compensation for the loss of income if the vehicle is unusable due to an accident.
Timely renewal of commercial vehicle insurance is crucial for several reasons:
It is mandatory to have valid insurance for any vehicle plying on Indian roads.
Protection against hefty repair costs or legal liabilities in accidents.
Ensures your business operations are not disrupted due to vehicle downtime or financial losses.
You can focus on your business without worrying about potential risks.
Calculating the premium for commercial vehicle insurance renewal involves considering various factors such as:
Older vehicles might have higher premiums due to increased risk.
Premiums depend on factors beyond the vehicle type, including usage, location, and claims history.
Discounts for not making claims in the previous policy period.
Additional covers like zero depreciation or roadside assistance can increase the premium.
Before renewing your commercial vehicle insurance online, keep these factors in mind:
Make sure the coverage meets your current business needs.
Utilize your No Claim Bonus for a reduced premium.
Choose add-ons based on your usage and requirements.
Use online tools to compare premiums from different insurers.
Disclaimer
I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.
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