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Buy/Renew Bajaj Bike Insurance

Bajaj Bike Insurance

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Thank You for Your Interest in Bajaj Allianz Insurance Policy, A Customer Support Executive will call you back shortly to assist you through the Process.

With offerings like Pulsar and CT in their line-up, Bajaj Auto is quite a popular choice amongst two-wheeler enthusiasts. Apart from bikes, they also have scooters in their product line. If you are looking for a stylish yet performance-oriented two-wheeler, you can consider these options.

Due to the growing number of vehicles on the road, the risk of your brand-new Bajaj Auto two-wheeler getting damaged cannot be ignored. To safeguard your vehicle from accidents and get financial compensation for damages, you should purchase a Bajaj Auto insurance policy. 

Types of Insurance policies for Bajaj Auto Models

Packed with amazing features, these bikes make for an economical purchase. Easy to learn and fuel-efficient, they would make a great mode of transport for you. When you are buying a Bajaj bike, you should also simultaneously go ahead and buy two-wheeler insurance. There are two main types of bike insurance policies that you can buy - third-party bike insurance and comprehensive bike insurance. Bajaj Allianz General Insurance Company offers both types of insurance policies.

Third-party Bike Insurance:

Third-party bike insurance, also known as third-party liability insurance, provides coverage for damages caused to a third-party person or their property by your bike. It is a mandatory requirement by law in India for all bike owners to have third-party bike insurance.

Comprehensive Bike Insurance:

Comprehensive bike insurance, on the other hand, provides coverage not just for third-party damages but also for damages to your own bike due to accidents, natural calamities, theft, and other incidents. It also offers personal accident cover for the owner and optional add-ons to customize the coverage further.

If you own a Bajaj bike, you can buy third-party insurance for Bajaj bikes or a comprehensive insurance policy based on your needs and requirements.

Inclusions and Exclusions of Bajaj Insurance

  • Inclusions

  • Exclusions

Damages caused to the third-party vehicle and their property.

Third-party injuries caused due to an accident.

Damages caused due to natural disasters such as floods and earthquakes.

Damages caused due to man-made disasters such as riots.

Loss or damages to your bike due to fire.

Loss or damages to your bike due to theft.

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Driving with an expired or invalid driving license.

Driving under the influence of drugs or alcohol.

Using the bike for unlawful activities.

Wear and tear caused due to the regular use of the bike.

Electrical or mechanical breakdown issues are not covered.

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Add-on covers for your Bajaj Auto Bike

When you purchase insurance for your Bajaj bike online, you can include some of these add-ons to your comprehensive policy:

• Zero Depreciation Cover:

This add-on ensures that the policyholder receives the full claim amount without any deduction for depreciation of bike parts.

 

• Personal Accident Cover:

Personal accident cover add-on provides financial protection in case of accidental death or permanent disability of the policyholder while riding the insured bike.

 

• Roadside Assistance Cover:

This add-on provides assistance in case of breakdown or emergency on the road, including towing service, fuel delivery, and other services.

 

• Engine Protect Cover:

Engine Protect add-on covers the cost of repair or replacement of the engine in case of damages due to water ingression, oil leakage, or other similar reasons.

• No Claim Bonus (NCB) Protect Cover:

This add-on ensures that the policyholder retains their NCB discount even after making a claim during the policy term.

 

• Consumables Cover:

This add-on covers the cost of consumables used during bike repairs, such as engine oil, nuts, bolts, and screws.

 

• Return to Invoice Cover:

This add-on ensures that the policyholder receives the original invoice value of the bike in case of theft or total loss due to an accident.

The availability of add-ons may vary depending on the insurance provider and the type of bike insurance policy chosen. 

How to buy bike insurance online for Bajaj two-wheeler?

To purchase Bajaj insurance online, you can proceed as follows:

  1. Go to the insurer's website.
  1. Enter the required details of your bike and other necessary information.
  1. Choose the plan that meets your requirements.
  1. Based on your selected policy, you will receive a quote.
  1. By selecting the comprehensive Bajaj insurance policy, you can customize it with add-ons of your choice.
  1. Pay for your policy on the website through the online payment gateway.

These steps are straightforward, and you can quickly buy the policy. If you want to know the price of Bajaj Auto insurance policy, you can use the two-wheeler insurance calculator to get an approximate quote for your policy.

How to Renew Bajaj Insurance Online?

Renewing your Bajaj bike insurance online is a simple and convenient process. Here are the steps to renew your Bajaj insurance policy online:

  1. Visit the official website of the insurance provider and select the "Renew Bike Insurance" option.
  1. Enter the policy details, including the policy number and expiry date, and provide the necessary information about your bike.
  1. Verify the information provided and select the coverage options that you require.
  1. Review the policy terms and conditions and confirm the payment for the policy. In case of a difference between the premiums at the time of renewal, it can be due to modification of coverage and/or inclusion and exclusion of add-ons.
  1. Once the payment is processed, you will receive a confirmation email with the renewed policy details.

In case you have any queries, you can contact the insurer's customer support team or chat with their online chatbot for assistance.

How to file a Bajaj Auto Insurance Claim?

To file a claim for a cashless or reimbursement bike insurance plan, follow the below steps:

For Cashless Claim:

  1. Inform your insurance company immediately after the accident.
  2. Take your bike to a network garage, which is affiliated with your insurance company.
  3. The insurance company will appoint a surveyor and get the vehicle inspected to provide an estimated cost for repair.
  4. The surveyor will then provide the cost estimate to your insurance company.
  5. The insurer will review the cost estimate and approve the claim.
  6. After the repair is completed, you can take your bike home without paying anything to the garage. The insurance company will directly pay the garage for the repair costs.

 

For Reimbursement Claim:

  1. Inform your insurance company immediately after the accident.
  2. Take your bike to a garage of your choice.
  3. The garage will inspect the damage and provide an estimated cost for repair.
  4. You will need to pay the repair costs to the garage and collect a receipt.
  5. Submit the claim documents, including the receipt, to your insurance company.
  6. The insurer will review the claim and reimburse you for the amount paid, after deducting any applicable deductibles or depreciation.

Note: It is important to keep all relevant documents such as the insurance policy, driving license, registration certificate, and FIR (if applicable) handy while filing a claim.

Documents Required for Bajaj Bike Insurance Claim

  1. Copy of insurance policy.
  2. Copy of driver’s license.
  3. Copy of FIR.
  4. Copy of your Bajaj two-wheeler registration certificate.
  5. Estimate bill from a garage.

Frequently Asked Questions

What is bike insurance?

Bike insurance, also known as two-wheeler insurance, is a type of insurance policy that provides financial protection against any damage or loss caused to your bike or any third-party property or person in case of an accident or other unforeseen events.

Is it mandatory to have bike insurance in India?

Yes, as per the Motor Vehicles Act of 1988, it is mandatory for all bike owners to have at least a third-party liability insurance policy.

What is covered under a comprehensive bike insurance policy?

A comprehensive bike insurance policy covers both third-party liabilities as well as damages or losses caused to your bike due to natural disasters, accidents, theft, and fire, among other things.

How is the premium for bike insurance calculated?

The premium for bike insurance is calculated based on various factors such as the make and model of the bike, age of the bike, geographical location, type of insurance policy, and add-ons selected.

How can I renew my bike insurance policy?

You can renew your bike insurance policy online by visiting the insurer's website, entering the required details, selecting the policy, and making the payment.

You can also renew your policy offline by visiting the insurer's branch office or contacting their customer care. It is important to renew your bike insurance policy before it expires to avoid any penalties or lapses in coverage.

How can I reduce my insurance premium?

You can reduce your insurance premium by installing safety devices, becoming a member of ARAI-recognised groups, opting for a voluntary deductible or reducing the number of add-ons.

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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