Our personal accident cover of Rs 15 lakhs gives you, the owner-driver, the financial muscle to bear treatment costs following an accident involving your bike. Furthermore, I false. A zero depreciation cover under the two wheeler insurance policy has proven to be useful when it comes to a claim settlement. However, in Bajaj Allianz cashless service, the insured can take the bike to the garage and get the repairs done without paying anything. If driving without a valid license, no losses will be compensated. Watch the video to know more. Liability due to physical damage to an individual due to a bike. Read more. It covers the complete settlement of third parties and damages occurred to the policyholder and two-wheeler. Two wheeler insurance is mandatory, but it should not be purchased under pressure but as a responsibility towards others and your safety as well. This amount is calculated on several bases like the model, city one rides it in, add-on covers, electrical/ non-electrical accessories, registration date, etc. TERMS AND CONDITIONS. Contact customer service through email, chat, or telephone. The claim process is as follows – You would first have to register your claim with Bajaj Allianz. Fill in the details of the two wheeler variant and previous policy and city of insurance as well. It protects the Bajaj bikes from any damage or loss arising out of any unforeseen adversities. You need to provide the following documents: A pillion is a person who sits behind you in a two wheeler/bike. Comparing car insurance quotes from … Knowing what your policy covers helps you choose the right insurance plan, Losses and Damages Suffered Due to Natural Calamities. Normal wear and tear are not included under bike insurance policies. Own Damage Cover - 1 year. The non-cashless reimbursement claim means the insured will pay first for the entire repair for the vehicle and submit the documents and bills to the insurance company. Electrical accessories such as fog light, which is not factory fitted, and non-electrical accessories, include a leather seat. Reasons to Renew expired bike insurance are ; 1. In the case of a break-in, you can renew your break-in policy easily online, and it gets instantly activated. Choosing third-party insurance or comprehensive bike insurance is your decision entirely. The documents required are: Once these documents and the transfer charges are submitted, the insurance company will start the transfer process. 2. 3rd Party cover - 3 years Two wheeler Insurance is mandatory in India and is proven to be very beneficial as well. 100% Online, Zero Paperwork – Bajaj Allianz online two-wheeler insurance is completely online and the entire buying process can be completed within just a few minutes. Losses and Damages Suffered Due to Man-made Calamities. However, at the time of the next insurance policy renewal, the premium will be charged according to the revision in the third-party insurance policy. Notifications 11. Man-made disasters like theft, robbery, riot, strike, terrorist activity, damage in the transit by road, rail, lift or elevator, is covered under the coverage of bike insurance claims from man-made disasters. Based on the above two types of covers, there are three types of Comprehensive two wheeler insurance with its beneficial features: Every two wheeler insurance policy covers different aspects. Comprehensive insurance: in addition to the above following are also covered. WEF August 1, 2020 the new two wheeler insurance policy covers will be implemented. Consider these steps while buying insurance online: Steps to buying two wheeler insurance online are: 1. Yes, Bike insurance can be renewed online, one can avail this feature by directly logging into the insurance company portal or various portals / mobile apps which provide online insurance facilities. Health toll free Number It is just like other policies that protect you and your bike from damage and losses caused to the third parties and self. It is India’s authorized agency to carry on such affairs and more. site and leaving the site half way enquiring/verify Bajaj Allianz General Insurance Co. Ltd's (BAGIC) Buying bike insurance online policy is the easiest procedure, and one can secure their motorcycle within quickly and safely. Insurance is the subject matter of solicitation. If involved in an accident, they won’t be compensated at all. Policy renewal that’s done well within the date of expiry (of the original policy) allows you to avoid additional inspection. No Claim Bonus (NCB) is a reward given to the bike owner by the insurance company if they do not register any claim during the policy tenure. Several elements are a part of the bike insurance policy. IDV = (Listing price stated by manufacturer - Depreciation) + (Additional accessories - Depreciation). It minimises the blow either for Natural Calamity Cover or Personal/Third Party Cover as well. But as it’s mandatory for every vehicle to have this policy under the Motor Vehicles Act 1988, if you want to cancel your policy, you need to submit: Paperwork of another insurance provider having taken over your two-wheeler insurance, Proof of your two-wheeler’s registration certificate having been revoked by RTO. Here are the key changes as per the new policy; Comparison between the third party and comprehensive two wheeler insurance policy. No, the premium calculation logic is not the same for commercial and private vehicles. Amount deducted is discounted in the policy. Should you get stuck at any point or want further clarification, you can talk to our experts who will ease you into the process and help you zero in on the plan that suits you the best. Thank you for your interest. In this regard I shall not have Fully or Partially The deductibles are like the helping costs for the insurance companies. +91-124-6174720, Extended Warranty Although the insured has not made any claim in the policy period, they are awarded the NCB discount in the premiums when renewing the policy. The cover type and the premium amount for the bike insurance policy is dependent upon the coverage plans you select. But now it is a quick and hassle-free process of just sitting at your device and fulfilling the essential details asked online. While opting for 2 wheeler insurance, one has to choose between the comprehensive and third-party policy. Paying for the premium of bike insurance online is through most reliable sites and trusted modes as well. ●  Driving license copy The policyholder and insured vehicles are not covered under this. If the policy is expired, even with the benefit of NCB accumulated, insurance firms are not liable in case of any accidents to the expired insured vehicles. Read more. The add on provides you 24*7 support in any roadside assistance situations. The two wheeler insurance market is adding new terms and conditions with each passing year. Documents required for two wheeler insurance renewal are: All these documents are to be submitted along with the insurance renewal form. Quick renewal. Without this add-on coverage, the claim is not provided to the insured. Short term two wheeler insurance was valid in India till 2015. ✓    In case of Property damage - An inspection officer’s report from the motor accident claims tribunal, original bills and surveyor’s report to make an estimation of the loss incurred to the third-party property will be needed to be submitted. 1800-103-2529, 24x7 Roadside Assistance Bajaj Allianz offers a quick Two-Wheeler Insurance renewal online. You can now view, print, or download your bike insurance policy online. Images used on this website and the models photographed in them are for representative purposes only and The benefits and the level of security add-on lend to the policyholder negates the amount of extra premium is seen as minimal in comparison. Under the Bike insurance policy, compensation will be paid under the condition of accidents leading to injuries, permanent disability of any body part, or death. Very user friendly, easy to use and quick response on CHAT and completed the online process while chatting. A third party is also known as ‘act only’ insurance and is compulsory for everybody under two wheeler insurance. The policy offers you comprehensive protection for your scooter or motorcycle and offers a range of key benefits and add-on covers. The premium for a two wheeler is discounted under the NCB discount rate every year. There are several cases of damage claims of the bike. and conditions, please read sales brochure/policy wording carefully before concluding a sale. Zero depreciation cover is for both new and renewed two wheeler insurance policies. false. The time gap between the policy expiration and the renewal of the policy is known as the Break-in period. You also do not have to worry about the exceptionally high costs that may arise due to … NCB, referred to as No Claim bonus, is received by the insured in case they do not seek a claim during the bike insurance policy period. When the claim is registered against any damage. Insurance policy status can also be checked via VAHAN e-Services. Digital payments will reduce premium as a discount, and if the limit of the third party policy is increased, the premium is reduced. Some of the most frequently used add ons are: Pradhan Check with our network garages for getting benefits of cashless claims. Thank You for Your Interest in Bajaj Allianz Insurance Policy, A Customer Support Excecutive will Factors to consider before Insuring an old bike are: Documentation record is the base of the bike insurance online. Bajaj Allianz Long Term Two Wheeler Insurance Policy; OK Cancel. A comprehensive car and two wheeler insurance plan offers better coverages that you can hope for. 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