Top 6 features of motor insurance policies offered by Bajaj Allianz

Know in detail about the top features, coverages and benefits offered by Bajaj Allianz motor insurance policies.
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Top 6 features of Motor Insurance policies offered by Bajaj Allianz
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3 min
15-July-2023

Motor insurance provides financial assistance in the event of any physical damage to your vehicle or bodily harm. It also offers coverage against third-party liabilities. It covers a gamut of circumstances related to your vehicle.

Overview of the features offered by motor insurance policies of Bajaj Allianz

Here’s a quick view of the key features of Bajaj Allianz motor insurance policies.

Features

Specifications

Policy type

Comprehensive insurance

Third-party insurance

Offered

Personal accident cover

Up to Rs. 15 lakh

No Claim Bonus

Up to 50%

Add-on covers

Available

Cashless garages

6,500+


Detailed features of motor insurance policies

Here are six key features of motor insurance policies offered by Bajaj Allianz:

1. Comprehensive coverage

Comprehensive motor insurance covers you and your vehicle against both natural as well as man-made calamities. It offers you complete peace of mind and assures financial assistance against losses due to damage or breakdown of your vehicle.

In addition to natural calamities, it covers man-made calamities like theft, burglary, riots, and strike. You also get additional coverage for malicious acts, or terrorist activity, as well as damage in transit.

Bajaj Allianz offers comprehensive motor insurance coverage for cars and two-wheelers at affordable premiums.

2. Liability only

While the comprehensive policy provides coverage to you and your vehicle, the third-party liability plan covers only external parties. This is a mandatory component of motor insurance in India.

Bajaj Allianz offers liability cover under comprehensive car insurance policy. Bajaj Allianz also offers liability only policies for commercial vehicles such as goods or passenger-carrying vehicles, private and public carriers, and other special vehicle types. But it does not stop just at that. This policy offers personal accident cover for the owner or driver, including accidental death and total disability.

3. Possibility to include add-ons

Add-ons are additional features that you can add to a motor insurance policy to enhance its coverage. Standard motor insurance policies don’t cover mechanical/ electrical breakdown, engine damage, normal wear and tear, consumables, and more. Thus, buying add-ons become very important.

Add-ons can help you reduce these limitations and expand the coverage. Some of the key add-ons are:

Engine protector-

It covers damage to the engine or gearbox, caused due to water ingression or leakage of the lubricating oil.

Key and lock replacement cover-

It provides for the cost of new locks and replacement keys, in the event of irrevocable loss.

Depreciation shield-

It covers the depreciation amount on the damaged parts that needs replacing.

24x7 spot assistance-

It offers benefits such as transfer of occupants, hotel accommodation, repairs, towing the vehicle, replacing flat tyres, and more. If your car is immobilised anywhere, you can get full assistance.

4. Bajaj Allianz DriveSmart service

You can further enhance the safety of your vehicle with DriveSmart telematics service. It monitors driving patterns and the condition of your vehicle's battery and engine. Also, helps you locate and track your vehicle with this device.

With Bajaj Allianz Motor Insurance, you can get maximum support and the widest coverage for your vehicle. They have various plans providing different coverage and options curated as per your need.

5. 24/7 roadside assistance service

The 24x7 roadside assistance service of Bajaj Allianz motor insurance policies provides round-the-clock support in case of vehicle breakdowns or accidents. It covers on-site repair solutions and towing facilities, ensuring prompt assistance during emergencies. Some of the other facilities include emergency fuel delivery, lockout assistance, and alternate transportation arrangements.

6. Cashless claim settlement

Bajaj Allianz motor insurance policies also provide cashless claim settlement service for vehicle repairs and damages. This service allows you to repair your vehicle at a network garage without paying upfront. You only need to raise a claim and get your vehicle repaired at any of the Bajaj Allianz network garages. This ensures a hassle-free and quick claim settlement process.

Documents required to buy Bajaj Allianz motor insurance policies on Bajaj Finance Insurance Mall

You don’t require any documents to buy motor insurance policies on Bajaj Finance Insurance Mall. You only need to keep a few information handy to buy Bajaj Allianz car insurance or two-wheeler insurance policy.

  • Mobile number of the applicant
  • Vehicle registration number and details
  • Previous policy number if renewing motor insurance
  • Residential PIN code

Frequently asked questions

What is a motor insurance policy?

A motor insurance policy is a type of insurance policy. Motor insurance provides financial coverage to the policyholder against damages caused to a vehicle due to various reasons like natural calamities, theft, vandalism, accidents etc. It also offers personal accident cover.

What are the three types of motor insurance?

The three types of motor insurance policies are third-party liability insurance, comprehensive insurance, and standalone own-damage insurance.

  • A third-party insurance covers only third-party liabilities, which means it covers only the damages caused to the third party’s vehicle. It also covers the medical expenses of the third party if caused accidental injury to the third party.
  • Standalone own damage cover provides coverage only for the damages caused to your insured vehicle. You get coverage for damages caused from theft, fire, accidents, or natural calamities.
  • A comprehensive insurance offers benefits of both third-party insurance and own damage cover.
What are the features of a motor insurance policy?

The features of a motor insurance policy include coverage against physical and accidental damage to the insured vehicle, and third-party liability. It also covers accidental death or injury for the owner-driver. You can benefit from the cashless facility offered at network garages. You also get additional services like towing facility, and 24x7 customer support, among others.

What are the advantages of motor insurance?

The advantages of having a motor insurance policy include protection against financial losses in case of damage to the vehicle or third-party liability. It helps to comply with legal requirements and get cashless repairs at network garages. You can also avail add-on covers like personal accident cover and engine protection at nominal prices for extra protection.

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Disclaimer

Description Mandatory Insurance is the subject matter of solicitation. *T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

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