| 1. What does my Bajaj Allianz motor insurance policy cover? |
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| 2. What is a third party risk policy? |
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| 3. Can I cover electrical and non electrical items fitted in my vehicle? |
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| 4. Are the tyres and tubes of my vehicle covered against any damage? |
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| 5. Is my vehicle covered for all purposes other than personal and business use? |
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| 6. What are the additional personal accidents cover for passengers and the driver? |
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| 1. What does my Bajaj Allianz motor insurance policy cover? |
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Bajaj Allianz offers a comprehensive cover that is designed to offer protection to you and your vehicle. The comprehensive cover comprises of:-
a) Damage to your vehicle - The policy covers you against any loss or damage caused to your vehicle or its accessories due to natural and manmade calamities as defined in the scope of coverage:-
| What is covered |
Exclusions |
| Accidents & external damage |
Wear & tear, depreciation, mechanical or electrical breakdown |
| Fire & explosion |
Consequential loss |
| Riots & strikes |
A voluntary excess (if opted) |
| Malicious act |
Other exclusions as per the policy |
| Burglary / housebreaking / theft |
Driving without valid driving license |
| Transit |
The vehicle being driven by a person under the influence of alcohol or drugs at the time of the loss |
| Earthquake |
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| Storm and flood |
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b) Third party legal liability - The policy covers the vehicle owner's legal liability to pay compensation for:-
| What is covered |
Exclusions |
| Legal protection for death or injury claims from third parties, including occupants of your vehicle |
Damage to your personal property |
| Costs and expenses incurred without the prior written consent of Bajaj Allianz |
Legal protection for damage to third party property |
| Personal accident benefits for you, your paid driver and occupants of your vehicle |
Legal costs and expenses |
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Other exclusions as per the policy |
| Protection of your legal liability towards your paid driver |
Liability is covered for an unlimited amount with respect to death or injury and damage to third party property for up to Rs.7.5 lakhs under commercial and private car and up to Rs.1 lakh for two wheelers.
c) Personal accident cover to driver (owner) - The policy provides compulsory personal accident cover for individual owner / driver of the vehicle for up to Rs.2 lakhs for a premium of Rs.100. |
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| 2. What is a third party risk policy? |
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It is mandatory for every motor vehicle owner to get a third party insurance cover. It covers the vehicle owners against Act Risks as per Section 146 of Motor Vehicles Act 1988. The scope of cover of the third party insurance is to pay compensation for death due to bodily injuries to third parties and also damage caused to the property of the third party excluding damage of your vehicle. |
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| 3. Can I cover electrical and non electrical items fitted in my vehicle? |
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Yes. Bajaj Allianz vehicle insurance does provide a cover for:
- Electrical / Electronic fittings in the vehicle - Items like fog lights, music system, AC (if not as a standard fitment), spoilers with brake light (4% of the value of the accessory)
- Non-electrical fittings - Items like mag wheels, seat cover, non-electrical spoiler etc. are covered as per own damage tariff on the value of such accessories
- CNG Kit and Bi-Fuel system (as endorsed in the RC book) - Insured at an additional premium of appropriate loading on the value of such kit
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| 4. Are the tyres and tubes of my vehicle covered against any damage? |
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Any damage to tyres and tubes is not covered unless the vehicle is also damaged at the same time and the liability of the insurer will be restricted to 50% of the cost of replacement. |
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| 5. Is my vehicle covered for all purposes other than personal and business use? |
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Using the vehicle for hire or reward, carriage of goods other than samples, racing or other race related purposes and motor trade purposes is not covered. |
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| 6. What are the additional personal accidents cover for passengers and the driver? |
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The additional personal accidents cover for passengers and the driver are:
- Personal accidents to unnamed / named passengers and paid driver for a max of Rs.2 lakhs per person
- Personal accident cover to paid drivers
- Legal liability to the paid driver employed in connection with the operation of the insured private vehicle
- Legal liability towards your insured employees other than paid driver who may be driving or travelling in the vehicle
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