Car Insurance is a contract you and your insurer enter into, to protect you from financial damages caused by unforeseeable circumstances like accidents, theft, and even natural calamities. The Government of India has made it mandatory for all car owners to have a third-party car insurance policy. This policy covers the damages caused to life and property of individuals, other than you, affected by an accident your car unfortunately becomes a part of. The other most common form of insurance is Comprehensive Car Insurance. It helps you cover majority of the liabilities you might attract if your car gets damaged in a social unrest, natural calamity, or even gets stolen in a case of theft.
As a car owner, it is important for you to have the right car insurance policy. When searching for car insurance online, make sure you completely understand the nature and terms & conditions of the policy. Bajaj Allianz Team is here to help you navigate the journey of having our own car insurance with a seamless process.
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Buying a car is one thing and maintaining it is something that is completely different. The roads are some of the most uncertain places, where negligence, ignorance, carelessness or just sheer bad luck can bring about a lot of consequences to you and your car.
And as a car owner, these consequences do cost you a lot. From a small dent on the trunk to major accidents and natural disasters, a car on the road is subjected to diverse threats on a daily basis. Moreover, money is involved in every stage of the car’s recovery and safety. That’s why a car insurance policy becomes inevitable in today’s day and age.
If you haven’t taken four wheeler insurance for your car yet or if you’ve just bought a new car and are looking for a car insurance policy, here are some extensive reasons you should get one today.
Apart from accidents, cars can be damaged due to natural disasters, natural instances or their own technical glitches and malfunctions. Regardless of the reason, expenses are involved in getting the car serviced. That’s why it’s ideal to buy a car insurance as it covers damages arising due to uncommon reasons.
A car is a machine that is subjected to technical issues. A car gone out of control is a threat to civilians and public properties. If there has been an accident with you on the driver’s seat, you are bound to compensate for the damages caused. If you have a car insurance policy, your insurance company would take care of the expenses.
Having a four wheeler insurance is like driving with a lifeguard. There is a backup you have to cover the expenses incurred due to car accidents. A proper car insurance policy also compensates for permanent disability arising due to a car accident. This is an ideal financial support that is inevitable for families.
If you are a car owner, you should mandatorily have a minimum of a third-party car insurance according to the Motor Vehicles Act. Failing to have is an offence and you could be penalized for it when caught.
Apart from the benefits you just saw, you could include add-on benefits such as zero depreciation cover, consumables cover, breakdown assistance, conveyance benefits and more when you buy car insurance. This only makes your policy more airtight.
An extensive online four wheeler insurance policy also allows you to experience benefits like coverage of personal baggage theft/damage, paperless-digital insurance applications and processing, online claims, spot services and more.
There are several reasons to choose Bajaj Allianz Car Insurance:
|Key Feature||Bajaj Allianz Car Insurance Benefit|
|Cashless Services||Across 4,500+ Network Garages|
|Cashless Hospitalization||Across 6,500+ Hospitals|
|Time to Get a Car Insurance||Less than 3 Minutes|
|No Claim Transfer Bonus Transfer||Yes, up to 50%|
|Tailored Add-ons||7+ Including Engine Protector|
|Claims Process||Digital - Within 20 Minutes|
|Claims Settlement Ratio||98%|
|On-The-Spot Settlement||Yes, Through Caringly Yours App|
A four wheeler insurance is inevitable. If you’re looking for an ideal car insurance policy, Bajaj Allianz offers you three types of car insurance policies to choose from. Car insurance prices vary depending on their type. Based on your requirement and budget, you can choose the one that is most appropriate to you.
Let’s look at some of the types of car insurance we offer.
This is the most complete and airtight car insurance policy you could get for your online four wheeler insurance. Apart from third-party liability, comprehensive car insurance covers own damages expenses such as burglary, explosion, flooding, water clogging and more.
A comprehensive car insurance policy offers you the liberty to include add-ons to your policy and bring in a range of extensive benefits for the protection of you and your car. This includes engine protector, personal baggage, zero depreciation, accessories cover and more.
This is the ultimate online four wheeler insurance that gives you a holistic protection from all forms of threats, dangers and consequences.
This is the most basic and mandatory car insurance policy you can take for your car. When you third party car insurance, you are letting us – your insurance company – take care of all legal obligations that could arise due to an accident caused by you. Your insurer will compensate for the financial losses you incur due to your accident that could be death, injury, disability, or damage to third-party life and property.
As far as the pricing of the premiums are concerned, it depends on your engine capacity. Take a look at the chart below to get an estimate of your monthly premium.
|Engine Capacity||Third-party Premium for Renewal||Third-party Premium for New Vehicle|
|Above 1,000CC and Below 1,500CC||Rs.3,221||Rs.9,534|
|Above 1,500CC||Depending on IDV||Depending on IDV|
When you buy car insurance, you could also look for a standalone car insurance. The expenses you incur in recovering your car from any damages to your car is covered under a standalone car insurance. There are three types of expenses you can cover with this type of insurance:
One of the primary aspects you should understand is that a standalone car insurance does not cover any third-party liabilities. It is not comprehensive car insurance either. This is just to protect your wallet (and your car) from damages.
As you know, third-party insurance is mandatory for your car. Once you have this insurance, you could opt for a standalone insurance for your car. Similar to your comprehensive car insurance, you could also include add-ons to further make your insurance airtight.
The following expenses or damages are not covered under a standalone car insurance –
Like any other car insurance, you can buy standalone car insurance online in a few simple steps. So, if you’re looking to buy a standalone car insurance, go for one today.
Like the name suggests, this type of car insurance policy lets you pay a premium that is based on the number of kilometres driven. This is a new class of motor insurance policy that requires you to estimate the amount of kilometre you intend to drive or are most likely to drive during your premium tenure.
This is highly beneficial for you if you don’t use your car frequently and would like to keep car insurance prices at bare minimum. There are three slabs you are required to declare one from - 2,500km, 5000km and 7,500km.
It’s simple to buy car insurance that is usage-based and all you have to do is go to the website or an app and select usage-based motor insurance option to get your car insured in three minutes.
Car Insurance Covers After IRDAI’s New Rule
IRDAI announced a new regulation with respect to car insurance covers that came into effect August 1, 2020. According to this new rule, general insurance companies were asked to withdraw insurance packages that were long-term (3 to 5 years) on third-party liability and own-damage.
This regulation arrives modifying the announcement in 2018 that was made in favour of long-term packages. This move ensures that car owners now incur less expenses when they buy car insurance online and save further on their monthly premiums.
Here’s a table that explains the new regulation in detail.
|Insurance Package||IRDAI 2018 Regulation||IRDAI 2020 Regulation|
|Long-term Package||3 Year Third-party and 3 Year Own Damage||Scrapped|
|Bundled Package||3 Year Third-party and 1 Year Own Damage||Retained - 3 Year Third-party and 1 Year Own Damage|
|Basic||3 Year Third-party only||Retained - 3 Year Third-party Only|
Each car insurance policy covers a range of standalone and overlapping features. Depending on your requirements and budget, your policy coverage would change accordingly. Here is a comprehensive outlook of the plans and features covered.
|Insurance Package||Pay-As-You Go||Third-party Liability||Comprehensive|
|Expenses on 3rd Party Vehicles||Yes||Yes||Yes|
|Expenses on own car damage||Yes||No||Yes|
|Damage due to fire||No||No||Yes|
|Damage due to natural disasters||No||No||Yes|
|CNG Kit Coverage||No||No||Add-on|
While this may give you an overview of car insurance coverage, you should always check with insurance providers, to know more about your desired policy. Also, to peruse the detailed list of inclusions & exclusions, refer to the car insurance policy wordings.
There have been quite misconceptions around personal accident cover being mandatory. So, let us shed some light on this.
According to the Motor Vehicles Act of 1988, car owners and drivers are mandatorily required to have third-party liability insurance as a minimum car insurance policy. Like you know, this covers expenses on 3rd party lives and property damages because of an involvement in an accident.
However, what also needed attention was the losses car owners or drivers incurred because of the accident. From car damages to bodily harms of drivers, the expenses were significantly high for them as well.
To decrease the financial burden for car owners and drivers, it was made mandatory for owners to have personal accident cover as well. From January 2019, the Motor Vehicles Act made it compulsory for car owners to include personal accident cover in their policy.
There are two major changes implied -
Regardless of which car insurance policy you choose, you can include personal accident cover in your policy seamlessly.
If this is the first time you are getting a care insurance policy or if you’re looking for the most suitable policy, it is vital that you completely understand the differences between a third-party policy and a comprehensive car insurance policy. The table below distinguishes between the two across several crucial factors that would help you take the right decision.
|Factors||Car Insurance Third-party||Comprehensive Car Insurance|
|About||The foundational car insurance policy that only takes care of the liabilities arising due to a car accident. This includes the damages you cause to third-party lives and property.||The most extensive policy that factors some of the most prominent expenses you are likely to incur during a mishap.|
|What It Covers||It covers damages caused to people because of your accident and damages to 3rd party property and materials because of your car.
It also includes a mandatory personal accident cover to take care of your expenses on personal injuries arising due to an accident as well.
|It includes third-party coverage plus coverage on expenses you incur for the servicing or repairing of your car.
Also covers expenses on damage to own car due to natural disasters or undesirable activities like flooding, theft and more.
|Benefits||You don’t have to shell out money from your wallet for 3rd-party settlements for accidents involved.||You don’t have to shell out money from your wallet for 3rd-party settlements as well as the recovery of your own car and health.|
|Limitation||It excludes the expenses you would incur on your car’s recovery.||It is comparatively more expensive than your 3rd-party insurance policy.|
|Add-ons||No option to include add-ons||It gives you the liberty to tailor your insurance policy according to your needs. You could feature add-ons such as depreciation shield, engine protection, conveyance and more.|
|Premium Charges||IRDAI governs the policy pricing based on the engine capacity of your car.||Comparatively higher and dependent on your car’s model, brand, usage and more but offers complete protection against all forms of threats.|
|Bajaj Allianz Recommends||3rd-party insurance if you drive occasionally or own an old car||Comprehensive insurance if you are a frequent or an everyday driver and require extensive coverage. If no claims have been made in your tenure, you can also opt for a No Claims Bonus in the end.|
|Get a Quote||Get a Quote|
While it is important to know what features are included in four wheeler insurance, it is equally vital to understand the exclusions so you are always on the safer side of your financial conditions. The following features are excluded from a car insurance policy –
|Car Type||Ideal Car Insurance Cover|
|Old Car (> 5 Years)||Third-party Cover|
|Pre-owned Car||Comprehensive Cover|
|Car Prone To Frequent Floods||Comprehensive Cover + Engine Protector Add-on|
|Car Used For Long Distance Driving||Comprehensive Cover + 24X7 Spot Assistance Add-on|
|Luxury Car||Comprehensive Cover + Add-ons (Depreciation Shield + Engine Protector + Consumables Expenses)|
|New Car||Comprehensive Cover + Depreciation Shield Add-on|
So, you have finally bought your dream car. You have insured it as well. You finally drive your car down to your office to share this pleasant news with your colleagues and friends. Just then a friend of yours asks you about the premium you pay every month. And when you share, he reveals that his premiums are comparatively lesser in price. Both of you have bought a car at similar times but you end up wondering how the difference in premiums stems in the first place.
It’s simple. Car insurance prices are not generic. Meaning, insurance companies do not offer a one-size-fits-all policy to their customers. A lot of factors go into consideration that directly affect or influence how much you pay as a premium for your car’s insurance.
To give you a quick idea, here are some of the most prominent factors considered.
The make and manufacturer of your car are important factors that affect your car insurance premium. Car insurance companies maintain a separate report of claim ratios of diverse car manufacturers and their models. This is a crucial factor as car models with more claims ratio usually tend to have higher premiums.
Also, high-end and luxury cars have a significantly high four wheeler insurance premium when compared to their mid-range and low-end counterparts.
Apart from this, your car’s fuel type and accessories (or modifications) also affect your premium rates. Your insurance premium is likely to be higher if your car runs on diesel or CNG. As far as modifications are concerned, they are generally not included in an insurance policy. And you would end up paying more if you intend to insure them as well. This includes spoilers, rails, paint job and more.
Your car has a market value set by your insurer. This is called an Insured Declared Value or IDV. Due to the regular wear and tear of spare parts and your car caused by ageing, your car loses its market value with the passage of time. This in-turn reduces your car’s IDV.
This IDV has a direct influence on your four wheeler insurance premium. The more your car’s IDV, the higher the insurance premium.
The general formula to determine your car’s IDV is this –
Insured Declared Value = your car manufacturer’s listed price or selling price – your car’s depreciation.
To the formula, add the costs you incurred in getting car accessories to your car’s selling price if you have modified your car.
To help you understand better, here is a table that shows in detail the depreciation percentage with respect to the increase in the car’s age.
|Car’s Age||Depreciation %|
|< 6 Months||0|
|6 Months – 1 Year||5%|
|1 – 2 Years||10%|
|2 – 3 Years||15%|
|3 – 4 Years||25%|
|4 – 5 Years||35%|
|5 – 10 Years||40%|
|> 10 Years||50%|
Where you live or buy a car immensely influences your four wheeler insurance premium. If you live in a zone or city with prominent traffic, you are more likely to pay a higher premium. That’s why premiums tend to be higher in metropolitan and tier-2 cities, where traffic is usually high.
The type of insurance policy you have availed for your car has a direct impact on your insurance premium. If you have chosen a basic car insurance policy like third-party insurance, your premium will be low. And if you choose a comprehensive four wheeler insurance with add-ons to ensure maximum risk coverage, you are bound to pay a higher premium.
Also called add-ons, these are additional benefits you attribute to your car insurance for maximum benefits. Generally, add-ons address specific and unique aspects of car protection that are not included in an insurance policy. If you opt for engine protector, personal baggage protection, key and lock protection, 24/7 spot assistance and more to your car insurance, your premium will be higher.
A No Claims Bonus is also known as an NCB. This is offered by your insurance company as a reward for not availing an insurance amount for a specific period of time. Depending on your insurer, this duration varies. This bonus only increases with the increase in the number of years you haven’t claimed any insurance. And this bonus can fetch you discounts on your four wheeler insurance premium, thereby decreasing the price you pay every month.
For instance, if you don’t claim insurance for two consecutive years, you are likely to get a discount of up to 25% on your insurance premium. To get an extensive idea about No Claims Bonus, check out the table below.
Voluntary excess is when you step forward to pay extra for your car insurance to share a portion of your car’s risks. In voluntary excess, you voluntarily pay excess to your car insurance policy so that when you have to make a claim, this amount is deducted by your insurer and the remaining amount of your claim is taken care of by your insurance company. This is otherwise called deductibles. For instance, let’s assume you buy car insurance online. When buying you have paid a voluntary excess of Rs. 4500. Now when the value of your claims is Rs. 9000. Your insurance company will bear the half of the value and you the other half. The benefit of availing a voluntary excess is it allows you to get discounts on your car premiums. So, depending on this, your four wheeler insurance premium would be higher or lower. Depending on how much you have paid as an excess voluntarily, you are eligible for a specific discount slab. The table below gives you a holistic view of this.
|Rs. 2,500||20% discount on premium (up to Rs. 750)|
|Rs. 5,000||25% discount on premium (up to Rs. 1,500)|
|Rs. 7,500||30% discount on premium (up to Rs. 2,000)|
|Rs. 15,000||35% discount on premium (up to Rs. 2,500)|
Anti-theft features include any security systems or digital locks installed for an added layer of your car’s security. When you have such accessories installed, your four wheeler insurance premium is more likely to go down.
There are several discounts which you can avail from your four wheeler insurance provider. When you avail such discounts, your premiums are bound to reduce comparatively. With Bajaj Allianz, you can avail the following discounts when you -
With our quick and simple car insurance premium calculator, you can get car insurance quotes online in seconds. To know your premium amount, just follow the steps below.
Head to our car insurance calculator
Enter your name & provide additional details like your existing Bajaj Allianz policy and your contact details
Provide the registration number of your car or specify it’s a new car if your car is yet to roll out. Specify details of your car’s make, model and variant
Mention the geographical location of your car’s registration and specify the date of registration. Mention your pin code
Your premium would reach your email address instantly
The internet is all about experiencing convenience. The technological advancements in recent times have allowed mankind to operate vehicles from remote places and send rovers to distant planets. Buying car insurance online is not a big deal. It’s easy, user friendly and allows you to avail one in minutes.
If you have been apprehensive about buying a car insurance online, let us remind you that buying online is one of the simplest and quickest ways to insure your car. To help you get a better idea of how convenient it is. Here are some benefits of buying car insurance online.
Deciding on a car insurance policy is as difficult as deciding on a car. From one showroom to another, you walk around for the best price, offers, specifications, preferred colour, deals and more and finally zero-in on one. Buying four wheeler insurance is similar to this.
You explore multiple options – from the basics to comprehensive car insurance policies with add-ons – you extensively check out plans, calculate premiums, look for discounts and more before deciding on one.
But this complexity in finding a car insurance policy is simplified by the internet as it allows you to compare car insurance policies simultaneously under your preferred parameters and instantly get an idea of which policy makes more sense and affordable. This way, you avoid going from one provider to another in search of savings and benefits.
Though an agent can offer you the details, there could be times they are biased as well. So, a computer-generated quote with no agenda is what you need. This makes buying car insurance online an ideal choice.
Like we saw, a four wheeler insurance policy is very subjective and depends on a lot of factors. From generic ones like your car manufacturer and modifications to personal decisions like options for specific add-ons and discounts, you need to tailor your insurance policy.
And buying a car insurance online is the simplest way to get an insurance policy. By simply checking on boxes and features, you can customize your insurance policy, modify add-ons and requirements, generate quotes and checkout to buy your insurance policy online.
As far as buying car insurance online is concerned, what you see is what you get. All charges are marked on your quotes and there are no last-minute hidden charges that suddenly pop out of nowhere. You always know how much you would pay and the benefits you get for what you pay before you buy a car insurance. Besides, reading through the terms and conditions are also simple and there are several audio-visual elements to explain complex insurance-related concepts.
Imagine you are on your way home in a cab and your car is about to arrive the next day. You immediately pull out your app or a website on your smartphone and get car insurance in a few minutes before you reach home. Buying a car insurance online is as convenient as it gets because regardless of where you are, you can get car insurance almost instantly.
Like we mentioned, you won’t be subjected to an agent’s bias when buying a car insurance online and regret later. With online facilities, you directly interact with your service provider and every little detail you need to know to buy insurance is provided to you. You can make informed decisions without an agent and walk away with an insurance policy that only works in your favour.
One of the best benefits of buying car insurance online is that you can validate your insurer’s credibility. You can explore your insurance provider’s website and review portals to look for their settlements ratio and records and see in detail how they assist their customers when it comes to claims and support. Depending on reviews and records, you can make a wise choice of going ahead with them or checking out more options.
Online policies are as legitimate as traditionally-purchased policies. When you buy car insurance online, your copies are immediately sent to your email address you specify and become valid the moment you make your payment. You can then take a print out of your paper and document them for use. With online insurance, there is no need to feel paranoid at all.
Once you make your payment, all you need to do is head to your email inbox. You would see your car insurance policy waiting right there for you. You can check for the details and print them out for use. No hassles. No interruptions. Buying car insurance online is the best.
Imagine protecting your car and your environment from risks. That’s what happens when you buy car insurance online. There is no form-filling involved, no document submission and more. You mention your details, upload documents, and the policy reaches you as a document. End of process.
With Bajaj Allianz, you can get car insurance online in just five simple steps.
Specify the details of your car such as its model and manufacturer, variant and city
Choose your plan that best suits your needs
Mention the details of any existing insurance policies such as its validity, any claims made and no claims details
Your quote is automatically generated. If you have opted for a comprehensive plan, you can include add-ons for further protection, mention your car’s IDV and see the overall price for your premiums
Simply make the payment and instantly receive your insurance on email in seconds
Buying car insurance online is as simple as that.
The moment your car insurance is live and valid, you are eligible to make claims when an accident happens. In simple words, a motor insurance claim is when you ask your car insurance company to take charge or compensate for the damages caused due to an accident. Depending on the inclusions and exclusions in your plan, your insurer will back you up financially.
As far as third-party insurance is concerned, claims are when you call your insurer to represent you or intervene for settlements to the damages caused because of your accident to a third-party. This may be damages to life or property.
There are two types of insurance claims - cashless claims and reimbursement claims. Let’s look at both in detail and their distinct procedures.
In a cashless claim, you don’t have to pay for the recovery of any damage to your car out of your pocket. Your insurance provider will pay for the damages directly to your garage or workshop and take care of the entire recovery process as specified and mentioned in your car insurance policy.
Availing cashless insurance claims is easy. Simply follow the steps mentioned below:
In this, you have to shell out money from your wallet to recover the damages to your car. Your insurance company then intervenes and reimburses the expenses you incurred in the process after successful verification of documents and coverages.
Here’s how you can avail reimbursement claims:
This is the latest offering that has been made seamless because of tech intervention. OTS stands for On-The-Spot and like the name suggests, this allows you to make spot claims of your insurance.
Yes, with the OTS feature, you can now avail claims of up to Rs. 30,000 on the spot and get the amount transferred for services and recovery in 20 minutes or less.
How to Avail OTS Claims?
All car insurance policies have a specific duration of validity and you have to be mindful of your plan’s expiry date. This is because when your four wheeler insurance policy is expired, you are completely vulnerable to the risks involved. To secure your car and your financial standings from taking a dent, you need to ensure your insurance policies are renewed consistently. For those of you who are new to this, driving without a valid insurance is an offence as well.
So, car insurance renewal becomes all the more crucial. However, renewing your insurance policy shouldn’t be complex as you can do them instantly online. Here are some benefits you experience when you renew car insurance online.
Similar to buying a new car insurance policy online, renewing one is time-saving, too. In just a few clicks, you can renew your policy and get it delivered directly to your inbox.
If you require a different plan because your car has become old or if you intend to pay lesser premiums, you can do them seamlessly when renewing online. From customizing your plan to modifying existing plans, renewals can be done in the simplest of ways.
When you renew, you also get to avail your no claims bonus if you haven’t availed an insurance during your previous tenure.
Because you are extending your collaboration with your insurance provider, you also get added perks and bonuses for your continued patronage and support.
If you have any questions about your car insurance renewal or looking for better and more ideal plans, you could get in touch immediately with your insurance company’s experts and get your questions answered. Better decisions are just a call away.
Online car insurance renewals are safe and convenient. All you have to ensure is that you are renewing through a verified or credible website. The best options would be to go to your insurance provider’s official website or an app.
Similar to your brand new car, a pre-owned car requires a substantial insurance policy as well. But there are several overlapping layers attached to this as the previous owner of your car would have already gotten a valid car insurance online. If there exists an insurance, get it transferred to your name. This happens in less than two weeks.
So, when you intend to buy car insurance online for your pre-owned car, ensure to look at the following factors.
Old cars deserve equal amounts of attention and protection as do new cars. If you have purchased an old car or if you are looking for a solid insurance policy for your old car, you can get car insurance online. But Bajaj Allianz recommends paying attention to three major factors when you buy car insurance online for your old car.
Check them out below.
Because you have an old car, its usage would depend on your very specific needs. So, we recommend getting an appropriate insurance policy according to your car usage requirements. If your driving is restricted to weekends or occasions, we suggest you third-party insurance which is a basic insurance policy.
If you intend to use your old car frequently and wish to have added benefits and protections for it, you could go for a comprehensive plan with add-ons.
Insured Declared Value
Or IDV, it stands for the value of your car at a given point of time. Since your car is old, your IDV is bound to be low as well. This further means that you will pay less premiums for your insurance policy. However, you could opt for add-ons and optimized protections for your car and get an insurance policy accordingly.
We have been constantly mentioning add-ons for your old four wheeler insurance policy. By add-ons, we refer to the additional and option protections and coverages your old car could benefit from. There are coverages that take care of expenses arising out of consumables, engine malfunctions, personal baggage losses and more. We suggest you look for options and decide accordingly. Also, because your car is old, some add-ons cannot be included as part of your policy. This includes zero-depreciation shield as your car has already exhausted the slab of five years.
When you buy car insurance online, ensure you have the soft copies of the following documents in hand to seamlessly complete the process in minutes -
Also known as bumper to bumper cover, this is an add-on you could add to your comprehensive car insurance policy. To understand what zero depreciation is, let’s first look at depreciation. Read more
Also known as bumper to bumper cover, this is an add-on you could add to your comprehensive car insurance policy. To understand what zero depreciation is, let’s first look at depreciation.
Cars are highly valuable until you purchase. From the time you purchase, your car is subjected to depreciation, which means that it is losing its value in the market as it gets older. Not just the car but the spare parts powering your car as well. That is why older cars have a low pricing in the market than their recently-purchased counterparts.
With the zero depreciation add-on, what you are basically doing is nullifying the depreciation associated with your car. This means that your car, technically, does not lose value in the market as the depreciation of your car is not considered by your insurer.
So, when you claim your insurance, you receive full value for your car and all of its spare parts. Bumper to bumper cover incurs the most expensive premium and is worth every penny shelled. We highly recommend this add-on especially if your car is less than 5 years old.
Engine is one of the most crucial parts of a car. Unfortunately, however, the expenses you incur on the damages to your car’s engine is not covered under standard car insurance policies. Being one of the most Read more
Engine is one of the most crucial parts of a car. Unfortunately, however, the expenses you incur on the damages to your car’s engine is not covered under standard car insurance policies. Being one of the most expensive parts for servicing, you end up spending more to recover your car’s engine from a malfunction or an accident.
That’s why the engine protector add-on is the most ideal solution to feature in your insurance policy. It covers expenses arising due to water ingression, oil leakage, hydrostatic lock and more. This helps you save up to 40% of the amount you would spend on getting your car’s engine fixed.
24/7 Spot Assistance
One of the most helpful add-ons for your car insurance, this ensures you are never stranded on the road due to any concern associated with your car. Our team is just a call or a click away to assist you or get to Read more
One of the most helpful add-ons for your car insurance, this ensures you are never stranded on the road due to any concern associated with your car. Our team is just a call or a click away to assist you or get to you to help you deal with a car situation regardless of where you are stuck in India.
So, no matter if you have to get a tire changed, or have an expert look into your car’s engine or need assistance in settling an accident, you can reach out to us at any time and we will be there by your side in a very short duration.
Key And Lock Replacement
Car keys are some of the most misplaced items in the world. From forgetting them at a restaurant to losing them at your own home, car keys are easily overlooked. Sadly, there are expenses involved in Read more
Car keys are some of the most misplaced items in the world. From forgetting them at a restaurant to losing them at your own home, car keys are easily overlooked. Sadly, there are expenses involved in getting new keys for your cars as it’s not just the key that has to be replaced but the entire locking system as well.
That’s why this add-on is here to reduce the expenses you are likely to incur because of misplaced or lost keys. We take care of the entire purchasing and replacing of your car’s lock and keys.
Like we said, buying a car and maintaining a car are two different things. There are frequent expenses involved when it comes to the maintenance of your car. From servicing spare parts to replacing them, Read more
Like we said, buying a car and maintaining a car are two different things. There are frequent expenses involved when it comes to the maintenance of your car. From servicing spare parts to replacing them, there are expenses surrounding your car all the time. And we are not even talking about the different types of car oils that need to be changed every now and then and during an accident.
With the consumable expenses coverage, you can let us take care of the expenses involved in the use of consumables for your car at the time of servicing or post-accident.
Consumables expenses involving
A car is your personal and private safe where you leave your belongings inside until your work outside is done. From laptops and expensive gadgets to money or money’s worth of valuables, Read more
A car is your personal and private safe where you leave your belongings inside until your work outside is done. From laptops and expensive gadgets to money or money’s worth of valuables, you keep materials inside your car very frequently.
But this is not without its threat, where it is subjected to instances like thefts and burglaries especially when you leave your car in less populated avenues or remote places. That’s why the personal baggage add-on protects your personal belongings and covers the loss you incur because of damage or their theft from the car.
Another highly convenient add-on, where we take care of the little yet significant concerns you are likely to face in your everyday life post an accident. Read more
Another highly convenient add-on, where we take care of the little yet significant concerns you are likely to face in your everyday life post an accident.
When your car is getting repaired in a garage and after your claim is accepted by us, this add-on ensures you get paid from us for your everyday commute. With this, you don’t have to worry about burning a hole in your wallet for the daily cab or transportation charges you are likely to pay during your car’s servicing.
Set Renewal Reminder
Thank you for your interest. We will send you a reminder when your policy is due for renewal.
It is absolutely vital that you renew your expired four wheeler insurance as early as possible. Like we saw, the primary reason for this is to avoid legal complications as it is illegal to drive without a valid insurance policy.
Apart from this, there are two major reasons you should renew your car insurance immediately –
To Avail Your No Claims Bonus
When you don’t renew your policy, you will lose out on your no claims bonus you are eligible for. Your bonus accumulates over the years to fetch you good discounts and other benefits. If you don’t renew, they would lapse.
Without a car insurance policy, you should bear the financial burden that stems out of misfortunes like accidents or damages to your car. You will have to pay from your savings or pocket for the recovery of your car. To prevent financial burden of any sorts, renewing four wheeler insurance is highly recommended.
You can renew car insurance online seamlessly.
(Based on 18,050 reviews & ratings)
Siba Prasad Mohanty
The vehicle was used by our Zonal Manager Sir. We appreciate the timely and speedy action initiated by you in getting the vehicle ready for use within short span of time. The action has been appreciated by all.
“A range of options to choose from.”
Being a perfectionist, I prefer the best of everything. I wanted my car insurance policy to be airtight as well. With the add-ons and comprehensive plans,...
“OTS claims was a blessing in disguise.”
I was in the middle of the road when a mishap happened. With cash crunch, I was looking for ways to get my car serviced without affecting my monthly budget...
The Motor Vehicle Act of 1988 mandates that every vehicle shall have an insurance policy. An insurance policy provides a blanket cover protecting you from losses, accidental, theft, or otherwise. Additionally, car insurance also compensates for damages to co-passengers and other vehicles.
The first time offence of driving without car insurance levies fine of INR 2000/- and/or incarceration of up to 3 months. Repeated offence will invite charges of INR 4000/- and/or imprisonment of up to 3 months.
Out of the two types of car insurance, Third-Party and Comprehensive Insurance, the latter covers damages to you, your property, along with damages to the third party (body and property). In contrast, the third-party insurance body injury or death and property damage of the other person.
For better accessibility, customers can avail of Two-Wheeler, Car Insurance, and commercial vehicle insurance online. Following a simple process of submitting the details, you can obtain the final quote before moving ahead. However, the quotes may vary depending on several factors.
Select a reputed insurance provider followed by their claim settlement time and ratio. Check for the added features like garage network, cashless claims, accessibility benefits (online payments and claims). Run a comparative analysis before selecting your ideal insurance provider.
Follow the procedure to get car insurance online:
#1 For new car insurance click on “Get a Quote.”
#2 To renew the existing policy, click on Renew.
#3 Fill in the vehicle and your details.
#4 Select a quote.
#5 Pay the said amount, and the policy will be emailed in the pdf format.
Buying insurance online is akin to shopping from any online store. The product differences apart; the entire process is similar to what you are exposed to with any other domain. With top-notch SSL security certifications, data privacy and security is ascertained.
The online car insurance policy buying process will be over before you know it. This is provided that you have all the documentation and information ready. In this case, it won’t take more than 5 minutes to complete the process.
From the time the inspection request is submitted, it takes 24 hours to process the car insurance claim. After the surveyor’s recommendation, you have 48 hours to visit the website and alter the insurance policy. Failure to adhere will set the process anew.
Your insurance policy is available on the Bajaj Allianz website, and it can be accessed and downloaded with your account details. A coloured or monochrome printout of the policy will be legible and accepted as the original copy.
Well, the answer to this question lies in your policy documents. It is a unique 8-10 digit number provided by your car insurance company. It is generally present in the insurance documents, or on the statements issued by the company.
The paperwork of your car insurance policy contains the data of inception and expiry of the policy. To stay updated about its status, you need to check the date of creation periodically. It is also essential to renew it before expiry.
If you have lost your car insurance policy document, inform us immediately by either contacting the customer service representative at 1800-209-0144 or sending a message via live chat portal on the Bajaj Allianz website.
While buying a car insurance policy online, you will be offered with various payment methods like:
● Internet Banking
● Credit card payment
● Debit card payment
● Online Wallets with UPI Payments
You can switch to a different plan but switching your insurance policy midway is not recommended. However, it is beneficial to switch after 2 to 3 years which can help cost saving by 5 to 15%, depending on the insurance provider.
Contrary to popular opinion, any car that is used for domestic, residential, and social causes, including business purposes is a private car. However, the vehicles that are fitted with a carriage for loading goods for the insured individual or the passengers is not a private car.
Discounts and offers including the Claims Free Experience, Opting Voluntary Excess, Membership with Approved Automobile Associations, and Installing approved Anti-Theft Devices are applicable under private car insurance policy.
In case your car breaks down or meets with an accident in the middle of the road without access to mechanical help nearby, the Roadside Assistance program services are available for the insured under Bajaj Allianz.
Any event that leaves you stranded without adequate help or assistance, like in case of a mechanical breakdown or an accident.
Until and unless you receive the original documents pertaining to the insurance, a cover note is issued to certify the vehicle’s insurance. The agent issues a cover if you wish to take the offline route for getting car insurance.
Over time, any object loses its value perpetrated by factors such as age, damages, wear and tear, among others. Similarly, the reduction in the monetary value of the car due to such factors is called depreciation.
While executing the claim process, every insurance company deduct some amount from the final claim value. The deductible amount varies with the type of vehicle under question. The deducted amount is called a compulsory deductible.
This amount that you agree to pay in the wake of a claim executed by the policyholder. However, this amount is in addition to the compulsory deductible. Higher voluntary deductible means lower premium and vice versa.
In case your driver incurs an injury or loses his life while driving your car, you are liable to pay for the losses to him or his family. At Bajaj Allianz, we will cover the cost for you at an additional premium.
Provided that you state your membership status at the time of purchasing the insurance policy, you are eligible to claim a discount.
For a new car, a minimum of 3 years Third Party insurance policy is compulsory in addition to a 1-year of 3-year Own Damage cover. For old cars, however, a 1-year policy cover is mandated.
Post-expiration, you can do a self-inspection of the car, upload the pictures for the surveyor to review and get an instant online 4 wheeler insurance policy after successful online payment. This arrangement is, however, possible for private insurance and not applicable for TP cover.
Car insurance for a holder of learner’s license is essential; a novice driver might be more vulnerable to untoward incidents. It is possible to buy insurance for a learner’s license holder, but the premium will be higher than the average.
The car insurance policy is applicable for use across the country. However, in case of an address change, it is advised to inform the insurance company to reduce friction in the claims processing, if needed.
Endorsement acts as evidence of the pre-agreed edits or alterations to the insurance cover. Out of the two types of endorsements, premium-bearing invites extra fees for changes in the cover. On the contrary, non-premium bearing endorsements do not include any charge for the same.
You can submit an endorsement request online for a limited number of changes. These include; Address, Car, RTO, LPG or CNG Kit addition, anti-theft devices, policyholder name, car’s engine number, or even the chassis number.
Loading is a type of cost added to the premium amount in the event of renewing the car insurance policy. However, the applicability of this additional amount is subject to the assessment of the policyholder’s risk continuum. In case, the risk is higher than normal, loading is added.
Expanded as No Claim Bonus, this form of arrangement is awarded to the policy owners if they have never lodged a claim on the policy. Consecutive NCBs can lead to discounting the premium amount by up to 50%.
The transfer of the existing insurance policy on your car is possible by an endorsement. To complete the process, you need to submit a copy of the RC (old) and some other essential documents.
You can transfer the No Claim Bonus to the new car insurer with a few easy to do formalities. In addition to this, some insurance providers also allow the transfer of NCB to a different insurance provider.
Yes, of course. According to relations with Car Insurance Company, and an NCB earned through your insurer, we will gladly provide you with new and better NCB offers and discounts. We believe in providing the best service to our customers.
With certain simple steps and easy processes, your Car Insurance online policy documentation is complete. We require no absolute paperwork but, in some instances where VIR is required, satisfactory documents are to be inspected and submitted on demand.
The four wheeler insurance policy can be cancelled after the customer submits a cancellation request. However, it is obligatory to insure your vehicle with another provider before initiating the cancellation process. It is a seven days process, and if there is a premium overdue on the insurer’s side, it will be paid back.
Premiums are refunded with certain conditions and calculations on the pro-rata basis. We recommend you to calculate all short rates before cancelling the Car Insurance Policy because once the Car Insurance Company cancels the Policy, only then the refund is possible.
According to The Motor Vehicles Act, 1988, owners of uninsured vehicles can be charged with imprisonment and/or penalties. With the lapsing of the car insurance policy, all the accrued benefits are also eliminated.
The process of renewing your car insurance online policy is pretty simple. Just visit the Bajaj Allianz website, click on renew, and enter all your necessary details to renew your policy. Some of those essential details are vehicle model, variant, RTO, no claim bonus, type of plan, etc.
Car Insurance is regulated by the Motor Vehicles Act, 1988 which is a nationwide legislation. Seeing to this, any car insurance policy that you purchase will be applicable in pan India provided that you renew it before the lapse date.
A comprehensive car insurance policy covers damages caused due to a variety of risks. This includes cover against collisions, theft, fire, lightning, personal accidents, calamities like earthquakes & landslides, inundation, and even third-party liabilities.
A third party only cover is another type of insurance policy that offers you the minimum level of insurance cover. To obtain the TPO, you can either get in touch with one of our agents or follow the iterative process online.
All the relevant details related to the comprehensive car insurance policy cover can be found on the Bajaj Allianz website’s policy page. To get a more in-depth insight into the terms and conditions, download the policy-specific terms or wordings from the website.
Yes, you can easily buy a standalone own-damage car insurance policy for protecting your vehicle. However, it is necessary for you to have a long term third party insurance policy with Bajaj or any other insurer.
As it is clearly stated that the vehicle’s repair damage is less than your insurance cover, all of the additional amount required to repair your damaged vehicle has to be paid by you as per your car insurance online policy conditions.
There are some conditions in the vehicle insurance policy for which the insured person does not get any claim in case of a mishap. Those conditions are termed as inclusions. If your reason for claiming is in the exclusions section, you will not get the compensation.
If you want to customise your vehicle insurance policy for some extra benefits and protection, opt for the add-on covers. Add-on Covers by Bajaj Allianz includes 24*7 spot assistance, Engine Protector, and Lock and Key Replacement Cover.
Even though our policy provides a blanket cover for the major incidents that a drier can face, apart from this, there are a few instances exclusive to a specific area or region, type of car, and so on.
Add-on covers are always attached to the pre-existing insurance on your car. Thus, you cannot purchase add-ons without first buying a policy cover from Bajaj Allianz.
Add-on covers provide an extra layer of security and safeguards you from additional expenditure due to unprecedented situations. Seeing to their importance, there are no restrictions to buy add-ons over your car insurance policy.
To insure the person driving the car, you need to buy car insurance policy with the Premium Personal Guard policy in addition to the comprehensive policy for your car. This provides a 360° coverage of costs for the losses to the car and the driver.
The personal accident policy or premium personal guard provides you with the option to inculcate the policy coverage for the passengers. In addition to the driver, this policy can insure 1 to 3 passengers.
The Engine Protector Add-On gives you policy coverage for the damages done to the engine. With a small addition to the car insurance online premium, you can get the extra coverage safeguarding from the engine repair expenditure.
In case, the electrical fire is sourced from an accident; then it will be covered under the comprehensive insurance policy.
A bumper to bumper insurance policy ignores the car’s depreciation and provides the absolute compensation of the car at the market value in case of damage or total loss. However, this policy coverage invites a higher premium.
Electronic accessories are all the appliances in the car which run with electricity. Non-electrical accessories consist of car seat covers, wheel covers, mats and others. Both types of accessories can get protection in exchange for some extra premium over and above the standard premium.
Only the company or manufacturer-fitted LPG or CNG kits are included in the Registration Certificate. Bajaj Allianz cannot provide four wheeler insurance coverage for the kit that is not mentioned or addressed to in the RC.
Any sort of additional accessory can get insurance policy coverage subject to a formal request addressed to the four wheeler insurance provider. However, the additional coverage will also lead to a higher premium.
A regular four wheeler insurance policy provides you with an insured declared value of the car in case of a total loss. RTI (return to invoice) is an add-on that provides you with the full (on the road) value of the car in case of theft or loss.
Yes, having two insurance policies for a single car is possible and legal. However, one car insurance online provider will not insure one vehicle twice, so, you need to buy the following policy from a different provider. Having two insurance policies is not recommended.
Third-party insurance benefits the other affected party, but a comprehensive insurance policy will help the primary policyholder (you) recover your losses in case of an accident. A comprehensive car insurance policy ensures financial cover in case of fire, theft, accidents, earthquake, etc.
No, it is not possible to pay the insurance premium in instalments. If you are purchasing a car insurance policy, it is mandatory to deposit the entire premium amount in one go. No insurance provider will accept the premium in instalments.
Yes, the model of your car affects the final acceptable value of your car insurance. This is because the brand and model of your car decides its price and the insured sum in your policy is dependent on the cost of the car.
Yes, the geographical location has an impact on the four wheeler insurance premium. If you live in a densely populated area of the country, the chances of accidents will be more. Hence, the amount of your insurance premium will be proportional to such specific conditions.
When you buy car insurance policy, the final quote can vary because of various factors. Some of the prominent ones are:
● Car’s Model and Make
● Car’s Age
● IDV (Insured Declared Value)
● Add-on covers
● Type of four wheeler insurance cover
● No-claim bonus
● Geographical location
● Cubic Capacity
The procedure to calculate the car insurance premium is pretty simple. Visit the Bajaj Allianz’s website and submit a few details like a car manufacturer, model, age of the car, location, the type of insurance cover along with other details. The website will calculate the premium amount for you.
Yes, the premium of your car insurance will be less if you choose a lower IDV. However, it is not recommended. Low IDV will lead to less premium for your car, but in case of theft or total loss, you will not get the correct market value for your car.
Online payment of four wheeler insurance premium is the most convenient way. In addition to this, there are various modes through which you can pay your car insurance premium online like:
● Internet banking
● Debit card
● Credit card
With the NCB feature, the Car Insurance premium may reduce up to a specific percentage year after year, if no claim is raised. It is certainly proven to be a beneficial factor in the long term Insurance policy with the same company.
The increase in premium is subject to the needs, and it majorly falls within the affordable range. We provide four wheeler insurance policy services stating all add on benefits and factors, specifically suiting your vehicle type, model, age, etc. You can select and apply accordingly.
Staying with a single insurer for several years does not entitle you for a discounted premium Car Insurance policy. It is not incorporated in the policy of the firm, but we offer other benefits which return the favour beneficially.
With your own installed anti-theft device, you provide an extra security blanket for your vehicle. If ARAI approves it, your policy integrity improves, and you enjoy a relatively low car insurance premium and other additional offers and discounts.
Special discounts are specified for ARAI approved anti-theft alarm and locking systems. With the installation of the system, the Car Insurance policy premium is discounted further based on the guidelines of the insurance company. So yes you are eligible for the discount.
The Insurance Regulatory and Development Authority of India has sanctioned 15% of discounted premium rates if you buy car insurance for electric cars in comparison to general private cars. It is under the New Third Party cover premium rates.
Very few 4 wheeler insurance providers offer special discounts for critical illness insurance to differently able insured. Various schemes are introduced by the government, which covers basic medical treatments.
Let us know when you want to raise a claim on 4 wheeler insurance, and we will guide you on each step. Contact on toll-free customer care number, or your insurance agent directly on the number available with you. All the required steps will be detailed and guided.
Steps to initiate an insurance claim:
1. Inform your car insurance company or agent to inform us about your current situation.
2. Source of information could be email, call, text or an online application.
3. Filing an application and providing us with all the required information.
Claims should be registered on the same day as the damage occurs to the insured vehicle. An immediate update with the 4 wheeler Insurance Company will be highly appreciated. Complete the claim application through an online process and let us help you further on.
If you plan to claim the car insurance, do not move your vehicle from the accidental spot until after you have informed the insurance company. Take the pictures as a valid proof for the claim. If you move the vehicle, it may complicate the procedure.
Regular rules of the policy apply even when someone else was driving your vehicle. Act quickly and inform your agent after reporting the accident to the police, so that the car insurance online claim can be processed. Documenting the accident helps in the procedure.
1. FIR filing with the police department nearest to the place of theft occurred.
2. Informing the online 4 wheeler Insurance company and submitting the claim form along with the documents required.
3. The agents allotted in your case will take the procedure forward and assist in claiming the insurance.
Documents such as claim form, Policy number, Details of 4 wheeler Insurance, Policy cover/ note copy of insurance, the original Driving license of the person driving at the time, FIR in case of an accident, RTO intimation theft application, repair bills and payment receipts for repairs and any other documents demanded for the process.
Right after the accident. Filing the first information report with the police is the first step towards the process. It is mandatory either in case of accident or theft of the vehicle. In any situation, keep your car insurance online policy on you or in a vehicle and inform your online four wheeler insurance company.
For not claiming the minimal damage, the additional bonus or discount is accumulated with the NCB, next year. It provides you with minimal cost of the premium on your car insurance policy and lesser repair amounts too. It benefits you in the long term.
The claim will be verified even after the policy expires because the incident which occurred is within the timeline of the car insurance policy. You are eligible for the claiming process, as the claim will be valid with the Insurance Company.
The timeline for a claim to settle is dependent on the extent and type of the online car insurance policy. For a simple damage claim, the process is rather simple and can be settled on the same day. For more convoluted issues, the proceedings can be delayed based on the requirements of the documents.
With the tie-ups with the selected garages, most Insurance companies provide cashless car insurance policies. In this type of policy, the insurance company directly pays the garage for the repairs. But the parts which are not covered under the policy are payable by you.
It is a straightforward process to locate our garages in your current city:
1. Go to our website
2. Go to the options menu > go to the Level 1 option > select Branch Locator
3. Branch Allianz locator > select Find a Network Garage > select Bajaj Allianz map
You can punch your pin code, and our garages will be presented on your screen.
You can, and we will reimburse you for your expenses at the garages of your choices. However, if the customers need our assistance to explore the garages in our network, our team can also provide the pick service.
The Reimbursement claim underlines the process whereby a customer claims the insurance amount after paying himself for the repairs done on the vehicle. The claim amount is reimbursed based on invoices submitted by the customer with the car insurance company.
First and foremost inform the police and document the situation, if you can. In case of an accident, do not move the vehicle and inform the agent or car insurance company to inspect. Documents requested should be submitted depending on the claim.
The term CTL is accorded to a situation when the monetary extent of the loss or damage to your vehicle is higher than 75% of Insured Declared Value or IDV of the vehicle stated in the four wheeler insurance policy.
It depends upon the car insurance company or on the exhaustion of IDV. Further, is the prerogative of the insurance company whether to allow multiple claims or not. More details about the claims are mentioned in the policy documents.
You can contact your car insurance company or your agent to cancel your claim. Your agent will be available to help you through the process. If not this, then you can also use our online services
Contact us on: bajajallianz.com.
Services Chat: +91 75072-45858
Customer care: 1800-209-0144
Personal accident claims can be raised only when you are the owner of the vehicle, driving the car yourself. Also, it applies when the car insurance policy of the vehicle is in your name.
Thank You for Your Interest in Bajaj Allianz Insurance Policy, A Customer Support Excecutive will call you back shortly to assist you through the Process.
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Written By: Bajaj Allianz - Updated: 29th September 2020
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