Bajaj Allianz Bike Insurance Renewal

Having the right bike insurance can save you from huge financial losses. Having an invalid or expired insurance policy can result in monetary fines and even imprisonment in some cases. The Bajaj Allianz two-wheeler insurance renewal facility brings the right bike insurance policy suited to your requirements.

 

A comprehensive bike insurance policy will cover third-party liabilities and any damages to your vehicle. Bikes are constantly exposed to threats like accidents and theft. Hence, you must get your two-wheeler insurance and shield yourself from any financial burden in the future. 

 

Two-wheelers are convenient and economical, being the most popular and most used vehicle. However, riding a bike may not be easy, with it exposed to constant risks such as accidents and theft. Even a slight lapse in your bike insurance policy coverage could mean heavy financial losses. Hence, when it comes to bike insurance, timely renewal is a must!

Moreover, bike insurance not only acts as a financial shield against various risks but is also mandatory by law. Riding an uninsured vehicle could cost you a monetary fine and even imprisonment. Read on to learn the steps for Bajaj Allianz two wheeler insurance renewal.

Key Features of Bajaj Allianz Two-Wheeler Insurance Policy 

Check out some of the key features of the Bajaj Allianz two-wheeler insurance policy:

• Accident coverage

You can reap the benefits of Personal Accident Cover with this insurance policy. It offers coverage of up to Rs. 1 lakh for every driver or owner in cases of mishaps.

• Cashless claim

Bajaj Allianz smoothens the process of claim settlement with its cashless facility. You can opt for the settlement at any of its network garages spread across several parts of the country.

• Add-on covers

You can select some add-on covers to ensure additional protection for your two-wheeler.

• Premium discounts

You are entitled to big discounts of up to 50% on the premium amount in the form of a No Claim Bonus (NCB). If you avoid making claims for a year, you can enjoy the benefits of accumulation of the NCB. 

• Customer support

The company also provides 24x7 customer assistance via email, telephone, etc., to help you with tracking, enquiry, and others.

• Online policy renewal facility

Bajaj Allianz two wheeler vehicle insurance renewal is an easy use insurance renewal facility with its online resources.

Types of Insurance Available

When looking to buy or renew Bajaj Allianz two-wheeler insurance, you can choose from among two main plans available:

Third-Party Insurance Plan

A third-party bike insurance plan is a basic insurance plan that all vehicles need, per the Motor Vehicles Act of 1989. This insurance plan provides financial coverage related to medical and repair expenses to the third party involved in an accident. This insurance does not provide coverage to the policyholder or their vehicle.

Comprehensive Insurance Plan

A comprehensive bike insurance plan provides enhanced coverage to the policyholder and their vehicle, apart from providing third-party coverage. In case you are involved in an accident, comprehensive coverage will provide you protection against financial losses related to the treatment of injuries and vehicle repairs and also provide liability to the third party involved in the accident.

 

Apart from these two types of plans, you can also buy add-on covers for specific coverages on top of your comprehensive insurance coverage.

Inclusions Under the Bajaj Allianz Two Wheeler Insurance Policy

• Loss/damage incurred due to natural calamities

Bajaj Allianz provides coverage for damages caused by unforeseen events like fire outbreaks, lightning strikes, earthquakes, floods, typhoons, hurricanes, landslides, and other natural calamities.

• Theft or total loss of the bike

Human-made losses can be financially burdening. Bajaj Allianz has got you sorted, as it also covers burglary or theft and damages caused to your two-wheeler due to communal riots and other malicious acts.

• Personal accidental coverage

The policy covers the rider and the pillion person from injuries sustained due to an accident. Coverage of up to Rs. 1 lakh is provided to deal with mishaps. You can also opt for some add-on covers for extra protection.

• Third-party legal liabilities

Accidents can damage your two-wheeler and/or cause permanent disability/death of a person. Choose two-wheeler motor insurance to protect against legal liabilities arising from such incidents.

• Repair and replacement expenses

Repairing a damaged vehicle is costly. Add to that the replacement of a particular two-wheeler component (e.g., engine), and the expenses are bound to be sky-high. You are covered for such expenses with certain additions to your two-wheeler insurance.

Exclusions Under Bajaj Allianz Two Wheeler Insurance

• Riding Without Licence

If you raise a bike insurance claim for damage incurred by your vehicle, the insurer will not cover it without a driving licence. If the loss was incurred while riding the two-wheeler without a valid licence, you must take care of the costs from your pocket.

• Damage Incurred Under the Influence of Alcohol or Drugs

Insurance providers will not compensate you for the damage incurred by your bike while riding under the influence of alcohol or drugs. Furthermore, it is advised not to drink and drive to avoid unfortunate mishaps. This will not just put your life at risk, but your insurance plan won't cover the expenses in such cases.

• Speeding

Your bike insurance policy does not include coverage for damage caused due to overspeeding. Thus, driving within the speed limit specified on the road is recommended.

• Staged Accidents

In case you stage an accident, or if the insurer finds the claim fishy, the insurance provider will not cover any losses caused to the vehicle.

• Loss of Vehicle Keys

Another bike insurance claim that the insurance provider will deny is theft due to the misplacement of keys. If you lose your vehicle's keys or accidentally leave them on the bike and it gets stolen, your claim will mostly be rejected.

• Breakdown of Your Two-Wheeler

The insurance company will not cover any mechanical or electrical breakdown. Thus, you must regularly check your two-wheeler for safety purposes. Moreover, ensure you go through the policy documents to understand the terms and conditions of the plan.

• Damage due to Mutiny or War

If your bike gets damaged due to an uprising in your country, the insurer will not cover the expenses. This also includes loss resulting from war, mutiny, terrorism, riots, or political instability.

• Riding outside geographical limits

Any loss or damage to your two-wheeler while driving outside the geographical area mentioned in the policy will not be covered. Thus, ensure to read the fine print and ride within the specified limits.

• Lapsed Policy

Every two-wheeler insurance plan has a fixed tenor during which your vehicle is secured. Once your policy expires, you must renew the bike insurance to gain coverage against unfortunate incidents. If you do not renew the plan and it lapses, you also lose the bike coverage. After the policy expiry, the insurer will not cover any damage incurred by your vehicle.

• Unauthorised Rider

When purchasing two-wheeler insurance, you need to mention the names of all the individuals who might ride your bike. This is because the loss caused to your vehicle by an unauthorised driver will not entitle you to file a claim.

• Using Vehicle for Commercial Purposes

Make sure you only use your two-wheeler for commercial purposes after informing your insurer, as it might lead to the rejection of your claim. Any damage caused due to such activities is not covered.

• Riding Without a Helmet

It is vital to wear your helmet while riding your bike to safeguard yourself from unforeseen incidents. Moreover, loss resulting from not wearing your helmet can enable the insurer to deny your claim.

Add-on Covers

Some add-on covers you can buy on top of your Bajaj Allianz two-wheeler insurance policy include the following -

 

• Flat tyre: If your vehicle develops a flat tyre, your insurer will get a technician to address the issue right away.

• Flat battery: In case of a flat battery, your insurer will offer alternative arrangements to make your vehicle mobile.

• Spare keys: If you lose the keys to your insured vehicle, your insurer will make arrangements to deliver the spare keys.

• Minor repair: Your vehicle might face a breakdown due to mechanical or electrical failure. In such instances, your insurer will offer technical assistance to ensure vehicle mobility.

Steps to Renew your Bajaj Two Wheeler Insurance Policy Online 

Here's how you can get Bajaj Allianz bike insurance renewal online quickly and easily through Bajaj Markets

 

• Visit us on Bajaj Markets online

• Enter the previous policy details

• Enter your personal and bike details

• Website screen will reflect updated premiums charges in the renewal details.

• Make an instant online payment, and you're done!

• Your bike insurance will be active, and you can continue to earn its benefits.

Offline Renewal for your Bajaj Two Wheeler Insurance Policy

You can get Bajaj Allianz general insurance renewal for two wheeler by calling on the toll-free number of Bajaj Allianz Bike Insurance at 1800 209 5858.

 

You can also visit the nearest branch for the renewal. You can use the Bajaj Allianz Locator tool available on their website to find the nearest Bajaj Allianz General Insurance branch and pay a visit to renew your policy.

How to Register a Claim for Two Wheeler Insurance

You can follow the given steps to register a claim for two-wheeler insurance:

 

Step 1: If you get into an accident, you should immediately take it to a garage to examine the damage caused.

 

Step 2: In case of vehicle theft, immediately file an FIR at the nearest police station and secure a copy.

 

Step 3: Contact the insurance company and register a claim with them by providing all relevant information, such as details of the incident, your policy number and details, a copy of FIR, etc.

 

Step 4: Once your claim has been registered, you will be given a Claim Reference Number that you can use to track the status of your insurance claim.

Contact Details:

Here's where you can get in touch with the Bajaj Allianz team in case you need assistance.

 

1. For any Bajaj vehicle insurance-related claims, you can call the customer care number: 1800 209 5858

 

2. You can also connect on their WhatsApp service number is +91 75072 45858

 

3. You can also email them at: bagichelp@bajajallianz.co.in

You can also contact the Bajaj Markets team for Bajaj Allianz Bike Insurance Queries. Here's how you can connect with us should you need any help.

 

1. You can call us on 020-66399444 (Mon to Sat - 10 am to 6 pm) 

 

2. You can write to us at: insuranceconnect@bajajfinservmarkets.in

 

3. You can also login to our Customer Portal - https://www.bajajfinservmarkets.in/cust/#/

 

4. Download the Bajaj Markets App that helps you manage your account and track your applications - anytime, anywhere!