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Bajaj Allianz Car insurance FAQ:

Can I purchase Bajaj Allianz Car insurance online?

Yes, you can purchase Bajaj Allianz car insurance policy online from the online portal online portal by entering the details of your car such as Make & Model, Year of registration, RTO location etc.

Is claim payable if I purchase insurance online?

Yes. Claim is payable if you purchase your car insurance online. Online is another mode of purchase just like offline purchase from agent or through bank. The claim process is made mostly online and hence the need to visit an office at the time of claim would be drastically reduced with the Motor on the spot feature of Bajaj Allianz.

Can I renew my existing Bajaj Allianz car insurance policy online?

Yes, you can renew your existing Bajaj Allianz car insurance online till the vehicle reaches 15 years of age. The renewal process is quite simple which involves the customer to enter the policy details and proceed to payment page.

My car is more than 20 years old; will Bajaj Allianz insure my car?

If the age of your car is more than 20 years of age, please contact the toll free number 1800-123-4003 to get assistance from our car insurance expert. Four wheelers aged above 20 years would be insured after satisfied inspection report.

How is the claim settlement ratio of Bajaj Allianz?

The claim settlement ratio of Bajaj Allianz is 98%* which is considered as the best claim settlement ratio in the insurance market. The claim settlement ratio would change from time to time and the high settlement ratio indicates the high chance of your claim getting settled.

What are the advantages of Bajaj Allianz car insurance policy if purchased online?

There are many advantages of purchasing car insurance online from Bajaj Allianz general insurance company such as: Instant policy issuance, Policy purchase from your place of comfort, less paperwork, No need to visit office physically etc. These advantages make it attractive to purchase Bajaj Allianz online using the link car insurance policy.

Can I get Bumper to bumper cover for my car?

Yes, you can purchase bumper to bumper cover for your car from Bajaj Allianz general insurance company for cars which are aged not more than 5 years. Bumper to bumper is also known as zero depreciation cover which settles the depreciation cost at the time of a claim. Additional premium needs to be paid if you opt for bumper to bumper cover along with the comprehensive car insurance.

If I renew my car insurance with Bajaj Allianz, will my NCB stay intact?

No claim bonus is given to the driver/owner of the car based on the driving behaviour and is eligible to be carried forward at the time of renewal. NCB stays intact if you renew your car insurance with Bajaj Allianz if your previous car insurance with a different insurance company. No claim bonus becomes zero if there is any reported claim in the previous year.

Can I purchase only Third party car insurance?

Yes, only third party car insurance can be purchased as it is mandatory to have a TP insurance to drive in public places. But it is advisable to have a comprehensive car insurance policy to safeguard your financial interests. Third party car insurance premium is decided by the Government of India and is subject to change each year.

What is Comprehensive Car insurance?

Comprehensive car insurance from Bajaj Allianz covers the loss or damage to the car due to any of the insured peril acting at the time of accident. Third party insurance covers only the legal liability arising out of bodily injury or death of third parties due to an accident involving the insured car. Third party section also covers the property damage of third parties involved in the accident.

Does Bajaj Allianz offer any discount for online purchase?

Bajaj Allianz offers extra 5% discount for online purchase of car insurance. To avail extra discount on your car insurance please visit the online portal . The extra discount would be offered on the own damage section of the car insurance whereas the TP premium is pre fixed based on the cubic capacity of the car.

What type of cars/ four wheelers does Bajaj Allianz insure?

Bajaj Allianz insures every make and model four wheeler cars up to the age of 20 years considering the date of registration. Any model car insurance can be purchased online from Bajaj Allianz general insurance company. For vehicles more than 20 years of age, please contact our car insurance expert who will assist you with your car insurance renewal from Bajaj Allianz general insurance company.

What is the Sum Insured in my Car insurance policy?

The Insured Declared Value (IDV) of the vehicle will be deemed to be the sum insured for the purpose of the policy which is agreed at the commencement of each policy period for the insured vehicle. The maximum liability of the insurance company in case of an accident would not exceed the insured declared value mentioned in the policy copy. The insured declared value will be agreed by both the parties before the commencement of the risk.

The IDV of the vehicle is fixed on the basis of Manufacturers selling price of any particular brand of car and is adjusted for depreciation each year. The schedule of age wise depreciation is shown below:-

Age of the Vehicle % of IDV depreciation
Not exceeding 6 months 5%
Exceeding 6 months but not exceeding 1 year 15%
Exceeding 1 year but not exceeding 2 years 20%
Exceeding 2 years but not exceeding 3 years 30%
Exceeding 3 years but not exceeding 4 years 40%
Exceeding 4 years but not exceeding 5 years 50%

How is deprecation calculated in Bajaj Allianz car insurance policy?

Depreciation is the decrease in the value of the parts of car as a result of wear and tear of the car over a period of time. The depreciation factor is taken into consideration at the time of claim settlement by the insurance company. The percentage of depreciation is different for different parts of the car which are mentioned below:-

Type of part % of Depreciation
Rubber/ nylon / plastic parts, tyres and tubes, batteries and air bags 50%
Fibre glass components 30%
Glass Parts NIL
  • In the case of painting, depreciation rate of 50% shall be applied only on the material cost of total painting charges. In case of a consolidated bill for painting charges, the material component shall be considered as 25% of the total painting charges for the purpose of applying the depreciation.
  • Rate of depreciation for all other parts including wooden parts would be as per the below table:

Age of the Vehicle % of IDV depreciation
Not exceeding 6 months NIL
Exceeding 6 months but not exceeding 1 year 5%
Exceeding 1 year but not exceeding 2 years 10%
Exceeding 2 years but not exceeding 3 years 15%
Exceeding 3 years but not exceeding 4 years 25%
Exceeding 4 years but not exceeding 5 years 35%
Exceeding 5 years but not exceeding 10 years 40%
Exceeding 10 years 50%

How to reduce my car insurance premium with Bajaj Allianz car insurance policy?

Bajaj Allianz provides special discounts to customers in the below cases and the car insurance premium can be reduced by following the below tips:

  • Automobile Association membership reduces the premium to be paid by the customer for car insurance policy.
  • Fitting an Anti theft device such as GPS, Steering Lock, Tyre Lock, Burglary alarms etc., can reduce the car insurance premium considerably.
  • Opting for higher voluntary deductibles can also reduce the car insurance premium to be paid by the customer.
  • Restricting the third party property damage limit can also reduce the premium to be paid by the insured.

What is Cover Note in Bajaj Allianz Car insurance?

Cover note is a temporary document issued to the customer which mentions the risk acceptance of the insurance company in return for the premium paid. The cover note is considered as a temporary car insurance policy copy. The validity of a cover note is for 90 days after which it should be renewed. The use of cover note is reduced drastically these days after the introduction of online car insurance policy issuance.

My car insurance policy has expired, how to renew?

The process of renewal of expired or break-in car insurance policy is made simple with Bajaj Allianz general insurance company. A pre inspection would be carried out by a third party associated with Bajaj Allianz or an inspection link would be sent to customer to carry out the pre inspection. This process is carried out by the insurance company to understand the risk being accepted from the customer. The pre inspection is carried in the below scenarios as well:-

  • Break-in insurance
  • Conversion of TP insurance policy to a Comprehensive insurance policy
  • Fresh Payment after cheque bounce
  • Addition of add-ons which were not opted in the previous year.
  • Name transfer in case of sale/ purchase of vehicle.

I have paid premium twice by mistake, how can I claim refund?

The premium towards the purchase of Bajaj Allianz car insurance policy with PolicyBachat is Safe, Simple and 100% Secure. There might be instances where the amount was deducted twice for a single policy. In these cases there is no need for the customer to panic as the refund would be processed by the Bajaj Allianz general insurance company. Customer can make a formal request to the insurance company for refund if the refund is not processed automatically.

What is the GST under car insurance?

Car insurance premiums attract 18% GST. The GST is calculated on the total premium which includes the Own damage premium as well as the Third party premium. The GST paid by the customer will be redirected to the government of India and doesn’t count for the premium accumulated by the insurance company.

What is the grace period in Bajaj Allianz car insurance?

Grace period is the time given to the customer for premium payment to prevent the policy from lapsing thereby giving a chance to customer to enjoy the benefits of the insurance. Unfortunately in motor insurance there is no option of grace period, which means that the car insurance will lapse immediately after the expiry of the policy period and requires pre inspection before the issuance of a new policy.

What is the free look period in Bajaj Allianz car insurance?

Bajaj Allianz car insurance policy has a free look period of 15 days within which the customer can surrender the policy if he/she is not satisfied with the service of the company or the policy is not in accordance with the quote submitted before policy issuance. There would be no penalty for cancellation within the free look period. The free look period is also called as cooling off period.

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