Bajaj Allianz Car Insurance Review

The Bajaj Allianz car insurance is an insurance policy for your car that helps you cover expenses arising from third-party liabilities and own damages caused by accidents, natural disasters, the car’s own technical glitches and malfunctions. The policy allows you to get added protection for your car by including add-on benefits such as zero depreciation cover, consumables cover, breakdown assistance, conveyance benefits and coverage of personal baggage theft or damage.

The policy also allows policyholders to be compensated for permanent disability arising due to a car accident to help provide financial support to the family of the policyholder.

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Bajaj Allianz Car Insurance

4.5

Our star ratings are based on a range of criteria and are determined solely by our editorial team. See our methodology for more information.

Network Garages

4,000+

Emergency Assistance

Available 24×7

Buy Now

On Bajaj Allianz's secure website

Network Garages

4,000+

Emergency Assistance

Available 24×7

Pros & Cons

• The policy allows an add-on for theft of personal belongings from your car.
• On the spot (OTS) claim facility is unique.
• Pay-As-You-Go policy is useful for consumers such as senior citizens who do not use their cars often.

• Number of network garages are lower compared to peers.

A comprehensive car insurance policy by Bajaj Allianz allows consumers to avail features such as:

• Cashless service across 4,500 network garages in India.
• Cashless hospitalization across 6,500 partner hospitals.
• Digital claims process including cashless claim facility.
• Up to 50% of no claim bonus transfer to the next year.
• An app called Caringly Yours to assist policyholders.

Features that are excluded from a Bajaj Allianz car insurance policy are expenses on damages or losses arising from the following circumstances:

• When the policy is not in force.
• Beyond the guidelines of your car’s manufacturer.
• Depreciation of your car and its spare parts.
• Due to drunk-and-driving cases.
• Due to leakage of oil.
• Due to driving without a valid license.

Zero Depreciation

Also known as bumper to bumper cover, this add-on helps policyholders cover almost all the vital parts of the car without taking into account their depreciation, the gradual decline in their value due to a combination of factors such as age, wear, tear and obsolescence.

All cars are considered depreciating assets and insurers calculate the depreciation rate to decide the total amount payable at the time of an insurance claim.

Engine Protector

It helps the policyholder cover expenses incurred on account of damages to their car’s engine.

24/7 Spot Assistance

This add-on helps ensure the policyholder is never stranded on the road due to any concern associated with their car.

Key and Lock Replacement

Car keys are the most commonly misplaced items when it comes to cars. This add-on helps the policyholder cover expenses of new keys and replacement of the lock whenever your car keys get lost.

Consumable Expenses

Consumable expenses arising from damage, repair or replacement of certain parts of your car, such as engine oil, gearbox oil, power steering oil, coolant, AC gas oil, brake oil, etc., are covered under this add-on.

Personal Baggage

Ordinary baggage generally includes clothing, toiletries, perfumes, bags, suitcases or other daily essentials. Its loss can cause travelers quite a lot of inconvenience, especially in a foreign land. Under such circumstances.

This cover compensates for total loss or total damage caused to your baggage by accident or theft. Certain items including gold and silver ornaments or those of other precious metals are not covered. Luxurious items and contraband items are also not compensated for in case of losses or damages.

Conveyance Benefit

This cover helps the policyholder receive a daily cash benefit in case their claim is accepted and their car is undergoing repairs post damage. The sum varies from the plan opted by the policyholder.

Bajaj Allianz offers three kinds of car insurance policies for consumers to choose from:

Third-party Liability Policy

As per the Motor Vehicles Act of 1988, third-party car insurance is compulsory for vehicles plying on Indian roads. In this type of policy, expenses incurred when an accident happens in which a third-party’s vehicle is dented are covered.

Comprehensive Policy

In this policy, you can pay for damages to your vehicle as well as to others, including motorbikes, private cars, scooters, and commercial vehicles.

The comprehensive policy at Bajaj Allianz also offers to cover expenses on personal accident, burglary or theft, damage due to fire and natural disasters, engine protection and have add-ons such as CNG kit coverage and accessories cover.

Pay-As-You Go Policy

This usage-based car insurance policy helps the policyholder cover expenses on third-party vehicles and expenses on own car damage.

It is a short-term car insurance in which the payable premium is directly linked with the usage of the insured vehicle. Also called Telematics insurance, the user pays the premium for a pre-specified number of kilometers. Once the predefined distance is covered, the policy can be renewed with the additional kilometers similar to how top-up facility works.

To buy a Bajaj Allianz car insurance policy, a user can go through the digital route and follow these steps:

• Visit the Bajaj Allianz website.
• Specify details such as the car’s model, manufacturer and the variant, the city of use.
• Choose the most suitable plan for your requirement.
• Declare details of any existing insurance policies including its validity, claims made and no claims details
• The premium for your policy is then auto-generated. In case of a comprehensive plan, you can further include the add-ons of your choice and get the final premium quote.
• Opt for annual premium payments or equated monthly instalments online.

Bajaj Allianz recommends consumers to opt for multiple combinations of car insurance covers based on their requirements. For example:

• A comprehensive cover and an engine protector add-on for a car prone to frequent floods.
• A comprehensive cover and 24X7 spot assistance add-on for a car used for long distance driving.

To renew a Bajaj Allianz car insurance policy for a new car, you need to follow the same process as buying a new policy online. You need to visit the insurance company’s website and click on “renew policy”.

For a pre-owned car, an insurance policy taken by the previous car owner may exist and you may need to get that transferred in your name. It is a process that takes less than two weeks. Key things to watch for for a pre-owned car insurance policy online include:

• The car’s claims history that can be gotten upon entering the policy number on the insurance company’s website.
• Transfer your no claims bonus.
• If there is no insurance taken by the previous owner or if the insurance has expired, you will need to take a new policy at the earliest.
• Check when you need to renew a transferred policy.

To buy insurance for an old car, the company recommendations the following for the policyholder:

• If your car usage is occasional, a third-party insurance.
• If your car usage is frequent, a comprehensive plan with add-ons.

The policyholders must have soft copies of the following documents:

• Details about your vehicle including registration number
• A valid driver’s license
• Completed claim form
• Bank details
• Tax receipts
• Filled insurance forms

Bajaj Allianz offers two types of insurance claims

• Cashless claims
• Reimbursement claims

Cashless Car Insurance Claims

In a cashless claim, you don’t have to physically pay for the recovery of any damage to your car.

The insurer pays for the damages directly to your garage or workshop and takes care of the complete recovery process as mentioned in your car insurance policy.

To avail a cashless insurance claim, follow these steps:

• Register your claim via your insurance provider either via their website or customer care.
• Note your claim registration number.
• Move your damaged car to an authorized cashless network garage or workshop to initiate the repairs.
• Submit the required documents to your surveyor.
• Once surveyed, your insurance company confirms the liability.

Reimbursement Claims Insurance Policy

In a reimbursement claims insurance policy, you have to pay to recover the damages to your car. Your insurance company reimburses the expenses you incurred in the process after successful verification of documents and coverages.

To avail a reimbursement claim, follow these steps:

• Register your claim by calling your insurance provider or visiting their website or app.
• Note your claim registration number.
• Move your damaged car to any garage near you. It is not mandatory to get your car serviced from a network authorized garage.
• Submit the required documents to your surveyor.
• Once surveyed, your insurance company confirms the liability and initiates the reimbursement procedure.

Car Insurance For On The Spot (OTS) Claims

On-The-Spot or OTS claims allows you to make spot claims of your insurance. With the OTS claims process, you can avail claims of up to INR 30,000 on the spot and get the amount transferred for services and recovery.

Follow these steps to avail an OTS claim:

• Download the mobile app and sign in with your details.
• Click pictures of your damaged car and upload them to your app.
• The images will be taken up for verification and the claim amount will be credited to your bank account post verification.

The Bajaj Allianz car insurance was reviewed on the basis of five main factors:

Ease of Access: 10%

Insurance Coverage: 30%

Claims Process: 30%

Premium Payment Options: 20%

Insurance Options: 10%