Two Wheeler Insurance:

What is Two Wheeler Insurance?

A two-wheeler insurance policy covers you financially against damages to your bike or scooter and injuries sustained by you due to unforeseen events such as accidents, thefts or natural disasters. Bike insurance policies also cover you against financial liabilities arising out of injuries or damages caused to third-parties in an accident. The costs involved can make a major dent in your finances. Two wheeler insurance policies provide financial protection against such setbacks.

Why do you need Two Wheeler Insurance?

While two-wheelers offer convenience, comfort, and freedom, they are also one of the most unsafe modes of transport, accounting for a majority of the accidents and fatalities on the road. Accidents can wreck your asset and injure you or cause injuries to others on the road, potentially leading to huge financial losses. It is, therefore, important to protect yourself and your asset. Two wheeler insurance does just that.

Two wheeler insurance policies generally provide two kinds of covers:

• Cover against damage to the vehicle or the rider due to unforeseen events
• Cover against financial liability arising out of injuries caused to third parties in an accident

Bajaj Allianz's comprehensive two wheeler insurance policy provides coverage in both the scenarios.

Key Benefits of Two Wheeler Insurance:

A Bajaj Allianz policy comes with a host of benefits and features that make it an ideal plan for your two-wheelers:
• Online purchase and renewal: You can buy two wheeler insurance online in just a few clicks - it's that easy and convenient. The same applies to insurance renewal as well. You can get instant two wheeler insurance quotes without any paperwork.
• Transfer of No Claim Bonus: You can transfer up to 50% of your No Claim Bonus (NCB) from any bike insurance provider. The NCB is a reward from an insurance provider for not making a claim on your policy. When you switch to Bajaj Allianz, you can migrate the No Claims Bonus from your previous policy to your new one.
• Instant support: Enjoy round-the-clock claims assistance and quick SMS updates on claims status through our call centers.
• Quick claims settlement: Enjoy speedy, hassle-free and cashless claims settlement through our network of preferred garages across India. Our processes are designed to minimize turnaround time on your claims.
• Hassle-free renewal: Even if your policy has expired, no inspection is needed if you renew it online.

What your bike insurance policy covers:

A Bajaj Allianz two wheeler insurance policy provides coverage against the following:

• Loss or damage due to natural calamities: Your bike insurance policy covers fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide and rockslide.
• Loss or damage due to man-made calamities: Natural calamities aside, man-made disasters can also strike for a myriad of reasons. And these can be just as unforeseeable as natural disasters. The motorbike insurance policy from Bajaj Allianz provides coverage against burglary, theft, riot, strike, malicious act, accident by external means or any terrorist activity. Further, any damage in transit via rail, road, inland waterway, lift, elevator or air is also covered by the insurance policy.
• Personal Accident Cover: The bike insurance policy comes with a personal accident cover of Rs. 1 lakh for the owner or driver. It covers accidents that may occur while driving the vehicle, traveling on it and mounting or dismounting from it. You can also add personal accident cover for a pillion rider with this policy.
• Third Party Legal Liability: Bajaj Allianz two wheeler insurance covers liability to third parties. This covers any damage, loss, death or bodily harm caused to another person or property by the insured vehicle. This is mandatory as per the law in India.

Types of 2-wheeler insurance plans:

Bajaj Allianz offers a wide range of plans to cater to the diverse needs of vehicle owners.

Features	3 years Long Term Package Policy*	1 Year Package Policy
Renewal frequency	Once in three years	Every year
Coverage period	Three years	One year
Premium Hikes	No effect in the TP premium during the policy period	Every year TP premium increases
NCB benefit	Additional benefit at the time of renewal	As per tariff
NCB benefit after a claim	NCB gets reduced but does not become nil	NCB become 0 after one claim
Mid-term cancellation refund	Proportional refund provision even after claim during the policy period	No refund in case of any claim

*Customers can also opt for 2 years long-term policy.

Bajaj Allianz Two Wheeler Insurance Online:

Getting insurance for your bike or scooter is now easier than ever! You can apply for a Bajaj Allianz two wheeler insurance online in just a few clicks. Buy or renew your insurance from the comfort of your home anytime, anywhere. Online two wheeler insurance is convenient, quick and hassle-free!

Exclusions to a bike insurance policy:

A bike insurance policy does not cover the following:

• Normal wear and tear and general aging of the vehicle. These are natural progressions that ultimately affect all vehicles.
• Mechanical or electrical breakdown of the two-wheeler
• If you are using vehicles in a manner other than for the intended purpose, then you cannot make a claim in case of damage or loss arising out of such improper use. E.g. if you buy a bike, intended for day-to-day travel, but use it for stunt motorcycling
• Damage caused to the two-wheelers while it was being driven without a valid license or under the influence of drugs or liquor
• Damage or loss caused due to a war, mutiny or a nuclear mishap
• Theft or burglary of bike accessories, unless the vehicle is stolen at the same time.
• Wear and tear of consumables like tyres and tubes. However, if the vehicle is damaged at the same time as these items, then you can claim insurance. In such a scenario, the company shall be liable for only up to 50% of the replacement cost.

Smooth and hassle-free claims process:

When you have been through an accident, the last thing you want is to get involved in a lot of paperwork to claim your insurance. That is why Bajaj Allianz has made its bike insurance claims process simple and efficient. From cashless settlement to phone assistance, making a claim is now completely hassle-free. You can make a claim in four simple steps.

• Register Your Claim
• Send your vehicle for repairs
• Submit your documents
• Get your claim settled

CLAIM PROCESS:

Car and Two Wheeler Insurance Claim

Step 1: Register your claim

Option A: To register your claim online, please click here.

Option B: To register your claim on the phone, please dial our Toll-Free Number: 1800-209-5858

You will need to provide:

• Contact number
• Engine and Chassis Number
• Accident date and time
• Description and location of the accident
• Vehicle inspection address
• Km. reading

Once the claim is registered, the customer support executive will provide you with a Claim Reference Number. You will be updated through SMS at every stage of the claim OR you can call on our Toll-Free Number and quote the Claim Reference Number to know the status of your claim.

Note: To avail 24X7 roadside assistance, please dial our Toll-Free Number 1800-103-5858 from your phone. This is applicable for Bajaj Allianz customers, who have opted for this feature in their Car Insurance policy

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Step 2: Send your Vehicle for Repair

In case of an accident: Take your vehicle to the garage (if movable) or have it towed to avoid further damage.

In case of a theft claim: File a police complaint immediately in writing and inform us on our Toll Free Number. If your vehicle isn't found within 90 days, ask the police to issue you a Non-Traceable Report. This is an undertaking given by the police that they are yet to find your vehicle; you need to submit this report to us. We start the claim process after this.

Important To-Dos: Please read our section on Claim FAQ to understand benefits of Cashless claims and important things to keep in mind while making claims.

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Step 3: Survey and Claim Settlement

Documents Required: Submit the copy of documents to the garage/dealer and get it verified with the originals.

For the list of documents required to process the claim, please refer to the checklist above.

Spot Settlement: If the loss is not severe, we suggest that you avail spot settlement of claims through Bajaj Allianz Mobile Settlement Service.

Claim Settlement :

• After completion of repair at a preferred garage, we will make payment directly to the garage.
• You will only have to pay the excess as mentioned in the policy and the depreciation value, salvage etc. as informed by the surveyor.

CHECKLIST:

Please refer to the required document checklist below, based on the nature of your claim.

Claim for accidental damages	Claim for theft cases
Claim form duly filled and signed by the insured	Claim form duly filled and signed by the insured
Proof of insurance Policy / Covernote copy	Original Policy document
Copy of Registration Book, Tax Receipt	Original Registration Book/Certificate and Tax Payment Receipt
Copy of Motor Driving Licence of the person driving the vehicle at the time	Previous insurance details - Policy No, insuring Office/Company, period of insurance
Police Panchanama/FIR ( In case of Third Party property damage /Death / Body injury)	All the sets of keys/Service Booklet/Warranty Card
Estimate for repairs from the repairer where the vehicle is to be repaired	Police Panchanama/ FIR and Final Investigation Report
Repair Bills and payment receipts after the job is completed	Acknowledged copy of the letter addressed to RTO intimating theft and making vehicle "NON-USE"
Claims Discharge Cum Satisfaction Voucher signed across a Revenue Stamp	Form 28, 29 and 30 signed by the insured
	Letter of Subrogation
	Consent towards agreed claim settlement value from you and Financer
	NOC of the Financer if the claim is to be settled in your favor
	Blank and updated "Vakalatnama"
	Claim Discharge Voucher signed across a Revenue Stamp