Most Trusted Car Insurance
Bajaj Car Insurance
Bajaj car insurance allows you to cover your four-wheeler in case of unforeseen emergencies like accidents, theft, fire and more. This policy by Bajaj General Insurance Limited (formerly known as Bajaj General Insurance Company Ltd) offers customised insurance solutions along with a customer-oriented approach.
About Bajaj General Insurance Limited
Bajaj General Insurance Limited has been a leader in the motor insurance market, offering world-class products, efficient services, and after-sales support. With a presence in different cities across India, the company provides economical Bajaj car insurance plans, with digitally-enabled purchase and renewal.
Key features of Bajaj Car Insurance
Third-Party coverage
Yes
Claim settlement ratio
N/A
Personal accident insurance
Up to ₹15 Lakh
Network garages
4,000
No claim bonus
Yes
No. of Zero Dep claims
2
No. of Comprehensive claims
Unlimited
Benefits of Bajaj Car Insurance Plans
The features and benefits of Bajaj motor insurance plans are listed below:
Tracking and monitoring of the vehicle with Bajaj Drive Smart Service.
Cashless repairs at 4,000+ network garages across India, making the car insurance claim and repair process more convenient.
Transfer your existing No Claim Bonus (NCB) to Bajaj car insurance and continue enjoying lower premiums for maintaining a claim-free record.
Types of Bajaj Car Insurance policy
There are three types of Bajaj car insurance plans that are described below:
Third-Party Car Insurance Policy
A third-party liability-only plan by Bajaj General Insurance Limited covers a policyholder against third-party property damage, bodily injury and death of the third party. This policy excludes covering damages sustained by the insured car.
The coverage offered in case of third-party property damage is limited to up to Rs. 7.5 Lakh, while for death, the compensation can be unlimited.
Standalone Own Damage Insurance Policy
Bajaj Standalone Own Damage motor insurance plan covers the insured car against damages arising due to unanticipated events like a road accident, theft, fire, natural calamities, etc. A policyholder can opt for a standalone car insurance plan along with an existing third-party liability plan.
Comprehensive Car Insurance
A package or comprehensive car insurance policy offers protection to the insured car against theft, collision and accidental damage. It also includes damages resulting from fire, earthquake, floods, etc. It also covers accidental third-party liabilities due to the insured vehicle.
A comprehensive car insurance policy can also be enhanced by purchasing add-on covers at an extra premium.
Bajaj Car Insurance Premium Calculator
Using the Bajaj car insurance premium calculator, you can easily get the estimated amount of insurance premium charged for your preferred car insurance policy. It is advisable to use this tool before zeroing down on a car insurance plan. This will give you a fair idea about the premium that you will pay.
Covered/Not covered under Bajaj Car Insurance
What’s covered?
Man Made Calamities
Loss or damage to the insured car resulting from manmade calamities such as strikes, riots, etc.
Natural Calamities
Damages resulting from floods, earthquakes, cyclones, hurricanes, inundation, landslides, etc. are covered under your car insurance plan.
Third-Party Legal Liability
Any legal liabilities arising due to accidental loss or damage caused to third-party property, vehicle or person, including accidental death or injuries.
Theft
Damages sustained by the insured car due to theft, housebreaking or burglary.
In-transit Damages
Any car damage that has taken place while in transit by rail, road, air, inland waterway, lift or elevator.
Fire
Damages to the insured car due to fire, explosion, self-ignition and lightning are also covered in the Bajaj car insurance plan.
What’s not covered?
Consequential Losses
The insurance company will not cover any consequential loss of the car under its car insurance plans.
Depreciation
Regular wear and tear resulting in the depreciation of car body parts are also excluded.
Drunk Driving
Damages sustained by the insured car if the driver was under the influence of alcohol are not covered.
Invalid Driving Licence
No cover will be provided if the driver was driving without a valid driving licence.
Breakdown
Damages arising due to mechanical or electrical breakdown of the car are not covered.
Used for Other Purpose
If a private insured car is being used for commercial purposes, the damages sustained will not be covered.
Bajaj Car Insurance Add-Ons
Zero Depreciation Cover
Under the zero depreciation add-on cover, the insurance company will compensate for the depreciation borne by the insured car during claim registration.
Thus, in the event of a claim, a policyholder will receive the full value of the insured car and its spare parts.
Who Should Get It? - Owners of new and expensive cars
Example
Imagine you have a car accident that results in damage to your car's bumper and headlights.
Total repairing cost ₹45,500
Insurer pays
₹45,500
100% total repairing cost
You pay
₹0
Insurer pays
₹31,850
70% or less of total repairing cost
You pay
₹13,650
30% or more of total repairing cost
For replacements
Insurer will pay a fixed percentage of the cost of new parts. This is as per IRDAI norms and is the same for all insurers.
Here's how much insurer will pay
- With Add-On
- Without Add-On
Cost of glass and fibreglass components (eg. Windshield)
Cost of tyre
Cost of tubes
Cost of batteries
Cost of metal, wooden, paint & other parts
Cost of glass components (eg. Windshield)
Cost of fibreglass parts
Cost of painting meterials
Cost of plastic, rubber, nylon parts & batteries
Cost of metal, wooden & other parts
Tips If you want to avoid paying out-of-pocket for part replacements, Zero Depreciation cover is a must-have.
Engine Protector Cover
The Engine Protector add-on will cover the expenses incurred in replacing or repairing the engine of the insured car.
Damages to the engine or gearbox due to oil leakage, water ingression, and more are covered under this add-on
Who Should Get It? - Best for people living in flood-prone areas
Example
Imagine your car's engine gets damaged due to water entering the engine during heavy rains.
Total engine repair cost: ₹1,20,000
Insurer pays
₹1,20,000
100% engine repair cost
You pay
₹0
Insurer pays
₹0
(Water ingression not covered under standard policy)
You pay
₹1,20,000
(Water ingression not covered under standard policy)
100% out of pocket expense
Consumables Expenses
Under consumables add-on cover, the insurance company will compensate the expenses incurred in replacing or repairing the damages sustained by the car’s consumables.
These include engine oil, coolant, brake oil, gearbox oil and other consumables.
Example
Your car meets with an accident and requires minor repairs.
Consumables cost (engine oil, coolant, nuts & bolts): ₹4,500
Insurer pays
₹4,500
100% consumables cost
You pay
₹0
Insurer pays
₹0
(Consumables are not covered)
You pay
₹4,500
Out of pocket
Lock And Key Replacement Cover
If the car keys are lost or left inside the car, assistance will be provided to recover the same under key replacement add-on cover.
The cost of new keys and locks are included under this add-on.
Example
You lose your car keys and need a replacement.
Smart key replacement cost: ₹18,000
Insurer pays
₹18,000
Key replacement and reprogramming
You pay
₹0
Insurer pays
₹0
70% or less of total repairing cost
You pay
₹18,000
Full replacement cost
How to renew Bajaj Car Insurance Policy?
Bajaj car insurance renewal can be easily done online. Take a look at the steps for Bajaj car insurance renewal online below:
How to File a Claim under Bajaj Car Insurance?
You can file a claim under Bajaj car insurance by following these steps:
Inform the Insurer
Immediately inform Bajaj General Insurance Limited about the incident so that they can register a claim as soon as possible. You can register the claim online, over email or by contacting their toll-free number.
Show Documents
Fill out the claim registration form and upload all the required documents. Make sure to keep all the relevant documents handy.
Car Inspection
Once the claim has been registered, a surveyor from Bajaj car insurance will inspect your car and estimate the damages incurred.
Claim Processed
Once the inspection is done, the car will be repaired, and the Bajaj car insurance team will make the payment for the car damage repair to the bajaj network garage. If the repairs have been done at a non-network garage, you can pay the bill, and the insurance company will reimburse you for the repair amount later.
Documents Required to Raise a Claim Under Bajaj Car Insurance
Keep the following documents handy while registering a Bajaj car insurance claim-
Car Insurance for Popular Brands in India
FAQs – Bajaj Car Insurance
-
Why should I buy a Bajaj car insurance policy?
Buying car insurance is extremely necessary as it offers protection against three types of unfortunate events like third-party liability, personal accident and damage to own car. Moreover, as per Indian Motor Laws, it is mandatory to have at least third-party insurance to legally cover your car. -
Can I purchase the Bajaj car insurance policy online?
Yes, Bajaj General Insurance Limited allows you to purchase car insurance online. It also provides you with different options for online payment like debit or credit card or internet banking. -
Can I renew my existing Bajaj Car Insurance online?
Yes, you can renew Bajaj 4-wheeler insurance online. All you need to do is log on to Policybazaar.com, enter your car number and some car details, choose your plan and make the final payment. -
In how much time does a Bajaj Car Insurance claim get settled?
The claim settlement procedure of Bajaj Car Insurance is very easy and quick. It usually takes only 3 business days to settle the claim. The company also promises to settle all types of claims within 7 business days. -
Does Bajaj car insurance offer any discount on purchasing a car insurance policy?
Yes, Bajaj car insurance offers the following types of discounts to its customers: -
Can I transfer my No Claim Bonus (NCB) discount?
Yes, you can transfer the NCB of your previous car insurance to your newly purchased Bajaj car insurance. Just inform the insurer about your NCB while buying/renewing the policy. -
What is a No Claim Bonus in car insurance?
No Claim Bonus is a reward granted to the policyholder for all claim-free years. It is a discount on the car insurance premium that is provided to the insured at the time of policy renewal. NCB can be accumulated up to 50% after five consecutive claim-free years. -
Will I need any documents for Bajaj car insurance renewal?
No, you will not need any documents if you renew your Bajaj motor insurance policy online from Policybazaar.com. In case of an offline car insurance renewal, you may need to produce certain documents to the insurer or agent. -
What do you mean by compulsory deductibles?
A compulsory deductible in car insurance is the amount that the policyholder needs to pay from his/her own pocket during claim settlement. For instance, suppose a compulsory deductible of Rs 2,000 is applicable on all claims.
In the event of an accident, if the cost of repair comes up to Rs. 10,000, then the insurance company will pay Rs. 8,000, and the remaining amount of Rs. 2,000, which is the deductible, will be paid by the policyholder.
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#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
+Savings are based on the maximum discount on own damage premium as offered by our insurer partners.
^Lowest Price Guaranteed is based on certifications shared by insurers with us. Policybazaar will facilitate price matching subject to the terms and conditions of select insurers.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.
