Bajaj General Insurance has a large customer base. The numbers reflect its reliability and the amount of trust that the policyholders put in the company. If you are planning to get a bike insurance or renew two-wheeler insurance, then you are at the right place.
This article will provide you with the reasons why getting a Bajaj General bike insurance will be beneficial for you. Read ahead to learn more about its coverage, benefits, and factors impacting premiums.
What is the Coverage under Bajaj General Bike Insurance?
Below are the coverages you can get with Bajaj General Bike Insurance:
Inclusions
- Third-Party Liability: Compensation for the affected person or family fully, as directed by the court, and up to ₹1 lakh for loss or damage of property.
- Own Damage Protection: Covers expenses if your bike gets damaged due to accidents, theft, fire, or natural disasters.
- Natural or Human Disasters: Provides financial aid when floods, riots, earthquakes, or vandalism harm your bike.
- Theft Coverage: Reimburses you based on the bike’s Insured Declared Value (IDV) if your vehicle is stolen.
- Transit Damage Cover: Handles repair costs when the bike gets damaged during transit or shifting.
- Personal Accident Benefit: Offers up to ₹15 lakh in financial support for disability or death caused by an accident.
- Add-On Options: You can enhance your coverage with add-ons such as zero-depreciation, roadside assistance, or engine protection.
Exclusions
- Intentional Damage: The insurer will not cover losses caused deliberately to the bike.
- Value Depreciation: Regular wear and tear, and loss of value over time, are not covered.
- Illegal Actions: Claims are denied if you ride without a valid license or under the influence of alcohol or drugs.
- Unauthorised Modifications: Changes made without approval, such as illegal wiring or body alteration, void the coverage.
- Racing and Stunts: The policy will not pay for damage caused by racing, timed trials, or risky stunts.
What is the Benefit of Getting Bajaj General Bike Insurance?
Getting your bike insurance from Bajaj General will provide you with these benefits:
- Several Cashless Garages
Bajaj General has over 7,200 network garages all over India. This provides you with the benefit of making hassle-free, cashless claims online.
- 24/7 Customer Support
You will get 24/7 customer support from Bajaj General online or on call. For instance, you can easily approach the company experts in case of any query while you renew two wheeler insurance.
- Hybrid Services
Bajaj General Insurance provides online as well as offline services. This means that whether you are a traditional buyer or a new-age customer, the company will meet your requirements.
- Easy transfer of the No Claim Bonus
The company also offers easy transfer of NCB when you get a new bike. Since your bonus is attached to you, not your two-wheeler, you cannot lose it.
- Discounts and Concessions
Bajaj offers discounts on their bike insurance premium if they have anti-theft devices installed. Moreover, if you belong to any recognised automobile associations, then you can get discounts as well.
- Quick Claim Settlements
With Bajaj General’s online services, you can apply for claims very quickly. The company also quickly processes claims for minor damages. Moreover, with a high claim settlement ratio (CSR), you can easily rely on them.
What Factors Impact Bike Insurance Premiums at Bajaj General?
The following is the list of factors that will determine your bike insurance premium from Bajaj General:
- Types of Coverage
Getting a third-party bike insurance will cost you less than a comprehensive plan; however, it will also provide partial protection.
- IDV
Going for higher IDVs can raise your bike insurance premiums.
- Vehicle Make/Model/Variant and Age
High-end models of bikes, such as sports bikes of higher engine capacity, will attract higher premium rates. Older vehicles attract lower premiums in comparison to newer bikes.
- No Claim Bonus (NCB)
If you have NCB, you can renew two wheeler insurance with a discount of up to 50% on the own damage part of your bike insurance premium.
- Vehicle’s Location
If your bike’s registration location is in a city with high traffic rates and accidents, then its insurance will cost you a higher premium.
Bottom Line
You can get financial coverage for your bike’s damages as well as the third-party damages from Bajaj General. The company’s vast network of garages, online presence, and easy claim process also provide you with an edge. Get your bike insurance today and remember to read all of your policy-related documents carefully!
