Bajaj Allianz General Insurance Company Limited is a joint undertaking between Bajaj Finserv Limited and Allianz SE. The company has been a leader in the insurance market with world-class products, competent service and after-sales support. The company has been offering numerous types of insurance plans both in the Life Insurance category as well as in the General Insurance category. The journey of Bajaj Allianz started in the year 2001 and has it headquartered at Pune.
Name |
Bajaj Allianz General Insurance Company Limited |
Owner |
A joint undertaking between Bajaj Finserv Limited and Allianz SE |
Company Vision |
To be the first-choice insurer for clienteles and preferred employer for staff and to be the number one insurer for creating shareholder value |
Managing Director and Chief Executive Officer |
Tapan Singhel |
Credit Rating |
iAAA by ICRA for consecutive 12 years |
Asset Under Management |
INR 17237 Crores |
Revenue |
INR 11097 Cores |
Network Hospitals |
6500 and more |
Network Garages |
4000 and more |
We are going to study the main general insurance products which are offered by Bajaj Allianz in detail in the below article which are namely:
Motor or Vehicle Insurance is an insurance policy that financial protections of the vehicle against any physical damage and against bodily injury or death together with third-party liability. Motor Insurance provides peace of mind when one goes out on the road for driving. The main features and benefits of Motor Insurance are:
There are 3 types of Motor Insurance which Bajaj Allianz offers and they are:
Bajaj Allianz has designed the 4-wheeler insurance keeping in mind the high maintaining and service cost of the car and the fact that if the car gets damaged due to an accident. Three coverages provided are
One can choose any additional coverage as well like loss of accessories, Personal Accident
Coverage for the occupants, legal liability to the paid owner, etc.
Bajaj Allianz will insure the insured in case of an accident which is caused by / rising due to the use of the vehicle against all sums which the insured is lawfully liable to pay for:
Bajaj Allianz will indemnify the insured against the loss or damage to the vehicle four-wheeler, two-wheeler as well as the commercial vehicle insured and /or its accessories by:
A compulsory policy for all the vehicles which are owned by businesses. This policy shields the commercial vehicle owners from financial losses and legal liabilities that might arise due to the accident caused to a third party. Bajaj Allianz provides comprehensive coverage for commercial vehicles. The main coverage is any accidental death or bodily injuries produced to the third party by the policyholder who is at responsible for the damage or loss. Any damages done to any kind of third-party property are also covered.
The main benefits are as follows:
A ‘Liability Only’ plan is the coverage of vehicles which are being used for commercial purposes only.
The following cover is provided in the plan:
Eligibility Criteria for Bajaj Allianz Motor Insurance Plans
Type of Cover |
Damage to the Vehicle |
3rd Party Liability |
Personal Accident Cover |
Sum Insured |
Depends on the Insured’s Declared Value |
Depends on the Insured’s Declared Value |
Depends on the Insured’s Declared Value |
Policy Term |
1year |
1 year |
I year |
Premium Amount |
Depends on the Insured’s Declared Value, type of vehicle |
Depends on the Insured’s Declared Value, type of vehicle |
Depends on the Insured’s Declared Value, type of vehicle |
Renewability |
Yes |
Yes |
Yes |
Health Insurance Plans are very significant in the modern age due to the rising cost of medical expenses and the treatment costs of various ailments. Moreover, the current lifestyle of individuals has made them more prone to illnesses and ailments which require medical attention. Medical costs are spiralling upwards and there is no or very less relative growth in the income of the ordinary man who eventually faces a financial crisis when faced with a medical emergency. Thus, it is prudent to insure oneself against any medical contingencies that may arise so that the financial aspect of the crisis is at least handled by the insurance company and the medical costs do not become a burden on the average middle-class man. Bajaj Allianz comes with various health insurance plans which keep in mind all these factors. Let us see the same in the below article.
List of Health Insurance plans offered by Bajaj Allianz
Bajaj Allianz offers both online and offline plans to customers with maximum coverage at least possible costs. Let us see a glimpse of Bajaj Allianz Health Insurance.
Key Features |
Highlights |
Number of Network Hospitals |
6500 + |
Incurred Claim Ratio |
77.61% |
Internal Health Administration Team (HAT) |
Yes |
Renew Option |
Lifelong |
Period of Waiting |
4 years |
We will not have a look at all the health insurance plans offered by Bajaj Allianz.
Online Health Plans
Offline Plans
An individual health insurance plan covering the hospitalization expenses of the individual with the following features:
Eligibility of Bajaj Allianz Health-Guard Individual Policy:
Entry age |
18 years to 65 years, Child- 3 months to 25 years |
Sum assured |
INR 1.5 lakhs to INR 50 Lakhs |
Premium |
Depends on the age and sum assured |
Renewability |
Lifelong |
A Family health plan which can be taken for the coverage of the entire family covering self, spouse, children and dependent parents.
The features of the plan are as follows:
Eligibility of Bajaj Allianz Health-Guard Family Floater Option
Entry age |
18 years to 65 years, Child- 3 months to 18 years |
Sum assured |
Silver Plan- INR 1.5 lakhs to INR 2 Lakhs Gold Plan- INR 3 lakhs to INR 50 Lakhs |
Premium |
Depends on the age and sum assured |
Renewability |
Lifelong |
Policy Term |
1 year, 2 years and 3 years |
A Family top-up health plan which can be purchased to increase the coverage beyond the coverage provided in an existing health plan at low costs. The features are as follows:
Eligibility of Bajaj Allianz Extra Care Health Plan:
Entry age |
18 years to 70 years. In the case of children, the age limit is 3 months to 5 years if both parents are covered or 6-18 years if either of the parents is covered with the company. Children aged 18-25 years can act as proposer or dependent. |
Sum assured |
Silver Plan- INR 10 lakhs to INR 50 Lakhs |
Premium |
Depends on the age, the sum assured chosen as per the family size |
Renewability |
Lifelong |
Policy Term |
1 year |
A policy that covers expenses arising out of any accident suffered by the proposer of his insured family. The features are as follows:
Eligibility of Bajaj Allianz Premium Personal Guard Plan:
Entry age |
18 years to 65 years. Child- 5 years to 18 years |
Sum assured |
INR 10 lakhs to INR 25 Lakhs |
Premium |
Depends on the age, the sum assured chosen |
Renewability |
Lifelong |
Policy Term |
1 year |
A health plan exclusively crafted to provide cover against pre-determined critical illnesses where a lump sum amount is paid immediately if the proposer is diagnosed with the illness covered under the scope of the plan. The features of the plan are as follows:
Eligibility of Bajaj Allianz Critical Illness Health Plan
Entry age |
6 years to 65 years |
Sum assured |
INR 1 lakh to INR 50 Lakhs |
Premium |
Depends on the age, the sum assured chosen |
Renewability |
Lifelong |
Policy Term |
1 year |
A specially designed health plan designed for senior citizens who frequently require medical attention. The features are as follows:
Eligibility Bajaj Allianz Silver Health Plan
Entry age |
46 years to 75 years with entry age at 70 years only |
Sum assured |
INR 50000 lakh to INR 5 Lakhs |
Premium |
Depends on the age, the sum assured chosen |
Renewability |
Lifelong |
Policy Term |
1 year |
A health plan with a family floater option which provides for exhaustive coverage. The features of the plan are as follows:
Eligibility of Bajaj Allianz Health Care Supreme Plan
Entry age |
18 years till lifetime |
Sum assured |
INR 5 lakhs to INR 50 Lakhs |
Premium |
Depends on the age, the sum assured chosen |
Renewability |
Lifelong |
Policy Term |
1 year |
A plan which provides for a specified amount every day for which the insured is hospitalized to take care of the family’s financial requirements. The features of the plan are as follows:
Eligibility of Bajaj Allianz Hospital Cash Plan
Entry age |
18 years -65 years, Child- 3 months to 21 years |
Sum assured |
INR 500/ day, INR 1000/ day, INR 2000/ day, INR 2500/ day, |
Premium |
Depends on the age, the sum assured chosen |
Renewability |
Lifelong |
Policy Term |
|
An exhaustive plan which covers all the aspects of a medical contingency and other contingencies. The features of the plan are as follows:
Eligibility of Bajaj Allianz Star Package Plan
Entry age |
18 years – 45 years, Child 3 months to 5 years |
Sum assured |
INR 1.5 lakhs to INR 50 Lakhs |
Premium |
Depends on the age, sum assured chosen and various Zones 1 & 2 |
Renewability |
Lifelong |
Policy Term |
|
A plan covering medical costs during hospitalization due to accident or illnesses. The plan features are as follows:
Eligibility of Bajaj Allianz Health Ensure Plan
Entry age |
3 months to 55 years |
Sum assured |
Individual- INR 50000, till INR 10 lakh Floater- INR 2 Lakhs till INR 5 Lakhs and INR 10 lakhs |
Premium |
Depends on the age, the sum assured chosen and various Zones 1 & 2 |
Renewability |
Lifelong |
Policy Term |
|
A plan covering hospitalization and outpatient expenses. Tax Gain Policy is a floater health policy that covers out-patient expenses (OPD) & hospitalization expenditures under a single plan. The features are as follows:
Eligibility of Bajaj Allianz Tax Gain Plan
Entry age |
Plan A, Plan B and Plan C -18 years to 55 years Plan D -56 years to 75 years for Senior Citizens |
Sum assured |
INR 1 Lakh, INR 2 Lakhs and INR 3 Lakhs |
Premium |
Depends on the age and plan have chosen |
Renewability |
Lifelong |
Policy Term |
1 year |
A personal accident plan covering death and disability arising out of accidents. The features are as follows:
Eligibility of Bajaj Allianz Personal Guard Plan
Entry age |
18 years – 65 years, Child 5 years to 21 years |
Sum assured |
INR 10 Lakhs – INR 25 Lakhs |
Premium |
Depends on the age and plan as chosen |
Renewability |
Lifelong |
Policy Term |
1 year |
A critical illness plan for women with the following features:
Eligibility of Bajaj Allianz Women-specific Critical Illness Plan
Entry age |
21 years – 65 years |
Sum assured |
INR 50000, INR 100000, INR 150000, and INR 200000 |
Premium |
Depends on the age and sum insured |
Renewability |
Lifelong |
Policy Term |
|
Bajaj Allianz two-wheeler insurance policies cover two-wheeler or bike against any physical damage, third party liability, injury, and theft. Two-Wheeler is susceptible to accidents and hence it becomes important to protect the same against any untoward incident. It provides an all-inclusive insurance policy that fully covers personal accident as well. Bajaj Allianz bike insurance policy claim settlement procedure is really quick and easy making Bajaj Allianz a right choice amongst the choices that are available. Let us see the benefits and coverage of Bajaj Allianz Two-Wheeler Insurance.
Three coverages provided are
One can choose any additional coverage as well like loss of accessories, Personal Accident coverage for the occupants, etc.
Motor Vehicles Act directives that a third-party liability cover on the two-wheeler is compulsory. This two-wheeler insurance cover will protect only the third party of the vehicle that caused damages to the third party. Meaning of a third party would imply any other person harmed by the vehicle other than self; also, any other vehicle harmed other than self-owned vehicle and any other adjacent property which might have got damaged.
This plan is inexpensive since it does not cover self and own vehicle but any other damaged person or property. Insurance Regulatory and Development Authority (IRDA) agree upon the premium amount payable if purchases a third-party liability policy. Depending on the scope of the damage, the amount of the Insurance claim which one can avail of.
Bajaj Allianz two wheeler insurance is the most widespread and common two wheeler insurance plan. This plan is a bundle policy which is a blend of the third-party liability-only coverage and also own-damage coverage. Own damage cover would mean that any damage which might cause any damage to the vehicle or any damage which the vehicle might face because of an accident, theft or other valid reasons.
The plan also comes with a personal accident policy which covers the driver or owner of the two-wheeler against any damage caused due to personal accident. The coverage for any other passenger who rides as a pillion or a co-passenger can be taken separately in lieu of additional premium. The premium payable under the third-party liability policy is decided by the IRDA as mentioned above and the premiums which are to be paid will be decided by the Bajaj Allianz who is issuing the policy.
The premium is dependent on the underwriting principles of the Bajaj Allianz two-wheeler insurance company. It depends on the Insured Declared Value (IDV) of the two-wheeler. Higher will be the premium if the Insured Declared Value (IDV) is also high. The premium under a comprehensive package policy is always higher than the corresponding premium paid for the third-party liability only policy for the same amount of the Insured Declared value because the earlier policy gives a dual benefit and coverage as compared to the later.
You can buy Bajaj Allianz General Insurance plans offlines as well as online. The plans are sold offline either by the insurance advisors or directly from the company. Thus, you need to do is visit the branch yourself and then purchase the same after consulting with the insurance agents or the sales managers of the company.
However, there is an online mode of buying Bajaj Allianz General Insurance plans as well and that is through the company’s website. The company allows you to buy its policies online in a simple manner.
The easiest way would be to buy the best health or motor insurance plan from Turtlemint. Turtlemint is an online platform wherein you would find a wide variety of motor and health insurance options to choose from. You can compare and choose the plan as per your coverage needs and affordability. The process of buying Bajaj Allianz General Health Insurance or Bajaj Allianz General Motor Insurance policies online through Turtlemint is as follows –
Renewing Bajaj Allianz General Insurance plans is also an easy affair. You can renew the policy online through the company’s website using the following steps –
Renewal of Bajaj Allianz General Health Insurance or Bajaj Allianz General Motor Insurance Policies can also be done online through Turtlemint. If you have bought the policy through Turtlemint you are an existing customer. You would have the login details with which you can log into your Turtlemint account. After you are logged in, choose the health or car or bike insurance plan which you would want to renew, click on ‘Renew’ and you would be able to check the policy details. If you want to renew without any changes, pay the renewal premium and the policy would be renewed.
General Insurance claim procedure by Bajaj Allianz system has been designed in a way so that it provides an absolutely easy and hassle-free claim. The claim can be registered online by going to the official site https://www.bajajallianz.com/general-insurance-claims.html together with uploading the essential documents. One can also dial the Toll-free number 1800 209 5858 for assistance OR email at bagichelp@bajajallianz.co.in.
For online claim, one can click at https://general.bajajallianz.com/BagicNxt/MotClaims/index.jsp and do the needful. Else, one can call the Toll-Free Number as mentioned above. One has to provide the following:
Post registering, a Claim Reference number will be given by the customer support officer. Intimation will be given over phone through SMS service. For roadside assistance, 24×7 this helpline is applicable.
Documents required for Motor Insurance Claims
Documents required for Health Insurance Claims
The Company offers various modes of payment which one can avail of.
Listed below the same:
One can visit https://www.bajajallianz.com/general-insurance-renewal.html and can make the online payment for renewing the policy after filling up the necessary details as mentioned to proceed further.
The company has been recognized by various awards, some of them are as below:
Bajaj Allianz General Insurance Company Address and Contact Information
The Company can be contacted in the following ways by contacting:
Bajaj Allianz General Insurance Company
Tollfree: 1800-209-0144 | 1800-209-5858
Email id: bagichelp@bajajallianz.co.in