Bajaj Allianz Car Insurance Renewal

After the aforementioned details have been filled up duly, click on 'proceed for renewal' and you will be taken to 'Policy Details' page. This will be followed by 'Premium Details' page and 'Policy Dispatch Details' page. After successful completion of filling up the required details on each of these pages, you will receive a welcome letter. Congratulations! Your car insurance policy has been renewed.

Renewing your car insurance protects you from various unforeseen circumstances like accidents, thefts, and damages caused by natural calamities or man-made actions.

Benefits of Renewing Bajaj Allianz Vehicle Insurance Online

These are the benefits of renewing your Bajaj Allianz car insurance policy online:

1. Time-Saving
2. Less paperwork
3. Easy comparison of different premiums, features, and policies online
4. Multiple payment modes
5. Transparent processes
6. No middlemen
7. Quick policy renewal
8. Convenience of renewing it anytime and anywhere
9. Check your policy status and renew in future also online

The Key Features Of Bajaj Allianz Car Insurance Renewal Are

1. Cashless claims at over 1500 preferred garages/workshops
2. Towing facility is provided in case of an accident or a breakdown
3. Get instant assistance on your claims and updates about your claim status through SMS alerts
4. Enjoy hassle-free vehicle inspection in the 1500 preferred workshops
5. Covers loss or damage caused by natural calamities - fire, explosion, earthquake, storm, etc.
6. Covers loss or damage caused due to man-made reasons - theft, riot, burglary, damage in transit, etc.
7. Accident Coverage for the individual owner/driver of the vehicle
8. Protection from legal liability in case of death or property damage of a third party.

To make things easier, you can subscribe to the renewal reminder feature on Bajaj Allianz website. Enter your name, contact details and renewal date. A reminder will be sent to renew your car insurance policy . You cannot enjoy the benefits of having an insured car after your car insurance term expired. Hence, renewing your car insurance (once the initial term expires) is very important.

Inclusions under Bajaj Allianz Car Insurance Policy

The following are the inclusions under a comprehensive vehicle insurance policy:

Personal Accident Coverage: Provides financial compensation to the policy holder in case of any physical disability due to an accident or financial compensation to the nominee in case of death of the policy holder due to an accident

Third-Party Coverage: If a third-party has been injured or property damaged due to an accident, this covers the financial compensation that has to be provided to them under the law

Damages Due to Natural Calamities: Damages due to riots, burglary, theft, strikes, vandalism, etc., are covered under this.

Exclusions under Bajaj Allianz Car Insurance Policy

These are the exclusions under the vehicle insurance policy:

1. Damages incurred if found to be driving under the influence of substances that are prohibited
2. Depreciation of the vehicle and ageing of components due to normal wear and tear
3. Uncontrollable external influences such as nuclear attacks, mutiny, or war
4. Invalid license nullifies insurance protection

Factors that Influence Your Vehicle Insurance Premium

These are the factors that can reduce or increase the premium of your vehicle insurance:

1. Digital Insurance comes with lower premiums on purchase and renewal
2. Type of engine (diesel or petrol)
3. Age of the vehicle
4. Place (metro or rural)
5. Model of the vehicle
6. Type, composition, cubic capacity, etc.
7. Add-Ons such as passenger cover, zero depreciation, etc.
8. Deductibles: Voluntary deductibles minimise premiums through contribution of a predetermined amount
9. Anti-theft devices certified by ARAI fetch discounts on premiums
10. Type of coverage (comprehensive is more expensive than standalone)
11. Buying a policy directly from a seller rather than an agent
12. No Claim Bonus (enabling you to get a discount on future premiums if no claims have been raised in the previous year)

GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017