5 Key Benefits of Applying For Bike Insurance At Bajaj Allianz

Purchasing a bike would have been a dream come true. Taking care of your bike can involve expensive bills. Especially, when you consider repairing the damages sustained by your bike in case of an accident. Therefore, investing in bike insurance is the best way to avoid these unwanted and burdening expenses. To select the most optimal insurance policy, you will need to compare different policies since different insurance companies offer different plans. In this article, you can read about the benefits of purchasing bike insurance with Bajaj Allianz General Insurance company.

Top 5 Key Benefits of Purchasing Bike Insurance With Bajaj Allianz 

Since different insurance companies offer different insurance plans, it is always wise to compare different insurance policies using multiple parameters. This will make you aware of the different facilities that are available and also help you to select the policy that best suits you. When you purchase bike insurance, it is very important that you check that it offers the facilities that you require. The following are the key features of Bajaj Allianz General Insurance that make purchasing bike insurance beneficial - 

• Legitimate and Reliable 

The primary step that you should take while purchasing bike insurance is to check the legitimacy of the insurance provider. Verifying the genuinity of the company will save you from fraudulent companies. Purchasing your bike insurance from a reputed company indicates that you can rely on your insurance provider in case of any accidents. Bajaj Allianz General Insurance is a licensed insurance provider that registered a claim settlement ratio of 88.83% in FY20. 

• Ideal Coverage Options

Your bike insurance policy will provide you with financial assistance in case of any misfortune accident. However, the situation that it covers depends entirely on the type of policy you choose. It is wise to purchase a plan that provides optimal coverage for your bike. Bajaj Allianz General Insurance offers policy plans that help in providing blanket protection for you and your bike. 

• Additional Covers 

Additional covers are the facilities that are offered by the insurance company to help their customers get extra coverage. The add on covers situations that are not covered by the standard insurance policy. You can customize your bike insurance plan to your requirements by adding these covers to your bike insurance. Bajaj Allianz General Insurance provides 8 add on covers that you can choose from. They include- EMI Protection, Zero Depreciation, NCB Protection, Helmet Cover, Personal Accident Cover, Roadside Assistance Cover, Engine Protection, and Consumables Expenses. 

• Quick Renewal And Claim Settlement 

With the improvement in technology, most insurance companies have enabled their customers to purchase, renew and claim their bike insurance online from the comfort of their residence. At Bajaj Allianz General Insurance, you can renew your bike insurance at your convenience regularly online without any hassle on the company’s official website. Bajaj Allianz also settles your claim within 20 minutes with speedy online facilities. 

• Cashless Facility 

The cashless repair facility is one of the most beneficial facilities that is offered by insurance companies. This is a facility that enables the policyholders to repair the damages sustained by their bikes at the garages that are associated with the insurance company. By doing so, the policyholder does not have to pay the repair bills. The garage sends the invoice directly to the insurance company. The company then analyzes and settles the bill without involving the policyholder. Bajaj Allianz General Insurance has over 4,000 network garages enabling a seamless cashless repair facility for your bike. 

Take Away

According to the Indian Motor Vehicle Act, it is mandatory for every bike owner to insure their bikes. However, with the increase in the number of vehicles on the road has made having insurance more than obligatory. Therefore, make sure to compare different insurance policies and purchase the one that best suits your needs.

Also Read: 

Benefits of Third-Party Bike Insurance

Factors To Consider While Purchasing Bike Insurance Online

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.