Bajaj Allianz car insurance offers 2 car insurance plans. The premium of these plans starts from Rs. 714/yr. Details of the comprehensive coverage provided by the following 2 Bajaj Allianz car insurance plans are listed below:
Starting Premium- ₹ 885/yr
Starting Premium- ₹ 714/yr
Add-ons are additional coverage benefits which can be chosen voluntarily by paying an additional premium. Add-ons help increase the scope of coverage of the Car insurance policy. Bajaj Allianz Car insurance plans offer the following types of add-ons with the comprehensive policy:
Features Of Bajaj Allianz Car Insurance Plans
Exclusions Under Bajaj Allianz Car Insurance Plans
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Here are some ways in which you can reduce the premium of your bike insurance policy
IDV is calculated by deducting the age based depreciation from the market value of the car. The rate of depreciation and the consequent IDV are determined as per the following table
Age of the bike | Depreciation rate | IDV |
Up to 6 months | 5% | 95% of the market value |
More than 6 months but less than 1 year | 15% | 85% of the market value |
More than a year but less than 2 years | 20% | 80% of the market value |
More than 2 years but less than 3 years | 30% | 70% of the market value |
More than 3 years but less than 4 years | 40% | 60% of the market value |
More than 4 years but less than 5 years | 50% | 50% of the market value |
The rate of depreciation on the different parts of the bike are calculated using the following table
Types of parts of the bike | Depreciation applicable |
Rubber, plastic or nylon parts | 50% |
Fibreglass parts | 30% |
Tyres and tubes | 50% |
Metal parts | As per the depreciation of the Insured Declared Value of the bike |
The no claim bonus starts at 20% and then increases every year in which you do not make a claim.
The rates are as follows
Claim history | No claim bonus allowed |
No claims in the first policy year | 20% |
No claims in the two successive policy years | 25% |
No claims in three successive policy years | 35% |
No claims in four successive policy years | 45% |
No claims in five or more successive policy years | 50% |
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