Bajaj Allianz Bike Insurance Claim

Bajaj Allianz bike insurance has an impressive claim settlement ratio of 88.83% (in the financial year 2019-2020). It has successfully settled thousands of claims through its seamless and easy claim settlement procedure. Bajaj Allianz has digitalized the claim procedure to facilitate its policyholders by simplifying the whole process. It has set up an efficient helpdesk service as well to assist its policyholder at any hour of the day. The requirement and process of claim settlement have been elaborately discussed below.

List of Documents Required During Claim Settlement

Following documents are required at the time of a claim settlement in case any of the below-mentioned situation occurs:

1. In Case of an Accident

• Original policy documents of two-wheeler insurance policy
• Duly filled and signed claim form
• Copy of Registration Certificate (RC)
• Copy of Driving License
• Copy of FIR (First Information Report)
• Original tax receipts
• Estimate of cost of repairs
• Payments receipts/bills once the repair has been done

2. In Case of Theft

• All documents required for making a claim for a two-wheeler insurance policy in case of an accident.
• ‘No Trace Report’ of the insured two-wheeler from the police.
• Duly filled and signed 26, 28, 29, 30 and 35 Forms
• Original Registration Certificate (RC)
• Theft declaration from Regional Transport Office
• All sets of keys/Warranty Card/Service Booklet

3. In Case of Third Party Claims

• Duly filled and signed claim form
• Original/Copy of two-wheeler insurance policy
• Copy of Registration Certificate (RC)
• Copy of Driving License
• Copy of FIR (First Information Report)

How to Make a Bajaj Allianz Two-Wheeler Insurance Claim Online?

You can easily file a claim on the official website of Bajaj Allianz General Insurance or email on bagichelp@bajajallianz.co.in or register your claim on Bajaj Allianz General Insurance app ‘Caringly Yours’. Below mentioned steps can help you file a claim on the official website of the insurance provider:

Step 1: Register the Claim

Visit the official website of Bajaj Allianz General Insurance click on the tab ‘Claim’, then select motor and click on the ‘Register Online’ tab. Enter your policy number and then proceed. Thoroughly check your policy details and mention the claim details.

Step 2: Upload the Supporting Documents

After you have registered the claim, you must upload and submit the supporting documents which are required for inspection. On the Website, you can easily upload the documents needed for claim assessment. To upload and submit your documents, enter your insurance number and claim number.

Step 3: Check Claim Status

After you have uploaded the documents, you check your claim status anytime you wish to. Enter your claim number and policy number to track your claim status.

How to Make Bajaj Allianz Cashless Bike Insurance Claim?

In the procedure of claim settlement by Bajaj Allianz, the following steps are to be followed:

Step 1: Contact your insurer and register the claim

Initiate the claim settlement process by contacting the insurer and registering the claim by providing them all the necessary details such as place, location and time of the accident, details of witnesses (if collected) etc. The easiest way to connect to your insurer is by dialling their toll-free helpline number 1800-209-5858. You can also mail at bagichelp@bajajallianz.co.in to register the claim. Registering claim online through their official website is another option for you.

Step 2: Inspection of damages

After filing a claim, the insurance company sends a surveyor to the scene of the accident to assess the amount of the damage to the bike caused by the accident.After the assessment of damage, you can take your bike for repairs.

Step 3: Send in your bike for repair

After the survey of your bike, tow it to the nearest network garage of Bajaj Allianz Two-wheeler Insurance. You can also request the insurer to arrange for the towing service.

Step 4: Claim Settlement

The insurance company will pay the repair expenses at the cashless garage. You just need to pay compulsory deductibles and voluntary deductibles (if any) to the insurer and take your bike home!

How To Make Bajaj Allianz Reimbursement Bike Insurance Claim?

If you repair your bike anywhere other than the network garages, you can file a claim with the insurer for compensation.You need to pay the repair expenses in the first place and then the amount is disbursed by the insurer. The process of reimbursement involves following the mentioned steps:

Step 1: Contact the insurer and register the claim

Initiate the claim settlement process by contacting the insurer and registering the claim by providing them all the necessary details such as place, location and time of the accident, details of witnesses (if collected) etc. The easiest way to connect to your insurer is by dialling their toll-free helpline number 1800-209-5858. You can also mail at bagichelp@bajajallianz.co.in to register the claim.

Step 2: Assessment of damages

A surveyor is sent to assess the condition of the bike before it is sent for repair. You need to submit all the required documents to the surveyor at this stage.

Step 3: Repair and Reimbursement

You can now take your bike to a garage of your choice and pay for the repairs. To initiate the reimbursement process with the insurer, submit the bills and receipts of the repair along with the documents to the insurance company. The insurer estimates the reimbursement amount after examining all the facts and factoring in all the deductibles and depreciation. The payment was finally disbursed by the company.

Common Bajaj Allianz Bike Insurance Claim Rejection Reasons

Bajaj Allianz has set some standards that every policyholder needs to follow to settle a claim. The insurer rejects the claim under the following circumstances:

• Registration of a fraud Claim
• Misinterpretation of facts
• Driving without a license or under the influence of alcohol/drugs
• Delay in intimation about the mishap to the insurer
• Act of negligence.

Bajaj Allianz No Claim Bonus

With every Bajaj Allianz own-damage policy purchased for a two-wheeler, the policyholder gets Eligible for a No Claim Bonus for each year without a claim. This reward is given by insurance companies as a mark of good driving and is cumulative.In the fifth consecutive year, the reward goes up to 50%. To keep this reward intact it is advised that customers refrain from filing a claim for their two-wheelers unless the damage caused due to the mishap is significant. This is because even a minor claim disables the accumulated NCB.

Furthermore, to keep the No Claim Bonus in two-wheeler insurance intact it is also crucial to renew the policy on time. If the policyholder is unable to renew on time the NCB becomes invalid. To avert such losses insurance companies provide their customers with a 90 day grace period from the date of expiry. But any delays after this period leads to the direct cancellation of the two-wheeler insurance and the NCB with it.Furthermore, the No Claim Bonus can be transferred. The NCB remains intact whether the policyholder changes to a different insurance provider at renewal or sells their two-wheeler to buy a new one.

Bajaj Allianz has set some standards that every policyholder needs to follow to settle a claim. The insurer rejects the claim under the following circumstances:

• Registration of a fraud Claim
• Misinterpretation of facts
• Driving without a licence or under the influence of alcohol/drugs
• Delay in intimation about the mishap to the insurer
• Act of negligence.

Bajaj Allianz No Claim Bonus

With every own-damage cover purchased for a two-wheeler from Bajaj Allianz, the policyholder becomes Eligible to receive No Claim Bonus for every claim-free year. This reward is given as a token for safe driving by the insurance providers and is cumulative in nature. In the fifth consecutive year, the reward goes up to 50%. To keep this reward intact it is advised that customers refrain from filing a claim for their two-wheelers unless the damage caused due to the mishap is significant. This is because even a minor claim disables the accumulated NCB.

Furthermore, to keep the No Claim Bonus in two-wheeler insurance intact it is also crucial to renew the policy on time. If the policyholder is unable to renew on time the NCB becomes invalid. To avert such losses insurance companies provide their customers with a 90 day grace period from the date of expiry. But any delays after this period leads to the direct cancellation of the two-wheeler insurance and the NCB with it. Additionally, the No Claim Bonus is transferable. If the policyholder decides to shift to a different insurance provider at the time of renewal or sell their two-wheeler to purchase a new one the NCB remains intact.