Bajaj Allianz Third Party Car Insurance

A third-party car insurance policy covers the risk of injuring a person or damaging someone’s property in a car accident. The claim for this policy is paid as compensation for causing damage to a third party person or vehicle. According to the Motor Vehicle Act of India 1988, all vehicles must have third-party car insurance, not having this policy is illegal and can get you fined or imprisoned.

Bajaj Allianz General Insurance is an Indian-based leading private general insurance company. This joint venture between Bajaj FInserv and Allianz SE was founded in the year 2000. Bajaj Allianz offers motor, home, travel, health, fire and marine insurance. This page covers the details of Bajaj Allianz Third-Party car insurance, its key features, inclusions and exclusions, how to buy, and the premium prices.

How Bajaj Allianz Third-Party Car Insurance Works?

The third-party car insurance covers the amount the policyholder is obligated to pay for injuring someone or someone's property in a car accident. This amount is compensation for the injury or damage to a third party person or property and is covered by the insurer.

After the accident, the third party or their legal representative files a claim and an FIR reporting the motor accident. The case is taken to The Motor Accident Claims Tribunal (MACT), which is a designated Government court for road accidents. The MACT hears from both parties and concludes the payable amount. The payable amount is decided considering the extent of property damage or severity of the injury, age, and income of the victim in case of injury to a third person. The payable amount for property damage can not exceed Rs. 7.5 Lakh, but there is no such limit in case a person is injured.

Key Metrics of Bajaj Allianz Third-Party Car Insurance

Here are some key metrics related to Bajaj Allianz which will give you an impression of third-party car insurance.

Key Features of Purchasing Bajaj Allianz Third-Party Car Insurance

These are the key features of Bajaj Allianz's third-party car insurance:

• Third-Party Bodily Injury: The Bajaj Allianz third-party car insurance covers the cost of medical treatment, compensates for any disabilities caused, or death benefits for the third person who is injured by your vehicle.
  
• Third-Party Property Damage: When a third person's property is damaged by your car, this policy covers the repair or replacement cost of the same property. The property damaged can be other vehicles, buildings, or infrastructure.
• Mandatory by Law: It is compulsory in India to have a third-party insurance policy for every vehicle. Driving without an active third-party insurance policy can lead to penalties, fines, or even imprisonment.

How to Buy Bajaj Allianz Third-Party Car Insurance From InsuranceDekho?

Before following the steps to buy Bajaj Allianz third-party car insurance, ensure you have the following documents handy as they are required to purchase a policy.

1. Your registered mobile number to receive OTP
2. Your KYC details
3. A scanned copy of your passport-size photograph or a physical passport-size photograph (might be required)

Once your documents are ready, follow the steps to purchase Bajaj Allianz third-party car insurance.

Online Process

With InsuranceDekho, buying your car insurance is easy, here are the simple steps for you to follow:

Step 1: Visit InsuranceDekho’s Website

Please visit InsuranceDekho's homepage for car insurance. When the page opens, you will find a form asking for basic details of your car.

Step 2: Enter your vehicle number e.g. DLXXBRXXXX

Fill in the details asked in the form, these include your car's number plate, make and model, and year of purchase. After filling in the details, proceed to view quotes.

Step 3: Compare All Car Insurance Plans

On the screen, you will see a list of quotes from different insurers. On the top, you will find a filter called ‘Plan Type’. Click on it and select ‘Third Party’ from the dropdown list. Now only third-party policies for your car will be shown to you. Compare plans and see which plan fits your requirements. Check the quote offered by Bajaj Allianz and if it meets your expectations, click on it.

Optional Step: Connect with An InsuranceDekho Advisor

You can connect with an InsuranceDekho advisor who can help you by answering your queries, or with the process of purchase. Simply click on the “request a call back” button and provide your mobile number and you shall receive a call from our executive.

Step 5: Make Payment

After finalising your plan, complete the payment via debit card, credit card, UPI, or QR code. Your process ends here and you shall receive your policy documents soon.

Offline Process

If you wish to purchase the Bajaj Allianz third-party car insurance offline, connect with InsuranceDekho customer care at +91-7551196989 or email support@insurancedekho.com. A relationship manager will contact you and schedule a home visit. The executive will understand your requirements and guide you through purchasing.

Benefits of Buying Your Car Insurance from InsuranceDekho

At InsuranceDekho, our customers are our top priority. Here are the reasons why you should choose us as your partners in purchasing insurance:

• Certified Broker: With more than 8 years of experience in the industry, InsuranceDekho is a renowned broker and is certified by IRDAI.

• Comprehensive Offerings: We offer a wide range of insurance products including motorcycles, automobiles, term life, health, travel, SME, and POSP.

• Trusted by customers: Our dedicated customer support team is available 24 x 7 and has helped customers insure over 50 lakh vehicles.

• Dedicated Claim Support: InsuranceDekho has a claim settlement assistance team that provides policyholders guidance and tips to get through the process of claim settlement without any worries.

• Reliable Brand: We are an integral part of the renowned CarDekho group which has been a key player in the automobile industry for more than 15 years.

Price

Since third-party car insurance is mandatory to have, hence the prices have been standardised depending on the engine capacity. The reason for this standardisation of rates is to ensure it is affordable for car owners. Following are the prices of third-party insurance set by IRDAI.

For Petrol, Diesel, Hybrid and CNG Vehicles:

For Electric Vehicles:

Documents Required to Buy Bajaj Allianz Third Party Car Insurance Policy

Below mentioned is a list of documents required to purchase Bajaj Allianz third-party car insurance:

• Registration certificate of your car.
• Any of your identification documents valid for KYC verification ( Aadhar, PAN, voter ID, form 16, or Passport)
• Address Proof
• Driving Licence of the owner
• PAN card
• Previous year can insurance policy (If applicable)

Bajaj Allianz Third-Party Car Insurance Claim Process

Bajaj Allianz provides a simple process for filing a claim if you have caused injury or damage to a third party with your vehicle.

How to File a Claim (Step-by-Step Process)

Filing a claim for third-party car insurance in India can be time-consuming. It is important for policyholders to stay aware of the proper process of claim which will save them some time. Below is a step-by-step guide to assist you through the procedure:

Step 1 - Inform the authorities

After the accident, inform the insurer at the earliest to boost the claim process. The third party or their legal representative will approach you with an FIR to make a claim. A copy of FIR is mandatory for the third-party claim, so keep a copy of the same along with a copy of the charge sheet. Also, take pictures and videos of damages at the accident site to maintain the authenticity of the claim.

Step 2 - Registration and Hearing at the Motor Accident Claims Tribunal (MACT)

The cases of road accidents are managed by the Motor Accident Claims Tribunal (MACT), which is a government authority. The MACT hears from both the parties involved and decides on the compensation amount. In case of injury to a person, compensation will be as much as the medical expenses for treatment. However, there is no limit for this case, unlike the case of property damage whose sum insured can not be above 7.5 lakhs according to IRDAI. In case of death of a third party, compensation will be decided based on the deceased’s income.

Step 3 - Claim Settlement

After the MACT announces its decision and finalises the compensation amount. Bajaj Allianz will then settle the claim with the third party.

Documents Required for Third-Party Claim

To file a claim, you must ensure to keep a checklist of the documents required. Any missing or unauthorised document will put you at risk of getting your claim rejected. The common documents required for third-party claims are:

• Duly signed third-party insurance claim form
• Copy of FIR
• Your insurance policy document
• The vehicle's registration certificate copy
• Photographs of the damage caused / accident

Claim Assistance from InsuranceDekho for Third-Party Claim

InsuranceDekho has a dedicated claim support team that helps policyholders in their claim settlement process. Our team responds to queries quickly ensuring that the claim process is started without any delay. The claim assistance team assists you with the document checklist, assurance of authentication of documents, ensuring things are done on time, and warns you of any action that can lead to the rejection of the claim. Our team has experience in settling claims and hence can give you insights into how your claim is assessed. To seek assistance, contact customer care and an advisor will be assigned to you who will help you through the process. For more details, you can call 7551196989 or send an email to support@insurancedekho.com.

Bajaj Allianz Third Party Car Insurance Renewals and Cancellations

Renewal Process

To renew your third-party car insurance with Bajaj Allianz, follow the given steps:

Step 1: Visit InsuranceDekho

Go to the home page of InsuranceDekho and you will see ‘Support’ at the top of the page. Put your cursor on it and a dropdown list will appear. Click on ‘Renew’.

Step 2: Log In to your account

Enter your mobile number followed by the received OTP to log in to your account.

Step 4: Select Your Policy

Now the dashboard will show you a list of all the policies you own. Select Bajaj Allianz third-party car insurance and click on ‘Renew’.

Step 5: Make Changes and Updates if Any

The details of your policy will be reviewed, make any necessary changes like a change in address or any modifications in the car like installing CNG. Once the changes are made, proceed towards payment.

Step 6: Make Payment

Making the payment is the final step after which you will receive confirmation and you will be able to download policy documents. Complete the payment by any online method such as credit/debit card, UPI, etc.

Cancellations Process

Since the law asks you to keep your car insured with third-party car insurance, before cancelling your policy you need to purchase alternate third-party car insurance. The alternate policy is the new third-party car insurance which will remain active once you cancel your previous policy. This ensures that your car is insured without any gaps.

If you wish to cancel Bajaj Allianz's third-party car insurance, inform the insurer by contacting customer care. Proceed to buy an alternate third-party car insurance and then only your cancellation will be approved by Bajaj Allianz. After your policy is successfully cancelled, you shall receive a certificate of cancellation followed by a refund.

It is crucial to understand the inclusions and exclusions of Bajaj Allianz's third-party policy before purchasing it. Here are the inclusions and exclusions of Bajaj Allianz's third-party policy:

Inclusions

• Third-Party Property Damage: This policy covers the payable compensation by the policyholder who in a car accident caused damage to a property belonging to a third party. This property can be a vehicle, house, or any other property. The compensation amount is decided by the MACT ( Motor Accident Claim Tribunal) and cannot exceed Rupees 7.5 Lakh.
• Third-Party Injury: Any injury or harm caused to a third person by you in a car accident puts an obligation on you to bear the medical expenses for the treatment of the victim. There is no limit on the claim amount for causing an injury to a third person. In cases of disability and death of the victim, MACT decides the payable amount considering the victim's age and financial standards. This payable amount is paid by the insurer to the third party.

Exclusions

• Own Damages: The third-party car insurance policy does not cover any damages to your car.
• Driving Under the Influence of Alcohol or Drugs: If you or the driver of the car injures a person or damages someone's property while he/she was driving under the influence of alcohol or drugs, then the insurer will not cover the payable amount and you will have to pay it from your own pocket.
• Theft of Vehicle: The third-party car insurance does not offer any coverage if your car is stolen.
• Learning to Drive: If the person driving has a learner's license hurts someone or damages property while he/she was driving in the absence of a license holder, then coverage won't be provided.
• Willful misconduct or gross negligence: Anything that is suspected of willful misconduct like driving without a license or gross negligence like ignoring traffic signs increases the chances of getting your claim rejected.

Factors That Affect Your Third-Party Car Insurance Premium

Your car's engine capacity is the only factor on which the premium of third-party insurance is dependent. The rates of this insurance policy have been standardised by IRDAI to keep it affordable for car owners.

How To Calculate Third-party Car Insurance Premiums Online?

As mentioned above, the rates of third-party car insurance premiums are fixed regardless of which insurer you are picking. To calculate the premium you just need to see in which of the 3 categories your engine capacity is and the rate associated with that category will be your premium.

Bajaj Allianz Third Party Car Insurance Support

InsuranceDekho offers its assistance in various insurance-related processes or queries. To seek assistance from InsuranceDekho in buying, renewing, or fling claims for your third-party car insurance, contact us through the following channels:

• Calling on +91-7551196989
• Emailing at support@insurancedekho.com

You can contact the support team of Bajaj Allianz by:

• Calling on: 800-209-5858
• Emailing at: bagichelp@bajajallianz.co.in
• For senior citizens: seniorcitizen@bajajallianz.co.in