Bajaj Allianz Motor Insurance
It's a joint venture between Bajaj Finserv Limited (recently emerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a reputation of expertise, stability and strength. Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA) certificate of registration on 2nd May,2001 to conduct various businesses (including Health Insurance business ) in India. The company has an authorized and paid up capital of Rs110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE. The Bajaj Allianz has achieved LOKMAT 2014 BFSI Awards for Best Life Insurance Company in Private Sector and received SKOCH Financial Inclusion & Deepening Award 2014. It is known to be the Best Insurance Company in the private sector in the IPE Banking, Financial Services and Insurance (BFSI) 2013.
Motor insurance is commonly known as vehicle insurance that assist you with financial protection against and theft or damage to your four wheeler or two wheeler. Two different types of coverage are included under this- comprehensive and liability coverage. An additional coverage that few insurance companies offer is accidental insurance. It provides complete coverage to the vehicle and makes a person feel secure against several unwanted incidents.
Types of Motor Insurance
Bajaj Allianz offers three types of motor insurance :
Car Insurance: when you drive, insurance is the most important document that you must carry along otherwise you will have to pay a fine. This plan provides complete coverage to your car and third party liability cover as well. It protects from unwanted expenses that can occur due to a man –made or natural calamity. Two types of coverage are available, namely comprehensive and third party liability.
Two-Wheeler Insurance: Two wheeler provides freedom to drive safely and legally. As it is mandatory in India to have insurance if you own a vehicle, this plan assist you with financial protection against expenses that may occur to your vehicle because of any accident and in the case of a theft. Liability only: this plan provides coverage to you towards third party for any injury, damage or death caused by the insured vehicle. This plan claims to provide peace of mind. It also covers commercial vehicles.
Others plans of Bajaja Allianz genral Insurance Company are:
|ICICI Lombard General Insurance Company Limited||2706||3214|
|IFFCO Tokio General Insurance Company Limited||1585||1762|
|Shriram General Insurance Company Limited||1517||1481|
|Reliance General Insurance Company Limited||1292||1445|
|Cholamandalam MS General Insurance Company Limited||1066||1250|
|Bajaj Allianz General Insurance Company Limited||2399||2700|
Bajaj Allianz General Insurance Company Ltd.
GE Plaza, Airport Road, Yerawada, Pune 411 006.
Customer Care Number: 1800- 209- 0144
Insurance is the subject matter of solicitation
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