What Is A Car Insurance | Bajaj Allianz Car

What Is A Car Insurance

What Is A Car Insurance

Car insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

Car insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.Car Insurance

Also See : How To get Cheapest car insurance

Why Bajaj Allianz Car Insurance?

With a constant increase in the number of cars on the road, it gets very tough to protect your car from unwanted mishaps. High repair costs, coupled with the cost of spare parts, can definitely pinch your pockets, which is why it is essential to have a good Car Insurance or a Package Motor Insurance policy. Bajaj Allianz offers car insurance with a range of covers to choose from.

With Bajaj Allianz’s innovative and all-round insurance plans and easy vehicle insurance renewals, you get covered with regards to all aspects that an ideal Car Insurance policy should have. On the basis of the plans you opt for, you secure yourself against road accidents, theft, among others along with which you can get cashless settlement at network garages and a lot more! You also get to choose add-on covers of your choice with your Car Insurance policy and with our 24×7 Roadside Assistance facility, help is just a phone call away.

Also See : vehicle on-road insurance

Note: This policy is applicable only for private cars.

Key Benefits of Bajaj Allianz Car Insurance

Avail 24×7 call assistance and SMS updates for claims support, even on holidays.Transfer up to 50% of your existing No Claim Bonus (NCB) from any other car insurance provider Cashless claim settlement at over 4000 preferred garages across the country, bringing to you high service standards.

Receive 75% on account payment facility based on requirement and when liability is above a certain limit.Avail 24×7 Roadside Assistance with your Car Insurance policy.Towing Facility in the event of a vehicle breakdown or an accident.Zero Depreciation Cover can be availed as an add-on cover with Car Insurance.

Note: This premium quote considers the full NCB (No Claim Bonus) and system generated IDV. It is valid only for policies bought online

Coverages of our Car Insurance policy

Loss or damage to your car due to natural calamities
Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide and rockslide.

Loss or damage to your car against man-made calamities
Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.

Personal Accident Cover Car Insurance

Coverage of Rs. 2 lakh for the owner-driver of the vehicle while driving or travelling and mounting or dismounting from the Four-wheeler. Optional personal accident covers for Passenger/ Paid Driver/ driver/ Insured are also available

Third Party Legal Liability

Protection against legal liability due to accidental damages caused to the surrounding property and/ or resulting in permanent injury or death of a person.
Add on Covers with your Motor Insurance/Car Insurance policy

A Motor Insurance/Car Insurance policy is only complete once it exceeds the satisfaction of providing security and peace of mind, which is why we have introduced add-on covers that will be of use any time you are in a crisis situation.

24×7 Spot Assistance

This is a Pan-India cover for car insurance policyholders who need assistance while on the road. This includes providing service for emergencies such as repair of flat tyre, jump start for car battery, legal advice in case of an accident and many more.

Lock and key replacement cover

In the event of an irrecoverable loss of keys or a security risk arising out of a loss of the same, you will be indemnified for the cost incurred in fitting or purchasing new locks or replacement of keys of the insured vehicle.

Accident Shield

Compensations will be made for total permanent disability or death of occupants (other than a paid driver), which arises out of bodily injury due to an accident that takes place while they are traveling in the insured car.

Consumable Expenses

Cost of consumables such as Engine oil, Gear box oil, Power steering oil, coolant, AC gas oil, Brake oil, etc. that may be incurred while replacing/replenishing the damaged vehicle, following an accident, will be covered by our Car Insurance/Motor insurance policy.

Conveyance benefit

If the insured car is in a workshop following accidental damage and the claim for the same is accepted, the insured would get a ‘per day’ cash benefit, as per the plan opted by the insured.

Personal baggage

The Insured is indemnified in case of any loss or damage caused to his/her personal baggage kept in their insured vehicle. Damage caused by the covered perils is covered in under Bajaj Allianz’s Motor Insurance/Car Insurance policy

Car insurance is basically a contract between a customer and an insurance company. The insurance provider agrees to pay the customer for the losses defined in the policy, in exchange for the premium that the customer pays.

Auto insurance offers liability coverage on third-party property and life. This implies that if a third-party incurs a loss in a car accident that was caused by the insured car, the car insurance company will bear the expenses.

Some policies also offer medical coverage, either in the form of riders or as a built-in aspect of the insurance cover. Medical coverage pays predominantly for the cost of treatment of injuries, compensation for lost wages, rehabilitation expenses, and funeral costs.

Coverage under a car insurance policy includes damage to the vehicle or theft, as well.

what is a life insurance

Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The insurance company promises a death benefit in consideration of the payment of premium by the insured.

Ganeral insurance vs Helth insurance

Ganeral insurance

The fundamental goal of general insurance is to protect an individual against loss or damage of an asset. Continuing the above example, imagine that you finally decided to buy an SUV. The cost of the car is Rs 10 lakhs. This is a large sum of money and in case any damage occurs to the car, you could end up paying a lot of money towards repairs. A car insurance policy can help you avoid financial burden in case any damage occurs to your car.

Similarly, there are many other insurance policies such as insurance against theft, fire, accidents and loss of property. These come under general insurance.

Health insurance

On the other hand, health insurance is a specific type of insurance product that is designed to cover the cost of medical care. Everyone hopes to be as healthy as possible. However, sickness or personal injuries can come up at any time.

An office colleague, for example, who is suffering from a viral infection, could pass on the illness to you without your knowledge.