Bajaj Allianz General Insurance, a joint venture between Bajaj Finserv Limited and Allianz SE, is one of the most trusted insurers in the Indian finance market. Bajaj Allianz General Insurance offers a plethora of products that provide financial protection against various untoward incidents related to home, property, health, travel and vehicle. Thus, these insurance plans help customers prepare for any inevitable situations in life.
Types of Insurance by Bajaj Allianz General Insurance
Bajaj Allianz offers various types of general insurance products under different heads. These plans are designed keeping in mind various needs and requirement of people. Let us look at different types of general insurance products by Bajaj Allianz:
- Health Insurance
- Travel Insurance
- Commercial Insurance
- Cyber Safe Insurance
- Motor Insurance
- Home Insurance
- Crop Insurance
|Entry Age||Children: 0 months – 30 years|
Adults: 18-75 years
|Maximum Sum Insured||Rs.1.5 lakh – Rs. 50 lakh|
|Premium Payment Frequency||Monthly/Quarterly/Half-yearly/Yearly|
Bajaj Allianz General Insurance Plans
Health Insurance: A good health insurance policy ensures that a person can avail the best medical facility when needed, without exhausting his/her savings. Hospital expenses are quite high today. Thus, an insurance cover ensures that you get easy claim settlements for pre-and post-hospitalisation charges, daycare treatments, etc. The plans under this head are:
|Name of the Plan||Features||Entry Age||Sum Insured|
|Bajaj Allianz Individual Health Insurance Plan||Adults: 18-65 years|
Children: 3 months-30 years
|Rs.1.5-Rs. 50 lakh|
|Bajaj Allianz Health Insurance for Family -Health Guard|| |
Adults: 18-65 years
Children: 3 months-30 years
|Rs.1.5-Rs. 50 lakh|
|Bajaj Allianz Extra Care Plus Policy|| |
Adults: 18-80 years
Children: 91 days-30 years
|Rs. 3–Rs. 50 lakh|
|Bajaj Allianz Health Insurance Critical Illness|| |
Adults: 18-60 years
Children: 6 years
|Rs 1-50 lakh for 6-60 years|
Rs 5 lakh for 61-65 year
|Bajaj Allianz Global Personal Guard Policy|
Adults: 18-70 years
Children: 3 months-25 years
|Rs. 50,000-Rs. 25 lakh|
|Bajaj Allianz M-Care||Adults: 18-65 years|
Children: 0 days
Travel Insurance: A travel insurance guards an individual’s financial losses that may occur while travelling abroad or in the country for business, vacations or studies. Bajaj Allianz Travel Insurance plans are in three versions – Travel Companion, Travel Elite and Travel Prime. The plans cover loss of baggage and passport and offers emergency cash assistance, among other things.
Based on your needs, you can choose from the following Bajaj Allianz Travel Insurance plans:
|Name of the policy||Features||Sum Insured||Entry Age|
|Bajaj Allianz Individual Travel Insurance||US $50,000-500,000||No age limit|
|Bajaj Allianz Travel Insurance for Family||US$50,000- 500,000||Adults: 18-60 years|
Children: 20 years
|Bajaj Allianz Travel Insurance for Students||US$50,000-1,000,000||No age limit|
|Bajaj Allianz Travel Insurance for Senior Citizens|| |
|Bajaj Allianz Bharat Bhraman Policy|| |
|No age limit|
Motor Insurance: A motor insurance for vehicles is mandatory as per Indian laws. It covers financial losses in case of an accident, theft, wreckage due to natural disaster, etc. Third party legal liabilities are also covered. A comprehensive package deal provides complete insurance to the vehicle and its owner.
Bajaj Allianz offers the following motor insurance policies:
|Name of policy||Add-on Covers||Features|
|Baja Allianz Car Insurance|
|Bajaj Allianz Two-wheeler Insurance|
|Bajaj Allianz Commercial Vehicle Insurance|
Home Insurance: The plans provide financial claims in case of any damage to your house or its contents. Bajaj Allianz offers three types of home insurance plans. Let us look at some of the aspects of the plan.
|Name of policy||Add-on Covers||Features|
|Baja Allianz Home Insurance Policy|
|Bajaj Allianz House Holders Package Policy|
|Bajaj Allianz Easy House Holders Package Policy|
Cyber Safe Insurance: Internet is now an integral part of our daily lives with the growth in technology. We are not aware of the varied risks we have been exposed to with regular use of Internet for social interactions, financial transactions etc.
Bajaj Allianz Individual Cyber Safe Insurance Policy
The policy safeguards against the following cyber threats:
- Theft of Identity
- Cyber Stalking
- Liability of the Social Media forums
- Cyber extortion
- Email Spoofing
- IT Theft Loss
- Media Liability claims
- Third party breach of data
The policy provides coverage ranging from Rs. 1 lakh to Rs. 1 crore. This is the first insurance plan in India providing coverage against cyber crimes. The policy also covers IT consultant costs and counselling services.
Exclusions in Cyber Safe Policy
Policy does not cover the following points:
- Damage to property or individual
- Cheating or inappropriate behaviour
- Unwelcome communication
- Illegal collection of data
- Improper or lewd services
Commercial Insurance: Bajaj Allianz General Insurance is well known for providing insurance policies for business purpose – be it small scale firms to large enterprises and multinationals. They cover almost all the sectors of industry. Some of the available plans are:
- Property insurance
- Marine insurance
- Liability insurance
- Financial lines insurance
- Engineering insurance
- Energy insurance
- Employee benefits insurance
- International insurance solutions
Business companies can choose one or more of the above available plans as per their insurance needs. Bajaj Allianz aims to provide good quality client experience and fair return to its stakeholders.
Bajaj Allianz General Insurance Claim Process
To register your claims quickly over the phone, you may call on their toll free number: 1800-209-5858
There are separate dedicated numbers for some of the heads:
Travel Insurance: 91-124-6174720
Health Insurance: 1800-103-2529
24×7 Roadside Assistance: 1800-103-2529
Extended Warranty: 1800-209-1021
You can also opt for the online mode.
- Click on link https://general.bajajallianz.com/BagicNxt/genclaims/index.jsp
- A new page will open. Fill in the form here
- Select the task vis-à-vis “Claim Registration”, Policy Number, E-mail ID and your Registered Mobile Number
- Submit the same and the rest will be taken care of by the insurance company
The process goes something like this:
- Intimation of the claim by the policyholder
- Surveyor is appointed for assessment of the claim made
- List of documents to be provided to the insurance company is sent to the policyholder who has to arrange for them within 7-15 working days
- After receipt of the aforesaid documents, verification is done by the insurer
- After assessment of the survey report, claim amount is finalized and payment is released
Documents Required for Claim Process
Below is the list of necessary documents to be submitted in support of your claim request:
- ID proof (AADHAR Card, Voter’s Card, PAN Card, etc.)
- Address Proof (AADHAR Card, Voter’s Card, Electricity Bill, etc.)
- Medical reports and medical bills for health insurance
- Copy of FIR for accidental claims
Note: This is not an exhaustive list, thus, the insurance company might ask you to produce other documents as well.
Cases Where you Can’t Claim Bajaj Allianz General Insurance (Exclusions)
The plans offered by Bajaj Allianz General Insurance are quite comprehensive, but there are certain situations where your claim would stand void. Some of these situations/conditions are listed below:
- Suicide or attempt to suicide
- Indulgence in riots, terrorism, etc.
- Voluntary participation in war
- Encountering unpleasant events under the influence of alcohol and/or drugs
- Driving without valid license
- Treatments of HIV-AIDS
- Expenses incurred in cosmetic surgery, hair-transplant, gender change, etc.
How Long Does it Take to Pay Out the Claim?
Bajaj Allianz General Insurance, being Asia’s top-rated insurance company, has the reputation of satisfying their clients to the best of their capacity and this undoubtedly includes claim settlement. According to the company website, the claims are usually settled within a period of of 30 days (in some cases it may wrap up in 7-15 days only). This time period is adhered only if all the required documents are submitted without any fraudulent activity.
Advantages of Buying Bajaj Allianz General Insurance Plans
- Extremely dedicated customer care staff
- Comprehensive product line to encompass almost all spheres of life that may require insurance
- User-friendly interface
- Application processed with minimal paperwork
- Option to increase the sum insured at the time of renewal
Q1. What are the documents needed to file a claim for home insurance?
To file a claim for home insurance, one must submit the duly filled in claim form. For instance, if a claim is made for burglary, an FIR report has to be submitted along with the claim form. In case of damage due to fire, a fire brigade report needs to be submitted.
Q2. Can I get travel medical insurance for senior citizens who are above 70 years?
Yes, Bajaj Allianz Senior Citizen Travel Insurance provides coverage to senior citizen travellers in the age group of 71 – 85 years for 6 months with coverage of US$50,000. There are 3 classes of plans available under this policy – Travel Companion, Travel Elite and Travel Prime.
Q3. What are pre and post hospitalisation expenses?
Expenses like medicine cost, examination cost etc. that are incurred before and after the hospitalisation are called pre and post hospitalisation expenses respectively. For most of the plans, 60 days of pre-hospitalisation charges and 90 days of post-hospitalisation charges are covered under hospitalisation claim.
Q4. What is the policy period for cyber safe insurance?
It is an annual policy.
Q5. How many hospitals are tied up with Bajaj Allianz General Insurance for cashless claim settlements?
The company has a tie-up with over 6,000 hospitals across India for cashless claim.