Bajaj Allianz
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What are the steps involved in registering a motor (car and two-wheeler) claim?

13

Nov, 2010

What are the steps involved in registering a motor (car and two-wheeler) claim?

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To register an insurance claim with us, you need to follow a simple and easy process. Follow the steps listed below: Step1: Park the vehicle safely Step 2: Intimate Bajaj Allianz Step 3: Shift the vehicle to a repair shop Step 4: Hand over documents to surveyor / garage Step 5: Reimbursement and claim settlement To locate the closest Bajaj Allianz Preferred Garage, visit Garage Locator Toll Free: 1800-22-5858 | 1800-102-5858 | 020-30305858 Step 1: Park the vehicle safely Shift the vehicle safely to the side of the road to avoid […]

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How does a No Claim Bonus help me?

3

Aug, 2010

How does a No Claim Bonus help me?

By: | Tags: , , , , , , , , | Comments: 26

The No Claim Bonus is a great way to progressively reduce your motor insurance premium. For example, the table below shows the premium payable towards a Maruti Wagon R costing INR 3.6 lakhs, over six years in following scenarios: Scenario 1: When no claim is made and the No Claim Bonus is earned, as applicable Scenario 2: When a claim is made every year   IDV Scenario 1 (With NCB) Scenario 2 (Without NCB) Year Value in INR NCB % Premium NCB % Premium Year 1 360000 0 11,257 0 […]

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What is IDV in Motor Insurance?

30

Jul, 2010

What is IDV in Motor Insurance?

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The Insured’s Declared Value (IDV) of your vehicle is deemed to be the ‘SUM INSURED’ for the purpose of tariff calculation and it is usually fixed at the commencement of each policy period for each insured vehicle. The IDV is fixed on the basis of the manufacturer’s listed selling price of the particular model of the vehicle at the commencement of the policy or at the time of renewal of the policy. IDV is treated as the ‘Market Value’ throughout the policy period without any further depreciation for the purpose of Total […]

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What is NCB and How Does it Affect My Motor Insurance Premium

14

Jul, 2010

What is NCB and How Does it Affect My Motor Insurance Premium

By: | Tags: , , , , , , , , | Comments: 12

What is NCB and under what circumstances is it applicable and how does it benefit the vehicle owner? NCB is short for No Claim Bonus. It is given to the owner of the vehicle, who is also the policy holder, if he/she has not filed any claim in the previous policy year. The NCB reflects as a percentage discount on the insurance premium for the vehicle owner. If you have NCB, then you can avail a discount ranging from 20-50% on the Own Damage Premium. NCB helps you save on your motor […]

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