Life is full of uncertainties and you will need insurance to make it through. There are many types of insurance covers available like term insurance, life insurance, and general insurance.
General Insurance is like one big umbrella which covers you and your family from losses with separate policies for health, overseas travel, vehicles, house, and more. Whereas, life insurance protects your family in the unfortunate situation of loss of your own life.
The insurance company will bear your losses, but you need to pay them a premium amount for the sum assured amount on regular intervals as decided.
About Bajaj Allianz General Insurance
Bajaj Allianz General Insurance Company is a collaboration of Allianz SE which is a world famous insurance companies and Bajaj Finserv Limited. Almost 74% of the stocks are held by Bajaj Finserv Limited and the remaining 26% is occupied by Allianz SE.
The Bajaj Allianz General Insurance Company was introduced in the year 2001. This company has won many awards and recognitions such as ‘India’s Leading Insurance Company in the Non-life sector in the year 2017 BFSI Awards.
Bajaj Allianz General Insurance Company Ltd is one of the most robust General Insurance companies in India, and if you’re looking to buy general insurance in 2018, then this is the one for you.
Here are the top reasons which make it the best choice for you.
· Customer-centric Approach
It has won the hearts of millions of Indians with its customer-centric insurance packages which are not only affordable but also comes with great customer service and claims assistance.
· High Claims Assistance
Bajaj Allianz General Insurance makes your entire insurance claims process smooth and easy. It offers excellent claims support to its customers with the entire process available online for you. You can register your claim online, easily upload all the relevant documents there, and also check your claim status online itself.
· Strong Financials
The company is a grand alliance between Bajaj Finserv Limited and Allianz SE. It received the Insurance Regulatory and Development Authority (IRDA) certificate of registration in 2001 to start its insurance business in India.
It has a paid-up capital of INR 100 Crores where Bajaj Finserv Ltd holds 74% while Allianz, SE has 26% holdings. Bajaj Allianz General Insurance Company has received iAAA rating from ICRA for 11 consecutive years which indicates it’s the highest claims paying company.
· High Industry Ratings
Bajaj Allianz General Insurance Company Limited recently won the General Insurance Company of the Year at The India Insurance Summit & Awards 2018. It was also awarded by the prestigious Economic Times newspaper as the Best BFSI Brand of 2018.
One of the biggest reasons for choosing Bajaj Allianz General Insurance in 2018 is the fact that the company is very digital savvy and is increasingly working on automation and complete digitization of their services.
It offers real-time insurance solutions to its customers with partner mobile applications and interactive portals. It has changed the face of the General Insurance Industry by pioneering services like:
- In-House Health Management Team,
- Hassle-free Cashless Settlements,
- Expedited Claims Processing,
- Complete Digital Platforms, and
- Mobile Apps like Eezee Tab and Insurance Wallet.
Bajaj Allianz General Insurance Company has the distinction to be the first insurance company in India to introduce usage-based insurance with Drive Smart.
Key Benefits of Bajaj Allianz General Insurance
Bajaj Allianz General Insurance is a one-stop shop for all your insurance needs. It is India’s one of the leading general insurer’s and has a pan-India presence. It has a strong focus on being customer-friendly and its great customer service is the reason why its customers keep renewing their policies with them consecutively for years together.
Health emergencies never announce their arrival, and if you’re not prepared they can drain you of your life savings.
Let us take you through the various plans from Bajaj Allianz General Insurance Company.
Bajaj Allianz Health Care Plans
Bajaj Allianz comprehensive health care plans for Individuals and families gives you many benefits like:
- Covers you for pre/post hospitalization expenses,
- Gives you cashless benefit,
- Covers you for room rent,
- Covers you for ambulance charges, and
- Highest claim settlement ratio.
Bajaj Alliance Motor Insurance
Bajaj Alliance Motor Insurance policies are among the most popular in the country as they protect you against financial and legal losses involving your vehicle. Some of its benefits are:
- Vehicle tracking and monitoring device included in the Motor Insurance Plan,
- Instant claim assistance and SMS updates,
- 24/7 claim support, and
- Online purchase.
Bajaj Allianz Travel Insurance
Bajaj Allianz Travel Insurance Plans help you face any unpleasant experiences while travelling with your family overseas.
It caters to people from different categories as it has three different plans – Student Travel, Travel Companion, and Travel Elite. Some of the benefits are:
- Covers you for loss of passport/baggage,
- Covers you for flight cancellation/delay,
- Covers your medical/hospital expenses while travelling abroad, and
- Has fast claims processing.
Bajaj Allianz Home Insurance
Bajaj Allianz Home Insurance is a very popular product among homeowners. It’s ‘My Home-All Risk’ home insurance policy protects and covers you and your home from all financial mishaps. Some of its benefits are:
- It covers your property in case of damage from fire, earthquake, and other natural calamities,
- It covers your home for losses from theft/burglary, and
- Covers the jewellery/art/valuables in your home.
We hope we have demystified General Insurance for you today and helped you make the best choice of your life with our guide on the various insurance products being offered by Bajaj Allianz General Insurance Company Limited.