Bajaj Allianz Two Wheeler Insurance Review: Best For Bikes Under 200cc
Bajaj Allianz provides a solid comprehensive two wheeler insurance policy, which is best suited for riders of low cylinder capacity bikes. Their claim settlement rate is one of the best on the market, but their annual premiums can be expensive for bikes with a higher cylinder capacity.
Riders of low cylinder capacity bikes
Consumers seeking personal accident coverage options
Riders of high cylinder capacity bikes
Consumers looking for cheap annual premiums
Bajaj Allianz offers two different types of two wheeler insurance: a comprehensive policy with personal accident coverage, and a comprehensive policy without personal accident coverage. Their plans are best for riders of less powerful bikes, more specifically bikes under 100cc. For riders of more powerful bikes, especially those over 100cc, annual premiums tend to be expensive compared to the rest of the market.
If you're seeking a similarly strong scope of coverage, but with cheaper annual premium rates, you'll want to consider a few alternatives. Edelweiss Insurance, Reliance General Insurance, ICICI Lombard General Insurance, and Bharti Axa Insurance provide great comprehensive two wheeler coverage, and have the four cheapest annual premiums of any insurer in our study.
Comprehensive two wheeler insurance policy is available with or without personal accident coverage.
Bajaj Allianz has a 97.9% claim settlement ratio and claims submitted via their app are settled in 20 minutes.
Drivers can purchase a comprehensive policy online in minutes.
Bajaj Allianz Comprehensive Two Wheeler Insurance Plan Benefits
Bajaj Allianz's most competitive two wheeler policy rates are for less powerful bikes, specifically under 100cc. Annual premiums for a TVS Super XL STD are 10% cheaper than the market average.
If you own a bike of 100cc or greater, you should consider a different two wheeler insurer. Pricing for higher cylinder capacity bikes start 23% above average, and can reach nearly 50% above average for a Bajaj Pulsar 220F.
Bajaj Allianz provides consumers with two comprehensive policy options. Their base package does not include personal accident coverage for the owner or rider of the bike, so if you opt for this plan, only your motorcycle, scooter or moped is covered in an accident. You, as the rider or owner, are not covered. Bajaj Allianz also provides a comprehensive policy with personal accident coverage for a higher annual cost, which most policyholders opt for in an effort to protect themselves in case of injury or accident.
If you opt for a comprehensive plan with personal accident coverage, you'll be covered for 100% of injuries or death. Some companies in our study do not provide full personal accident reimbursement, so this is a redeeming quality of Bajaj Allianz's policy. They also provide one of the largest selections of two wheeler add-ons of any insurer we studied, their most unique being the loss of accessories coverage. In the event of an accident, if any personal belongings are lost or damaged, Bajaj Allianz will reimburse you for the full value. This is only offered by one other insurer that we analysed.
Loss of Accessories
Legal Liability For Paid Worker
Passenger Accident Coverage
Pillion Accident Coverage
Zero Depreciation Coverage
Personal Belongings Coverage
No Claims Bonus Protection
Fuel Kit Coverage
Key and Lock Protection
Electrical Fittings Coverage
Invoice Price Coverage
Medical Expense Coverage
Bajaj Allianz is one of the three-largest bike insurers in our study, so policyholders can be confident that so many other riders trust their coverage. They also have the third-highest claim settlement rate among our study group, so you can expect claims to be settled quickly and without many obstacles along the way. With nearly 1,000 more network cashless garages than average, you'll have a much easier time finding a repair facility in your area as well.
Incurred Claims Ratio
Claim Settlement Rate
PolicyBazaar Star Ratings
4.4 (59 reviews)
4.6 (37 reviews)
InsuranceDekho Star Ratings
4.9 (180 reviews)
4.9 (111 reviews)
The comprehensive plans offered by Bajaj Allianz come with a few unfortunate drawbacks, like their sub-optimal incurred claims ratio (ICR). A healthy ICR for an Indian insurer is 75-90%, indicating a strong ability to settle claims against annual premium collection. Bajaj Allianz's weak 62% ICR means that while they may settle claims in a timely fashion, the reimbursement amount tends to be less than desired.
Bajaj Allianz also only offers cheap premiums for low cylinder capacity bikes, so riders of faster, more expensive motorcycles will be forced to pay significantly above market average annually.
Online Purchasing Platform
Bajaj Allianz has one of the strongest online platforms, and their policyholder reviews continually convey satisfaction with the online quoting and purchasing process, as well as the number of resources available on the company website.
The Bajaj Allianz website is very modern and organized, and has one of the best end-to-end user experiences of any we've studied. You'll find a cashless garage locator, as well as a Bajaj Allianz branch locator, and a live support option if you're in need of assistance from an agent. You also have the option to receive your quote via WhatsApp, which is offered by less than half of the insurers we studied.
Unlike most other insurance companies who require you to repeatedly recalculate your premium to reflect any changes, Bajaj Allianz's pricing calculator allows you to see in real-time how each add-on you include or exclude affects your annual premium cost. This is a very helpful feature when functioning properly, but at times, the feature does not update your price and forces you to refresh the page.
Bajaj Allianz's comprehensive two wheeler insurance plan offers a wide variety of add-ons to enhance their standard scope of coverage, but there are key exclusions that consumers should be aware of. They do not cover third-party losses or theft, and are the only bike insurer we studied who excludes these items.
Accidental damage to your own bike is also only covered up to the sum insured, instead 100% covered like the other companies we analysed. Their comprehensive plan does not cover the following, either:
Damages from fire
Damages from man-made disaster
Damages from natural disaster
Roadside Assistance (unless add-on is purchased)
Relocation of vehicle
Claims Process Information
The most beneficial feature of Bajaj Allianz's comprehensive car insurance plan is the ability to file claims directly from a smartphone. Using the Motor On the Spot feature within the Bajaj Allianz mobile app, policyholders can submit a video claim and expect a settlement within 20 minutes.
Mike Wagenman is a Senior Research Analyst at ValueChampion India, specializing in insurance. He holds a Bachelor of Arts degree in Communication and Business from Rider University, and his prior work experience includes data, revenue, and business analysis in the international travel and technology markets. Mike has worked with clients around the world to help identify financial value and find the most optimal way to achieve success.
Advertiser Disclosure: ValueChampion is a free source of information and tools for consumers. Our site may not feature every company or financial product available on the market. However, the guides and tools we create are based on objective and independent analysis so that they can help everyone make financial decisions with confidence. Some of the offers that appear on this website are from companies which ValueChampion receives compensation. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). However, this does not affect our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services
We strive to have the most current information on our site, but consumers should inquire with the relevant financial institution if they have any questions, including eligibility to buy financial products. ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. The site does not review or include all companies or all available products.