Bajaj Allianz General Insurance Company is one of the renowned provider of general insurance products in India. Bajaj Allianz offer a wide range of insurance policies for motor, health, home, travel, commercial and other concerns.
The Bajaj Allianz Motor Insurance offers effective insurance plans for different types of vehicles, including commercial vehicles. If you run a company or organisation and looking for a good policy to safeguard your commercial vehicles from any danger, purchasing Bajaj Allianz Commercial Vehicle Insurance online should be your first choice.
Bajaj Allianz Commercial Vehicle Insurance policy has been designed to protect an insured commercial vehicle from any type of damage or loss caused by various unforeseen events such as fire, accidents, theft, natural calamities, etc. It also offers coverage to the insured vehicle against any circumstance that may damage the commercial vehicle or create liabilities leading to a huge financial burden on the company’s profits. Whether you own an auto-rickshaw, a taxi, or a tractor, Bajaj Allianz commercial vehicle insurance policy will protect all of them.
Commercial vehicles basically refer to the vehicles that are owned by organization, companies or the government bodies. Such commercial vehicles are mainly used by the public or private entities for the functioning of their business or to offer services to the public. Commercial vehicles are used either for the purpose of transporting goods or moving people within the city or interstate.
In a broader perspective, we can divide commercial vehicles into 2 categories:
Goods Carrying Vehicles: As the name suggest, Goods Carrying Vehicles are basically the specific type of vehicles that are mainly used for the purpose of carrying any type of goods or commodities from one place to another. Good carrying vehicles includes vehicles like vans, trucks, cranes, trailers, carriers, tractors, shovels, mobile rigs, etc. For instance, if you own a truck and want to insure it, you can do so by purchasing Bajaj Allianz goods carrying vehicle insurance policy.
Passenger Carrying Vehicles: As the name suggest, Passenger Carrying Vehicles are basically specific type of vehicles that are used to transport people from one place to another. Passenger carrying includes vehicles like taxi, buses, auto-rickshaw, coaches, e-rickshaw, etc. For instance, if you own a taxi and want to safeguard it against any damage or loss, you can buy the Bajaj Allianz passenger carrying vehicle insurance plan online.
So it can be seen that a Bajaj Allianz Commercial Vehicle Insurance comprises of both goods carrying vehicle insurance as well as a passenger carrying vehicle insurance. Although, commercial vehicles like cranes, tractors, trailers, etc can also be insured under the category of Miscellaneous Vehicles.
- ✔Covers both passenger carrying vehicle and goods carrying vehicles
- ✔Round the clock assistance
- ✔Alternative to choose between Liability Only Policy and Package policy
- ✔Policy term of one year
Bajaj Allianz General Insurance offers two types of commercial vehicle insurance plans:
- ✔Bajaj Allianz Commercial Vehicle Liability Only Insurance
- ✔Bajaj Allianz Commercial Vehicle Package Policy
Bajaj Allianz Commercial Vehicle Liability Only Insurance: The Commercial Vehicle Liability Only Insurance plan from Bajaj Allianz offers coverage against any liability of the policyholder arising out of any unforeseen damage or injury caused by the insured vehicle to a third-party person or property. As per the Indian Motor Vehicle Act, 1988, it is mandatory for all type of motor vehicles to be insured under a valid third-party policy.
Bajaj Allianz Commercial Vehicle Package Policy: The Commercial Vehicle Package Policy from Bajaj Allianz is basically a comprehensive policy that offers coverage against third-party liabilities of the insured vehicle as well as coverage against any damage or loss caused to the insured vehicle itself. Unlike Liability Only Policy, purchasing this package policy for commercial vehicles is not mandatory as per law. However, it is always advisable for all type of business owners to go for package commercial vehicle insurance policy to safeguard themselves from any financial loss caused owing to complete or partial damage to the vehicle.
The Bajaj Allianz Commercial Vehicle Insurance offers wide-ranging coverage to all the commercial vehicles insured with it. Have a look at the list of coverage under this policy for passenger carrying vehicles and goods carrying vehicles:
Third-Party Legal Liabilities: This Bajaj Allianz Commercial Vehicle Insurance Policy covers any legal liabilities that you may have to bear owing to the insured vehicle causing death, injury, property damage or physical disability to a third-party person
Loss or Damage to the Insured Commercial Vehicle: Commercial Vehicle Insurance policy from Bajaj Allianz covers any damage or loss caused to the insured vehicle owing to the occurrence of an unforeseen incident including various natural and man-made calamities like road accidents, theft, fire, housebreaking, cyclone, earthquake, etc.
Contents of the Goods Carrying Vehicle: In the event of an unforeseen circumstance, this Bajaj Allianz Goods Carrying Vehicle Insurance policy will also covers any loss, damage or even theft caused to the contents of the vehicle.
Towing Disabled Vehicle: This policy will cover the insured commercial vehicle against any loss or damage that may occur while it was being used to tow another disabled or faulty vehicle.
Personal Accident Cover: Under Personal Accident Cover, the insurer will safeguard the person driving your commercial vehicle along with its its maintenance person, cleaner and conductor in the event of an accident that leads to a death, injury or disability.
Bajaj Allianz will not offer any claim arising out of the below-mentioned reasons:
- ✔Any loss or damage to the vehicle while driving under the influence of alcohol, drugs or any other intoxicants given that this is a punishable offence under law.
- ✔Any destruction or damage to the vehicle in war, act or war, rebellion, nuclear threats or any loss/damage happening outside the country will not be covered
- ✔Any mechanical or electrical breakdown of your vehicle will not be covered
- ✔The claim will be not be entertained if the driver is found driving without a valid driving license at the time of the accident
- ✔Damage to the tyre and tube is not covered unless the same has happened as a result of an accident
- ✔Bajaj Allianz Commercial Vehicle Insurance plan doesn't cover consequential loss
- ✔Depreciation, normal wear and tear is not covered
Note: This is not the complete list of exclusions. Please refer to the policy wordings of Bajaj Allianz Commercial Vehicle Insurance for a detailed list of exclusions.
- New India Assurance Company Limited
- National Insurance Company Limited
- Bajaj Allianz General Insurance Company Limited
- United India Insurance Company Limited
- Oriental Insurance Company Limited
- HDFC ERGO General Insurance Co. Ltd
- SBI General Insurance Company Limited
- Star Health and Allied Insurance Co Ltd
- Bharti AXA General Insurance Company Limited
- IFFCO Tokio general insurance company