Safeguard your vehicle with Bajaj Finance Ltd Comprehensive Motor Insurance Plans

Safeguard your vehicle with Bajaj Finance Ltd Comprehensive Motor Insurance Plans

If the last 15 months have taught us anything, it is the need to be prepared for any eventuality. Motor insurance is one of the most crucial insurance plans to have along with life and health insurance. A car or bike insurance prevents financial losses suffered due to accidents or any other uncertain events.

Different Types of Motor Insurance

As mandated by the Motor Vehicles Act 1988, every vehicle owner is expected to have car insurance or bike insurance, especially third-party insurance, which is mandatory by law in India. Motor insurance can be divided into three significant categories:

When buying motor insurance, it is a prerequisite to weigh all the coverage options available and choose the one that suits your needs.

Comprehensive motor insurance covers the individual against both – damage to their vehicle and any liability arising from damage to a third party in the event of an accident.

On the other hand, third-party insurance provides coverage against liability faced from accidents causing injury, death, or damage to a third party. It financially protects the policyholder, who is considered responsible for an accident causing injury or death of a third party or their property, to set the damages right.

Finally, there is Stand-Alone Own-Damage Insurance, which covers your vehicle against damages caused by natural calamities like earthquakes, storms, tree-falling, or in case of fire, theft, vandalism, terrorism, riots etc.

Both these insurances are available at competitively priced premiums. However, most often, policyholders buy either of these policies as an add-on to their existing third-party or standalone insurance, to meet their needs.

Comprehensive motor insurance is the best bet

Amongst the coverage options discussed, comprehensive motor insurance combines both third-party and standalone insurance and offers extensive coverage to you under one umbrella.

Not just that, they also have great add on benefits at an affordable premium. Hence, when it comes to securing your vehicle in the event of unforeseen events, it is wiser to opt for extensive motor insurance. It reduces the out-of-pocket expenses on the most likely damages to your vehicle.

Get the most suitable motor insurance plans from Bajaj Finance Limited 

Bajaj Finance Limited (BFL) in association with their top partners brings to you motor insurance plans that suit all your needs and effectively secure your vehicle. So, when you want to make sure that you have more secure and worry-free drives, a comprehensive motor insurance policy from BFL is the right fit for you. The comprehensive car insurance and bike insurance offered by Bajaj Finance Limited cover all the important aspects of motor insurance.

Here are some important features and benefits provided to our policyholders:

  • Own damages incurred like natural/man-made calamity, theft, fire, or any other mishap
  • Third-party bodily injuries as well as demise
  • Third-party property damage
  • Attractive add-on covers like personal accident cover, loss of accessories, geographical extension, etc.

Besides these, BFL also offers cashless repairs at over 4,000 network garages, easy claim settlement, coverage for consumables expenditure like engine oil, brake oil, air conditioner, zero-depreciation cover, and more. Also, avail a no-claim bonus of up to 50%. At Bajaj Finance, you can get your insurance online with easy application and paperless process and benefit from spot services and other value-added features.

A comprehensive motor insurance policy is the forward-thinking protection plan you can provide to your car or bike. While other plans cater to specific requirements and fulfil temporary insurance goals, the comprehensive motor insurance plan by Bajaj Finance delivers a bouquet of all-inclusive services which offers total protection solutions. So, choose your motor insurance plan with Bajaj Finance Limited to stay ahead of the rest!

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