Non Life Insurance
Your valuable possessions in life - your home, business, and vehicle are exposed to various hazards. Also, emergency medical expenses can put you under serious financial stress. Traveling too involves risks such as accident, loss of baggage and passport and medical expenses.
Overview
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- Call 1860 266 6601#
# Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at 6601 6601. Call charges apply.
Motor Insurance
Features
- Instant online policy issuance and renewal
- Cashless claims at 1500+ garages
- Instant claim assistance and ‘sms’ update on claim
- 24 x 7 telephonic services
- Bagic 24X7 Spot Assistance
- Prepaid settlement at Bajaj Allianz Drive in centres
- Drive assure -0% depreciation for first 5 years (Rider)
- Bajaj Allianz' preferred workshops give you access to hassle free inspection, high service standards and cashless settlement of claims in event of an accident/breakdown
- Towing facility in an event of a breakdown/accident 24 x 7 (including holidays)
- Transfer your 'No Claim Bonus' from any insurance provider.
What is covered
- Loss or damage from natural calamities
- Loss of damage from man-made calamities
- Personal accident cover
- Third party legal liability
What is not covered
- Normal wear and tear
- Depreciation
- Mechanical/electronic breakdown
- Intoxicated driving
- Damage to/by a person driving any vehicle without a valid driving license
- Loss/ damage due to war, mutiny or nuclear risk
Health Insurance
We offer you Health Insurance Plans from Bajaj Allianz General Insurance Company Limited.
Health Insurance Plans
- Tax Gain
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The Tax Gain plan is a family floater health policy which covers outpatient (OPD) expenses &
hospitalization expenses under a single policy and helps you in your tax management also.Key Features:
- OPD (includes dental procedures & treatment) & Hospitalisation expenses covered under a
Access to over 2,400 hospitals all over India for cashless facility. - 130 day care procedures subject to terms & conditions.
- Provides benefit of Health check-up at the end of each four (Hospitalization) claim free policy
periods. - A single policy or cover can be continued till a person reaches 75 years.
- Provides Tax benefit under section 80 D of Income Tax Act.
- No restrictions of waiting periods to claim under Out Patient Expenses
- You can claim for Dental Procedures & treatment under OPD section.
- Cost of Spectacles, Dentures, and Crutches can also be claimed under OPD Section.
- In house claim settlement without hassles of going through a TPA
- OPD (includes dental procedures & treatment) & Hospitalisation expenses covered under a
- Individual Health Guard
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Features
- The member has cashless facility at over 2300 hospitals across India
- Pre and post - hospitalization expenses covers relevant medical expenses incurred 60 days
prior to and 90 days after hospitalization - Health Guard policy takes care of your hospitalization expenses & offers a wide coverage of pre & post hospitalization expenses
- No medical test required for Sum Insured upto Rs. 10 lakhs for age upto 45yrs
- Covers ambulance charges in an emergency subject to limit of Rs. 1000 /-
- Pre-existing diseases covered after 4 years continuous renewal with Bajaj Allianz
- In house Health Administration Team for hospitalisation claims to lower turnaround time
- No Sub-limits applicable on room rent and other expenses
- Family discount of 10% is applicable
- Income tax benefit on the premium paid as per section 80-D of Income Tax Act as per existing IT law
- Health Ensure - Family Plan
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Features
- The Health Ensure policy is the perfect health protection for you and your family. It takes care of medical treatment costs incurred during hospitalization due to serious accident or illness.
- Access to 2400 hospitals for Cashless facility
- In case of admission in non network hospitals the expenses incurred would be reimbursed
within 14 days from the date of submission of all documents. - No tests required up to the age of 55 yrs subject to clean proposal form.
Advantages
- Health Check up at the end of continuous four claim free year
- 130 day care procedures covered
- Ambulance charges covered subject to a maximum of Rs. 1000 /- per policy period.
- Hassle free claim settlement due to in house claims administration team
- Family discount of 5 % is applicable
- Loss of damage from man-made calamities
- Income tax benefit on the premium paid as per section 80-D of the income Tax Act.
- Policy can be taken from 3 months to 55 yrs *
- Renewal up to 75 yrs*
- SI - 50,000, 75000, and 1 lac.
- Extra Care
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- This is a floater policy, single Sum Insured and single premium for the whole family
- Can be taken as add on policy with any Health insurance policy
- Pre-existing diseases covered after 4 years
- Continuity for waiting periods would be given for any indemnity cover irrespective of Sum
Insured in the earlier policy - The policy covers ambulance charges in case of emergency subject to a maximum of Rs 3000
- No medical tests required up to the age of 55years *
- Can be taken as add on policy with any Health insurance policy
- Income tax benefits u/s 80D
- Premium starting at Rs.2500 p.a with Sum Insured options of Rs.10,12 or 15lakhs
Travel Insurance
- Travel Companion
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Basic cover for your travel needs. We have customized plans that cater to the needs of an individual travelling abroad. You can choose a plan that suits your need from Travel Care, Secure & Value.
- Individual
- Family - self + spouse + 2 children
- Senior Citizens - 61 - 70- Trip duration 1 - 180 days
Policy Coverage
- Personal Accident (death and disablement), Medical Expenses and Repatriation (including
medical evacuation to a hospital in India pre-approved by claims administrator) - Emergency Dental Pain Relief
- Loss of Checked Baggage - Per baggage maximum 50% and per item in the baggage 10%
- Delay of Baggage
- Loss of Passport
- Personal Liability
- Hijack
- Trip Delay.
- Emergency Cash Advance - providing emergency cash to the insured during incidents such as
theft/burglary of luggage/money or hold ups by co-coordinating with the insured person's
relatives in India to provide emergency cash assistance to the insured person as per his
requirement, up to the limit specified in the policy schedule - Golfers Hole-in-one - reimbursement of expenses incurred in celebrating a hole-in-one by
the insured during the trip, anywhere in the world (excluding India), in a United States Golfers'
Association recognized golf course.
- Travel Elite Plan - For those who travel a class apart
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- Individual
- Family - self + spouse + 2 children
- Senior Citizens - 61 - 70 trip 1 - 180 days
- Senior Citizens - 71 - 75
Travel Elite Plan Coverages
- Personal Accident (death and disablement), Medical Expenses and Repatriation (including
medical evacuation to a hospital in India pre-approved by claims administrator) - Emergency Dental Pain Relief
- Personal Accident
- AD & D Common Carrier
- Loss of Checked Baggage - Per baggage maximum 50% and per item in the baggage 10%
- Delay of Baggage
- Loss of Passport
- Personal Liability.
- Hijack
- Trip Delay
- Home Burglary Insurance
- Trip Curtailment
- Hospitalization Daily Allowance
- Emergency Cash Advance - providing emergency cash to the insured during incidents such as
theft/burglary of luggage/money or hold ups by co-coordinating with the insured person's
relatives in India to provide emergency cash assistance to the insured person as per his
requirement, up to the limit specified in the policy schedule - Golfers Hole-in-one - reimbursement of expenses incurred in celebrating a hole-in-one by the
insured during the trip, anywhere in the world (excluding India), in a United States Golfers'
Association recognized golf course.
- Student Travel Plans
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Every student desires to study abroad. To make your travel risk free, Students travel plan brings you an array of policies to choose from, which will provide the comprehensive cover for your journey.
- Study Companion
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Policy Coverages
- Medical Expenses, Evacuation and Repatriation
- Emergency Dental Pain Relief
- Tuition Fee
- Personal Accident
- Loss of Checked Baggage - Per baggage maximum 50% and per item in the baggage 10%
- Accident to Sponsor
- Family Visit
- Personal Liability
The insurer can claim reimbursement under this policy:
- Current Semester Tuition Fees reimbursement subject to maximum limit mention in case the
insured is unable to continue the school semester due to serious medical condition of the
insured requiring hospitalization or death / serious injury requiring hospitalization of either of
the parents during the policy period. (Subject to policy Terms & Conditions.) - In the event of the sponsor mentioned in the policy meeting with an accident during the policy
period, resulting in death or permanent disability the company shall reimburse the remaining
school fees. (Subject to policy Terms & Conditions.) - In the event of the insured becoming hospitalized as a result of an accidental injury or sickness
covered under the policy and the attending physician advises necessary attendance of a family
member, the company will reimburse the travel cost for the visit (Family members include
spouse, parent, sibling & in-laws) (Subject to policy Terms & Conditions.)
- Student Elite Plan
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Covers your trip abroad as well as takes care of health related needs during your stay abroad. There are 3 options under this student travel insurance plan - Standard, Silver and Gold.
Policy Coverages
- Medical Expenses, Evacuation and Repatriation
- Emergency Dental Pain Relief
- Tuition Fee
- Personal Accident
- Loss of Checked Baggage - Per baggage maximum 50% and per item in the baggage 10%
- Accident to Sponsor
- Family Visit
- Personal Liability
- Bail Bond Insurance
- AD & D Common Carrier
The insurer can claim reimbursement under this policy:
- Current Semester Tuition Fees reimbursement subject to maximum limit mention in case the insured is unable to continue the school semester due to serious medical condition of the insured requiring hospitalization or death / serious injury requiring hospitalization of either of the parents during the policy period. (Subject to policy Terms & Conditions.)
- In the event of the sponsor mentioned in the policy meeting with an accident during the policy period, resulting in death or permanent disability the company shall reimburse the remaining school fees. (Subject to policy Terms & Conditions.)
- In the event of the insured becoming hospitalized as a result of an accidental injury or sickness covered under the policy and the attending physician advises necessary attendance of a family member, the company will reimburse the travel cost for the visit (Family members include spouse, parent, sibling & in-laws) (Subject to policy Terms & Conditions.)
- AD & D Common Carrier: The Company would pay the sum insured specified in the schedule in addition to the sum specified under the personal accident section, in case the insured sustains accidental bodily injury resulting into death/permanent disability, while traveling in a common carrier, such as rail, bus, tram or aircraft during the course of the journey.
- Scholars Guide Travel Plan
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Scholars Guide Plan is specially designed to cover the overseas travel risks of students.
Policy Coverages
- Medical Expenses, Evacuation and Repatriation - Not Covered
- Tuition Fee
- Personal Accident
- Loss of Checked Baggage - Per baggage maximum 50% and per item in the baggage 10%
- Accident to Sponsor
- Family Visit
- Personal Liability
- Bail Bond Insurance
- AD & D Common Carrier
- Brilliant Minds Plan
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Brilliant Minds Plan is specially designed to cover the overseas travel risks of students.
Policy Coverages
- Medical Expenses, Evacuation and Repatriation - Covers Accidental hospitalization only, sickness excluded
- Tuition Fee
- Personal Accident
- Loss of Checked Baggage - Per baggage maximum 50% and per item in the baggage 10%
- Accident to Sponsor
- Family Visit
- Personal Liability
- Bail Bond Insurance
- AD & D Common Carrier
- Loss of Passport
- Corporate Travel Plan - Multi - Trip Plan
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Corporate travel insurance plan is a comprehensive package which provides complete medical and
health cover to the international business traveler.
Our corporate travel insurance plan covers your business trips abroad. Business travel is a necessity, to ensure
your journey is risk and tension free, we offer customized plans for virtually every requirement of
corporate employees traveling abroad. All you need to do is choose the plan that suits you.You can choose from
- Corporate Companion
- Corporate Elite
- Corporate Age 61 - 70 years
Policy Coverages
- Personal Accident (death and disablement), Medical Expenses and Repatriation (including medical evacuation to a hospital in India pre-approved by claims administrator)
- Emergency Dental Pain Relief
- Personal Accident
- AD & D Common Carrier
- Loss of Checked Baggage - Per baggage maximum 50% and per item in the baggage 10%
- Delay of Baggage
- Loss of Passport
- Personal Liability
- Hijack
- Trip Cancellation
- Trip Delay
- Home Burglary Insurance
- Trip Curtailment
- Hospitalization Daily Allowance
- Emergency Cash Advance - providing emergency cash to the insured during incidents such as theft/burglary of luggage/money or hold ups by co-coordinating with the insured person's relatives in India to provide emergency cash assistance to the insured person as per his requirement, up to the limit specified in the policy schedule
- Golfers Hole-in-one - reimbursement of expenses incurred in celebrating a hole-in-one by the insured during the trip, anywhere in the world (excluding India), in a United States Golfers' Association recognized golf course.
Property Insurance
- Easy Householders Policy
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This comprehensive package policy is designed to cover various risks and contingencies faced by
householders. It provides protection for your household contents, domestic appliances, electronic
equipments and domestic travel baggage.Coverages
- Fire & allied perils
- Baggage
- Domestic appliances - Burglary & Theft
- Electronic appliances
Benefits
- Can be bought online
- Available as over the counter (OTC) kit
- Instant activation through SMS/ Call centre
- Convenience to choose from 3 customized plans
- Affordable package premium
- Combination of requisite covers (sections)
- Waiver of under insurance
- Easy claim settlement process
- Householders Insurance
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An Insurance policy specially designed to cover various risks and contingencies faced by householders
under a single policy. It provides protection for property, your domestic and electronic appliances,
interests of the Insured and his family members.Coverages
- Fire & allied perils
- Burglary & Robbery
- Jewellery & Precious Stones
- Plate Glass
- Domestic appliances
- Electronic Equipment
- Pedal Cycles
- Baggage Insurance
- Personal Accident
- Public Liability & Workmen’s Compensation
- Shopkeepers Insurance
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This unique shop insurance policy is designed to cover risks and difficulties faced by you as a
shopkeeper. It provides a huge protection for the shop property, interests of the insured and your
partners in the business.Coverages
- Fire & allied perils
- Burglary & Robbery
- Money-Transferring money from one place to another
- Plate Glass
- Neon Sign / Glow Sign
- Breakdown of Business Appliances
- Electronic Equipment
- Fidelity Guarantee
- Business Interruption
- Personal Accident
- Public Liability & Workmen’s Compensation
- Corporate Insurance
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You put your hard earned money into your business. Choose from a range of products to secure your business against all risks.
Office Insurance
Your office is a hive of activity. Major investment, time and effort goes into building up your business. The office package is the best way to protect your business from loss due to unexpected contingencies such as burglary, fire, fidelity etc
Specialty Lines
This policy has been designed to take care of special needs like aviation, marine hull, project insurance, freight forwarders, port liabilities, film insurance, credit insurance, event insurance etc.
Employees Insurance
Your employees are your strength, you can take care of your employees with Group policies like PA, group HG, group CI, group travel, workmen's compensation etc.
Manufacturing Unit Insurance
While going about your daily business activities, dangers could be lurking close to you. Machinery breakdown, fire, earthquake, etc. could severely affect your assets and profits. Protect your manufacturing units and your profit with our range of need-based policies.
FAQs
- Non Life Insurance
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- Is Non Life Insurance a one time consideration?
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Most Non Life Insurance policies are annual policies and are required to be renewed every year, if you want the coverage to continue after the expiry of the policy period.
- What factors affect the cost of insurance?
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The factors that can affect the cost of insurance include:
- The likelihood of a loss occurring
- Purchase of a large amount of coverage (i.e. if the item you are insuring is quite valuable)
- How much insurance do I need?
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For any asset or property insurance, the value of the asset based on market value or reinstatement value should be taken into consideration before deciding sum insured.
- Should the policy be reviewed and changed from time to time?
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If nothing in your life ever changes, then your Non Life Insurance needs will also remain constant. The truth is that an average person's financial situation changes significantly every five years. Your non life insurance policy will also have to be modified periodically based on these changes.
- What is 'No claim bonus'?
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'No claim bonus' is a special discount given for every claim-free year.
- What is a TPA?
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TPA stands for third party administrator. The most essential service they provide is cashless medical services. They also provide the necessary information to deal with any problem regarding claims. One of the USP's of Bajaj Allianz is their in-house adminostrator that makes claim processing faster, convenient and hassle free.
- Health Insurance
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- Can hospital cash policy be taken with other health policy?
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Yes, you can as it is a benefit policy.
- Can I claim from hospital cash and some other policy at the same time?
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Yes, you can as it is a benefit policy.
- Why should I take a health plan if I already have health insurance from my employer?
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Your employer will cover your medical expenses only as long as you are in his services. Tomorrow, you may change your job, retire or even start something on your own. In all such cases you and your family will be stranded if a medical emergency arises and you have not arranged for an alternative health insurance policy.
- Motor Insurance
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- What is the amount payable in the event of a claim?
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The policy pays for the full amount of repairs subject to deduction for excess, depreciation and salvage.
- Do I have the right to decide where to have my car repaired when the insurance company is paying for the repairs?
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Yes, the final decision is yours.
- What is I.D.V?
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I.D.V means insured's declared value i.e. the insured computes the value of the vehicle at the time of insurance and this forms the basis of the contract.
- If a vehicle is sold should this policy be canceled?
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Not necessary, the policy may be endorsed in the owner's name.
- Travel Insurance
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- What is "Baggage Insurance”?
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Baggage insurance is insurance that covers the loss or damages to personal baggage of the policyholder or his family members due to fire, theft or accident during the course of journey anywhere in India including stoppage enroute.
- In the event of an accident or illness, what if it is not possible to consult a physician or a doctor?
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In an event of an accident or illness if it is not possible to contact a physician or doctor, an alarm centre should be contacted immediately. They will help organize medical services for you.
- Do I need to carry the policy along with me
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We would advice you to carry the policy along with you when traveling. This would make it handy once any claim arrives. But most important the policy details should be known to the insured when traveling.
Conditions apply
Insurance is the subject matter of solicitation.
Please refer to the respective product brochures and sales illustrations for details of each product and risk factors before concluding any sale.
Deutsche Bank AG, India (“Deutsche Bank”) is a licensed corporate agent of Birla Sun Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the composite license number 886808. All insurance products are underwritten by the respective insurance company and are subject to the terms and conditions of the relevant policy issued by that insurance company. They are neither bank deposits nor constitute obligations of or guaranteed by Deutsche Bank or any of its affiliates or subsidiaries or any governmental agency. This communication shall not be construed as investment advice and all decisions to purchase the policy shall be the personal judgement of the customer arrived at after due consideration. The tax benefits on your Policy would be as per the prevailing provisions of the Income Tax Act, 1961 and Income Tax Rules, 1962, as may be amended, modified or substituted from time to time.
This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. Neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever. You should take all relevant factors including independent expert advice into account before making any investment or other decision by using the content of this publication.
Deutsche Bank does not guarantee or make any representation, express or implied, with respect to the fairness, correctness, accuracy, adequacy, reasonableness, reliability, usefulness, viability or fitness for any particular purpose or completeness of any information in this email and is not responsible for any errors or omissions or for results obtained from the use of such information. Deutsche Bank also disclaims all liability in respect of use of any third party information or offering, whether proprietary or otherwise.
The premium paid in Unit Linked Life Insurance policies are subject to market and investment risks. NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital and money markets. Yield or a fund’s past performance should not be considered as an indication or guarantee of future yield or results. There is no assurance or guarantee that the objectives of the products will be achieved and the insured is responsible for his or her decision to invest.
