Pay once, get two-wheeler insurance policy for three years

Private non-life insurer Bajaj Allianz General Insurance today said it has launched a long-term two-wheeler package policy under which two-wheelers can be insured for up to three consecutive years at one go.

Mumbai: Private non-life insurer Bajaj Allianz General Insurance said on Monday that it has launched a long-term two-wheeler package policy under which two-wheelers can be insured for up to three consecutive years at one go.

The policy also comes with a 24x7 roadside assistance service, along with a two-wheeler policy in the market. This service will be offered complimentary to women customers through the company's service provider during the first year of the launch.

As part of the plan, the insured does not have to renew the contract every year as he gets one policy certificate for a maximum of three years of cover. Most importantly, the insured can save on paying higher premia due to the yearly third-party motor premium hike as it will have no bearing on the policy.

"This long-term policy will not only ensure they are covered for a longer period of time, but will also help save their outgo towards motor premium in comparison to a single year policy," Bajaj Allianz General Insurance MD and Chief Executive Tapan Singhel said in a statement.

"Most importantly, two-wheeler customers now have an access to 24x7 roadside assistance. In our attempt to make travel worry-free and safe for women, this facility will be offered complimentary to our women customers," he added.

The 24x7 roadside assistance provided by Bajaj Allianz includes an array of services covering a flat tyre and flat battery as well as fuel assistance, delivery of spare keys, towing, minor repair facilities, legal advice, accommodation or taxi benefits and medical co-ordination. This facility will be available in 80 cities across the country.

Under this long-term policy, the customers will not only get an advantage of an extra no-claim bonus on renewal of the policy, but also will not lose out on the no claim bonus even in the case of a claim made during the policy period. The policy allows refund of premium with cancellation of policy, even if a claim for partial loss is filed during the policy period.