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Comparison between Bajaj Allianz Car Insurance and ICICI Lombard Car Insurance




In cities, people are buying more and more car to explore easy way to commute particularly at the pick hours of the day. To keep your mode of transportation safe and secure, you must buy car insurance for your prized possession. Selecting the right car insurance is as important as to choose the right car model for yourself.

There are plenty of car insurance almost from every insurer is available in the market. Different companies offer added benefits and coverage along with basic insurance features. Main aim of the car insurance is to promise financial safety at those unfortunate instances when your car meets an accident or suffers any break down.

Bajaj Allianze Car Insurance and ICICI Lombard Car Insurance are the two most popular car insurance plans of recent time. Here we are going to draw an overall comparison between these two car insurance policies to get their advantages and disadvantages.

What Is The Policy?

Bajaj Allianz Car Insurance Policy is a comprehensive plan that safeguards your car from physical damages and any kind of Third Party Liability. ICICI Lombard is also a comprehensive car insurance plan that comes with Personal Accident cover for owner/driver, loss or damage to the vehicle along with Third Party Liability.

Special Features:

Bajaj Allianz offers cashless claim processing at their 1500+ approved garages across the country. Customer can avail a No Claim Bonus of up to 50% and this can also be transferred to/from other insurance provider. Round the clock Towing Facility is offered with the plan. It also comes with 12 hours customer care assistance and sends recent updates on your mobile. Citibank Credit Card-holders can enjoy 0% interest EMI option.

ICICI Lombard Car Insurance Policy can be purchased online with instant activation. Car owner is liable to get maximum Rs. 1,500 as Towing Charge. It also offers Cashless Claim settlement at authorized garages all over India. This car insurance comes with plenty of additional features like transferrable No Claim Bonus which can go up to 50% and 2.5% additional discount on OD payment (maximum Rs. 500) for installation of ARAI. The company offers 24x7 customer care assistance to help customers at the moment of distress.

What The Plan Covers?

Bajaj Allianz Car Insurance covers loss or damage to your car because of natural calamities, man-made miscreants like theft, burglary, terrorist attack and any damage in transit by road, rail, elevator, inland waterway, lift or air. It offers Personal Accident Cover of Rs 1 lakh for the individual owner/driver of the vehicle. It also includes Third Party Liability Protection for complete peace of mind.

ICICI Lombard covers loss or damage to the vehicle due to any natural or man-made disasters like theft, burglary, fire explosion, landslide, storm and any damage in transit by road, rail, inland waterway, lift, elevator or air. It comes with compulsory Personal Accident Cover for individual owners of the car while driving. It comes with Third Party Liability Cover which is a great way to protect interest of the car owner in case of any third party damage done by the insured car.

Exclusions:

Both these claims do not offer any cover for loss or damage due to war, mutiny or nuclear exposure. The two also exclude any depreciation or consequential loss, mechanical breakdown and damage to/by a person driving the car under the influence of drugs or alcohol.

Conclusion:

Here we have presented a discussion on the two most appreciated car insurance available currently in the market. From this comparative study, you can deduct the conclusion for yourself before opting for any one of these car insurance plans. 

You may like to read : Best Car Insurance Companies in 2016


This article was written by Steffi Sharma for on .

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