Looking for Bajaj Allianz vs Kotak Mahindra Car Insurance Comparison, Key Benefits, and Features to buy the best car insurance? PolicyBachat is helping you find the best policy that fits your financial situation.
Comparison of car insurance online leads to cost efficiency due to low operating costs to maintain online. We give you the distinction between the carrier backgrounds, incurred claim ratio, and network garages to configure the right insurance policy.
For those looking for insurance, it's important to compare Bajaj Allianz and Kotak Mahindra Car Insurance companies to find the one that will work best for you. With all of the car insurance providers to choose from, some stand out more and have a better reputation.
Bajaj Allianz and Kotak car insurance have different policies and offer a variety of discounts that slightly change, making them both competitive car insurance companies. Decide which side you want to go with before you buy a car insurance policy. This article will help you understand the different factors that can affect your decision on which company to choose for your car insurance needs.
| Key Features |
Bajaj Allianz Car Insurance |
Kotak Mahindra Car Insurance |
| Premium |
Save up to 70% off |
Save up to 80% off |
| No Claim Bonus (NCB) |
Up to 50% discount |
Up to 50% discount |
| Claim Assistance |
24x7 claim assistance, Quick and Easy |
24x7 claim assistance |
| Easy Claims |
Hassle-free claim settlement within a short period |
24x7 claim assistance and Hassle free. |
| Happy Customers |
11 Crore+ |
11.5 lakh+ |
Why choose Best Car Insurance Company?
Car insurance helps you mitigate financial obligations that may arise due to an unfortunate event involving your car such as a road accident, fire, theft, natural calamities, etc. As per the Indian Motor Tariff, every car/vehicle owner is legally required to have at least a third party car insurance cover for being able to drive their car legally on Indian roads.
Choosing the best car insurance company is not a huge task. But you need to be aware of the kind of protection you want for your car. With that, here are a few tips that will help you choose the top car insurance company in India. Take a look:
- Analyzing car insurance needs
- The authenticity of the car insurance company
- Financial ability of the company
- Third party liability coverage
- Claim settlement ratio
- Cashless garage network
- Good customer service.
| Differences |
Bajaj Allianz Car Insurance |
Kotak Car Insurance |
| Cashless Network Garages |
6000+ |
3000+ |
| Claim Settlement Ratio |
68.06% |
74.64% |
| Solvency Ratio |
3.45 |
1.95 |
| Claims settled |
192077 |
2.3 lakhs |
| Branches |
1100+ |
100+ |
*All the above mentioned values are for illustration purposes, check out the premiums, claim settlement ratio, and network garages by comparing each company through the website.*
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Bajaj Allianz Car Insurance:
A motor insurance policy is mandatory to secure your car from any mishaps, a sudden accident might cause you a huge financial loss Bajaj Allianz's car insurance policy will compensate your financial loss by paying damage expenses on your behalf.
Trust is the important factor that gets positive whooping customer recommendations. Bajaj Allianz's motor insurance policy will protect against physical damage, accidental injury, death, co-passenger injury, death, and property loss of the third party.
Bajaj car insurance policy helps you to avail hassle-free claim settlement. Bajaj Allianz makes trust in its customers for the past 16 years by providing the highest claim settlement. Like house your vehicle is also the most important procession, utmost security with extensive add-ons will protect your car from a mishap. Know the right insurance premium online.
| Distinguish |
Bajaj Allianz Car Insurance |
| Benefits |
- Zero depreciation cover available
- Get your car insurance within 3 minutes
- Cashless claim facility
- Claim process done within 20 minutes
- Policyholders are eligible for 75% on account payment in case the cashless facility is unavailable.
- Dedicated telephonic service is available 24×7 on holidays as well to provide support during claims settlement and for any other issues
- In case a car gets damaged due to an accident, the towing facility is available
- Policyholders can avail themselves of high standard service and get their cars inspected at selected workshops.
|
| Features |
- Voluntary excess discount
- Anti-theft device installation discount
- Online policy buying/Renewal, voluntary Excess discount
- 24x7 Assistance
- Policyholders are entitled to shift as much as 50% of their existing No Claim Bonus from their previous car insurance providers
- The company is known for settling its claim in a record time.
- There are numerous policies offered by this company for every consumer.
|
| Highlights |
- Online policy issuance and renewal
- 24x7 spot assistance available
- Self-vehicle survey and instant claim settlement with Motor-on-the-spot.
|
*Know about Bajaj Allianz Car Insurance benefits and coverages in this Article*
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Kotak Mahindra Car Insurance:
With a Kotak Car insurance policy, you can protect yourself and your car from any financial loss and damage. A comprehensive car insurance policy will cover all the damages caused to you, your vehicle, and the third party damages caused by the accident. Buying a Kotak car insurance policy ensures your all-around safety every time you hit the road.
Kotak Mahindra General Insurance Company is a subsidiary of Kotak Mahindra Bank Ltd started its operations in 2003. Kotak Mahindra general insurance company incepted in 2015, during the year Kotak Mahindra received 6 lakhs premium and incurred a claim amount of 26 Lakhs. Kotak Mahindra General Insurance has resolved the claim within 6 months. Kotak Mahindra insurance company's commitment to providing insurance claims proves the reliability of the company.
| Distinguish |
Kotak Mahindra Car Insurance |
| Benefits |
- Customized products and services
- High claim ratio settlement
- Digital infrastructure
- Efficient processing of claim settlement
- Customer-centric ratio
- Extensive range of add-ons to choose
- The easy and fast documentation process
- Reliable and efficient service
- To secure from unexpected financial loss and mishap
- Own damage partial or total loss
- Covers you from natural calamities, and man-made calamities
- Personal accident cover
- Third-party legal liability.
|
| Features |
- Voluntary excess discount
- Anti-theft device installation discount
- Online policy buying/Renewal, voluntary Excess discount
- 24x7 Assistance
- Policyholders are entitled to shift as much as 50% of their existing No Claim Bonus from their previous car insurance providers
- The company is known for settling its claim in a record time.
- There are numerous policies offered by this company for every consumer.
|
| Highlights |
- 20 Minute Claim Approval Process
- AAI Members Discount
- NCB/Premium Discounts
- Cashless Servicing.
|
*Know about Kotak Mahindra Car Insurance benefits and coverages in this Article*
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Comparison of Bajaj Allianz Car Insurance vs Kotak Mahindra Car Insurance:
When you buy insurance for your car, you would want to get insurance that is high on benefits and low on costs. The comparison of Bajaj Allianz and Kotak Mahindra Car Insurance depends on the factors such as Customer Service, Product Portfolio, Pricing, Best Coverage, suitability, and Claim Settlement Ratio.
PolicyBachat caters you to the best car insurance companies in India for hassle-free claim settlement, easy comparisons, and a lot more. Compare Bajaj Allianz Car Insurance and Kotak Mahindra Car Insurance Company which has a reliable claim settlement ratio in less period.
| Distinguish |
Bajaj Allianz Car Insurance |
Kotak Mahindra Car Insurance |
| What is Covered? |
- Covers Expenses on Own Damages
- Third Party Liabilities
- Personal Accidents
- Additional convenience
- Extended benefits with Add-ons
- Loss due to natural calamities
- Loss due to man-made disasters
- Personal accident cover.
|
- Enjoy enhanced protection with Kotak Car Secure to compensate for both first-party and third-party damage
- You can rely on our around-the-clock assistance for any minor or major situation
- Get the benefit of a maximum of 50% No Bonus Claim
- Complete protection due to natural calamities like fire, explosion, lightning, earthquake, flood, etc., or damages caused due to man-made calamities like burglary, theft, riot, strike, malicious act, accident, etc.
- Comprehensive cover provides protection against damages related to all electrical and non-electrical accessories as well as the bi-fuel system of the vehicle.
|
| Types of Policies |
- Third Party Car Insurance
- Comprehensive Car Insurance
- Standalone Own Damage Car Insurance
|
- Private car insurance policy
- Third party car insurance
- Comprehensive car insurance
- Personal accident cover.
|
| Add-ons/Riders |
- Zero Depreciation
- Engine Protector
- Consumable expenses
- 24x7 Spot Assistance
- Key and Lock Replacement
- Personal Baggage
- Conveyance Benefit
|
- Depreciation cover
- Consumables cover
- Return to invoice
- Tyre protection cover
- Daily car allowance
- Loss of personal belongings
- Roadside assistance.
|
| Accessibility |
Online through
PolicyBachat & Bajaj Allianz Website. |
Online through
PolicyBachat & Kotak Mahindra Website. |
The premiums are displayed according to your details, compare the quotes and buy the policy according to your needs and budget.
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More Coverages Comparison of Bajaj Allianz and Kotak Mahindra Car Insurance:
| Specifications |
Bajaj Allianz |
Kotak Mahindra |
| 24*7 Road Side Assistance |
Not Covered |
Not covered |
| Engine Protection cover |
covered |
Covered |
| Key Replacement |
Covered |
Not Covered |
| Max Personal Accident cover |
Rs. 15 lakhs |
Rs. 15 lakhs |
| ARAI Approved Anti-Theft Device |
Not Covered |
Not Covered |
| Coverage against Theft |
Covered |
Covered |
| Coverage against Natural and Manmade disasters |
Covered |
Covered |
| Third party Liability |
Covered |
Covered |
Conclusion:
We explained in detail the difference between Bajaj Allianz and Kotak Mahindra Car Insurance. The comparison will be done based on various factors such as claims, customer service, policy cost, and more.
In the end, both companies offer great customer service, competitive rates, and affordable premiums. Compare car insurance quotes and choose the best car insurance company to secure you from any mishap/theft, losses or damages, natural disasters, manmade calamities, and personal accident cover. Get your car insurance policy online for easy claim settlement and policy renewal.
However, some key differences make them stand out from each other. The difference between the two companies is their pricing structure. PolicyBachat help you choose the best car insurance policy by comparing online. You must know what your budget and requirements are, to decide on the right one for your needs. Choose the best car insurance company that provides good coverage at the best price.