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Motor Insurance ReviewREXI Analysis 2026
Bajaj Allianz Car Insurance
Competitive premiums and strong add-on options for value-conscious buyers.
4.2/5(195 reviews)
Claim Ratio: 97.55% (FY 2023-24)
Overview
Bajaj Allianz is known for competitive pricing on motor insurance, a strong add-on portfolio including Return to Invoice (RTI) cover, and a decent garage network. RTI cover (which pays you the full invoice value of a new car in case of total loss, not depreciated IDV) is a notable differentiator.
IDV Flexibility
Good — competitive IDV offers at renewal
Best For
Buyers of new or near-new cars who want RTI protection (replaces car at invoice price) in case of total loss — particularly valuable in the first 3 years
What We Like
- Return to Invoice (RTI) add-on available — replaces the car at invoice price, not IDV
- Competitive premiums especially for cars over 3 years old
- OwnDamage protection with Zero Dep available
- Good network of workshops in metros
Watch Out For
- Claim settlement speed has mixed reviews in some regions
- Some add-ons require explicit add-on at renewal — easy to miss
- Garage network in smaller cities can be limited
Products Offered
Car InsuranceTwo-Wheeler InsuranceMotor Fleet Insurance
Disclaimer: This review is based on publicly available information, IRDAI data, and REXI's policy analysis. Ratings are our editorial opinion. This is not financial advice — always read the full policy document before purchasing. Claim settlement ratios are sourced from IRDAI Annual Reports.