Bajaj Auto Rickshaw Insurance Price: All You Need to Know

Bajaj Auto rickshaws are among the most popular and widely used three-wheelers in India. These vehicles provide a cheap and efficient mode of transport in cities and towns. To ensure the safety of the passengers and the driver, Bajaj Auto offers auto rickshaw insurance. This type of insurance is mandatory for all auto rickshaws in India. It covers the cost of repairs, medical expenses, and other damages. This article will provide you with all the information you need about Bajaj Auto rickshaw insurance and its price.

The Different Types of Bajaj Auto Rickshaw Insurance

There are two types of auto rickshaw insurance offered by Bajaj Auto – the third party insurance and the comprehensive insurance. Third party insurance is the minimum level of insurance required by the law and covers the financial losses of a third party in case of an accident. Comprehensive insurance covers the losses of the third parties as well as the owner of the auto rickshaw. It also covers the cost of repair or replacement of the auto rickshaw.

The Cost of Bajaj Auto Rickshaw Insurance

The exact cost of Bajaj Auto rickshaw insurance depends on a variety of factors such as the type of insurance, the age of the auto rickshaw, the place of registration, and the insurer. Generally, third party insurance for an auto rickshaw costs around Rs. 2400 for a year. Comprehensive insurance for a new auto rickshaw costs around Rs. 4000 for a year. The premium for a used auto rickshaw may be slightly lower. In addition to the premium, you will also have to pay a one-time registration fee of Rs.50.

The Benefits of Bajaj Auto Rickshaw Insurance

Bajaj Auto rickshaw insurance provides a number of benefits. By having auto rickshaw insurance, you will be able to claim financial compensation for any damage caused to your vehicle or for the medical expenses of any injured passenger. It also provides financial security in case of theft of the auto rickshaw. In addition, if you are involved in an accident and the other party is at fault, you can claim compensation from the other party’s insurance company.

How to Buy Bajaj Auto Rickshaw Insurance

You can purchase Bajaj Auto rickshaw insurance online or through an insurance agent. If you choose to purchase the insurance online, you will have to provide some basic information such as the registration number of the auto rickshaw, the type of insurance you are looking for, and the place of registration. Once you have provided this information, you will be able to select the type of insurance, the cover, and the premium. Once you have made the payment, you will be able to download the policy document.

Conclusion

Bajaj Auto rickshaw insurance provides a number of benefits for the owner of the auto rickshaw. It is important to know the different types of insurance available, the cost of the insurance, and the benefits it provides. You can purchase Bajaj Auto rickshaw insurance online or through an insurance agent. It is important to ensure that you purchase the insurance from a reliable and reputed insurer to ensure that you get the best coverage.