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    Motor Insurance

    Pay As You Consume

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    Only Pay For Kms You Drive

    Your Driving, Your Premium – Pay As You Consume

    Coverage Highlights

    Get Smart Insurance for Smart Drivers
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    • Drive Less, Pay Less

    Save money based on your actual mileage

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    • Flexible Coverage

    Adjust your insurance to match your driving habits

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    • Smart Driving Rewards

    Get discounts for safe and efficient driving

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    • Customizable Insurance

    Tailor your policy to fit your driving needs

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    • Driving Behavior Benefit

    Earn rewards based on driving habits tracked by a telematics device

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    • No Claim Bonus (NCB)

    Eligible for valid NCB from your expiring policy when you first opt for the Pay As You Consume Plan

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    • No Claim Discount (NCD)

    Wide range of Add Ons

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    • Top-Up Option

    Pre-schedule your Insured Kilometers and Duration plans based on usage trends, avoiding renewal hassles (subject to 64VB compliance)

    Inclusions

    What’s covered?
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    • Comprehensive Coverage for Your Vehicle

    Accidental damage while driving is covered for the insured duration and kilometers

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    • Grace Kilometers

    Extra protection if you need to drive beyond your insured kilometers

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    • Carry Forward Kilometers

    Carry forward any unused kilometers to the next policy period

    Exclusions

    What’s not covered?
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    • Base Policy Exclusions

    We shall not be liable for any exclusions applicable to the Base Policy

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    • Claims Beyond Insured Duration

    Any claim made after the Insured Duration indicated in the Schedule will not be covered

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    • Claims Beyond Insured Kilometers

    Any claim made after the Insured Kilometers, including grace kilometers specified in the Schedule, will not be covered

    How Does Pay As You Consume Work?

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    • Declare Car Usage

    Estimate and declare the number of kilometers you plan to drive during the policy term, typically one year

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    • Odometer Reading Submission

    To activate the policy, upload a video of your car’s odometer reading as proof before the policy begins

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    • No Telematics Device

    Currently, PAYC policies are based on self-declaration by the car owner. No telematics devices are installed to track mileage

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    • Premium Discount

    If eligible, you can receive a discount on the own damage component of your insurance premium

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    • Claims and Limits

    Claims within the declared kilometer limit are processed as usual. However, if the limit is exceeded, you may need to pay a portion of the claim as co-payment

    What is Pay As You Go Motor Insurance?

    Pay As You Go Motor Insurance, also known as Pay As You Drive or Pay As You Consume insurance, is a flexible car insurance policy that allows you to pay premiums based on the actual usage of your vehicle. Unlike traditional car insurance policies that charge a fixed premium regardless of how much you drive, Pay As You Go insurance adjusts your premium according to the number of kilometres you opted during the policy inception.

    This type of insurance is particularly beneficial for those who drive less frequently, as it offers the potential to save on the Own Damage component of the premium.

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    Quick Overview

    • 1

      Policy Plan Flexibility: You can easily select tailored coverage plans, either by total kilometres or duration.

    • 2

      Premium Savings Feature: If you drive your vehicle less frequently, we will automatically reduce the premium cost.

    • 3

      Hassle-Free Top-Ups: You can easily purchase additional kilometres if you exhaust your opted km.

    • 4

      Driving Behaviour Rewards: Specialised telematics can track your road habits and reward safe driving with additional premium discounts.

    • 5

      Ideal Customer Profile: This usage-based policy perfectly serves low-mileage motorists, retirees, remote workers, and student drivers.

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      Traditional Insurance Comparison: Unlike traditional fixed-rate annual policies, usage-based insurance covers and charges you as per the choice of kms.

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      Online Purchase Documents: Buying PAYC insurance online requires downloading policy wordings, brochures, proposal forms, and customer sheets.

    • 8

      Insured Declared Value: Vehicle IDV serves as the sum insured, depreciating yearly based on manufacturer prices.

    Read More

    Why Should You Choose Pay As You Go Insurance?

    Pay As You Go is an add-on cover that you can take if you have a private car policy. This policy offers several features that make your insurance journey easier.

    • Flexible Plan

      We have various plans available under Pay As You Go. You can choose your plan based on kilometres opted. Kilometre-based options include 3,000 km, 5,000 km, etc.

    • Premium Savings

      With Pay As You Go Motor Insurance, we charge you premiums based on the usage of your vehicle. Therefore, the less you drive, the less premium you need to pay.

    • Hassle-Free Top-Ups

      You can add additional features to your PAYC cover easily. If you exhaust your kilometres, you can add extra.

    • Driving Behaviour Rewards

      By using telematics devices or IoT devices, Bajaj General Insurance can track your driving behaviour. Therefore, if you maintain a good driving record, you can earn rewards.

    What are the Benefits of Pay As You Go Insurance?

    We at Bajaj General Insurance strive to make your insurance journey better. Here are the benefits of a Pay As You Consume insurance policy you cannot miss.

    Who Should Consider Pay As You Go Insurance?

    Pay-as-you-go insurance is ideal for the following people:
    1
    People having a private car policy, SAOD, or Bundled with Bajaj General Insurance
    2
    Low-mileage drivers
    3
    Remote workers who don’t need to drive as much
    4
    Urban commuters who use public transport often
    5
    People who have 2 vehicles
    6
    Safe drivers who maintain good driving habits

    Comparing Pay As You Go with Traditional Insurance

    Pay-as-you-go insurance and traditional car insurance are two different concepts. Knowing the difference between the two will help you understand.

    Features Pay As You Go Insurance Traditional Car Insurance

    Premium Calculation

    Based on the declared distance

    Flat annual premium

    Cost Efficiency

    Ideal for low-mileage drivers

    Ideal for people who regularly drive their car

    Limit Exceeding

    If you drive more, your premiums will go up

    Driving more doesn’t affect premiums

    Importance of Pay As You Go Insurance:

    The importance of buying Pay As You Go Insurance Online is manifold. They are as follows:
    1
    Provides low-mileage drivers an option to insure their car without paying an extra premium
    2
    Customisable plans help drivers tailor them to their driving needs
    3
    Promotes safe driving by rewarding drivers for maintaining good driving behaviour
    4
    It adjusts premiums based on your car usage

    Step-by-Step Guide

    How to Buy Pay As You Go Insurance Online?

    How To Buy

    • 1

      Download the Bajaj General App from App stores or click "Get Quote"

    • 2

      Register or log in to your account.

    • 3

      Enter your car details

    • 4

      You will be redirected to the Car Insurance Page.

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      Ensure to check your No Claim Discount

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      Choose right Insured Declared Value (IDV) that reflects your car value

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      Evaluate Covers, Add Ons, Optional Covers and Exclusions

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      Select a plan from the recommended options, or customize your own plan

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      Review the premium and other coverage details

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      Proceed with the payment using your preferred method

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      Receive confirmation of your purchased policy via email and SMS

    How To Renew

    • 1

      Login to the app

    • 2

      Enter your current policy details

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      Review and update coverage if required

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      Check for renewal offers

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      Add or remove riders

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      Confirm details and proceed

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      Complete renewal payment online

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      Receive instant confirmation for your policy renewal

    How to Claim

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      Download our Bajaj General App on Android or iOS

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      Register or login to use Motor On the spot claim for a smooth process

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      Enter your policy and accident details (location, date, time)

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      Save and click Register to file your claim

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      Receive an SMS with your claim registration number

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      Fill in the digital claim form and submit NEFT details

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      Upload photos of damaged parts as instructed

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      Upload your RC and driving license

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      Receive an SMS with the proposed claim amount

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      Use the SMS link to agree/disagree with the claim amount

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      Agree to receive the amount in your bank account

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      Track your claim status using the Bajaj General App

    Know More

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      For any further queries, please reach out to us

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      Toll Free : For Sales :1800-209-0144

    • 3

      Email ID: careforyou@bajajgeneral.com

    Download Policy Document

    Policy documents are crucial when buying PAYC insurance from Bajaj General Insurance. Before buying, you must buy the policy wordings. Find the brochure, policy wordings, proposal form, claims form and customer information sheet.

    How Your Car's Insured Declared Value (IDV) is Calculated

    List of products specified in the list above are governed by the Indian Motor Tariff.

    The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘Sum Insured’ and it will be fixed at the commencement of each policy period for each insured vehicle.

    The IDV of the vehicle (and accessories if any fitted to the vehicle) is to be fixed on the basis of the manufacturer’s listed selling price of the brand and model of the insured vehicle at the commencement of the Policy. The IDV shall change according to the depreciation grid below for each block of one year within the policy period.

    The Schedule of Depreciation for Fixing IDV of the Vehicle:

    Under the Motor Vehicles Act, 1988, third-party insurance is mandatory in India. However, PAYC insurance is an excellent option for those who:

    • Drive their vehicles infrequently but want comprehensive damage coverage.
    • Wish to save on premiums by paying based on actual car usage.

    PAYC insurance allows drivers to pay premiums proportional to their car usage. It also offers discounts on policy renewal for claim-free years.

    Basis of Arriving at Insured Declared Value (IDV) of the Insured Vehicle:

    Sr. No.

    Name of the Product

    BAP UIN

    1

    Private Car Package Policy

    IRDAN113RP0025V01200102

    2

    Private Car Policy - Bundled

    IRDAN113RP0007V01201819

    3

    Standalone Own Damage Cover for Private Car

    IRDAN113RP0001V01201920

    4

    Private Car Package Policy – 3 Years

    IRDAN113RPMT0001V01202425

    5

    Two-Wheeler Package Policy

    IRDAN113RP0026V01200102

    6

    Long-Term Two-Wheeler Package Policy

    IRDAN113RP0008V01201617

    7

    Two Wheeler Policy – Bundled

    IRDAN113RP0008V01201819

    8

    Standalone Own Damage Cover for Two Wheeler

    IRDAN113RP0002V01201920

    9

    Two Wheeler Package Policy – 5 Years

    IRDAN113RPMT0018V01202425

    10

    Commercial Vehicle Package Policy

    IRDAN113RP0027V01200102

    11

    Motor Trade Internal Risk

    IRDAN113RP0039V01200102

    12

    Motor Trade Package Policy

    IRDAN113RP0038V01200102

    The list of products specified in the list above is governed by the Indian Motor Tariff.

    The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘Sum Insured’ and it will be fixed at the commencement of each policy period for each insured vehicle.

    The IDV of the vehicle (and accessories if any fitted to the vehicle) is to be fixed on the basis of the manufacturer’s listed selling price of the brand and model of the insured vehicle at the commencement of the Policy. The IDV shall change according to the depreciation grid below for each block of one year within the policy period.

    The Schedule of Depreciation for Fixing IDV of the Vehicle:

    AGE OF VEHICLE

    % OF DEPRECIATION FOR FIXING IDV

    Not exceeding 6 months

    5%

    Exceeding 6 months but not exceeding 1 year

    15%

    Exceeding 1 year but not exceeding 2 years

    20%

    Exceeding 2 years but not exceeding 3 years

    30%

    Exceeding 3 years but not exceeding 4 years

    40%

    Exceeding 4 years but not exceeding 5 years

    50%

    How Total Loss (TL) and CTL are Determined?

    The insured vehicle shall be treated as a CTL if the aggregate cost of retrieval and/or repair of the vehicle, exceeds 75% of the IDV of the vehicle, subject to terms and conditions of the policy.The liability of the Company shall not exceed the Insured's Declared Value (IDV) of the vehicle in the event of total loss/ constructive total loss/cash loss for the year in which loss has occurred. IDV as on date of loss shall be computed as specified under basis of arriving at Insured Declared Value (IDV)

    If a damaged motor vehicle is assessed as being unrepairable and hence a wreck i.e. a ‘total loss’ or ‘write-off’, You shall have the option to retain the wreck and accept a ‘cash loss’ settlement (being the IDV less the assessed value of Salvage based on competitive quotes procured by the Insurer including any submitted by or through the Policyholder).

    FAQ's

    How is pay as you go different from traditional car insurance?

    In traditional car insurance, you have to pay the premiums based on a fixed annual, half-yearly or monthly rate. However, in Pay As You Go insurance, the premiums are decided according to the kilometres opted.

    Who should buy pay as you consume cover?

    Pay As You Consume is ideal for remote workers, owners of multiple vehicles, and people who mostly commute in cities.

    Is this cover available for all vehicles?

    No, it is not available for commercial cars. This cover is available for private cars.

    Is pay as you go only available with a private car package?

    Yes, you can get the Pay As You Consume add-on cover with Bajaj General Insurance’s Private Car Package Policy, SAOD and Bundled.

    Is it necessary to install tracking devices on my vehicle?

    Although it is not necessary to install tracking devices, you have to provide the kilometres driven to us. You can do so by showing us your odometer. The policy operates on a self-declaration basis.

    Can I transfer my existing motor insurance policy to the new owner?

    Yes, you can easily transfer your vehicle's insurance to the new owner. The usual procedure for transferring a vehicle insurance policy between two owners requires the new owner of the vehicle to submit an application form to the insurance provider within about 14 days of the registration transfer.

    What risks are covered under an insurance policy for a vehicle?

    The coverage for vehicle insurance can vary depending on the type of policy chosen. For instance, under third party insurance, you get coverage for third party liability, third party property damage, personal accident cover, etc. Similarly, comprehensive insurance covers own damage vehicle, theft, natural/manmade calamities etc.

    Why should I buy a comprehensive vehicle insurance policy?

    Investing in a comprehensive motor insurance is beneficial because it provides extensive coverage for your vehicle. There are certain add-ons for comprehensive motor insurance that can be added to give your vehicle extra protection like damages for an accident, theft, natural disasters, damage to third party etc. as derived by the policy terms.

    What is a Third-Party Liability Cover?

    Third-Party Liability covers the legal liability one has to pay to the third party to whom damage is being caused. While opting for vehicle insurance, one has to choose between a comprehensive plan, which provides coverage for the policyholder and the third party, and a third-party policy, which provides coverage only for the third party.

    Differenciate Third-Party Liability and Comprehensive Motor Insurance?

    "Third-Party Liability: Covers damages you cause to another person or their property. It's mandatory by law. Comprehensive: Covers third-party liability plus damages to your own vehicle due to accidents, theft, natural disasters, etc. as per the policy terms"

    Will my no claims bonus be transferred if I renew my motor insurance?

    You may be able to transfer your no claims bonus when renewing your policy with us, but this depends on various factors. While renewing, you may be able to get new and better no claims bonus options and discounts.

    What is premium reduction process if no claim aquired previously?

    Certainly, the no claim bonus feature in vehicle insurance can reduce the premium by a certain percentage each year if no claims are made. This feature has proven beneficial for long-term insurance policies with the same company.

    What should be my first action to initiate a claim?

    Use our app, Bajaj General, to initiate your insurance claim with an easy and hands-free experience.

    How do I register my claim?

    Ideally, claims are supposed to be registered on the same day that damage occurs to the insured vehicle. It is highly appreciated to provide an immediate update to your vehicle insurance company. Please complete the claim application through our Bajaj General App to claim your insurance in just a few easy steps.

    What is a "deductible" or "compulsory excess" in motor insurance?

    It's the amount you have to pay out of pocket before your insurance coverage kicks in. A higher deductible usually means a lower premium.

    Why does my vehicle insurance premium change during renewal?

    Vehicle insurance premiums can change at renewal due to several factors, including depreciation, add-on covers, the type of model of your vehicle, and additional accessories. Consequently, the premium may increase or decrease each year.

    How 'no claim bonus' is calculated at the time of renewal?

    No claim bonus is calculated at renewal based on the consecutive years the insured has not filed a claim. The discount percentage usually increases each year, following the policy terms.

    What is break-in insurance? What should I do in case of break-in?

    Usually, vehicle inspection occurs when purchasing a new vehicle insurance policy or during the renewal process. Additionally, an inspection may be required when you file a claim for any damages, there is a change in the policy type, new accessories or equipment are added to the vehicle, or there is a change in ownership.

    When is a vehicle inspection mandatory in motor insurance?

    Usually, vehicle inspection occurs when purchasing a new vehicle insurance policy or during renewal process. Additionally, an inspection may be required when you file a claim for any damages, there is a change in the policy type, new accessories or equipment are added to the vehicle, or there is a change in ownership.

    Can I change my motor insurance provider at renewal?

    Yes, you can switch providers at renewal. Compare quotes and coverage options to find the best deal.

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    What Customer Say About Bajaj General Pay As You Go Insurance

    Great coverage option

    Enjoyed a smooth motor insurance experience with Bajaj General app. Great coverage options!

    AryanPatil

    Aryan Patil

    Pune

    5

    19th Jan 2025

    User friendly App

    Bajaj General app simplifies the motor insurance process. Quick, efficient, and user-friendly! 🎯

    NaadiyaRafiq

    Naadiya Rafiq

    Mumbai

    5

    19th Jan 2025

    Seamless Policy generation

    Love the ease of getting motor insurance through Bajaj General App. Highly recommend! 🙌

    MonuDubey

    Monu Dubey

    Chennai

    5

    19th Jan 2025

    Seamless Policy generation

    Caringly Yours by Bajaj General offers a fast and secure motor insurance process. Highly efficient!

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    Rasool Rosi

    Delhi

    5

    19th Jan 2025

    User friendly App

    The Bajaj General App is ideal for motor insurance. User-friendly and dependable! 🚗

    SamShona

    Sam Shona

    Mumbai

    5

    14th Jan 2025

    Easy renewal

    Need to renew motor insurance? Bajaj General App makes it an effortless task. 👍

    ShanQureshi

    Shan Qureshi

    Delhi

    5

    11th Jan 2025

    Seamless Experience

    Bajaj General App makes motor insurance renewal easy. Just a few clicks, and you're covered! 🚙

    LakshayDhariwal

    Lakshay Dhariwal

    Pune

    5

    11th Jan 2025

    Economical coverages

    Cool, fast, and economical motor insurance options available with Bajaj General. Fantastic experience with the app! 🚘

    BijuVR

    Biju VR

    Bengaluru

    5

    23rd Dec 2024

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