I want to buy Bajaj Allianz insurance for 6 months for my father who is visiting us in UK. I am not sure whether he will be staying here for 6 months. In case if he returns early, if there is any refund of premium for unused period of policy
by Mellen
Thank you for contacting us for your travel insurance requirements. Yes Bajaj Allianz refunds for the unused period of the policy. Below is the grid for refund:
Period of Risk | Premium retained by Company |
Above 50% of policy period | 100% of premium |
Between 40% to 50% of policy period | 80% of premium |
Between 30% to 40% of policy period | 75% of premium |
Between 20% to 30% of policy period | 60% of premium |
Policy inception - 20% of policy period | 50% of premium |
You can buy insurance online by using a credit/debit card, direct funds transfer using NEFT or RTGS or by using a cheque.
Travelers already outside India without insurance? We can try to get special approval to buy Bajaj Allianz travel insurance online.
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Insurance customers can renew their existing policy online before the exipry date at any time.
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Mr. Anshul Nijhawan, Head Travel Services at Bajaj Allianz says NRIOL and bajaj allianz have been working together for quite sometime now and NRIOL has successfully delivered seamless customer service by making available bajaj allianz travel insurance products to its customers online".