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The law binds anyone riding a two-wheeler with an insurance policy covering the owner of the vehicle against any unanticipated situations or accidents or the vehicle against damage. [1] The vehicle is protected against any damage caused due to natural disasters such as storms, floods, landslides, earthquakes, and so on.
Bajaj Chetak built under license from Piaggio. Bajaj auto was established on 29 November 1945 as M/s Bajaj Trading Corporation Private Limited. [6] It initially imported and sold two- and three-wheelers in India. [6]
Bajaj Group is an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. [2] [3] The group comprises 40 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer. [4]
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Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. [29] It offers insurance products for financial planning and security. [ 30 ] The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct life insurance business in India. [ 31 ]