Launch Overview
On 13 August 2026, from Pune, Bajaj General Insurance Limited – formerly Bajaj Allianz General Insurance Company Limited and a subsidiary of Bajaj Finserv Limited – announced two new motor‑insurance solutions: ProShield, a packaged policy for defence personnel, and the enhanced VPAY 2.0, a next‑generation offering for connected and modern vehicles.
ProShield Features
ProShield is designed to meet the unique mobility challenges of military life. It includes vehicle relocation protection that extends the policy when a vehicle is moved in a licensed carrier between postings and provides No Claim Bonus protection for eligible accidents occurring during carrier transit where the insured is not at fault. Travel Emergency Protection reimburses missed flights and hotel accommodation expenses arising from a vehicle accident while travelling to the airport, subject to policy terms. Document Loss Protection offers financial assistance for replacement of essential vehicle documents such as the Driving Licence and Registration Certificate for both the insured and the spouse. Policyholders receive dedicated priority assistance, personalised claims support and access to a nationwide network of more than 7,300 garages. In‑built financial protection features comprise Zero Depreciation with unlimited claims, waiver of deductible, Roadside Assistance, Tyre Cover, Rim Cover, Rodent Damage Cover, Towing Cover, Geographical Extension, Rally Cover and Accessories Cover.
VPAY 2.0 Features
VPAY 2.0 builds on the earlier V Pay product and consolidates a broad suite of coverages into a single solution, available in Prime, Classic and Elite variants. The enhanced offering introduces protection against emerging risks, notably cyber‑related incidents that affect connected vehicles and theft of funds resulting from covered cyber events. It also covers fuel adulteration and is compatible with evolving fuel technologies. Coverage extends to unexpected mechanical and electrical breakdowns beyond accidental damage. The Smart Repair feature allows customers to report multiple minor damages such as scratches and paint chips together during the policy period for greater convenience. VPAY 2.0 further provides coverage for restoring smart vehicle systems, including recalibration of Advanced Driver Assistance Systems (ADAS) cameras and sensors after repairs, thereby restoring vehicle safety features. For electric and hybrid vehicles, the policy includes traction battery replacement benefits as per policy terms. Enhanced benefits comprise a 100 % waiver of depreciation with no claim limit, waiver of deductible, comprehensive vehicle replacement benefits, theft of parts after breakdown or accident, consequential loss protection extending beyond engine damage, legal defence cost cover and integrated 360‑degree protection under a single solution.
Executive Commentary
Dr. Tapan Singhel, MD & CEO of Bajaj General Insurance, stated that traditional motor insurance has focused on post‑accident vehicle protection, but today’s mobility is far more dynamic, with connected, technology‑driven vehicles and distinct customer segment needs. He emphasized that ProShield addresses the frequent relocations and operational commitments of defence personnel, while VPAY 2.0 responds to emerging risks, evolving vehicle technologies and the broader expectations of modern vehicle owners. Both products reflect the company’s philosophy of understanding changing mobility and designing relevant insurance solutions.
Company Background
Bajaj General Insurance Limited is one of India’s leading private general insurers, offering a diversified portfolio that includes motor, health, home, pet, wedding, event, cyber and rural insurance, as well as fire, marine, engineering, liability and surety products for corporates and SMEs. The insurer participates in various government schemes aimed at financial inclusion. Established in 2001, it now operates in nearly 1,500 towns and cities across India, supported by the largest distribution network comprising individual agents, point‑of‑sale personnel, banks, NBFCs, motor dealers, brokers and its proprietary sales force. The company holds an ICRA AAA rating, reflecting strong financial strength and stability.
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