Air Conditioner Insurance

Air Conditioners (ACs) can help one get respite from the scorching heat during summers. However, if your AC stops working, the costs of repairing, maintaining or replacing your air conditioner can be quite high. To avoid incurring these out-of-pocket expenses, consider getting covered with the right AC insurance policy.

Bajaj Finserv offers AC Insurance policy, so you can safeguard your AC against multiple risks and get coverage against any unforeseen expenses. This insurance policy covers air conditioners installed in your home or office against loss, theft, burglary, fire, and other accidental damages.

The policy provides coverage for AC repair or replacement under specific conditions, and helps you beat the heat without worrying about the safety and security of your air conditioner.

  • Plan Details

  • High Sum Insured

    High sum insured at an affordable premium

    This personal all-risk policy offers a high coverage of up to Rs. 50,000 at a minimal premium of Rs. 399 per year.

  • Coverage_For_Repair_Replacement

    Coverage for repair/replacement of your AC

    The AC Insurance policy provides coverage for any AC repair/replacement expenses due to loss or accidental damage, theft, burglary, and fire.

  • Multiple Payment Methods For Ease Of Transaction

    Multiple payment methods for ease of transaction

    The premium for your AC Insurance policy can be paid via multiple payment options including Net Banking, mobile wallets, UPI, debit cards or credit cards.

  • What’s Covered

    Here’s what is covered in this policy.

  • Accidental_Damage

    Accidental damage and breakdown

    The plan insures your air conditioner against accidental damages or any unintentional event leading to the damage of your AC.

  • Standard Fire Cover

    Standard fire

    The Air Conditioner Insurance policy from Bajaj Finserv covers the repair/replacement costs incurred on an AC unit due to loss/damages caused by fire.

  • Theft And Burglary Cover

    Theft and burglary

    Financial losses resulting from theft and burglary of your air conditioner are covered by the insurer. You will receive financial compensation in case of a robbery.

  • In the above-mentioned circumstances, you will be provided with compensation (repair/replacement cost) as per the invoice value or maximum up to the sum insured amount.

  • What’s Not Covered

  • Air Conditioners Older Than One Year

    Air conditioners older than one year

    Air conditioners that are more than one year of age from the original purchase date stated on the invoice are not covered. You will have to get your AC insured under this policy within 365 days of its date of purchase.

  • Pre-existing Conditions

    Pre-existing conditions

    Faults or defects that already existed in the AC at the time of the commencement of the policy do not come under its coverage.

  • Loss_Or_Damage_Due_To_Restoration_Processes

    Loss or damage due to restoration processes

    Any loss or damage caused to your air conditioner, during restoration and servicing processes such as cleaning, dyeing, or bleaching; preventative maintenance, repair and renovation, is not covered under this policy.

  • Damage Caused Due to Normal Wear And Tear

    Damage caused due to normal wear and tear

    Damage or deterioration of your AC occurred as a result of normal wear and tear due to regular use, infestation of moth, vermin, insects, etc., growth of mildew, or other gradually occurring causes, is not included.

  • Mechanical Or Electrical Breakdown

    Mechanical or electrical breakdown

    Electrical or mechanical failure and derangement of the components or the entire unit are not covered unless accidentally caused by external means or conditions that are clearly specified in the policy.

  • Deductibles Applicable

    Deductibles applicable

    For each and every claim raised, excess amount (first 10% of claim amount) needs to be paid towards the claim on your insurance.

  • Damage or Loss Incurred By The Insured

    Damage or loss incurred by the insured

    Loss or damages caused to the AC as a result of an act committed by the insured or any condition he/she has suffered from, which has increased the risks that the appliance was insured against, are excluded from the policy.

  • Loss Or Damage Due To Mishandling Or Wilful Conduct

    Loss or damage due to mishandling or wilful conduct

    Malfunctioning and other issues arising out of misuse, misplacement, negligence, poor maintenance, and wilful or intentional reckless handling of the AC are not covered.

  • Consequential Loss

    Consequential loss or legal liabilities

    The insurance policy doesn’t offer coverage for any kind of legal liabilities or consequential loss.

  • To read more about the terms and conditions of the AC Insurance policy please click here.

How To Apply?

In order to apply for an AC Insurance policy from Bajaj Finserv, visit our official website and fill the online application form with all the required details. Next, pay the applicable premium amount through your preferred mode of payment.

How To Claim

If you want to register a claim under your AC Insurance policy, contact the insurer through any of the following modes within 24 hours of the incident:

  • Call 1800-266-7780 (24-hour toll-free helpline number) or 1800-22-9966 (only for senior citizens)
  • Write to
  • SMS ‘Claims’ to 5616181.

Once you intimate the insurer about the claim, the concerned executives will get in touch with you and help you with settling the claim at the earliest.

Documents Required To File A Claim

While lodging a claim under your AC Insurance policy you are required to submit the following documents:

  • Incident report by the customer
  • Original invoice or bills of the reinstated AC
  • Repair bills in case of partial damage
  • Duly-filled and signed claim form
  • Copy of the report from Fire Brigade in case of a major fire loss
  • Copy of the FIR in case of theft or burglary

Contact Us

For any queries related to the policy, please get in touch with us by writing an email to

Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company Tata AIG General Insurance Co. Ltd. Bajaj Finance Limited does not underwrite the risk. BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage with <<Product Name with UIN>>. Please refer insurer's website for Policy Wordings. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.”

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