A car’s logo is the identity of a car. It identifies the brand of the car, whether it’s a luxury car, sports car, or so on. However, car logos are susceptible to theft, damage or distortion, which can ruin the visual appearance of your car.
With Car Brand Logo Insurance from Bajaj Finserv, you can get coverage against the financial losses arising due to theft or burglary of your car’s brand logo.
Car Brand Logo Insurance offers coverage up to Rs. 10,000 at premiums starting from Rs. 19. Make the payment from any of your preferred online payment modes.
Here are the details of the plan:
Here’s what’s covered under this plan:
The plan covers your car’s brand logo against the risks of burglary and theft. You will receive a compensation up to the invoice value of the new logo or the sum insured, whichever is lower.
From new cars to cars which are up to 5 years old and have the Registration Certificate (RC) will be covered under this plan.
This plan will be valid for a period of one year from the date of its purchase. In case your car’s brand logo gets stolen or destroyed during this period, you will be able to file a claim and get a reimbursement for the expenses incurred.
Here are some of the exclusions under the plan:
You need to have a valid RC of your car to avail of the benefits under this plan. If your car is not registered, then it will not be covered.
In case your car is more than five years old from the original date of its purchase, it will be excluded from the plan coverage.
Used or second-hand cars are not covered under this plan. Additionally, imported or modified cars are also excluded from the coverage.
In case of theft, you’ll have to file an FIR at a local police station and provide it at the time of filing the claim. If you’re unable to furnish the FIR copy, your claim will not be approved.
Any loss or damage to your car’s logo due to reckless or inappropriate driving will not be covered, unless specified in the plan schedule.
Any losses or damages arising out of regular wear and tear of your car do not come under the coverage.
For every claim raised, you will be required to pay an excess amount, i.e. the first 10% of the claim amount towards your insurance claim.
Here are the steps to apply for the plan:
To raise a claim, you can contact the customer experience team within 24 hours of the incident through any of the following ways:
a. Call 1800-266-7780 (24-hour toll-free helpline number) or 1800-22-9966 (only for senior citizens)
b. SMS ‘Claims’ to 5616181.
Here are the documents required for raising the claim:
• Duly-filled claim form
• Registration certificate of your car
• Copy of FIR iv. Repair bills (in case of partial damage)
For queries related to the policy, please write to us on email at email@example.com.
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. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above-mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does not hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products.”