Planning an event is a huge task and involves layers of details. From strategizing the budget to organizing every part of the event, there’s a huge checklist. Often, we invest a lot of funds into organising events like music festivals, concerts, weddings, and more. However, there is also a risk of cancellation or postponement of such events at the last minute due any unforeseen reason.
Therefore, it is necessary to secure your financial investments made for the event to avoid any loss of funds. By availing Event Insurance Policy by Bajaj Finserv, you can safeguard your finances easily. The policy provides a comprehensive coverage against financial losses suffered in an event.
Here are the features and benefits of the plan:
Get a coverage up to Rs. 3 lakh at a premium of just Rs. 599 per annum.
The Event Insurance policy helps you secure your financial investment made for any event such as a wedding.
The plan offers multiple payment options for easy payments. You can choose to pay online through net banking, UPI, mobile wallet, credit card or debit card.
Here are the expenses covered under the plan:
The plan offers coverage of up to Rs. 3 lakh for event cancellation due to fire breakout (standard fire and allied perils)
You can avail the coverage if your event is cancelled due to mourning declared on account of the death of the serving President of India/Prime Minister of India/Chief Minister of the State (in India) where the event is being held. The plan offers coverage up to Rs 2.5 lakh for cancellation of the first day of the event and up to Rs. 50,000 for cancellation of the second day of the event.
In case of fire or burglary at the event that results in the damage or loss of props, sets, wardrobe, and equipment, you can get coverage up to Rs. 2 lakh.
Here are the expenses excluded from the plan:
You have to pay 5% of the claim amount (subject to a minimum of Rs. 25,000 for each claim) as policy excess.
Any losses occurred due to extreme weather conditions, seasonal or unseasonal rains, fog, humidity or temperature changes will not be covered.
Any losses caused due to riots, war/nuclear material, terrorism, hoax, fear, threat of terrorism, political disturbances including bandhs, strikes, civil commotions or malicious damages will not be covered.
No coverage will be provided if the event is cancelled due to personal or health reasons such as menstruation, childbirth, communicable diseases or intentional self-injury or suicide.
Any losses due to confiscation, requisition, detention, destruction, abandonment by or by order of any government/public/local authority will not be covered.
Some of the other exclusions of the Event Insurance policy are:
- Loss due to short circuit (for equipment, machines, cameras), camera lens.
- Loss due to any kind of stunts, or any act leading to a breach of law.
- Loss due to delay in baggage.
- Any loss related to family members of the person performing at the event.
- Inventory losses or mysterious disappearances, antique items, and animals.
- USA or Canada state mourning will not be covered. Liability covers outside India are also excluded.
You can apply for Event Insurance online in three steps.- Log into our website
To raise a claim for Event Insurance, you can connect with out customer experience team on the below contact details:
• Website: Bajaj Allianz General Insurance
• Email: email@example.com
• Toll-free number: 1800-209-5858
You can also mail the claim documents to our mailing address: Bajaj Allianz General Insurance Co. Ltd., Bajaj Allianz House, Airport Road, Yerwada, Pune – 411 006.
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.”
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