In the past few decades, hearing aids have come a long way in terms of technology and ease of use. The old bulky hearing aids have now turned compact and stylish. However, these devices are still expensive to buy and are susceptible to damage or breakdown due to complex technology. With Hearing Aid Insurance from Bajaj Finserv, you can stay covered against any financial loss suffered due to repairs or replacement of your hearing aids. Read on to know the features and benefits, coverage, and exclusions of this plan.
With Hearing Aid Insurance, you can avail coverage of up to Rs. 25,000 at a nominal premium of Rs. 399 for a year. You can insure your hearing aid within 30 days of its purchase.
Applying for the Hearing Aid Insurance is a simple, online process. All you need to do is fill in your basic details in the online application form and pay the premium amount using net banking, mobile wallets, UPI, debit cards or credit cards.
Any loss or damage to your hearing device due to fire, explosion, implosion, lightning, and more is covered under the plan. It also offers coverage against damages due to strikes, riots, earthquakes, floods, and cyclones.
The policy covers the insured against financial losses due to theft or damage to the hearing aid due to robbery or a house break-in.
The Hearing Aid Insurance plan covers accidental damages incurred to your hearing aid. However, the damage should have been occurred while the insured item was in your custody.
Any expense on the repairs or replacement of your hearing aid due to mechanical or electrical breakdown caused accidentally by external means only is covered under the policy. The coverage offered however will be limited to maximum sum insured or the invoice value, whichever is lower.
Once you purchase a hearing device, it must be insured within a period of 30 days.
Any damage which is caused to your hearing aid due to normal wear and tear, repair, restoration, maintenance is not covered under the policy.
10% of each claim raised has to be borne by the policyholder.
Any loss or damage to the insured item caused deliberately, is not covered under the plan. Also, damage occurred due to misuse of the item is also not covered under the policy.
Loss or damage to the device due to mechanical or electrical derangement/breakdown unless occurred accidently due to external means is not covered under the policy.
Applying for the Hearing Aid Insurance requires you to fill in the online application form and pay the premium using your preferred mode of payment. Here is the step-by-step process to complete the purchase.
For any queries or concerns relating to the policy, please get in touch with us by writing an email to firstname.lastname@example.org.
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."