Home Inverter Insurance

A home inverter is essential for uninterrupted power supply in your house. It works on different capacities and loads and is susceptible to breakdown due to capacitor wear-and-tear or over- and under- voltage. Breakdown, damage, loss, or theft of your home inverter could mean significant monetary loss and as such, this investment needs to be protected.

The Home Inverter Insurance from Bajaj Finserv can help you immensely. This plan covers your home inverter against loss or theft, fire and special perils, damage, and breakdown. With a minimal premium amount, you can save substantial repair and replacement costs.

• Features & Benefits:

• 

  High Sum Insured

  Get coverage up to Rs. 25,000 at just Rs. 249.

• 

  Multiple Payment Options

  You have the flexibility to choose from among multiple payment options available. Payment via online bank account transfer, UPI, mobile wallets, credit/ debit cards is acceptable.

• What Is Covered?

• 

  Standard Fire And Special Perils Cover

  Home Inverter Insurance provides comprehensive coverage against perils such as accidental fire breakout, strikes, natural calamities like floods, typhoons etc, explosion/implosion, bursting of pipes/tanks and more.

• 

  Accidental Damage Cover

  Get financial protection in case of accidental damage to your home inverter while in use (within your insured premises). Replacement or repair costs, maximum up to the sum insured amount are covered.

• 

  Burglary And Robbery Cover

  Home Inverter Insurance provides coverage against damage or loss caused to the inverter due to an actual or attempted robbery at your insured premises.

• 

  Breakdown Cover

  You can claim repair and replacement costs in case of inverter failure due to a mechanical or electrical fault.
  
  Please note that the coverage is as per the invoice value, maximum up to the sum insured under the policy.
  
  To know the detailed terms and conditions on these inclusions, please click here.

• What Is Not Covered?

• 

  Home Inverter Older Than 30 Days

  You cannot claim coverage if your home inverter was not insured within 30 days of its purchase (as per the original purchase date on the invoice).

• 

  Deductibles Applicable

  The deductible of the first 5% of each claim amount is subject to a minimum of Rs. 1,000 for sum insured up to Rs. 20,000, or Rs. 2,000 for sum insured more than Rs. 20,000 up to Rs. 50,000.
  
  This is applicable unless specifically revised and altered by the insurer and mentioned in the Certificate of Insurance.

• 

  Damage Due To Pollution

  Any damage to the home inverter due to pollution or contamination will not be covered.

• 

  Damage Due To Terrorism

  Any loss, damage, cost or expense of any type, directly or indirectly caused by an act of terrorism will not be covered.
  
  To know more about the terms and conditions on coverages and exclusions, please click here.

Online application for Home Inverter Insurance can be made in three simple steps. Login to our website, submit the form, and make the premium payment. The online application process is easy and hassle-free.

To lodge a claim for Home Inverter Insurance, it is mandatory that you inform our Customer Experience team within 24 hours (of the loss/damage to the inverter) and submit these documents:
• Invoice or bill copy
• Duly filed claim form
• FIR copy- in case of burglary or theft

The Customer Experience team can be contacted via:
• Toll free number: 1800 209 5858
• Email: bagichelp@bajajallianz.co.in
• Customer service website
• Mailing address: Bajaj Allianz General Insurance Co. Ltd. - Bajaj Allianz House, Airport Road, Yerwada Pune- 411006