CPP Group India - Cycle Insurance at a membership fee of Rs. 1,399 with coverage of up to Rs. 25,000
Key features and benefits
Coverage up to Rs. 25,000 at a fee of Rs. 1,399
Get coverage of Rs. 25,000 or up to the invoice value of your cycle (whichever is higher). The plan is available at an annual fee of Rs. 1,399.
Protection against accidental damage/ theft
Secure your cycle against theft, loss, or damage due to fire or burglary.
Get emergency roadside assistance in 400+ locations in select cities in India.
In case of theft or damage anywhere in the world, you can claim up to the insured amount for your cycle.
Block debit/credit cards with one call
Block all your lost credit cards and debit cards with just one phone call to our toll-free number: 1800-419-4000.
Emergency travel assistance
Get an emergency cash advance to pay your hotel bills or arrange travel tickets up to Rs. 40,000 abroad and Rs. 20,000 in India.
What is cycle insurance?
Cycle insurance is a type of insurance policy that provides coverage for bicycles in case of theft or accidental damage. The Cycle Secure plan also provides roadside and emergency assistance. With more people opting for cycle as a mode of transport, the pricing and variety of cycles available in the market are also increasing. Thus, having a cycle insurance can be extremely useful.
Eligibility criteria and documents required
You need to fulfil the following criteria to buy the Cycle Secure plan. If you meet all the eligibility criteria, we will need a few details to complete your application process.
- Nationality – Indian
- Age – 18 years and above
No documents are required to buy the plan.
You only need to provide the following details at the time of buying the plan:
- Email address
- Mobile number
- Brand name of the cycle
- Item identity number
- Date of purchase
- Item description
Step-by-step guide to buy this plan
Click on ‘Buy Now’ button on this page.
Enter your full name as on your PAN card and mobile number and press the ‘Proceed’ button.
Enter the One Time Password (OTP) received on your registered mobile number for verification.
If your mobile number is present in our records, pre-filled details will appear on the form. You need to review the details.
In case you are a new customer, buying the plan, you will need to fill in the application form. The details required are name, address, email address, and phone number.
After reviewing or filling out the details, the payment page will open. Complete the online payment via one of the following options: UPI, net banking, credit/debit cards, and wallet.
After the payment is successful, you can download the plan receipt instantly.
Download the plan document from ‘My Account’ after 5 to 7 working days from the purchase date.
Here’s a quick look at the plan details of Cycle Secure:
|Coverage (in Rs.)||25,000|
|Membership fee including GST (in Rs.)||1,399|
|Plan tenure||1 year|
Key inclusions and exclusions
Here’s a quick look at the inclusions and exclusions under the Cycle Secure plan:
- Key inclusions
- Key exclusions
|Doctor on call||In case of an on-road medical emergency, you can get access to qualified doctors with unlimited online doctor consultation. You can call on 1800-419-4000|
|Emergency travel assistance||Get emergency travel payment of up to Rs. 40,000 (abroad) or Rs. 20,000 (India) to pay your hotel bills or arrange travel tickets. This advance payment must be repaid within 28 days from the date of the money transfer|
|Value covered||The agreed value or invoice value (whichever is lesser) of the cycle is covered, which is for personal use only|
|Complimentary ZEE5 subscription||Get a one-year access to Zee5 Subscription along with this plan|
|24x7 card blocking service||In case of loss of your payment cards, you can call on a 24x7 helpline number 1800-419-4000). You can get your credit and debit cards blocked, eliminating the need to visit the bank personally|
|Network discount card||Get discount vouchers across multiple networks of diagnostic centres, hospitals, and pharmacies. The vouchers can be used for diagnostic tests provided by partner network centres. To book an appointment call 1800-103-4466 between 8 AM to 8 PM (available all days except national holidays) and provide the voucher code|
|Losses occurring under intoxication||The plan does not stand if the item is lost or stolen while you are in a state of intoxication or under the influence of alcohol, drugs, toxins, or narcotics|
|Deliberate losses||Losses occurring directly or indirectly from any act of forgery or fraudulent/dishonest act committed by you concerning the payment card, with an intent to defraud the card issuer, are not covered under the plan|
|Invoice date||The cycle should not be older than one year from the date of purchase|
How to claim
You can contact the service provider (CPP Group India) to claim the benefits of Cycle Secure plan by email or phone:
Service provider’s email address
Write to the insurer at firstname.lastname@example.org and share your policy document
Service Provider’s toll-free number
You can also call on the toll-free helpline number 1800-419-4000 and claim the benefits
Documents required to claim
To claim the benefits of this Pocket Subscription plan, you need to present the following documents:
1. Membership document received at the time of purchase
2. Invoices for all expenses being claimed
Contact Bajaj Finance Ltd.
In case you have any queries related to coverage, exclusions, or product, please write to us at email@example.com
Frequently asked questions
Cycle insurance helps in securing your cycle against accidental damage, loss, theft, burglary and fire. The CPP Cycle Secure plan provides emergency roadside assistance, doctor-on-call facility, emergency travel assistance and a network discount card. All this at a nominal subscription fee of Rs. 1,399. Also, get a complimentary annual ZEE5 subscription and single call card blocking facility.
You can visit the Bajaj Finance Insurance Mall and buy the Cycle Secure plan at an annual subscription fee of Rs. 1,399. You need to submit the basic details about your cycle and can claim the benefits in case of accidental damage, theft, fire, or burglary.
With Cycle Secure, you can protect your cycle from unforeseen circumstances involving loss, theft, or accidental damage to your cycle. You can get coverage against the financial loss incurred in such scenarios. Cycle insurance ensures that you don't have to bear the financial burden of repairing or replacing your bike in case of any such unfortunate events. Having cycle insurance is a cost-effective way to protect your bicycle and ensure that you can continue enjoying your cycling adventures without any worries.
Yes, you will get protection from losses incurred due to theft by applying for the CPP Cycle Secure plan.
To get coverage under the Cycle Secure plan, your cycle should not be older than one year from the date of purchase.
The membership duration for the Cycle Secure plan is one year.
If the invoice of the cycle is less than Rs. 25,000, the coverage will be the invoice value. If the invoice value is more than Rs. 25,000, then the maximum coverage will be Rs. 25,000. The fee for the plan is Rs. 1,399.
A written guarantee for repair and replacement costs coverage for a specified period.
The amount of loss or expenses covered.
The amount paid for the subscription plans.
It is the facility provided on a plan.