Bajaj Allianz General Insurance

Bajaj Allianz General Insurance – Fitness Wearables Insurance at Rs. 786

Note: This policy is available only for existing Bajaj Finance Limited customers. By proceeding, you agree to the terms and conditions

Key features and benefits

  • Coverage up to Rs. 20,000, premium Rs. 786

    Coverage up to Rs. 20,000, premium Rs. 786

    If an accidental damage occurs to the gadget, get coverage for repair and replacement costs.

  • Breakdown cover

    Breakdown cover

    The policy provides up to sum insured cover against any loss or damage from electrical or mechanical failure of your fitness wearables.

  • Coverage against special perils

    Coverage against special perils

    Get coverage if your fitness wearable is damaged or destroyed due to accidental fire breakouts, riots, calamities or storms, earthquakes, and any other perils.

  • End-to-end online process

    End-to-end online process

    You can easily buy the policy online through our 100% digital and paperless process.

Eligibility criteria and documents required

You need to fulfil the following criteria to buy Fitness Wearables Insurance. If you meet all the eligibility criteria, we will need a few details to complete your application process.

Eligibility criteria

  • Exclusively for Bajaj Finance customers
  • Nationality: Indian
  • Gadgets purchased within 30 days of buying the policy

Documents required

No documents are required to buy the policy.
You only need to provide the following details at the time of buying the policy:

  • Name
  • Address
  • Email address
  • Mobile number

Step-by-step guide to buy this policy

  • Step 1

    Click on the ‘Buy Now’ button on this page.

  • Step 2

    Enter your full name as on your PAN card and mobile number and press the ‘Proceed’ button.

  • Step 3

    Enter the One Time Password (OTP) received on your registered mobile number for verification.

  • Step 4

    If your mobile number is present in our records, your details on the form will be pre-filled. All you need to do is to check if the details are correct.

  • Step 5

    At this point, the payment page will open. Complete the online payment via one of the following options: UPI, net banking, credit/debit cards, and wallet.

  • Step 6

    After the payment is successful, you can download the policy receipt instantly.

    Download the plan document from ‘My Account’ after 5 to 7 working days from the purchase date.

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Policy details

Here’s a quick look at the policy details of Fitness Wearables Insurance:

Policy details Description
Coverage details (in Rs.) 20,000
Premium including GST (in Rs.) 786
Policy tenure 1 year

Key inclusions and exclusions

Here’s a quick look at the inclusions and exclusions under Fitness Wearables Insurance:

  • Key inclusions
  • Key exclusions
Key inclusions Description
Fire and special perils Cover against loss or damage from fire and special perils as specified in the policy document
Breakdown cover Cover against loss of fitness wearables due to mechanical or electrical failure
Accidental damage Cover against accidental damage to the fitness wearables while in owners’ custody
Key exclusions Description
Purchase date Damage or loss to helmets older than 30 days
Pollution Damage caused to the helmet due to pollution
Act of terrorism Loss of helmet due to an act of terrorism

How to claim

You can contact the insurer (Bajaj Allianz General Insurance) to claim the benefits of Fitness Wearables Insurance by email or phone:

  • Insurer’s email address

    Insurer’s email address

    Share your policy document and medical reports at bagichelp@bajajallianz.co.in

  • Insurer’s toll-free number

    Insurer’s toll-free number

    You can also call on the toll-free helpline number 1800-209-5858 and claim the benefits

  • Documents required to claim

    Documents required to claim

    To claim the benefits of Fitness Wearables Insurance, you need to present the following documents:
    1. FIR in case of theft or burglary
    2. Invoice of your lost/damaged gadget
    3. Document supporting the loss like a photograph or evidence

  • Contact Bajaj Finance Ltd.

    Contact Bajaj Finance Ltd.

    In case you have any queries related to coverage, exclusions, or product policy, please write to us at wecare@bajajfinserv.in

Frequently asked questions

What is Fitness Wearables Insurance?

This is a policy from Bajaj Allianz General Insurance offered through Bajaj Finance. It provides coverage in the event of any losses incurred by the policyholder from the loss or damage to their fitness wearables.

What are the benefits of getting Fitness Wearables Insurance?

The Fitness Wearables Insurance plan provides financial support to policyholders should their fitness wearables be lost or damaged.

How much does the premium cost for the Fitness Wearables Insurance?

The Fitness Wearables Insurance is available for an annual premium of Rs. 786 for a Rs. 20,000 sum insured.

What is the claim process to redeem the Fitness Wearables Insurance?

You can contact the insurer by writing to them via email at bagichelp@bajajallianz.co.in or calling on the toll-free number 1800-209-5858.

What is the deductible exclusion of the Fitness Wearables Insurance?

For the Fitness Wearables Insurance, 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.

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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 Allianz General Insurance Co. Ltd. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage with Bajaj Allianz General Insurance UIN: IRDAN113CP0004V01201819. Please refer insurer's website for Policy Wordings. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.”

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.