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
Get covered for repair and replacement costs incurred if the gadget is accidentally damaged.
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
Get coverage if your fitness wearable is damaged or destroyed due to accidental fire breakouts, riots, calamities or storms, earthquakes, and any other perils.
About five minutes is all it would take to complete six simple steps and get your policy online.
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.
- Exclusively for Bajaj Finance customers
- Nationality: Indian
- Gadgets purschased within 30 days are insured
No documents are required to buy the policy.
You only need to provide the following details at the time of buying the policy:
- Email address
- Phone number
Step-by-step guide to buy this policy
Click on the ‘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, your details on the form will be pre-filled. All you need to do is to check if the details are correct.
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.
After the payment is successful, you can download the policy receipt instantly.
You can also download the policy document from ‘My Account’ after 5 to 7 working days from the date of purchase of the policy.
Here’s a quick look at the policy details of Fitness Wearables Insurance:
|Coverage details (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
|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|
|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|
For complete details on product benefits, features, terms and exclusions, please read product sales brochure and policy wordings carefully before concluding a sale.
How to claim
You can reach out to the insurer (Bajaj Allianz General Insurance) to claim the benefits of Fitness Wearables Insurance by email or phone:
Insurer’s email address
Share your policy document and medical reports at firstname.lastname@example.org
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
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.
In case you have any queries related to coverage, exclusions, or product policy, please write to us at email@example.com
Frequently asked questions
Fitness Wearables Insurance is an insurance product from Bajaj Allianz General Insurance offered through Bajaj Finance that provides coverage in the event of any losses incurred by the policyholder from the loss or damage to their fitness wearables.
Purchasing any Fitness Wearables Insurance can be a major investment but it is an item that can easily be damaged or stolen. This can result in a major financial loss. The Fitness Wearables Insurance plan provides financial support to policyholders should their fitness wearables be lost or damaged.
The Fitness Wearables Insurance is available for an annual premium of Rs. 786 for a Rs. 20,000 sum insured.
You can reach out to the insurer by writing to them via email at firstname.lastname@example.org or calling on the toll-free number 1800-209-5858.
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.
The portion of the insured loss paid by the policyholder.
Maximum value to be derived from a policy.
The cause of property damage or personal injury which is the origin of the desire for insurance.
Anybody other than the insured or insurer who has suffered damages or is entitled to payment.