Bajaj Allianz General Insurance – Home Inverter Insurance at Rs. 697
Product highlights
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
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Coverage up to Rs. 25,000, premium Rs. 697
Get up to sum insured for securing your home inverter against damage and loss.
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Breakdown cover
The policy provides up to sum insured cover against any loss or damage from electrical or mechanical failure of your home inverter.
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Cover against fire and special perils
Get comprehensive coverage against perils such as accidental fire, strikes, natural disasters like floods, typhoons.
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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 the Home Inverter 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
- Home inverter purchased within 30 days
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
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Step 1
Click on the ‘Buy Now’ button on this page.
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Step 2
Enter your full name as on your PAN card and mobile number and press the ‘Proceed’ button.
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Step 3
Enter the One Time Password (OTP) received on your registered mobile number for verification.
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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.
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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.
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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.
Policy details
Here’s a quick look at the policy details of Home Inverter Insurance:
| Policy details | Description |
|---|---|
| Sum insured (in Rs.) | 25,000 |
| Premium including GST (in Rs.) | 697 |
| Policy tenure | 1 year |
Key inclusions and exclusions
Here’s a quick look at the Home Inverter 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 home inverter due to mechanical or electrical failure |
| Accidental damage | Cover against accidental damage to the home inverter while in owner’s custody |
| Key exclusions | Description |
|---|---|
| Delay in application | Home inverter not insured within a period of 30 days from purchase |
| Pollution | Damage due to pollution and contamination |
| Deductible | Subject to deductible as detailed in the policy document |
Product information
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 contact the insurer (Bajaj Allianz General Insurance) to claim the benefits of Home Inverter Insurance by email or phone:
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Insurer’s email address
Share your policy document and medical reports at bagichelp@bajajallianz.co.in
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Insurer’s toll-free number
You can also call on the toll-free helpline number 1800-209-5858 and claim the benefits
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Documents required to claim
To claim the benefits of the Home Inverter 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 wecare@bajajfinserv.in
Frequently asked questions
Home Inverter Insurance from Bajaj Allianz General Insurance is offered through Bajaj Finance. It provides coverage in the event of any loss or damage to the policyholder’s home inverter.
The Home Inverter Insurance plan provides financial support to policyholders should their home inverter be lost, damaged, or stolen.
The Home Inverter Insurance is available for an annual premium of Rs. 697 for a Rs. 25,000 sum insured.
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.
The deductible for the first 5% of each claim amount is subject to a minimum of Rs. 1,000 for the sum insured up to Rs. 20,000, or Rs. 2,000 for the sum insured above Rs. 20,000 and up to Rs. 50,000.
Insurance glossary
Disclaimer
*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Life Insurance Corporation of India (LIC), Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Company Limited, HDFC ERGO General Insurance Company, TATA AIG General Insurance Company Limited, ICICI Lombard General Insurance Company Limited, New India Assurance Limited, Chola MS General Insurance Company Limited, Zurich Kotak General Insurance Company Limited, Star Health & Allied Insurance Company Limited, Care Health Insurance Company Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited and Manipal Cigna Health Insurance Company Limited under the IRDAI composite registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure & policy wordings carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also distributor of other third-party products from Assistance service providers such as CPP Assistance Services Private Limited, Bajaj Finserv Health Limited. etc. All product information such as premium, benefits, exclusions, value added services etc. are authentic and solely based on the information received from the respective Insurance company or the respective Assistance provider company.
Note - While we have made all the 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 products sales brochure and policy/membership wordings before concluding sales.
