Bajaj Allianz General Insurance – Home Inverter Insurance at Rs. 697
Key features
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 are covered in the plan
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
- Phone 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.
You can also download the policy document from ‘My Account’ after 5 to 7 working days from the date of purchase of the policy.
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 reach out to 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 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 is an insurance product from Bajaj Allianz General Insurance offered through Bajaj Finance that provides coverage in the event of any loss or damage of the policyholder’s home inverter.
Purchasing a home inverter is a necessary but potentially major investment. However, such an item can also be damaged or stolen resulting in a major financial loss. 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 reach out to the insurer by writing to them via email at bagichelp@bajajallianz.co.in or calling on the toll-free number 1800-209-5858.
For the Home Inverter Insurance policy, the deductible of the first 5% of each claim amount is subject to a minimum of Rs. 1,000 for the sum insured of up to Rs. 20,000, or Rs. 2,000 for the sum insured above Rs. 20,000 and up to Rs. 50,000.