Musical Instrument Insurance

A musical instrument is important for those who play, record or compose music. Musical instruments can be expensive and it is important to protect them against damages from fire, burglary or theft.

Musical Instrument Insurance from Bajaj Finserv offers financial coverage against any loss or damage caused to your musical instrument at an affordable premium.

• Plan Details

  With Musical Instrument Insurance, you can get coverage of up to Rs. 40,000 at just Rs. 599 per annum. You can choose to make the payment from any of the preferred online payment modes.

• What’s Covered

  Here’s what is covered in this plan.

• 

  Standard fire and special perils cover

  Any damage to your musical instrument due to fire breakout, explosion or implosion, strikes/riots, lightning or any other environmental disaster such as a storm, flood, earthquake, landslide, etc. are covered.

• 

  Burglary and robbery cover

  Musical Instrument Insurance provides protection against any loss/damage caused to your musical instrument in the event of actual or attempted robbery or burglary at your insured premises.

• 

  Accidental damage cover

  The plan offers coverage for repair and replacement costs incurred due to any accidental damage. To avail of this benefit, the instrument must have been in your possession at the time of damage.
  
  Coverage is provided as per the invoice value, subject to a maximum limit of the sum insured. For more information on detailed terms and conditions on coverages, please click here.

• What’s Not Covered

  Here’s what is not covered in this policy.

• 

  Loss due to pollution or contamination

  Any loss, destruction or damage caused to the musical instrument because of pollution or contamination will not be covered.

• 

  Deductibles applicable

  The deductible of 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 50,000.
  
  This is applicable unless specifically revised and altered by the insurer and mentioned in the Certificate of Insurance.
  
  For more information on the terms and conditions on coverages, please click here.

• 

  Delay in insurance application

  You need to insure your musical instrument within 30 days of its purchase (as per invoice) to seek the benefits of this cover.

Here are the steps to apply for the plan:

• Click on ‘Buy Now’ button and share your basic details in the online application form
• Check and confirm your application by entering the OTP received on your mobile number
• Pay the premium via credit/debit card, UPI, mobile wallet, or any other available online payment mode
• You will receive the details of your membership via email/WhatsApp

To raise a claim, please reach out to the customer experience team within 24 hours of loss of or damage to your musical instrument. You need to submit these documents while placing the claim:

• Duly filed claim form
• Invoice or bill copy
• FIR copy in case of burglary or theft

You contact our customer experience team through any of the following ways:

• Toll-free number: 1800 209 5858
• Email: bagichelp@bajajallianz.co.in
• Visit the customer service website
• Mailing address: Bajaj Allianz General Insurance Co. Ltd. - Bajaj Allianz House, Airport Road, Yerwada Pune- 411006
 

Contact Us

For queries related to the policy, please write to us on email at wecareinsurance@bizsupportc.com.

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 Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above-mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products.”