Pen Insurance

For pen collectors and enthusiasts, a pen is not just a writing tool but an accessory of great value. Bajaj Finserv’s Pen Insurance policy from Bajaj Finserv can be of significant advantage for those with a premium collection of pens. The policy offers comprehensive coverage against accidental loss or damage due to mechanical breakdown, fire, natural disasters, theft, burglary, and other perils.

• Plan details

  Pen Insurance offers coverage of up to Rs. 10,000 at a nominal premium of Rs. 399. Pay online using your preferred payment modes.
  
  Here’s a look at the plan details:
   

  Duration	1 year
  Premium	Sum insured up to Rs. 10,000 at Rs. 399 a month
  Deductible	5% of the claim amount, subject to a minimum of Rs. 1,000 for each claim

• What’s covered

• 

  Accidental damage or loss

  You can claim repair or replacement costs for your pen in case of accidental damage or loss.

• 

  Fire and special perils

  The policy offers coverage against loss or damage to your pen due to fires, lightning, explosions, implosions, riots, strikes and natural disasters such as landslides, typhoons, earthquakes, etc.

• 

  Theft, burglary, and robbery

  Loss or damage to your pen due to theft, burglary or robbery at your premises will be covered.

• 

  Mechanical breakdown

  The policy also covers the mechanical breakdown of your pen.

• What’s not covered

• 

  Delayed insurance application

  Pens older than 30 days from the purchase date on the original invoice will not be eligible for insurance.

• 

  Loss due to pollution

  Loss or damage to your pen due to pollution or contamination is excluded.

• 

  Loss or damage due to terrorism

  The policy does not cover damage or loss to your pen in an act of terrorism.
  Please read the policy document for the full list of inclusions and exclusions.

• 

  Deductibles

  A deductible of the first 5% of the claim amount is applicable on every claim unless specifically revised and altered by the insurer and mentioned in the Certificate of Insurance. The deductible will be a minimum of Rs. 500 for a sum insured of up to Rs. 10,000.

Apply for Pen Insurance online in a few simple steps:

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

To raise a claim, you can intimate the insurer within 24 hours of discovering the loss or damage of the insured pen through any of the following modes:

• Call: 1800 209 5858 (24-hour toll-free helpline number)
• Email: bagichelp@bajajallianz.co.in

Once you inform the insurer, you have to submit all the relevant information about your claim, including policy information and other claim-related details.

Note: In case of theft and burglary, file an FIR at the local police station within 24 hours of discovering the loss.

• Duly filled and signed claim form
• An incident report by the customer
• Original and copy of the invoice bill of the pen
• Copy of the report from the fire brigade, in case of fire loss
• Copy of the FIR, in case of theft or burglary

Besides these, certain other documents may also be required during claim settlement.