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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
    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.

  • Burglary And Robbery Cover

    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.

How to apply

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.

How to raise a claim

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.

Documents required:

  • 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.

Contact us

For queries related to the policy, please write to us at wecare@bajajfinserv.in.

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.”

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