Pen Insurance

Pen collectors seek out premium and luxury pens that cost a lot of money. These are collector's items that are cherished. Often, a substantial emotional value too is attached with a pen gifted by your grandparents or a loved one. Furthermore, buying these premium luxury pens are heavy investments on your part and loss or theft of these collectables could really be a significant financial loss.

Bajaj Finserv offers Pen Insurance for premium luxury pens that could cause much anguish and financial loss, if stolen, damaged, or missing. Insure your rare and expensive pens today.

• Features & Benefits:

• 

  High Coverage Limit

  Get an insurance cover up to Rs. 10,000 for just Rs. 399.

• 

  Flexibility To Choose Payment Method

  You have the flexibility to choose a payment method as per your convenience. Payment via online bank account transfer, UPI, mobile wallets, credit/ debit cards is acceptable.

• What Is Covered?

• 

  Standard Fire And Special Perils Cover

  Get coverage against any damage or loss to your pen due to fire, lightning, explosion, implosion, riots, or strikes. You can also seek coverage against any financial loss due to impact damage and natural disasters like landslides, typhoons, earthquakes, etc.

• 

  Burglary And Robbery Cover

  In case of a robbery or burglary at your premises leading to any damage or loss of your pen, you can get coverage. To avail this benefit, the burglary or robbery should have taken place at the premises listed in the Certificate Of Insurance.

• 

  Accidental Damage Cover

  In case your pen is accidentally damaged, you can get coverage for the repair or replacement costs.

• 

  Mechanical Breakdown Cover

  You can claim repair or replacement expenses if your pen undergoes a mechanical breakdown.
  
  Please note that the coverage is as per the invoice value of the pen, up to a maximum of sum insured amount.
  
  To know more about the terms and conditions in detail, please click here.

• What Is Not Covered?

• 

  Loss Due To Pollution

  If your pen is damaged due to pollution or contamination, coverage for the same will not be provided.

• 

  Delayed Insurance Application

  Pens older than 30 days (as per the original invoice date) will not be covered.

• 

  Deductibles Applicable

  The deductible for the first 5% of each claim amount is subject to a minimum of Rs. 1,000 for sum insured up to Rs. 20,000, or Rs. 2,000 for sum insured more than Rs. 20,000 up to Rs. 50,000. These slabs apply to every claim raised unless revised or altered by the insurer in the Certificate of Insurance.

• 

  Loss Due To Act Of Terrorism

  Loss or damage, directly or indirectly, caused to your pen due to an act of terrorism is not covered.
  
  To know more about the terms and conditions on these exclusions, please click here.