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 any accidental loss or damage due to mechanical breakdown, fire, natural disasters, theft, burglary and other associated perils.
Pen Insurance offers coverage of up to Rs. 10,000 in the event of loss or damage caused to the insured pen. The policy can be purchased at a nominal premium of Rs. 399. You can choose to make the payment from any of the preferred online payment modes.
Here’s a look at the plan details:
|Premium||Sum insured up to Rs. 10,000 at just Rs. 399|
|Deductible||5% of the claim amount, subject to a minimum of Rs. 1,000 for each claim|
Here’s what’s covered in this plan:
The policy offers coverage against the repair or replacement cost, if your pen gets accidentally damaged or lost.
The policy offers coverage against loss or damage caused to your pen due to fire, lightning, explosion, implosion, riots, strikes, or natural disasters like landslides, typhoons, earthquakes, etc.
The plan offers coverage against any loss or damage of your pen incurred as a result of theft, burglary, or robbery taking place at your premises.
Mechanical breakdown of your pen is covered under the policy.
Here are some of the exclusions under the plan:
Pens older than 30 days from the date of policy purchase as per the original invoice date will not be covered. Pen Insurance should be taken within 30 days from the date of purchase.
Loss or damage caused to the pen due to pollution or contamination is not covered.
Damage or loss caused to your pen, directly or indirectly, as a result of an act of terrorism.
To read the complete list of inclusions and exclusions of the policy, please refer to the policy document.
The deductible for 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 Rs. 50,000. These slabs apply to every claim raised unless revised or altered by the insurer in the Certificate of Insurance.
Here are the steps to apply for the plan:
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: firstname.lastname@example.org
Once you inform the insurer about the claim, you need to submit all the relevant information pertaining to your Pen Insurance 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.
Besides these, certain other documents may also be required at the time of claim settlement.
For queries related to the policy, please write to us on email at email@example.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.”