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Price Protection Cover
Imagine buying an item at a certain price, only to find a discounted version announced soon after. With Bajaj Finserv’s Price Protection Cover, you can now get a refund on the difference between the price you paid and the lower printed advertised price, ensuring that you always get the best deal.
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Plan details
Price Protection Cover offers coverage of up to Rs. 75,000 at just Rs. 399 per annum. Pay the premium online using your preferred payment mode.
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What’s covered
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Financial losses
The plan offers coverage against the price difference if the price on a printed advertisement for an item is less than what you paid for it.
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Reimbursements
The plan reimburses you by the difference between the price you paid for an item and the printed advertised price. If the advertised price less than what you paid for the same item (the same brand, make, model name and/or number).
What’s not covered
- An item whose original purchase price is less than Rs. 2,500
- Art, antiques, firearms, and collectable items
- Fur, jewellery, gems, precious stones and articles made of or containing gold (or other precious metals or precious stones)
- Fuel or any perishable item including food, beverages, tobacco
- Pharmaceutical and other medical products, optical products and medical equipment
- Customised/personalised, unique and one-of-a-kind items
- Any items acquired illegally
- Animals and plants
- Cash or tickets such as travellers’ cheque(s), transportation tickets, show tickets, securities and other negotiable instruments, bullion, stamps, lottery tickets or tickets to events, admission or entertainment tickets
- Internet purchases or advertisements
Terms and conditions
• Printed lower price
The lower price must be on a printed advertisement.
• Duration
The printed advertisement must be published within 30 days of your purchase.
• Raising claims
You must contact us about your claim within 7 days of the advertisement being printed.
• Exclusions on claims
Payment on any claim will not include merchant’s credits, discounts and/or manufacturer’s rebates and shipping and handling fees.
• Payment amount
The claim payment will not be more than the actual amount charged for the item.
How to apply
- 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 file a claim
To raise a claim, you can contact the insurer in one of the following ways:
• Documents required at the time of claim
1. Duly filled and signed claim form
2. FIR (in case of burglary or theft)
3. Original purchase invoice/payment receipt
4. Credit/bank account statement showing expense
5. Any other requirement stated by the claim examiner
• Complete claim form
You must complete, sign and return the claim form to us with the following documents (and any others we may ask you to provide):
- An original receipt of the item
- Other relevant documents that may be required, including but not limited to police reports and/or the repair estimate (for damage claims only)
• Return claim form
You must return the claim form and accompanying documents to us within three days of making the original claim
• Damage claims
For damage claims, you may be required to send in the damaged item(s), at your expense, for further evaluation of your claim
• Police report
You must file a police report within 24 hours of the incident
Contact us
For queries related to the policy, please email us at wecareinsurance@bizsupportc.com.
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