Prosthetic Limb Insurance

Thanks to prosthesis, people with physical disability can live a normal life. With the help of artificial wooden limbs, they can walk, swim, climb stairs, and even run as if they are on normal legs. However, the cost of acquiring a prosthetic limb can easily run into thousands and any loss or damage to it can create a huge dent in one’s financial bucket.

To protect the amputees from financial losses in case of loss or damage to their prosthetic limb(s), Bajaj Finserv has come up with a unique insurance plan called Prosthetic Limb Insurance. By availing this policy, you can safeguard your artificial limb(s) from the risks of getting lost or damaged due to unfortunate events such as fire, theft, burglary, natural disasters etc.

• Prosthetic Limb Insurance - Features & Benefits

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  High coverage at nominal premium

  With Prosthetic Limb Insurance policy, you will be able to avail a high coverage of up to Rs. 30,000 by paying a nominal one-time premium, starting at Rs. 349. You can purchase this policy to insure your new or up to 3-year old prosthetic limb.

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  Comprehensive protection

  With this policy, you will get a comprehensive protection cover for your prosthetic limb. Any loss or damage to it due to an unexpected incident involving fire, theft, burglary, riots, vandalism, strikes, and natural calamities will be covered by this policy.

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  Protection due to accidental damage

  This policy will financially safeguard your prosthetic limb from any accidental damages. In case your prosthetic limb gets damaged in an accident, you will be compensated with its invoice value or the sum insured, whichever is lower.

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  Easy application process

  The process of buying or applying for this policy is easy, quick, and hassle-free. All you have to do is just visit our website, fill up an online application form, and pay the premium using your preferred payment method including net banking, debit/credit card, mobile wallet or UPI.

• What is covered by the policy?

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  Standard fire and related perils

  Any loss or damage to your prosthetic limb caused due to fire or related perils such as explosion, implosion, lightening etc. will be covered by this policy.

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  Theft, burglary, and robbery

  Loss or damage to your prosthetic limb in case of theft, burglary, or robbery at your premises will be covered by this policy. You can also file a claim against the policy in case your prosthetic limb gets damaged due to riot, strikes, vandalism, or any natural calamity.

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  Tenure of the policy is 1 year

  This policy will be valid for a period of 1 year from the date of its purchase. In case of loss or damage to your prosthetic limb during this tenure, you can file a claim on the policy and get reimbursed for your financial loss.

• What is not covered by the policy?

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  Items older than 3 years

  If your prosthetic limb is more than 3 years old from its original date of purchase, it will be excluded from the coverage of this policy.

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  Claims without product invoice or repair bills

  In order to file a claim, it is mandatory to furnish the original invoice of your prosthetic limb (in case of total loss) or repair bills (in case of partial damage). Any claim made without the product invoice or repair bills will not be covered by the policy.

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  Gift items

  Products received as gift items are excluded from the policy coverage. So, in case you’ve received your prosthetic limb as a gift from another person or organisation, it will not be covered by this policy.

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  Damage due to pre-existing condition

  Any loss or damage caused to your insured prosthetic limb due to a pre-existing condition will be excluded from the policy coverage.

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  Damage due to misuse or mishandling

  Any damage or harm caused to your prosthetic limb due to its misuse, misplacement, or reckless handling will not be covered by the policy. Additionally, the damages caused to the prosthetic limb during the process of its cleaning, dyeing or bleaching, restoration or renovation are also excluded from the policy coverage.

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  Regular Wear and Tear

  Damages or deteriorations arising out of regular wear and tear of your prosthetic limb will not come under the policy coverage.

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  Deductibles Applicable

  For each and every claim raised by you, you will have to bear an excess amount on your claim i.e. first 10% of your claim amount.

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  Consequential loss or legal liabilities

  The insurer will not be responsible for any kind of consequential loss or legal liabilities related to your insured prosthetic limb.

The process to buy or apply for Prosthetic Limb Insurance policy is easy and hassle-free. Here is the step-by-step process through which you can purchase this policy:

Step 1: Click on ‘Apply Now’ button. Fill in the online application form with your basic details such as name, mobile number etc.
Step 2: Authenticate your purchase application by entering the One Time Password (OTP) received on your registered mobile number.
Step 3: Complete the purchase by paying the premium amount using your preferred payment method, including net banking, UPI, mobile wallets, debit/credit cards, etc.

Post payment, you’ll receive a confirmation of your policy purchase via SMS and e-mail on your registered contact details.

To raise a claim request, you need to contact our customer experience team within 24 hours of the incident through any of the following ways:

a. Call 1800-266-7780 (24-hour toll-free helpline number) or 1800-22-9966 (only for senior citizens)
b. SMS ‘Claims’ to 5616181.
c. While raising a claim, you’re required to furnish the following documents:
    i. Duly-filled claim form
    ii. Copy of the invoice of your prosthetic limb
    iii. Copy of FIR (in case of theft or burglary)
    iv. Repair bills (in case of partial damage)