Purchase Protection Cover

A purchase protection plan secures your purchased items from any accidental damage or loss suffered, helping you recover the financial loss. Purchase Protection Cover offered by Bajaj Finserv provides coverage of up to Rs. 1.5 lakh at a cost-effective price. With a quick online application process and hassle-free claim settlement continue shopping stress-free.

• Plan Details

  Purchase Protection Cover offers coverage of up to Rs. 1.5 lakh at just Rs. 199 per annum. Make the payment from any of your preferred online payment modes.

• What’s Covered

  Here’s what’s covered under this policy:

• 

  Easy reimbursement

  The plan offers reimbursement on the purchased items in case of loss due to burglary, theft or accidental damage.

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  Coverage for financial losses

  The plan offers coverage against financial loss due to burglary, accidental damage, or theft of items purchased using any payment card or otherwise, within 30 days from the date of purchase.

• What’s not Covered

  Here are some of the exclusions under this policy:

  •    Items carried with you during a trip

  •    Items that were lost or stolen from a vehicle

  •    Travelers cheque(s), cash, tickets of any kind, negotiable instruments, bullion, rare or precious coins or stamps, plants, animals, consumables, perishables and services

  •    Art, antiques, firearms, and collectable items

  •    Furs, jewellery, gems, precious stones and articles made of or containing gold (or other precious metals and/or precious stones)

  •    Items you have rented or leased

  •    Used, rebuilt, refurbished, or remanufactured items at the time of purchase

  •    Motor vehicles including automobiles, boats and airplanes, and any equipment and/or parts necessary for their operation and/or maintenance

  •    Permanent household and/or business fixtures are not covered in purchase protection policy

• Note: For the full list of purchase protection cover exclusions, please download the policy brochure here.

Here are the terms and conditions applicable under this policy:

• Damage or loss within policy period
The damage or loss of the items must be within the number of days specified in the policy, starting from the purchase date

• Gifts
Items given as gifts are included within the policy scope

• Decision for repair, replacement or reimbursement
The insurer will decide whether to have the item repaired or replaced, or to reimburse (cash or credit) up to the amount charged to you, not exceeding the original purchase price

• Compensation
If the item is part of a pair or set, you will only receive compensation for the value of the stolen or damaged item unless the articles are unusable individually and/or cannot be replaced individually

• Coverage limitation for lost or damaged pair or set
The theft or damage of an item that is part of a pair or set will be viewed as one occurrence and the coverage limitation is applicable as per the policy

• Deductions of product rebates, discounts or money received
Product rebates, discounts or money received from Price Protection Cover will be deducted from the original cost of the item

• Theft claims
For theft claims, you must provide an official police report regarding the incident to us within the required time frame
 

Here are the steps to apply for the plan:

• Click on ‘Buy Now’ button 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/WhatsApp