Refrigerator Insurance

A refrigerator is an integral household appliance to store food, water, and refreshments. The refrigerators available in the market today feature cutting-edge technologies and energy-efficient mechanisms that bring great convenience and value to the users. However, it also is the reason why the cost involved in the repairs and upkeep of the appliance is quite high. With Refrigerator Insurance from Bajaj Finserv, you can get enough coverage in case your refrigerator breaks down or suffers an accidental damage or loss.

Offered under the Pocket Insurance & Subscriptions category by Bajaj Finserv, the policy covers mid to high-end refrigerators against a range of incidents that may lead to loss or damage to the insured appliance. Read on to know the features, coverage, exclusions of this policy:

• Plan Details

• 

  High coverage at low premium

  Refrigerator Insurance policy comes in two coverage and premium variants, allowing you to insure even the high-end refrigerators that are more expensive than the regular ones.
  
  

  Type of Refrigerator	Low to mid-range refrigerators	High-end refrigerators
  Coverage	Rs.50,000	Rs.1,00,000
  Premium	Rs.399 only	Rs.799 only
  	BUY NOW	BUY NOW

• 

  Easy application process

  Purchasing a Refrigerator Insurance policy from Bajaj Finserv is an online, hassle-free process. The premium can be paid using any of the multiple payment modes such as UPI, Net Banking, credit/debit card, and mobile wallet.

• What’s covered

• 

  Accidental damage

  Any accidental damage caused to the insured refrigerator is covered under this insurance policy for refrigerator. However, the damage must have occurred when the insured appliance was in your possession.

• 

  Breakdown

  In case your refrigerator breaks down or suffers a complete damage/loss, you can get coverage up to the maximum sum insured under the policy. The plan also covers the cost of repair and replacement of your refrigerator, in case of a mechanical or electrical failure.

• 

  Standard fire and special perils

  The refrigerator insurance policy covers your appliance against damages or losses resulting from fire, lightning, implosion, explosion, and more. The policy also provides coverage in case the insured item suffers damages due to a range of natural and man-made disasters such as strikes, riots, floods, earthquake, and others.

• 

  Burglary and robbery

  The policy covers the insured against financial losses due to damage or loss caused to the refrigerator due to an incident of robbery or house break-in.

• Note: The coverage offered under the policy is limited to the insured value or the invoice value, whichever is lower. To read the terms and conditions of the policy in detail, please click here.

• What’s not covered

• 

  Items older than 365 days

  You must insure your refrigerator within 365 days of its date of purchase. Post this period, you will not be able to apply for this insurance policy.

• 

  Loss or damage due to normal wear and tear

  Any loss or damage to the insured item due to repair, renovation, maintenance, and normal wear and tear is not covered under the policy.

• 

  Deductibles applicable

  The policyholder needs to bear the 10% of each claim raised as per the conditions of the policy.

• 

  Wilful damage caused to the insured product

  Any damage caused deliberately to the insured item will not be covered under the policy.

Applying for the Refrigerator Insurance policy from Bajaj Finserv is a hassle-free process. All you need to do is fill in the online application form with basic details and pay the premium using your preferred mode of payment. Here is the step-by-step process:

Step 1: Select Refrigerator Insurance/High-end Refrigerator Insurance from the Pocket Insurance & Subscriptions section on the Bajaj Finserv website.

Step 2: Click on ‘Apply Now’ and fill in the required details in the application form

Step 3: Make the Premium payment online using any of the payment modes available

Step 4: You will receive the membership details in your registered email address

To raise a claim request, contact the customer experience team of the insurer within 24 hours of the incident using any of the following ways:

• Call on 18002667780 (Toll-Free Number) or 1800-22-9966 (For senior citizens only))
• SMS 'Claims' to 5616181

While raising a claim, the following documents are required to be furnished to the insurer:

• Duly filled claim form
• Invoice or bill copy
• Copy of the FIR in case of burglary or theft