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:
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.
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.
Here’s what is covered in this plan.
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.
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.
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.
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.
Here’s what is not covered in this policy.
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.
Any loss or damage to the insured item due to repair, renovation, maintenance, and normal wear and tear is not covered under the policy.
The policyholder needs to bear the 10% of each claim raised as per the conditions of the policy.
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:
While raising a claim, the following documents are required to be furnished to the insurer:
For any queries or concerns related to the policy, its terms and conditions, and the application or claim process, please feel free to get in touch with us by writing an email to firstname.lastname@example.org.
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.”
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