Gadgets are an important part of everyday lives and many cannot imagine living without them. From power bank that helps you charge your phone, portable bluetooth speaker to hear music on the go, digital clock and portable vacuum cleaner that helps you clean efficiently, all these small gadgets make your lives comfortable. These high-end tech gadgets are not only expensive, but also prone to loss and damage.
With Small Gadgets Insurance from Bajaj Finserv, you can protect yourself from financial loss suffered due to accidental damage or breakdown of small gadgets. This insurance policy covers all types of small gadgets such as portable vacuum cleaners, bluetooth speakers, humidifiers, telephones, digital clocks, smart speakers, power banks, lighters, and more.
Small Gadgets Insurance offers coverage of up to Rs. 10,000 at just Rs. 399 per annum. Make the payment from any of your preferred online payment modes.
Here’s what’s covered under this policy:
The plan provides coverage against perils such as fire, explosion/implosion, lightning, flood, earthquake, cyclone, etc. You can also get coverage against damage caused due to riots and strikes.
The plan offers coverage for repair and replacement expenses incurred against unexpected mechanical breakdown of your small gadgets. You can seek the benefits of this cover only if the gadget was in your possession at the time of breakdown.
The plan also provides coverage against repair and replacement costs if your gadget is accidentally damaged. To avail the benefits of this cover, the gadget should have been in your custody at the time of damage.
Please note that the coverage is as per the invoice value of the gadget(s) or up to the maximum sum insured amount.
To know more about the detailed terms and conditions, please click here.
Here are some of the exclusions under this policy:
If the gadget is older than 30 days (as per the purchase date mentioned on the invoice), it will not be covered. To seek the benefits of this insurance cover, you need to apply for Small Gadgets Insurance within 30 days of purchasing the gadget(s).
The deductible of the first 5% of each claim amount is subject to a minimum of Rs 1,000 for the sum insured up to Rs. 20,000, or Rs. 2,000 for the sum insured above Rs. 20,000 and up to 50,000.
This is applicable unless specifically revised and altered by the insurer and mentioned in the Certificate of Insurance.
If any loss, damage or destruction is caused to your gadgets due to terrorist activities, then it is not covered.
Any loss sustained due to the effects of pollution or contamination will not be covered.
To know more about the terms and conditions on coverages and these exclusions, please click here .
Here are the steps to apply for the plan:
To raise a claim, you can contact the customer experience team within 24 hours of damage caused to your small gadgets.
• Toll-free number: 1800 209 5858
• Email: firstname.lastname@example.org
• Visit our customer service website
• Mailing address: Bajaj Allianz General Insurance Co. Ltd. - Bajaj Allianz House, Airport Road, Yerwada Pune- 411006
Here are the documents required for raising the claim:
• Invoice or bill copy
• Duly filed claim form
• FIR copy in case of burglary or theft
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.”