Watches are a prized collection for many. However, any damages or losses to your watch can be expensive. Therefore, it is important to stay covered against any kind of financial loss or damage that can arise out of burglary, theft, fire or any other risk. With Watch Secure by Bajaj Finserv, you can get coverage against financial expenses incurred due to damages caused by such unexpected events.
Watch Secure offers coverage up to Rs. 40,000 at just Rs. 449. Make the payment from any of your preferred online payment modes.
Here’s what’s covered under this plan:
If you happen to lose your wallet along with its contents such as debit and credit cards, you can block all the cards by making just one phone call to the insurer.
You can avail of emergency financial assistance up to Rs. 20,000 in India and up to Rs. 40,000 abroad, in case you are stranded on a trip. This advance fund can be used to book alternative travel tickets and accommodation.
The plan covers you financially in case your wristwatch gets stolen in the event of burglary or theft.
Get coverage against repair and replacement expenses if your watch is accidentally damaged. However, such damages are covered only if the covered item is in your possession at the time of damage.
Losses and damages caused to your wristwatch as a result of fire, explosion, implosion, and lightning are covered under the plan. It also covers your watch against natural and manmade disasters such as earthquake, floods, cyclones, riots, strikes, and more.
Here are some of the exclusions under this plan:
Loss or damage caused to the item as a result of gradual wear and tear is not covered under the plan. Damages caused due to maintenance or repair activity are also not covered under the plan.
Damage caused by a mechanical or electrical failure is not covered under the plan, unless any damage is caused by accident or external means or approved by the insurer.
Any loss or damage to your wristwatch which is consequential is not covered under the plan. These may include damage due to misuse, misplacement, and intentionally caused damages.
Note: Watch Secure can only be purchased for wristwatches not older than 365 days as per the invoice date. To read the exclusions of the plan in detail, please click here.
Here are the steps to apply for the plan:
To raise a claim, you can contact the insurer through one of the following ways:
Here are the documents required to raise a claim:
For queries related to the policy, please write to us on email at firstname.lastname@example.org.
Disclaimer - Bajaj Finance Ltd. (BFL) is merely a distributor of above Products, owned by CPP Assistance Services Private Ltd. (CPP). Issuance of these products is at sole discretion of CPP. This product shall be governed by CPP product T&C’s and BFL does not hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This is not an insurance product and CPP Assistance Services Private Ltd. is not an insurance company. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products.”