As intricate pieces of mechanical art, wristwatches can shape the way you experience and perceive time. It is an expensive possession that must be handled with utmost care. While you may not always be able to prevent loss or damage to your wristwatch, you can get yourself covered against the financial expenses incurred, with the Watch Secure Plan offered by Bajaj Finserv.
Offered under Pocket Insurance & Subscriptions, the Watch Secure plan offers coverage of up to Rs. 40,000 at just Rs. 449. This also includes complimentary watch insurance offering coverage of up to Rs. 15,000.
The Watch Secure Plan covers the insured against variety of incidents causing loss or damage to their wrist watch. These incidents include theft, accidental damage, fire, natural calamity and more.
You can apply for the Watch Secure plan through an online application form. With multiple online payment options such as net banking, mobile wallet, UPI, credit and debit cards, you can purchase this plan within minutes.
If you happen to lose your wallet along with its contents including debit and credit cards, you can block all the cards by making just one phone call to the insurer.
If you get stranded while on a trip, you can avail emergency financial assistance of up to Rs. 20,000 in India and up to Rs. 40,000 abroad. This advance can be used to book alternative travel tickets and accommodation.
The Watch Secure plan covers you financially if the insured wristwatch is stolen due to burglary or theft.
The Watch Secure plan offers you coverage for repair and replacement expenses if your watch suffers an accidental damage. However, such damages are covered only if the insured item is in your possession at the time of damage.
Losses and damages to your wristwatch as a result of fire, explosion, implosion, and lightning are covered under the Watch Secure plan, The plan also covers your watch against natural and manmade disasters such as earthquake, floods, cyclones, riots, strikes, and more.
Loss or damage caused to the insured item as a result of gradual wear and tear is not covered under the Watch Secure plan. Damages as a result of a maintenance or repair activity are also not covered under the plan.
Unless caused by accidental external means or approved by the insurer, any damage to the insured watch caused by a mechanical or electrical failure is not covered under the plan.
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: The Watch Secure plan can only be availed for wristwatches not older than 365 days as per the invoice date. To read the exclusions of the plan in detail, please click here.
To purchase the Watch Secure plan, follow the below steps.
Step 1: Click the ‘Apply Now’ button on the top left corner of the page. Fill in your basic details in the online application form.
Step 2: Authenticate the transaction by entering the OTP received on your registered mobile number.
Step 3: Make the premium payment using credit card/debit card, mobile wallet, or any other preferred mode of payment.
In case of any doubts or concerns regarding the Watch Secure plan, you may get in touch with us by writing an email to email@example.com
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