Pen Insurance

Collecting pens is one of the most common habits of passionate writers. Pen enthusiasts also love collecting exclusive pens that are unique and rare to find. To keep your exclusive pen collection safe and protected, you can opt for a pen insurance policy available on Bajaj Markets website. Get comprehensive coverage against damage, loss or theft of your premium collection of pens against a nominal fee of Rs. 399/year. 

The application process is simple and hassle-free. All you have to do is follow a few simple steps to get covered:

1. Click on Buy Now 

Tap on ‘Buy Now’ on the product page 

2. Fill in the Details

Enter the required details in the online application form

3. Make the Payment 

Complete the quick online payment

Policyholders will get coverage for these following losses and damages:

• Accidental Damage or Loss

Accidental loss or damage to your pen or expenses incurred for replacement and repairs are taken care of under this pen insurance coverage.

• Theft, Robbery, and Burglary

In case of any loss or damage to the pen due to theft, burglary, or robbery at the insured person’s premise, this plan will cover the expenses.

• Loss or damage due to Fire or Other Perils

Pen insurance policies offer coverage against damages or losses incurred due to natural calamities, explosions or implosions, strikes, riots, etc.

The table below represents all details and specifications of this pen insurance policy:

Note: Policyholders have to renew this insurance policy after the completion of 1 year to continue enjoying its benefits.

Here are some of the necessary exclusions that you need to know before purchasing the pen insurance coverage:

• Delayed Application

In case you make an insurance application after 30 days from the invoice date, the insurance company is not liable to compensate for the damage.

• Pollution-induced Damage

Any kind of pollution-induced damage does not fall under the coverage of this pen insurance policy.

• Loss or damage due to Terrorism

Any loss or damage due to a direct or indirect act of terrorism will not be covered under this plan.

• Applied Deductibles

5% is the deductible amount for every claim unless it is revised by the insurer and mentioned in the Insurance Certificate. Therefore, if the sum insured is up to Rs. 10,000, the deductible amount will be a minimum of Rs. 500

Policyholders can raise a claim by following any of these two ways:

• You can directly call at the toll-free number 1800 209 5858 (24 hours availability)

• Or, mail at bagichelp@bajajallianz.co.in

 

Note: You should inform your insurer within 24 hours of loss or damage.

Here are the documents required to raise a claim:

• A completed and signed claim form

• One copy of the incident report

• In case of loss due to fire, one copy of the fire brigade report

• Original and one copy of the invoice of the pen

• FIR copy

Policyholders can directly share their grievances with the customer care representatives through the official website of the insurance provider. If you have any queries related to the policy, feel free to write at wecareinsurance@bizsupportc.com.