Bajaj Finserv Mobile Insurance Plan

Bajaj Finance/Finserv Mobile Insurance Plan Overview

Bajaj mobile insurance plan is a comprehensive mobile insurance offered by Bajaj Finance Limited- a non-banking financial company (NBFC) based in India. It is a subsidiary of Bajaj Finserv Limited, which is a part of the Bajaj Group.

Bajaj Finance offers a wide range of financial products and services, including personal loans, business loans, consumer durable loans, two and three-wheeler loans, and home loans.

To ensure the security of the mobile devices, bajaj finserv/finance has introduced a complete mobile protection plan to secure your mobile from unexpected damages or security breaches. You can buy the plan at the time of purchasing a new mobile through bajaj finance.

The insurance plan is collaboratively offered by bajaj finserv and CCP Group- a UK-based multinational company providing "Life Assistance Services" in 15 countries arround the world since 1980, and in India since 2008.

It is an ideal insurance plan for those who use expensive smartphones and want to ensure their devices are protected against any unforeseen circumstances.

Main Features of Bajaj Finserv Mobile Insurance

Every insurance policy has its advantages and disadvantages to buy or not to buy. Bajaj mobile insurance policy has some of the best noticeable features that every insurance buyer should consider.

Let's see some of the key features and benefits of the Bajaj Mobile Insurance Plan.

• Complete Coverage: Bajaj mobile insurance is a full-fledged mobile insurance policy that covers everything inclusive of water damage, physical damage, and mechanical or electrical dysfunctionality of the mobile.
• Coverage for Mechanical Failures: If your phone's display has stopped working, or it's not running as smoothly as earlier, the policy has covered it too. The display dysfunctionality and other mechanical breakdowns are covered under the policy.
• Antivirus Support: The abjaj mobile insurance plan offers free F-Secure antivirus so that you can brows the internet safely, and can save your mobile from malware and virus attacks.
• Coverage for Physical Damage: The accidental dropdown is the main cause of the damage or screen breakage. If your mobile is harmed or vandalized, the bajaj insurance company will repair or replace the phone as per the policy norms.
• Liquid Damage Coverage: Bajaj mobile insurance covers liquid damages such as water spills, coffee drops, or any other liquor. The insurance company is liable to pay the cost of repair or restoration of the phone.
• Total Claims: Most other mobile insurance companies accept only one claim per calendar year. However, bajaj mobile insurance grants two claims yearly. You can claim for the repair or replacement twice.
• Coverage for Theft: In case of stealing, report the loss as soon as possible and get a mobile for temporary use for up to 7 days.
• Quick claim settlement: Bajaj Mobile Insurance has a simple and quick claim settlement process that ensures mobile phone users get the required assistance and support in case of any damage or loss.
• Affordable premiums: The policy offers affordable premiums that are easy on the pocket of mobile phone users.
• Worldwide coverage: Bajaj Mobile Insurance provides worldwide coverage to mobile phone users, which means they are protected against any loss or damage to their device, no matter where they are in the world.

Bajaj Mobile Insurance Policy Detail

The bajaj mobile insurance plan which come with CPP membership is explained in below table. Kindly, have a look.

Key Benefits of Bajaj Finserv Mobile Insurance Plan

1. Comprehensive Protection

Bajaj Finserv Mobile Insurance Plan offers comprehensive protection against a wide range of risks, including accidental damage, theft, and liquid damage. With this plan, your device is covered from all angles, ensuring that you're not left to bear the high costs of repair or replacement. Whether your phone is damaged due to a fall, water exposure, or even if it's stolen, this plan ensures you get the financial support you need to keep your phone functioning at its best.

2. Affordable Premiums

One of the main advantages of the Bajaj Finserv Mobile Insurance Plan is its affordable premiums. Unlike many other insurance providers that charge high premiums, Bajaj Finserv keeps its coverage plans budget-friendly. For a low cost, you can secure your phone against various damages, ensuring you're not left with a hefty repair bill. The premium structure is designed to make it easy for anyone to afford mobile insurance, no matter their financial situation.

3. Wide Network of Service Centers

The Bajaj Finserv plan comes with the convenience of a wide network of service centers across the country. If your phone needs repair or replacement, you can easily find an authorized service center nearby. This vast network of service centers ensures that you're never too far from getting the help you need, making it an ideal solution for users living in urban and rural areas alike.

4. Quick Claim Process

With the Bajaj Finserv Mobile Insurance Plan, you can expect a quick and efficient claim process. The entire process is streamlined to ensure that your claims are processed as quickly as possible. Whether you're dealing with a damaged screen or a phone that's been stolen, Bajaj Finserv ensures that the claim process is simple, fast, and hassle-free, so you can get back to using your device as soon as possible.

5. Coverage for Various Devices

Regardless of the brand or model, the Bajaj Finserv Mobile Insurance Plan offers coverage for various devices. Whether you own a basic smartphone or a high-end premium device, this plan ensures your phone is protected. With this broad coverage, you don't have to worry about your device not being eligible for protection, making it a great option for anyone looking to insure their mobile phone.

6. Accidental Screen Protection

One of the most common issues with mobile phones is screen damage, and Bajaj Finserv's plan includes accidental screen protection. If you drop your phone and crack its screen, this plan covers the cost of repair or replacement. This feature is essential for those who frequently use their phones and want to avoid the costly repair fees associated with damaged screens.

7. No Depreciation Charges

Unlike many other mobile insurance providers, Bajaj Finserv does not apply depreciation charges when processing claims. This means that if your phone is damaged or lost, you'll receive full compensation for its value without any deductions for age or usage. This feature ensures that you're getting the full value of your phone, no matter how long you've owned it.

8. Additional Add-ons Available

Bajaj Finserv provides the option to enhance your mobile insurance with additional add-ons, offering greater coverage. These add-ons can include protection against liquid damage, electrical faults, or fire damage, ensuring that you're fully covered for all potential risks. With these extra options, you can customize your insurance plan to suit your specific needs, giving you more flexibility and peace of mind.

9. Easy Online Purchase

The Bajaj Finserv Mobile Insurance Plan is easy to purchase online, making it convenient for anyone to secure coverage for their device. The simple online process lets you get a quote, select your coverage options, and purchase the plan without leaving your home. This seamless online experience saves you time and effort, making mobile insurance more accessible than ever before.

10. Global Coverage

With Bajaj Finserv, you get global coverage for your mobile phone, ensuring that you're protected even when traveling abroad. Whether you're in a different city or a foreign country, this plan ensures that your phone is covered for any damage or loss, making it the perfect choice for those who travel frequently.

Eligibility Criteria To Buy Bajaj Mobile Insurance

There are certain eligibility requirements set by the company that you must fulfil to be eligible for buying the policy.

There are no other mandatory criteria other than described above. If you're an Indian national and 18 years old, you're eligible to buy it.

Bajaj Mobile Insurance Policy Inclusions

Coverage for accidental Screen Damage

The insurance policy covers all accidental damages to the screen including physical, and liquid damages, and harms caused by electrical or mechanical failures.

Accidental Damage to Mobile

This insurance plan provide the complete coverage for damages may occur due to accidental drops, liquid spill, or any other