Small Gadgets Insurance at Rs. 303
Product highlights
Note: This policy is available only for existing Bajaj Finance Limited customers. By proceeding, you agree to the terms and conditions
Key features and benefits
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Coverage up to Rs. 10,000; Premium of Rs. 303
Get coverage up to Rs. 10,000 in case financial loss suffered due to accidental damage or breakdown of small gadgets.
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Standard fire and special perils cover
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.
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Accidental damage cover
The plan also provides coverage against repair and replacement costs if your gadget is accidentally damaged.
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End-to-end online process
You can buy the policy online through our 100% digital and paperless process.
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What is a small gadgets insurance cover?
Small gadgets insurance covers the accidental damage, theft, mechanical breakdown of smartphones, tablets, laptops, smartwatches, and cameras. It helps provide peace of mind to the policyholder knowing that their electronic gadgets are protected against unforeseen events, and they will not have to bear the expenses of repairing or replacing their devices out of pocket.
Why buy gadget insurance?
Whether it is fridge, TV, air conditioner, or small gadgets such as smartphones or laptops, Gadget insurance provides comprehensive coverage for your expensive electronic gadgets. It offers protection against accidental damage, theft, and loss. This insurance policy is especially crucial when traveling or in high-risk situations where the risk of damage or loss is significant. In case of any damage or loss, a Gadget Insurance policy helps cover the repair or replacement cost of the gadget, ensuring financial security.
Eligibility criteria and documents required
You need to fulfil the following criteria to buy the Small Gadget Insurance plan. If you meet all the eligibility criteria, we will need a few details to complete your application process.
Eligibility criteria
- Exclusively for Bajaj Finance customers
- Nationality: Indian
- Age: 18 - 65 years
Documents required
No documents are required to buy the policy.
You only need to provide the following details at the time of buying the policy:
- Name
- Address
- Email address
- Phone number
- Details of the gadget you want to insure
A step-by-step guide to buying this policy
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Step 1
Click on the ‘Buy Now’ button on this page.
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Step 2
Enter your full name as on your PAN card and mobile number and press the ‘Proceed’ button.
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Step 3
Enter the One Time Password (OTP) received on your registered mobile number for verification.
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Step 4
If your mobile number is present in our records, your details on the form will be pre-filled. All you need to do is to check if the details are correct.
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Step 5
At this point, the payment page will open. Complete the online payment via one of the following options: UPI, net banking, credit/debit cards, and wallet.
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Step 6
After the payment is successful, you can download the policy receipt instantly.
Policy details
Here’s a quick look at the policy details of Small Gadgets Insurance plan:
| Policy details | Description |
|---|---|
| Sum insured (in Rs.) | 10,000 |
| Premium including GST (in Rs.) | 303 |
| Policy tenure | 1 year |
Key inclusions and exclusions
Here’s a quick look at the inclusions and exclusions under the Small Gadget Insurance plan:
- Key inclusions
- Key exclusions
| Key inclusions | Description |
|---|---|
| Standard fire and special perils cover | 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. |
| Mechanical breakdown cover | The plan offers coverage for repair and replacement expenses incurred against unexpected mechanical breakdown of your small gadgets. |
| Accidental damage cover | The plan also provides coverage against repair and replacement costs if your gadget is accidentally damaged. |
| Key exclusions | Description |
|---|---|
| Gadgets older than 30 days | To seek the benefits of this insurance cover, you need to apply for Small Gadgets Insurance within 30 days of purchasing the gadget(s). |
| Deductibles | The deductible of the first 5% of every claim amount subject to a minimum of Rs. 1,000 will be applicable for all categories having sum insured up to Rs. 10,000. |
| Damage caused by terrorist activity | If any loss, damage, or destruction is caused to your gadgets due to terrorist activities. |
| Damage due to pollution | Any loss sustained due to the effects of pollution or contamination. |
Product information
For complete details on product benefits, features, terms and exclusions, please read the product sales brochure and policy wordings carefully before concluding a sale.
How to claim
You can contact the insurer (Bajaj Allianz General Insurance) to claim the benefits of the Small Gadgets Insurance plan by email or phone:
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Insurer’s email address
Share your policy document and medical reports at bagichelp@bajajallianz.co.in.
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Insurer’s toll-free number
You can also call on the toll-free helpline number 1800-209-5858 and claim the benefits.
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Documents required to claim
To claim the benefits of the Small Gadgets Insurance cover, you need to present the following documents:
1. Invoice or bill copy
2. Duly filed claim form
3. FIR copy- in case of burglary or theft -
Contact Bajaj Finance Ltd.
In case you have any queries related to coverage, exclusions, or product policy, please write to us at wecare@bajajfinserv.in.
Frequently asked questions
Small gadget insurance is a type of policy that provides coverage for your small electronic devices such as smartphones, tablets, cameras, and other similar gadgets.
The Small Gadget Insurance plan covers accidental damage, loss, and theft of your small gadgets. This means that if your device gets damaged or lost due to an accident or gets stolen, your policy will cover the repair or replacement costs.
Yes. As with every insurance policy, small gadget insurance may contain specific limitations, exclusions, and deductibles. For example, pre-existing damages, manufacturer defects, or damages due to general wear and tear may not be covered. It is crucial that you carefully read the policy agreement to ensure that you fully understand the inclusions and exclusions.
Gadget insurance covers small electronic devices such as smartphones, tablets, laptops, smartwatches, cameras, and more. It provides coverage against accidental damage, theft, and loss of your gadgets, offering peace of mind to the policyholder.
It is not a legal requirement to have Gadget Insurance, but it is essential if you want to safeguard your electronic gadgets from unexpected damages or losses. Small gadget insurance is a cost-effective option for anyone who wants to ensure the longevity of their expensive electronic gadgets and protect them against any unforeseen losses.
You can contact the insurer (Bajaj Allianz General Insurance) to claim the benefits of the Small Gadgets Insurance plan by email or phone Your insurance provider will require you to provide the necessary documentation, including original purchase receipts, proof of ownership, police reports (in case of theft), and other relevant documentation to process your claim.
No, Small Gadget Insurance typically does not cover larger devices such as televisions. Small Gadget Insurance generally covers smaller electronic devices such as smartphones, tablets, laptops, cameras, and smartwatches, among others.
