It is difficult to imagine life in India's blistering summers without air-conditioners (AC). Excessive summer heat can cause a variety of health problems such as heat strokes and dehydration. Research into the dynamics of human sleep is also increasingly pointing to the conclusion that lower room temperatures lead to better quality sleep which in turn is essential for a healthy, productive life. This is why you should never compromise with the cooling solutions you install in your home or workplace. Since ACs are expensive machines, one can run-up substantial costs in their repair in case they were to get damaged. This is why Bajaj Markets brings you the AC Insurance policy that takes care of the financial losses involved during these damages.

Features & Benefits

High Coverage Amount Relative to a Nominal Premium

The AC Insurance cover provides coverage of up to ₹50,000 for a premium of only ₹399 per annum.

Wide Range of Risks Covered

The AC Insurance covers a wide range of issues ranging from repairs to cases of a total loss to your AC, subject to the maximum sum insured under the policy.

Factors to Consider In Premium Amount of AC Insurance

Here are a few factors which influence the premium amount an AC insurance policy:


  1. Model of the air conditioner

  2. Sum insured can’t be opted for depending on the price of the AC

  3. Duration of the AC insurance plan

  4. Insurance company’s terms and conditions

What’s Covered?

  • Incidents of Theft/Burglary

    In case your AC gets stolen the AC insurance plan covers your financial loss up to the maximum sum assured under the plan.

  • Accidental Damage

    Repair or replacement on account of accidental damage to your AC is covered under the AC Insurance plan.

  • Standard Fire Cover

    In the unfortunate event of your AC getting damaged on account of a fire, the cost of repair and replacement will be covered by the AC Insurance plan subject to the maximum sum assured under the policy.

What’s Not Covered?

Here’s what’s not covered under this insurance plan:

1. ACs Older Than 1 Year

ACs older than 1 year as counted from the invoice/bill date are not covered under this policy.

2. Pre-existing Conditions

Any loss or damage to your AC on account of pre-existing conditions will not be covered by this policy.

How to Apply for Air Conditioner Machine Insurance?

Applying for Air Conditioner Insurance is fairly simple. You could avail the insurance instantly over a few clicks by following the below mentioned steps:

  • Visit Bajaj Markets

    Visit our website and go to the Pocket Insurance and VAS products page

  • Select Product

    Select Air Conditioner Insurance and click on Buy Now

  • Fill Details

    Fill out the full details required in the online application form

  • Make your payment

    Once the application is complete, make the premium payment and you’re good to go now

Claim Process of AC Insurance

Claims related to the AC insurance plan can be made through any of the following 3 modes:


  • Call on the 24-hour toll-free helpline 1800-266-7780 or 1800-22-9966 (senior citizens only)

  • Send an email to

  • Send an SMS with a text message ‘CLAIMS’ to 5616181

In each case kindly provide the relevant documents including your policy number.

FAQs on Air Conditioner Insurance

Which documents are required for making a claim?

Duly signed claim form, an incident report by the customer, a copy of FIR in case of theft or copy of the report from fire brigade in case of fire, original bill/invoice, repair bills (in case of partial damage). Certain other documents may also be required in special cases.

What is the amount of cover provided under the plan?

The AC Insurance plan provides a cover of up to ₹50,000.

How much premium do I have to pay?

You have to pay a premium of ₹399 per annum for the AC Insurance plan.

Is there any Policy Excess on the claim amount?

Yes, in case you make a claim, you will be charged 10% of the claim amount as policy excess.

Are there any other exclusions not covered under the policy?

Yes, there are certain exclusions under the AC insurance plan. Damage due to deliberate misuse, electrical or mechanical failure not arising out of an accident, or gradual wear and tear are not covered unless specified. For a complete list of exclusions please read the policy document.

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