Cover of up to ₹40,000 | Complimentary coverage up to ₹15,000 | Buy Eyewear Assure cover at just ₹799

What is an Eyewear Assure Cover?

Eyewear is an essential accessory for some. However, it has now become more of a style statement rather than just a necessity. There’s a surge in sales of glasses due to the increased use of laptops for online classes and work from home, leading to significant demand for anti-glare filters and blue-lens spectacles.

 

Since the cost of these exclusive eyewear runs in thousands, eyewear insurance is a must! This way, you can be sure that you are financially secure in case of theft, loss, or damage to expensive eyewear. So, Bajaj MARKETS brings you an Eyewear Assure plan at just Rs. 799. Now you can buy your favorite glasses without worrying about how expensive they are.

Key Features of Eyewear Assure Cover

With the availability of Eyewear Assure cover, individuals can get their expensive glasses repaired or replaced conveniently. Here are some of the features of this plan:

Maximum Cover at Minimal Cost

The Eyewear Assure cover comes with a fee of just Rs. 799/annum and offers a coverage of up to Rs. 40,000.

Uncomplicated claim process

You can claim your benefits in a simple and hassle-free process. by simply dropping an email or making a call to the team.

Repair or replacement, you’re covered

In addition, this plan provides a complimentary cover of up to Rs. 15,000 for any repair or replacement of your spectacles.

Card blocking facility

Single-call assistance for card blocking facility

How to Buy Eyewear Assure Insurance?

The application process for spectacle insurance is hassle-free and straightforward. You can apply for the plan by following the steps mentioned below:

  • Tap on Buy Now

    Click on the ‘Buy Now’ button on the product page.

  • Fill out the Details

    Fill out the necessary details required in the online application form.

  • Make Your Payment

    Once the application process is complete, you can pay the fee with your preferred payment mode.

 

After this, you will receive your membership details and your policy on your registered email id.

What's Covered under Eyewear Assure?

Now that you have your eyewear including your sunglasses covered by the insurance policy, here are some of the specifications under this plan:

  • Accidental Loss or Damage

    Get maximum financial coverage for your spectacles in case of accidental damage.

  • Coverage Against Fire, Riot, and Strike

    This plan covers your spectacles up to the maximum sum assured value against any losses due to strikes, riots, fires, etc. In addition, the concerned insurer will compensate for the exact cost of replacement or repair of your damaged spectacles.

  • Coverage For Burglary or Theft

    This insurance plan covers your eyewear up to the maximum sum assured value from the financial losses due to theft, robbery, or burglary.

Eyewear or Spectacle Insurance - Additional Coverage & Depreciation

Here are the additional benefits offered under this plan:

  • Card blocking

    This insurance plan allows the policyholder to block all debit/credit cards by making a single call to the insurer.

  • Travel Assistance

    If you are stranded during your journey, you can avail of financial help of up to Rs. 20,000 in India and up to Rs. 40,000 abroad.

  • Roadside Assistance

    You can avail of urgent roadside assistance in case of vehicle breakdown, car battery failure, flat tyre, etc. You can enjoy this facility across 400 locations pan India.

Moreover, here is the chart of depreciation for your reference:

Spectacle’s Age

Depreciation Percentage

0-3 months

10%

3-6 months

20%

6-9 months

30%

9-12 months

40%

12-18 months

50%

More than 18 months

65%

Policy Plan Details & Specifications

Knowing about the Eyewear Assure cover will assist you in making an informed decision while purchasing it. Let’s take a look at the details of the plan:

  • Coverage limit:

    Coverage of up to Rs. 40,000 and additional coverage of up to Rs. 15,000.

  • Validity:

    This plan comes with a validity of 1 year

  • Payment methods:

    You can make the payment via UPI, net banking, credit/debit card mobile wallet, and other available online payment modes.

Deductibles & Exclusions

Sunglass insurance policyholders can avail of a deductible amount of Rs.500 to up to Rs.15,000. Besides, here are some of the exclusions under this comprehensive insurance policy:

  • Spectacles older than a year

    Eyewears that are a year older in line with the invoice date are not covered under this plan.

  • Damage due to mishandling

    Damage or loss of spectacles due to carelessness or mishandling is not covered under this plan.

  • Wear and tear

    There’s no coverage for damages from normal wear or tear.

How to Make a Claim & Documents Required to Process the Claim

To raise the claim, you can inform you're concerned insurer within 24 hours of the incident of damage. You can follow any of the methods:

For emergency travel assistance

For eyewear associated claims

  • Call on 1800-266-7780 or 1800-22-9966 (for senior citizen policyholders)

  • You can SMS ‘CLAIMS’ to 5616181

Documents Required to Process the Claim

Here is the list of documents required to make a claim:

  • An incident report by the insured

  • FIR copy, in case of burglary or theft

  • Original invoice or bills of the spectacles

  • Duly signed and filled claim form

  • Copy of report from the fire brigade, in case of loss or fire

Besides, there are other documents required during the time of claim settlement. Upon submission of all the required documents, the concerned department will settle the claim within the specified time frame.

Customer Care Details

You can connect with us at Bajaj MARKETS for this plan or any other pocket insurance queries. Just write to us at: insuranceconnect@bajajfinservmarkets.in

Manage your queries related to Eyewear Assure here

  • ✔️Is the lens of the glasses covered by this insurance policy?

    The Eyewear Assure policy covers significant damage or loss of your glasses. However, damages due to tear or wear due to mishandling or carelessness on the customer’s end are not covered.

  • ✔️Does this plan cover damage during cleaning or repairing of the glasses?

    No, any damage that occurred while repairing or cleaning will not be covered under this plan. Moreover, there isn’t any coverage for pre-existing damage.

  • ✔️How will the insurer settle the claim under this plan?

    The insurer will settle the claim either through NEFT or cheque payment.

  • ✔️What are the additional benefits I get from the Eyewear Assure Plan?

    Individuals can avail emergency travel assistance and instant card blocking feature that allows individuals to block their payment cards with a single call.

  • ✔️How often can individuals avail new glasses with insurance?

    Although the insurance plans vary based on the insurance provider, one must check their plan and learn about the specifications. Most insurance policies cover a certain portion or the entire cost of new lenses for glasses or contacts every 12 months. However, it depends on the policy terms and conditions and the insurer.