Eyewear is an essential accessory for most individuals. However, it has now become more of a style statement rather than just a necessity. The sale of eyewear accessories has been rising due to the increased usage of digital devices for online classes and work from home. This has resulted in a 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 ₹799. Now you can buy your favourite glasses without worrying about how expensive they are.
If you wish to buy the Eyewear Assure Insurance Cover, you must fulfil the following criteria:
You must be a Resident of India
You must be more than 18 years of age
Besides, no documents are required to be submitted. However, you must provide the below-mentioned details while purchasing the cover:
Your email ID
Your mobile phone number
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 of up to ₹40,000 and additional coverage of up to ₹15,000.
This plan comes with a validity of 1 year
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.
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.
The application process for spectacle insurance is hassle-free and straightforward. You can apply for the plan by following the steps mentioned below:
Click on the ‘Buy Now’ button on the product page.
Fill out the necessary details required in the online application form.
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.
Here are the additional benefits offered under this plan:
This insurance plan allows the policyholder to block all debit/credit cards by making a single call to the insurer.
If you are stranded during your journey, you can avail of financial help of up to ₹20,000 in India and up to ₹40,000 abroad.
Moreover, here is the chart of depreciation for your reference:
More than 18 months
To raise the claim, you can inform your concerned insurer within 24 hours of the incident of damage. You can follow any of the methods:
Call on toll -free number 1800-419-4000
Call on 1800-266-7780 or 1800-22-9966 (for senior citizen policyholders)
You can SMS ‘CLAIMS’ to 5616181
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.
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.
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.
The insurer will settle the claim either through NEFT or cheque payment.
Individuals can avail emergency travel assistance and instant card blocking feature that allows individuals to block their payment cards with a single call.
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.