Coverage of up to Rs. 40,000 | Buy Handbag Insurance Plan at just Rs. 199

What is a Handbag Assure Plan?

Nowadays, a handbag is an essential accessory that compliments your look and creates space for all your valuable possessions, including credit cards, debit cards, PAN cards, etc. However, a handbag, especially a designer or luxury one, is more likely to be stolen or exposed to unforeseen incidents, leaving you financially vulnerable and robbing you of your essential cards and other valuable items.

 

Hence, if you are into luxury or designer bags, then availing of an insurance cover for it will prove beneficial owing to its high cost. With Handbag Assure Plan, you can protect your handbag and valuable possessions inside it from unanticipated incidents like loss, theft etc. You can easily buy the plan just at Rs.199, through Bajaj MARKETS under pocket insurance.

Features and Benefits of a Handbag Insurance Plan

The Handbag Assure Plan will provide you with the following benefits:

High coverage amount

Besides availing a sum assured of Rs. 40,000, you will also receive a complimentary coverage amount of Rs. 15,000 under designer handbag insurance, to help you receive financial aid for losing your expensive handbag.

Urgent travel expenses

You will receive emergency financial backup for travelling and booking a hotel if your handbag is stolen and you don’t have access to your cards or cash.

Instant disabling of payment cards

The plan allows you to block your card within seconds. You just have to make a call to the customer care team. Moreover, you will get to avail of this service 24X7.

Hassle-free purchase

You can conveniently apply for insurance for luxury bags online from the solace of your home and pay for it using any preferred online payment mode.

How to Apply For Handbag Assure Plan

The application process is simple and hassle-free. All you have to do is follow a few simple steps to get covered:

  • Click on Buy Now

    Tap on ‘Buy Now’ on the product page

  • Fill in the Details

    Enter the required details in the online application form

  • Fill Details

    Fill out the full details required in the online application form

  • Make the payment

    Complete the quick online payment

What’s Covered

Before availing, you need to be well-versed with the following inclusions in CPP Handbag Assure Plan.

  • Covers for loss or damage of the handbag

You will receive an extensive financial backup against damage incurred on your handbag due to theft, losses, accidental damage or burglary

  • PAN card replacement

Under the plan, you can apply for a PAN card for free if your PAN card has been misplaced after the handbag is stolen or is damaged.

  • Compensates for fires and other severe risks

The Handbag Assure Plan protects you from financial loss in case your bag is damaged due to a strike, fire, riots and other unforeseen incidents.

Policy Plan Details and Specifications of Handbag Assure Plan

Besides knowing about the inclusions, it is imperative that you also know about the mentioned luxury bag insurance plan details and specifications.

  • Coverage limit

You will get coverage of up to Rs. 40,000 along with getting a complimentary cover of up to Rs. 15,000.

  • Payment method

You can conveniently use credit cards, debit cards, UPI etc., to pay for the membership charge of the Handbag Assure Plan.

What’s not Covered

Here are the exclusions in Handbag Assure Plan or designer bag insurance that will help you make an informed decision while availing it.

  • Regular wear and tear

You will not receive any financial compensation if your bag is damaged due to regular wear and tear.

  • Handbags used for more than 1 year

The plan does not compensate for handbags used for more than one year from the invoice date.

  • Negligence in handling the bag

You will not receive coverage if you are responsible for the damage caused to the bag.

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

There are two ways by which you can contact your insurer to file a claim:

For Handbag-related Claim

  • By calling the toll-free number:

You can conveniently call 1800 266 7780. However, senior citizens must call on 1800 22 9966.

  • Via SMS:

You can also type ‘Claims’ and send it to 4616181

To Get Emergency Travel Support

To receive instant travel assistance, you can opt for any of the two ways mentioned below:

 

  • Dial toll-free number:

You can call on 1800 419 4000 to lodge a claim.

  • Send an email:

As per your convenience, you can also frame an email and send it to feedback@cppindia.com.

Besides knowing the ways to lodge a claim, you should have an idea about the following documents that you need to submit to continue with the claim process of the Handbag Assure Plan:

 

  • KYC papers

  • Travel safe membership letter

  • Bill of the article or copy of the invoice

  • Duly filled claim form

  • FIR (in case of theft or burglary)

Handbag Assure Plan Customer Care Details

To resolve any queries or grievances related to the Handbag Assure Plan's coverage, exclusion, inclusions or claims, you can conveniently state your concern and send it to insuranceconnect@bajajfinservmarkets.in.

Frequently Asked Questions about Handbag Assure Plan

  • ✔️Can I renew the Handbag Assure Plan?

    No, you cannot renew your Handbag Insurance Plan if you want to continue reaping the benefits of the plan. In this regard, you have to repurchase the plan after the expiry date.

  • ✔️Will I get coverage for my handbag that I have used for 3 years?

    No, you will receive protection that has been used for 3 years. Handbag Assure plan provides compensation for handbags used only for 1 year.

  • ✔️How much membership fee will be charged under the Handbag Assure plan?

    You have to pay a nominal membership fee of Rs. 199 for a coverage amount of Rs. 40,000.

  • ✔️Can I make the membership fee payment through a mobile wallet?

    Yes, you can easily initiate the membership fee payment through your mobile wallet. In addition to this, you can opt for other online payment modes like credit cards, debit cards, UPI etc.

  • ✔️What is ‘Intrinsic Value’ in handbag insurance?

    Intrinsic value is the handbag's net worth that results after subtracting the depreciation value of the bag. Regular wear and tear of the bag lead to the depreciation value.