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.
The application process is simple and hassle-free. All you have to do is follow a few simple steps to get covered:
Tap on ‘Buy Now’ on the product page
Enter the required details in the online application form
Fill out the full details required in the online application form
Complete the quick online payment
Before availing, you need to be well-versed with the following inclusions in CPP Handbag Assure Plan.
You will receive an extensive financial backup against damage incurred on your handbag due to theft, losses, accidental damage or burglary
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.
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.
Besides knowing about the inclusions, it is imperative that you also know about the mentioned luxury bag insurance plan details and specifications.
You will get coverage of up to Rs. 40,000 along with getting a complimentary cover of up to Rs. 15,000.
You can conveniently use credit cards, debit cards, UPI etc., to pay for the membership charge of the Handbag Assure Plan.
Here are the exclusions in Handbag Assure Plan or designer bag insurance that will help you make an informed decision while availing it.
You will not receive any financial compensation if your bag is damaged due to regular wear and tear.
The plan does not compensate for handbags used for more than one year from the invoice date.
You will not receive coverage if you are responsible for the damage caused to the bag.
There are two ways by which you can contact your insurer to file a claim:
You can conveniently call 1800 266 7780. However, senior citizens must call on 1800 22 9966.
You can also type ‘Claims’ and send it to 4616181
To receive instant travel assistance, you can opt for any of the two ways mentioned below:
You can call on 1800 419 4000 to lodge a claim.
As per your convenience, you can also frame an email and send it to email@example.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:
Travel safe membership letter
Bill of the article or copy of the invoice
Duly filled claim form
FIR (in case of theft or burglary)
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 firstname.lastname@example.org.
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.
No, you will receive protection that has been used for 3 years. Handbag Assure plan provides compensation for handbags used only for 1 year.
You have to pay a nominal membership fee of Rs. 199 for a coverage amount of Rs. 40,000.
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.
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.