Losing your home or vehicle key is a common situation that you can find yourself in often. Hence, for such an unforeseen situation, you must opt for a key insurance plan. This plan is available for as low as ₹749 per year. You can use this reimbursement money to cover the key replacement charges and fees of the locksmith as and when required.
Steps to apply for a key insurance plan are as follows:
Click on the 'Buy Now' on the page.
Fill in all the necessary information correctly.
Process the payment to complete your purchase.
In recent times, sophisticated lock technologies are preferred over conventional locking systems. They offer greater safety and can be easily customised according to an individual's needs. So, if this system gets damaged, you might have to pay an enormous amount to have it repaired. However, you can cover the entire cost of the lock replacement system as well as the locksmith charges by simply purchasing key insurance for just ₹749 per year.
Here are the major benefits of getting the Key Protection policy.
If your key, keysets, lock or lock sets are lost or damaged, this policy will cover the replacement costs.
In case of theft or burglary, you keys and/or lockset can be replaced through the Key Insurance services
You can purchase this policy and all the key insurance services online in three easy steps on Bajaj Markets!
You can make a claim of this pocket insurance if your car or home key is lost or stolen to have a new key made.
If your home or personal vehicle are broken into, you can claim this policy to cover key replacement and lock changing charges.
You can get coverage on the locksmith charges under this policy if you get locked out of your home or car.
You can claim a reimbursement if the replacement process of your vehicle’s lock exceeds 24 hours and you need to rent a car for your journey.
A few exclusions of this plan are as follows:
You cannot claim this policy in case you lose the keys of a commercial vehicle and are looking to replace the same.
You will not be eligible to make a claim if you intentionally lose or damage the keys due to ignorance.
For making a claim, you can opt for the following:
You can call 18002667780 or 1800-22-9966.
You can send an SMS to 5616181 writing 'CLAIMS.'
You can write an email to email@example.com stating your queries.
You can place a call on the toll-free number 1800-419-4000.
A membership letter from Travel safe
An original copy of the FIR confirming the theft
A copy of the invoice reflecting a new key purchase
The replacement of the keyless FOB/remote key is relatively more expensive than conventional key systems. FOB keys or remote keys generally operate on a computer-generated code. This code is unique for each vehicle. Hence, you need specialised tools if you are replacing this key system which requires excess time, cost, and labour. Due to this reason, you will need a lot of money to repair them.
With Bajaj Markets key insurance policy, you can claim up to ₹60,000 in a year.
Yes, the plan does cover the cost of the lock in case your car or house gets broken into.
You can pay through credit card, debit card, net banking or UPI.
Yes, you can easily extend your key insurance plan after one year.
You can claim your key replacement charges with your Bajaj Markets key insurance plan.
You can raise a claim on Bajaj Markets and get your lock replacement charge covered.