Key Insurance

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.

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.

1. Replacement

If your key, keysets, lock or lock sets are lost or damaged, this policy will cover the replacement costs.

2. Theft Protection

In case of theft or burglary, you keys and/or lockset can be replaced through the Key Insurance services

3. Online Ease

You can purchase this policy and all the key insurance services online in three easy steps on Bajaj Markets!

1. Coverage on Key Replacement

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.

2. Break-in Coverage

If your home or personal vehicle are broken into, you can claim this policy to cover key replacement and lock changing charges.

3. Reimbursements on Lockout

You can get coverage on the locksmith charges under this policy if you get locked out of your home or car.

4. Reimbursements on Rental Charges

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:

• Commercial Vehicle Key Loss

You cannot claim this policy in case you lose the keys of a commercial vehicle and are looking to replace the same. 

• Intentional Damage

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:

For key replacement claims:

• You can call 18002667780 or 1800-22-9966.

• You can send an SMS to 5616181 writing 'CLAIMS.'

For emergency travel claims:

• You can write an email to feedback@cppindia.com stating your queries.

• You can place a call on the toll-free number 1800-419-4000.

The essential documents for raising a claim are as follows:

• KYC documents

• 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.