Overview

It's aggravating to misplace your house or car keys. New laser-cut keys are steadily replacing older cut keys, which can be expensive to repair. The cost of getting replacement keys, particularly if you lose your car key, can be substantial. If you lose your car or house keys, the Key Safeguard plan will support you in a variety of ways. The plan includes a variety of other incentives, such as emergency roadside assistance, in addition to key replacement and locksmith costs.

Features & Benefits

  • Emergency Travel Assistance

    You could be eligible for emergency financial aid for travel and hotel booking if you become stranded in the middle of your journey. The sum of the advance will range between Rs. 20,000 and Rs. 40,000.

  • 24/7 Instant Card Blocking

    In the event that you misplace your wallet containing your debit and credit cards, the Key Safeguard plan allows you to block all of your cards with a single phone call.

  • Key Replacement Coverage

    If your home or keys are lost or stolen, the Key Safeguard package will compensate you for the cost of replacing them. However, the coverage is limited to the costs of having a new set of keys made by a locksmith.

What's Covered?

  • Security against break-ins

    The Key Safeguard plan covers the cost of changing the locks and keys if your car or home is broken into. However, the plan would not cover the cost of a new lock.

  • Reimbursement in the event of a lockout

    If you are locked out of your home or vehicle, the plan will reimburse you for the cost of hiring a locksmith.

  • Reimbursement for a Rental Car

    If the key replacement procedure (for the vehicle) takes longer than 24 hours, the cost of renting a car is covered by the plan's terms

What is not covered?

  • Damages Caused Deliberately

    The plan would not compensate for any key-related harm that has been caused intentionally.

  • Keys Replacement for Non-Personal Vehicles

    The Key Safeguard Plan would not cover the expense of key replacement for vehicles that you do not own or that are not for personal use.

How to Apply for the Key Safeguard Plan?

The Key Safeguard Plan is available for purchase online. All you have to do is complete the online application form and pay the membership fees using your chosen payment method. The following is a step-by-step guide to completing the purchase:

  • Visit Finserv MARKETS

    Visit our website and go to the Pocket Insurance and VAS products page

  • Select Product

    Select Key Safeguard Plan and click on Buy Now

  • Fill Details

    Fill out the full details required in the online application form

  • Make your payment

    Once the application is complete, make the premium payment and you’re good to go now

Claim Process

 

You may file a claim in the event of a key loss by contacting the issuer in one of the following ways:

 

●        To get help with travel emergencies

  1. Call 1800-419-4000 for more information (toll-free number)
  2. Send feedback to feedback@cppindia.com.

 

●        For Key Related Claims

  1. Call 18002667780 or 1800-22-9966 for more detail. (Only for senior citizens who have a senior citizen plan)
  2. Send the word 'Claims' to the number 5616181.

 

Documents Required to Register Claims 

 

The following is a list of documents that must be submitted when filing a claim:

●        Documents proving your identity

●        Membership letter from Travel Safe

●        Copy of the invoice or bill for the article

●        Completed Claim Form

●        Within 24 hours, file a claim.

●        If there is a break-in or theft, a police report is needed.

 

Manage your queries related to Key Safeguard here

  • ✔️What do I do if my car keys are lost?

    You must file a FIR with the police if you are the victim of a robbery or theft, or if you have misplaced your key. You can get the key and locks replaced after filing the FIR, and then file a claim for reimbursement of the expenses by submitting relevant documents.

     

     

  • ✔️What do I do if the locking mechanism in my car is broken?

    Replace or fix the lockset, and file a compensation claim by sending the invoice or bill for the insured vehicle's key replacement.

     

  • ✔️Is it possible to use duplicate keys?

    A local locksmith can duplicate a car key. However, since the electronic code is identified by the local locksmith, these keys are not safe. While having a duplicate key from a local locksmith could be less costly, the risks are too great. As a consequence, get your car key replaced by a reputable store.

  • ✔️What is the significance of car key insurance?

    High-end or luxury cars are costly, and even the car key has become technologically advanced to ensure the car's safety. As a consequence, replacing or even fixing them is costly and necessitates the services of a specialized mechanic. Car key insurance is useful for avoiding financial risks resulting from the loss or harm of these types of keys. It assists you in replacing or fixing them.

  • ✔️What happens if the car lock is broken but the key is unbroken?

    Based on the terms and conditions of the contract, the insurance provider would reimburse the cost of the lock repair. The key can only be replaced if it is lost.