Collecting pens is one of the most common habits of passionate writers. Pen enthusiasts also love collecting exclusive pens that are unique and rare to find. To keep your exclusive pen collection safe and protected, you can opt for a pen insurance policy available on Bajaj Markets website. Get comprehensive coverage against damage, loss or theft of your premium collection of pens against a nominal fee of Rs. 399/year. 

Key Features of Pen Insurance

This pen insurance policy plan comes with these following key features:

Protection Against Mechanical Breakdown

Any mechanical breakdown of your expensive pen is covered under pen insurance policy.

Extensive Coverage of Rs. 10,000

To avail the benefits offered under this insurance policy, you only have to pay a minimal fee of Rs. 399 a month to get coverage of up to Rs. 10,000. 

How to Apply for Pen Insurance?

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

1. Click on Buy Now 

Tap on ‘Buy Now’ on the product page 

2. Fill in the Details

Enter the required details in the online application form

3. Make the Payment 

Complete the quick online payment

What’s Covered

Policyholders will get coverage for these following losses and damages:

  • Accidental Damage or Loss

Accidental loss or damage to your pen or expenses incurred for replacement and repairs are taken care of under this pen insurance coverage.

  • Theft, Robbery, and Burglary

In case of any loss or damage to the pen due to theft, burglary, or robbery at the insured person’s premise, this plan will cover the expenses.

  • Loss or damage due to Fire or Other Perils

Pen insurance policies offer coverage against damages or losses incurred due to natural calamities, explosions or implosions, strikes, riots, etc.

Policy Plan Details & Specifications

The table below represents all details and specifications of this pen insurance policy:

Membership Fees

Coverage Limit

Payment Modes

Rs. 399

Rs. 10,000

Net Banking, Credit or Debit Cards, or via any UPI


Note: Policyholders have to renew this insurance policy after the completion of 1 year to continue enjoying its benefits.

Deductibles & Exclusions

Here are some of the necessary exclusions that you need to know before purchasing the pen insurance coverage:

  • Delayed Application

In case you make an insurance application after 30 days from the invoice date, the insurance company is not liable to compensate for the damage.

  • Pollution-induced Damage

Any kind of pollution-induced damage does not fall under the coverage of this pen insurance policy.

  • Loss or damage due to Terrorism

Any loss or damage due to a direct or indirect act of terrorism will not be covered under this plan.

  • Applied Deductibles

5% is the deductible amount for every claim unless it is revised by the insurer and mentioned in the Insurance Certificate. Therefore, if the sum insured is up to Rs. 10,000, the deductible amount will be a minimum of Rs. 500

How to Make a Claim and Documents Required for Processing the Claim?

Policyholders can raise a claim by following any of these two ways:


Note: You should inform your insurer within 24 hours of loss or damage.

Here are the documents required to raise a claim:

  • A completed and signed claim form

  • One copy of the incident report

  • In case of loss due to fire, one copy of the fire brigade report

  • Original and one copy of the invoice of the pen

  • FIR copy

Pen Insurance Customer Care Details

Policyholders can directly share their grievances with the customer care representatives through the official website of the insurance provider. If you have any queries related to the policy, feel free to write at

Manage your queries related to Pen Insurance here

How much is the maximum sum insured coverage for this insurance policy?

Customers can avail maximum sum insured coverage of up to Rs. 10, 000 under this insurance plan. 

How much premium does the policyholder need to pay?

This insurance policy is available at a minimum membership fee of Rs. 399.

Does the coverage include damage or loss due to flood?

Yes, this insurance plan does include coverage for damage or loss due to a flood.

What documents are needed while making a claim?

An invoice copy of the pen is a must. An FIR copy in case of theft or burglary and fire brigade report for loss due to fire. 

Who is the provider of this insurance plan?

This unique insurance plan is extended by Bajaj Allianz General Insurance.

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