Price Protection Insurance- Pocket Insurance By Bajaj Markets

Overview

Shopping is a delightful experience on its own. However, we've all had the unfortunate experience of making a large purchase and then discovering the same product on sale a few days later for much less than we paid for it. What you may not realize is that in this case of buyer's remorse, there are insurance products that will often refund the difference. Want to make sure you don't overpay for anything you buy? With the Price Protection cover available on Bajaj Markets, you can protect yourself against financial loss in such a situation. The Price Protection insurance cover is perfect for when you want to shop because it has an easy online application and a simple claim process.

Features & Benefits

High Coverage

For only Rs. 399 per year, you can get coverage of up to Rs. 75,000.
Cover against Financial Losses

When the price on a printed advertisement for an item you bought is less than the price you paid, you'll be covered.
Reimbursements

Get the difference between the price you paid for an item with your debit/credit card or otherwise and a lower printed advertised price for the same item reimbursed.

What is Not Covered?

The following items are not covered:

Any item that cost less than Rs.2500 at the time of purchase.
The price protection policy excludes art, antiques, weapons, and collectibles.
Furs, jewelry, diamonds, precious stones, and gold-based or gold-containing articles are excluded
Food, drinks, tobacco, and fuel are all perishable items. Hence, these are excluded.
Pharmaceuticals and other medical products, as well as optical and medical devices, are all excluded.
Items that are customized/personalized, special, and one-of-a-kind. Any items obtained unlawfully are also subject to confiscation.

Cash or tickets

Cash, travelers' checks, transportation tickets, show tickets, securities and other negotiable instruments, bullion, stamps, lottery or event tickets, admission.

Refer to the product brochure for a complete list of exclusions.

Price Protection Cover Terms and Conditions

Printed at a lower cost

The lowest price must be advertised in print.

Advertisement on paper

Within 30 days of your purchase, the printed advertisement must be reprinted.

Contact us regarding your claim

You must contact us within 7 days of the advertisement being printed to file a claim.

Any claim will be paid

Merchant credit, discount and/or manufacturer rebates, as well as shipping and handling fees, will not be paid on any claim.

Make a payment claim

The amount of the claim payment will not exceed the amount charged for the item.

How to Apply for Price Protect Insurance?

Applying for a Price Protect Insurance is fairly simple. You could avail the insurance instantly over a few clicks by following the below mentioned steps:

Visit Bajaj Markets

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

Select Price Protect Insurance 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 can make a claim on your existing purchase protection insurance policy by contacting us through one of the methods listed below:

● Email on: general.claims@tata-aig.com

● Call on: 1800119966

Documents required at the time of claim

The following is a list of documents that may be required for claim processing -

● Claim Form that has been properly filled out and signed

● Police F.I.R. (In case of Burglary and theft)

● Purchase Invoice/Payment Receipt Original Purchase Invoice/Payment Receipt

● Expenses to be shown on the credit/bank account statement.

● Any other conditions specified by the claim examiner.

What is a Price Protection Plan, and how does it work?

Shopping is an important part of both travel and everyday life. When you travel, you want to buy souvenirs and other items that are specific to the location you are visiting. In some cases, you may also need to purchase a few daily essentials. However, as a traveler, you may discover that you paid more than you should have for a product simply because you were unaware of its true cost. Even if you are not traveling, you will need to shop for essentials and other items on a regular basis, and it is possible that you will pay more for an item than what is advertised.

When should I be buying a Price Protection policy?

To avoid financial losses while shopping, you should get the Price Protection cover as soon as possible. You should complete the online application form for a Price Protection policy, pay for it, and be done with it.

Why should I purchase Price Protection Insurance?

You should get a Price Protection plan because it removes the fear of being conned out of your money while shopping. This guarantees that you will not incur any financial losses and that you will be able to shop with confidence.

What is the procedure for price protection cover endorsement?

Endorsement entails making a change to your existing insurance policy. If there are any errors or mistakes in the document's information, or if there is a claim, the policy is endorsed. You should contact the insurer to begin an endorsement of your policy.

In comparison to other firms, what extra discounts am I eligible for?

We provide you with the best possible rates and don't hold anything back. Additional discounts are available based on a few questions that you can answer when purchasing insurance on our website.