Refrigerators are a necessity of modern living. Not only are they a life-saver in the scorching Indian summers, but we also rely on them to store food for days even in the winters. To imagine living even a few days without a refrigerator is difficult. Unfortunately, like all machines, refrigerators are susceptible to breakdown or getting damaged. It is important that you cover yourself from the financial burden that is likely to accrue in getting a damaged refrigerator repaired. This is why Finserv MARKETS brings to you, the Refrigerator Insurance plan.

Features & Benefits

  • Choose from either of two great value-for-money plans

    Get coverage of up to Rs. 50,000 for just Rs. 399 per annum if you own a low to mid-range refrigerator. or Coverage of Rs. 1,00,000 for just Rs. 799 per annum if you own a high-end refrigerator.

  • Comprehensive Coverage

    The Refrigerator Insurance covers a wide range of issues ranging from repairs to cases of a total loss to your Refrigerator, subject to the maximum sum insured under the policy.

What is Covered?

  • Incidents of Theft/Burglary

    In case your refrigerator gets stolen the Refrigerator Insurance plan covers your financial loss up to the maximum sum assured under the plan.

  • Accidental Damage

    Repair or replacement on account of accidental damage to your refrigerator is covered under the Refrigerator Insurance plan.

  • Standard Fire Cover

    In the unfortunate event of your refrigerator getting damaged on account of a fire, the cost of repair and replacement will be covered by the Refrigerator Insurance plan subject to the maximum sum assured under the plan.

What is Not Covered?

  • Refrigerators Older Than 1 Year

    Refrigerators older than 1 year as counted from the invoice/bill date are not covered under this policy.

  • Loss or Damage Due to Normal Wear and Tear

    Like all machines and appliances, refrigerators too suffer a certain degree of wear and tear due to daily use which is normal. Any loss or damage on account of such normal wear and tear will not be covered by the Refrigerator Insurance plan.

How to Apply for Refrigerator Insurance ?

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

  • Visit Finserv MARKETS

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

  • Select Product

    Select Refrigerator 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


Claims related to the Refrigerator insurance plan can be made through any of the following modes:

●        Call on the 24-hour toll-free helpline 1800-266-7780 or 1800-22-9966 (senior citizens only)

●        SMS ‘CLAIMS’ to 5616181

In each case kindly provide the relevant documents including your policy number.

Manage your queries related to Refrigerator Insurance here

  • ✔️What documents are required for making a claim?

    Duly signed claim form, an incident report by the customer, a copy of FIR in case of theft or copy of the report from fire brigade in case of fire, original bill/invoice, repair bills (in case of partial damage). Certain other documents may also be required in special cases.

  • ✔️What is the amount of cover provided under the plan?

    The Refrigerator Insurance plan provides a cover of up to Rs. 50,000 or Rs. 1,00,000 depending on the make of your refrigerator and the plan selected.

  • ✔️How much premium do I have to pay?

    Depending on the plan you have selected, you have to pay a premium of either Rs. 399 per annum for low to mid-range refrigerators and Rs. 799 for high-end refrigerators.

  • ✔️Is there any Policy Excess on the claim amount?

    Yes, in case you make a claim, you will be charged 10% of the claim amount as policy excess.

  • ✔️Are there any other exclusions not covered under the policy?

    Yes. Damage due to deliberate misuse, electrical or mechanical failure not arising out of an accident, or gradual wear and tear are not covered unless specified. For a complete list of exclusions please read the policy document.