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.
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.
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.
In case your refrigerator gets stolen the Refrigerator Insurance plan covers your financial loss up to the maximum sum assured under the plan.
Repair or replacement on account of accidental damage to your refrigerator is covered under the Refrigerator Insurance plan.
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.
Refrigerators older than 1 year as counted from the invoice/bill date are not covered under this policy.
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.
Applying for a Refrigerator Insurance is fairly simple. You could avail the insurance instantly over a few clicks by following the below mentioned steps:
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.
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.
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.
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.
Yes, in case you make a claim, you will be charged 10% of the claim amount as policy excess.
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.