Overview

Ian Fleming, the creator of James Bond, once famously remarked that a gentleman’s choice of timepiece says as much about him as his Savile Row suit. It isn’t for nothing after all, that even in the age of the smartphone, wristwatches continue to be prized possessions adorning the wrists of their proud owners. Having said that, as an intricate, expensive device, a valuable wristwatch may be vulnerable to damage or theft. It is to remain protected against such eventualities that Finserv MARKETS brings to you, the Watch Secure wristwatch insurance plan by CPP. 

Features & Benefits

  • High Coverage Amount Relative to Premium

    The Watch Secure wristwatch insurance plan offers insurance coverage of up to Rs. 40,000 for a premium of just Rs. 449. This includes a complimentary watch protection coverage of up to Rs. 15,000.

  • Comprehensive Coverage

    Protect your wristwatch against a number of unforeseen circumstances such as loss, theft, accidental damage, natural calamity, etc.

  • Emergency Travel Assistance

    The Watch Secure plan covers more than just your wristwatch. Now travel without worries with the emergency travel assistance feature of Watch Secure that allows you to avail yourself an emergency travel assistance of up to Rs. 20,000 in India and Rs. 40,000 abroad in case you find yourself stranded.

What's Covered?

  • Accidental Damage

    Repair or replacement on account of accidental damage to your wristwatch is covered under the Watch Secure wristwatch insurance plan. Please note that you must be in possession of the watch at the time of the incident of damage for the insurance cover to be applicable.

  • Theft or Burglary

    The cost of replacement on account of theft is covered by the Watch Secure wristwatch insurance plan subject to the maximum sum assured under the plan.

  • Fire and Special Perils Cover

    The Watch Secure plan covers you in case of damage to your watch from fires, explosions, or natural or manmade disasters such as floods, earthquakes, riots, etc.

What is not covered?

  • Normal Wear or Tear

    Mechanical objects suffer a certain amount of natural wear and tear with use and time, and any damage/defects arising out of such wear and tear are not covered by the Watch Secure wristwatch insurance plan.

  • Mechanical or Electrical Failure

    Mechanical or Electrical failure not due to accidental damage is not covered under the Watch Secure plan.

  • Damage Due to Deliberate Misuse

    Damage to or loss of the wristwatch arising out of deliberate misuse, reckless or unintended use, or mishandling of the wristwatch is not covered under the Watch Secure wristwatch insurance plan.

How to Apply for the Watch Secure Plan?

Purchasing the Watch Secure plan is a simple process.

  • Visit Finserv MARKETS

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

  • Select Product

    Select Watch Secure 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

 

To avail the claim benefits:

  • Call on 1800-419-4000 within 24 hours.
  • Drop an email at feedback@cppindia.com.

Policy number and other details need to be mentioned in the email

Manage your queries related to Watch Secure here

  • ✔️Who is the insurance provider?

    CPP is the insurance provider.

     

     

     

     

  • ✔️What documents are required for filing a claim?

    You will need to provide the duly filled and signed claim form, invoice/bills of the watch, copy of FIR in case of theft, or copy of fire brigade report in case of damage due to fire. Other documents may be required on a case-to-case basis.

  • ✔️My watch was inside my car when it got stolen? Can I file a claim under Watch Secure?

    No, unless your car was securely locked with all doors and windows closed, theft from inside a car is not covered.

  • ✔️Do I get any additional benefits when I purchase Watch Secure?

    Yes, once you purchase Watch Secure, you become entitled to 1-call card block feature and emergency travel assistance plans. Please read the policy brochure to know more about the additional benefits.