Coverage up to Rs. 40,000 | Buy Watch Insurance at Rs. 449/-

What is Watch Secure Insurance?

Watches are expensive accessories and priced collectibles for many people. Many of the watches are antique or passed down as family heirlooms. Such high-end watches can be costly to repair or replace if damaged, lost, or theft.

 

Thus, to safeguard your finances against accidents, burglary, or unforeseen events, buy a Watch Secure Insurance policy by CPP on Bajaj MARKETS at a minimal fee of Rs.499 for a year. Scroll down to learn more about the crucial aspect of watch insurance cover.

 Key Features of Watch Secure Insurance Cover

Here is why having a Watch Secure Insurance is essential:

Comprehensive Coverage At A Low Fee

Watch Secure Insurance provides coverage of up to Rs. 40,000 for a fee of just Rs. 449/year.

Accidental Coverage

Get coverage of up to Rs. 15,000 against accidental damage/theft, within 7 days of your membership beginning.

Travel Assistance in Emergencies

Get emergency advance during travel of up to Rs. 20,000 in India and up to Rs. 40,000 abroad.

How to Apply for Watch Secure Insurance Plan?

Apply for Watch Secure Insurance seamlessly. Just follow the below steps:

  • Click on Buy Now

    Tap on the ‘Buy Now’ button on the product page.

  • Fill in the Details

    Submit essential details in the online application form.

  • Make Your Payment

    Complete the payment in your preferred online mode.

 

And it’s done! Your watch is now covered. You will receive all your membership details on the registered email/WhatsApp.

What's Covered under Watch Secure?

The Watch Secure Insurance plan includes: 

  • Burglary Coverage

    Get financial coverage if you lose your wristwatch due to theft or burglary.

  • Coverage Against Fire and Calamities

    This plan covers loss or damage to your wristwatch due to fire, lightning, or explosion. It also covers damages due to man-made or natural disasters such as riots, cyclones, strikes, and more.

  • Damage Cover

    Get coverage of replacement or repair expenses up to the maximum sum assured value if your watch is damaged accidentally in your possession.

Watch Insurance - Policy Details & Specifications

Here are some of the essential details of the watch insurance:

  • Coverage Limit:

    Insurance coverage of up to Rs. 40,000 at a premium of Rs. 449 and complimentary accidental coverage of up to Rs. 15,000.

  • Validity:

    One year

What’s Not Covered?

Following are the exclusion of the Watch Secure plan:

  • Damage due to Wear & Tear

    The plan does not provide any benefits if the damage happens due to wear and tear or maintenance.

  • Damage due to Electrical or Mechanical Failure

    If the damage takes place due to mechanical or electrical failure the expense will not be covered under the plan.

  • Damage due to Personal Intentions

    Any expenses incurred due to consequential loss or damage, will not be covered under the plan.

     

    Note: You can only buy the best watch insurance policy for watches that are not older than a year as per the invoice date.

    How to Make a Claim on Your Watch Insurance Plan

To register your Watch Insurance claim, follow the method mentioned below:

 

  • Call
  • For watch-related claims, call on 18002667780 or SMS ‘CLAIMS’ to 5616181. Senior citizen plan holders can call on 1800-22-9966.

Documents Required

Here is the list of documents that you need to submit when raising the claim request:

 

  • Bill copy or invoice of the insured item

  • Claim intimation report within 24 hours

  • Travel safe membership letter

  • Filled up the claim form

Watch Insurance FAQ's

  • ✔️My watch was inside my vehicle when it was stolen. Can I file a claim under the Watch Secure policy?

    No, unless your car was entirely locked from inside and the windows are closed, theft from inside the vehicle is not covered under the watch insurance policy.

     

     

     

  • ✔️Can I get additional benefits when purchasing this policy?

    Yes, you are eligible to avail the facility of instant card blocking and emergency travel assistance with Watch Secure. So, make sure to carefully read the policy brochure to know more about the policy details.

  • ✔️Who provides this insurance plan?

    CPP is the provider of this insurance policy. You can find this exclusive plan on the Bajaj MARKETS website under Pocket Insurance & VAS category.

  • ✔️What are the documents required to file the claim?

    The policyholder is required to provide the appropriately filled claim form, invoice/bills of the watch, a copy of fire brigade report in case the damage is due to fire, an FIR copy in case of theft. Other additional documents are required depending on the incident.

  • ✔️What are the things that are not covered under this policy?

    The things that are not covered under this policy includes -

    • Electrical or mechanical failure

    • Gradual operating costs

    • Consequential loss