Monday, January 27, 2020
News
NEWS HOME
»
PRESS RELEASES

Top Benefits of Opting for Key Replacement Insurance From Bajaj Finserv
  SocialTwist Tell-a-Friend  
   


Date: 12-12-2019 5:05PM
Source: Bajaj Finance Ltd.
Category: General, Consumer Interest, Internet, Banking & Financial Services, Insurance, Advertising, Pr And Marketing
Location: Pune, Maharashtra, India

Business Wire India
Today, you’ll find that keys have a unique laser-cut design, with a frequency operated button (FOB) for vehicles, and older cut keys are slowly being weeded out. While this results in higher security standards across the board, it also translates into higher replacement costs. Data shows that replacing the key of a luxury car can cost upwards of Rs. 8,000.

The Key Replacement Insurance offered by Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv can come in handy in situations when you lose your car keys. This key insurance policy covers the loss of home keys too, making it a good all-round solution. To understand its benefits in detail, keep reading:

Get coverage to replace lost vehicle or home keys
Losing the keys to your vehicle or home can result in significant out-of-pocket expenses. With Key Replacement Insurance, you can avail coverage of up to Rs. 20,000 at just Rs. 499. Car insurance policies typically don’t offer this provision, and so, you should consider opting for this Pocket Insurance plan. The policy also covers the cost of availing a locksmith’s services in case you find yourself locked out of your car or home.

Avail reimbursement for replacing the broken lock due to a break-in
In the unfortunate instance of a vehicle or house break-in, you can raise a claim and avail reimbursement for expenses on replacing the lock and keys. However do note that the cover is only extended for replacement, and not the cost of the lock. So, all you have to do is bear the cost of the lock and the policy takes care of the rest.

Get a rental car while your keys are being replaced
Sometimes, getting your vehicle’s keys replaced may take several hours to a few days. In such circumstances where replacement takes more than 24 hours, you can get reimbursement for temporary rental car as per the terms of the policy. This ensures that your life doesn’t come to a standstill while your keys are being replaced.

Take advantage of the quick and hassle-free claims procedure
One of the most important benefits of this insurance policy is that it is tailored to offer help expeditiously. Upon the loss of your keys, all you have to do is call 1800-11-9966 or write an email intimating the insurer about the incident within 24 hours. You can then take the following steps.

  • File for an FIR within 24 hours of the incident
  • Submit the claims form
  • Maintain receipts of key replacement costs and labour charges
  • Keep other relevant documents required by the issuer ready
  • Submit the claim form to the issuer for reimbursement within 3 days

With an annual premium of just Rs.499, you can easily apply for Key Replacement Insurance by filling in the online application form. Other than this particular plan, Bajaj Finserv offers over 80 Pocket Insurance & Subscriptions that you can opt for as per your needs and lifestyle. These plans range across Health, Lifestyle, Travel, and more.
About Bajaj Finance Limited

Bajaj Finance Limited, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 36 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today. It is also the only NBFC in India with the international ‘BBB’ with stable outlook for long-term, by S&P Global Rating.

To know more, please visit: https://www.bajajfinserv.in


More Press Releases

Poultry Federation of India Joins the ‘Right To Protein’ Initiative

Embassy Group Celebrates the Spirit of Patriotism with a Special Tribute on Republic Day

Stone Sapphire India Announces Ambitious Growth Plans for the Coming Year

Onward Technologies 9M FY20 EBITDA Grows 41 percent, PBT and PAT Grow 23 percent and 33 percent Respectively. EPS for the 9M Period Recorded at INR 5.77 Per Share

Major Study Proves Resolute Onyx DES Meets Primary Endpoint in First-Ever Clinical Study Comparing Drug-Eluting Stents in High-Bleeding Risk Patients with One-Month DAPT

Philips Showcases AI-Powered Solutions For Precision Diagnosis at IRIA 2020

Arthur D. Little Report Outlines Challenges and Opportunities for On-Demand Mobility

HCL Technologies Honors Global Goodwill Champions at the 2020 World Economic Forum in Davos

With Safety and Security in Place, ‘Mumbai 24 Hours’ Promises a New Lifestyle: Dr Niranjan Hiranandani

SmartOwner’s Real Estate Division, Prime One Corp, Launches Highly Anticipated Luxury Residential Line

Ozone Group Delivers 3.6 mn sqft of Residential and Commercial Space Across India

Happay Appoints Accomplished Industry Leaders to Spearhead the Company’s Rapid Global Growth and Drive Ramp-up Efforts

Amazentis Announces the Launch of Timeline™ Cellular Nutrition at the World Economic Forum in Davos

Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets

Confluent Expands Field Operations Leadership to Meet Growing Global Demand for Event Streaming

Cohesity Announces Significant Expansion in Pune With Long-Term Commitment to the Indian Market

President Bill Clinton to Keynote 2020 World Patient Safety, Science & Technology Summit

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Over 58% in Delhi satisfied with Kejriwa...
Three capital decision historic, says An...
Bhim Army chief held on way to public me...
Stay fit to tackle examinations: PM to s...
Two arrested in Gaurav Chandel murder ca...
Sandeep Dikshit lashes at Kejriwal for a...
More...    
 
 Top Stories
Kobe Bryant reportedly dead in Cali... 
Basketball legend Kobe Bryant, his ... 
Billie Eilish stuns in a green and ... 
'Malang' is a cool film: Kunal Kemm... 
Pranutan Bahl: 'Helmet' is a fun fi... 
Azad arrested in Hyderabad, whereab... 
Amit Shah to hold three public rall... 
Lizzo slays Grammys red carpet in a...