Do You Know These Insurance Policies Exist in India?Insurance AgenciesUpdated on Mar 14, 2019 View more like this | Visit India, UN | Contact sidharth kapoor |
An insurance policy can shield you from an array of hazards, accidents, and disasters and protect your life and valuable assets. You may have already insured your car using a car insurance plan, may have secured the future of your family using term insurance plans and may have bought health insurances and child insurance too to protect the health of your family. However, apart from these conventional insurance policies in India, there are a range of uncommon and unusual insurance policies in India. These include Identity theft cover, trek cover, road trip cover, firecracker cover, Mumbai local train cover and many others. These insurance policies offer protection and security to you and your family under unusual circumstances.
Here is the list of unusual insurance policies in India that you can buy.
ATM assault cover
You don’t have to be worried about withdrawing money from the ATM anymore. This is because you can protect yourself against unforeseen circumstances such as bodily injury by taking an ATM assault cover. This policy will protect both you and your money in case of robbery or assault while withdrawing money from the ATM. Generally, you can get a high coverage of up to Rs.50,000 with the ATM assault policy.
Price protection cover
To ensure that you don’t overpay for the purchase of any product, you can buy the price protection cover and insure yourself against financial losses. This means that whenever you pay more than the printed price of an item, you can redeem your financial losses by raising a claim under this policy. Usually, you will get a coverage of up to Rs.75,000 on an annual premium of Rs.399 for any price difference you suffer. Here the product price at actuals should be more than Rs.2,500.
Spectacle insurance cover
If you wear glasses or shades, having a spectacle insurance cover is prudent. This is because spectacle insurance will work as a shield reimbursing you for the loss or damage incurred on your spectacle frame or lenses. This apart, this coverage keeps you shielded against financial losses due to accidental damage and also pays you even if you lose your spectacles in a riot or when your glasses are stolen. With the cost of lenses and frames going up at a rapid pace, this is soon becoming an important insurance policy for every individual who uses spectacles.
Pilgrimage insurance cover
Before going on a pilgrimage, buy the pilgrimage insurance cover to protect yourself financially from any unexpected emergency arising during the trip. In order to avail this cover, you have to pay a small amount of Rs.599 and get insured for up to Rs.3 lakh. Pilgrimage cover also shields your debit and credit cards and keeps them insured against thefts. Added to this, you can also raise a claim for baggage loss, hospitalisation, hotel and travel bookings, and get access to handy cash too in case you lose your wallet on the trip.
Stampede insurance
With the increasing number of stampedes taking place in India, you can secure yourself from unforeseen injuries caused by buying the stampede insurance. Moreover, if you reside in a heavily populated Indian city or avail the local mode of transport on a daily basis then you must have this insurance to protect you and your family members from any financial emergency that may occur due to a stampede. In general, you can get coverage up to Rs.2 lakh under this insurance policy, which will help pay for your hospital bills in case you succumb to injuries. It also helps fund recurring household expenses during your recovery.
Choose from a range of Bajaj Finserv Pocket Insurance Plans that offers a number of policies to protect everything that is valuable to you. Before you apply, check your pre-approved insurance offer to get a customised deal and enjoy a hassle-free online application. You will also be able to view tailor-made offers on loans and other financial services, and apply instantly while paying affordably to meet all your goals. Get started now!
Here is the list of unusual insurance policies in India that you can buy.
ATM assault cover
You don’t have to be worried about withdrawing money from the ATM anymore. This is because you can protect yourself against unforeseen circumstances such as bodily injury by taking an ATM assault cover. This policy will protect both you and your money in case of robbery or assault while withdrawing money from the ATM. Generally, you can get a high coverage of up to Rs.50,000 with the ATM assault policy.
Price protection cover
To ensure that you don’t overpay for the purchase of any product, you can buy the price protection cover and insure yourself against financial losses. This means that whenever you pay more than the printed price of an item, you can redeem your financial losses by raising a claim under this policy. Usually, you will get a coverage of up to Rs.75,000 on an annual premium of Rs.399 for any price difference you suffer. Here the product price at actuals should be more than Rs.2,500.
Spectacle insurance cover
If you wear glasses or shades, having a spectacle insurance cover is prudent. This is because spectacle insurance will work as a shield reimbursing you for the loss or damage incurred on your spectacle frame or lenses. This apart, this coverage keeps you shielded against financial losses due to accidental damage and also pays you even if you lose your spectacles in a riot or when your glasses are stolen. With the cost of lenses and frames going up at a rapid pace, this is soon becoming an important insurance policy for every individual who uses spectacles.
Pilgrimage insurance cover
Before going on a pilgrimage, buy the pilgrimage insurance cover to protect yourself financially from any unexpected emergency arising during the trip. In order to avail this cover, you have to pay a small amount of Rs.599 and get insured for up to Rs.3 lakh. Pilgrimage cover also shields your debit and credit cards and keeps them insured against thefts. Added to this, you can also raise a claim for baggage loss, hospitalisation, hotel and travel bookings, and get access to handy cash too in case you lose your wallet on the trip.
Stampede insurance
With the increasing number of stampedes taking place in India, you can secure yourself from unforeseen injuries caused by buying the stampede insurance. Moreover, if you reside in a heavily populated Indian city or avail the local mode of transport on a daily basis then you must have this insurance to protect you and your family members from any financial emergency that may occur due to a stampede. In general, you can get coverage up to Rs.2 lakh under this insurance policy, which will help pay for your hospital bills in case you succumb to injuries. It also helps fund recurring household expenses during your recovery.
Choose from a range of Bajaj Finserv Pocket Insurance Plans that offers a number of policies to protect everything that is valuable to you. Before you apply, check your pre-approved insurance offer to get a customised deal and enjoy a hassle-free online application. You will also be able to view tailor-made offers on loans and other financial services, and apply instantly while paying affordably to meet all your goals. Get started now!
