Asset PDF
Asset PDF
Asset PDF
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Mr Pinki Devi
Susta Po Ramna
AC1151572
Block Mushahri
Saumitra Sadan - Nr Govt. Primery School ������������������
Muzaffarpur 842002 ������������������
Bihar ������������������
Mob. : 9852964909
27/03/2018
Dear Mr Pinki Devi
Congratulations on buying CPP Asset Care and welcome to the CPP family! We thank you for
choosing to buy CPP Asset Care and hope you will enjoy the benefits the membership offers you.
This welcome pack contains the following that explain all aspects of your CPP Asset Care
membership:
· A benefit guide explaining key benefits of your membership
· Detailed Terms and Conditions of your membership (including terms of the extended
warranty provided by the insurer)
· Easy-to-use instructions for benefits that are part of your membership
Your membership details along with the details of the asset purchased by you are mentioned
overleaf. Don't hesitate to get in touch with us on the contact details mentioned for any
assistance regarding your membership.
Important Note: The Extended Warranty is provided by an Indian general insurance company
registered with IRDA as an add-on complimentary benefit of CPP Asset Care product under the
group insurance policy taken by CPP and is not in conjunction with any of the brand entities of
appliance purchased by you. Please refer to the enclosed group insurance policy terms &
conditions for more details.
Your CPP Asset Care membership can also be accessed online. Login to the Members Area section
on www.cppassetcare.in and you can view/download your e-welcome pack, make changes in your
personal, asset related details and request for a duplicate physical welcome pack.
Thank you again becoming a CPP Asset Care member and congratulations on choosing to place
your appliances in safe hands!
Yours sincerely
For CPP Assistance Services Private Limited
Prachala Singh
Head – Customer Service
LED
CPP Asset Care - Membership details cum Sales Proforma*
Name of Customer Mr Pinki Devi
Address of Customer Susta Po Ramna
Block Mushahri
Saumitra Sadan - Nr Govt. Primery School
Muzaffarpur842002
Bihar
Membership No. AC1151572
Membership Start Date 16-MAR-18
Membership End Date 15-MAR-20
Product Detail Asset Care 2 year membership
# Price (Inclusive of all taxes) ` 5827 *
# Asset Details
Manufacturer Warranty Term (in
Brand SONY INDIA LIMITED 1
Years)
Extended Warranty Term (in
Asset Category LED 2
Years)
Model No. KD-43X7500E IN5 18893201 Invoice No. 14741
Serial No. 8002695 Invoice Amount (`) 60500
BFL LAN No. 6L8BEW67018816
Prachala Singh
Authorised Signatory
1) You (or BFL) must pay the Fee to Us on the date it is due • Allow Us to monitor quality standards;
and/or You must re-pay BFL the full amount paid by BFL to • Help Us with sta training; and
Us on Your behalf for Your Membership. • Meet legal requirements.
2) CPP reserves the right to revise its Fee at any point of me
but it will not change for Your exisng Membership. All communicaons and Membership documents will be in
English unless otherwise agreed.
Your consent cerficate for Informaon Security Management.
By entering into this Agreement You hereby expressly accord Our suppliers/service providers are veed to ensure they
Your consent and authorize us to collect all the required comply with the necessary data protecon protocol before they
data/informaon including any sensive personal data or are approved.
informaon from You under this Agreement. Prior to providing
any informaon, You have an opon not to provide the data or We are connually reviewing and updang Our security
informaon sought under this Agreement by sending to us a procedures as new technologies become available. All areas of
wrien noce to that eect. Our website where personal informaon is collected are secure
By entering into this Agreement, You hereby expressly accord and will display the ‘padlock’ symbol for reassurance. Where
Your consent that for the beer performance of this Agreement informaon is transferred it shall be encrypted using the latest
We may transfer Your data/informaon to any city within India encrypon technology commercially available.
or to a country outside India as menoned herein. If We do Please refer to Our data privacy policy on Our website www.
transfer Your data within or outside India, We will make the cppindia.com for more details.
appropriate checks to ensure that Your data is adequately Who We may pass Your details to and how they would be used
protected.
Remember that upon request, You have a right to see and Upda ng Your records
review all the personal informaon We hold about You and We may ask Your Issuer / bank to tell Us about changes in Your
if found to be inaccurate or deficient shall be corrected or contact details / details specifically related to the Services
amended as feasible. If You would like to request this, please (subject to any disclosure contract in this regard that You may
contact Our Customer Services Team on 1860-258-3030 have with the Issuer) so We can update Your Membership
(between 11 AM – 9 PM, Monday – Sunday) Please note that records.
there will be a separate administraon charge for the provision Providing the Service
of this informaon. Please note that We will not be responsible
for the authencity of the informaon provided by You to us as When You take the Membership, We pass Your personal details
required under this Agreement. to Our approved suppliers/service providers to provide some
You have the right to withdraw the consent earlier provided of the services described in Secon A. We will only pass to
by You with respect to providing Your data/informaon sought them the minimum amount of informaon required for them
by us anyme while availing the Services. Such withdrawal of to be able to idenfy You, should You need these services. Our
the consent shall be inmated in wring to us. However, in suppliers will pass Your informaon (such as Your name, contact
the event that You decide not to provide the data/Informaon details, etc.) to third pares to enable them to assist You only in
sought by us or withdraw the consent earlier given by You, then instances when You require help from them.
We retain the right to not provide the services for which such We may pass Your personal informaon to Our approved
data/informaon was sought. fulfilment and courier vendors so that We can send
correspondence to You and provide some of the features of the
Data Protecon Noce Service to You.
We will use the informaon You provide to:
Marke ng and Market Research
- Manage Your Membership;
To avoid contacng You unnecessarily about products or
- Collect Fees when due; and
services You may already have, We will compare Your details
- Provide the Service to You.
with informaon on prospect files prepared by Our BFLs. When
We will collect the Fee from the card/ bank account that You We do this We may need to tell Our BFLs/third party suppliers/
have informed Us is the Pay Card / Pay Account. service providers that You have subscribed for the Service
If You use a Pay Card to pay for the Service, We may ask the or hold a product with Us and disclose enough personal data
issuer of that card to tell Us about changes in Your address and to allow Our BFLs/third party suppliers/service providers to
other personal and financial details so that We can update Your idenfy You on these files.
records. This may include, but is not limited to, asking for new
card or account numbers and for informaon about changes to We and Our approved suppliers/service providers may also
any of Your personal contact details (e.g. phone or fax numbers, use Your personal informaon to contact You about goods and
or e-mail addresses). services that might interest You or invite You to take part in
market research surveys. You may be contacted either by post,
We may pass Your personal informaon to Our approved
phone or e-mail for these purposes. If You would prefer this not
suppliers/service providers, including Our group companies, for
to happen, please let Us know when You register, or call Us at
the purpose of sending correspondence to You and providing
any me if You change Your mind.
some of the features of the Service to You. They may contact You
by post, landline telephone or, if You have previously agreed, by Grievance regarding Data Protec on issues
email or mobile phone. By taking out Your Membership and by If at any me You want to tell Us about a problem, discrepancy
giving Us Your address, phone number and email address, You or grievance regarding Your personal data/informaon/details
agree that We and Our approved suppliers/service providers or the processing thereof, please call Our designated grievance
may contact You using these methods, unless You have told Us ocer Ms. Prachala Singh on 1860-258-3030 (between 11 AM –
not to. If You do not want Your details to be used for these 9 PM, Monday – Sunday) or You can also write to Our grievance
purposes, please let Us know in wring at any me. ocer at:
How We protect Your data CPP Assistance Services (Pvt) Ltd
We take data security very seriously and go to great lengths to P O Box No 826, Kalkaji Post Oce,
ensure that Your informaon is protected against unauthorised New Delhi – 110019
use of any kind. We have appropriate measures in place to Our grievance ocer will do his best to expediously redress
safeguard the data We hold. Our Informaon Security Systems any issues/grievance that You may have within a period of thirty
have been verified by accreditaon in the form of Our PCI-DSS (30) days from the date of receiving Your grievance.
Membership Fees (Special Price for BFL customers (in INR inclusive of all taxes))
Period of APPLIANCE PRICE RANGE LED TVs
Agreement
Rs. 0 10k Rs. 10k Rs. 15k Rs. 20k Rs. 30k Rs. 40k Rs. 70k Rs. 100k
15k 20k 30k 40k 70k 100k 150k
1 Year 833 1074 1194 1857 2266 3109 4896 6341
2 Years 1303 1701 1965 2943 4233 5827 8363 10918
3 Years 2088 2921 3668 5180 6816 9602 13736 18454
Annexure 1
List of benefits as applicable and provided to You for the Membership purchased by You
FEATURES OF CPP ASSET CARE FOR YOUR LED TV
Appli- Mul- - Road- Single Device - LIVE TV Movies HDMI Comp.
ance Lin- ven ve Call Security Sub- Sub- Stream- Ex-
gual Mntnc. Asst. Card (phones, - scrip- scrip- ing
Range Asst. Visit - Block- tablets) ty (lap- on on Device Warr.
Help- ing top/ (Disc. -
line PC) Vouch- ance
er)
Rs. 0 1 year Yes - - Yes - Yes - - - Yes
20k
Rs. 20k 1 year Yes - Yes Yes Yes Yes - Yes - Yes
70k
Rs. 70k 1 year Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
150k
Rs. 0 2&3 Yes - - - Yes Yes - - - Yes
20k years
Rs. 20k 2&3 Yes - - - Yes Yes - Yes Yes Yes
30k years
Rs. 30k 2&3 Yes - - - Yes Yes - Yes Yes Yes
40k years
Rs. 40k 2&3 Yes - - - Yes Yes - Yes Yes Yes
70k years
Rs. 70k 2&3 Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
150k years
Dear Mr Pinki Devi
Dear Date: Date : 27/03/2018
Greetings from Bajaj Allianz General Insurance Company Ltd.
We are pleased to inform you that you have been enrolled as a member under the Extended Warranty program supported by
Group Asset Protection Policy No.: OG-17-9999-9960-00000013 (“Extended Warranty Group Policy” issued by Bajaj Allianz General
Insurance Company Limited). This benefit entitles you for the coverage as an insured beneficiary under the Extended Warranty
Group Policy as a complimentary benefit for your Asset/Appliance (as per details below), on being the ‘CPP Asset Care' customer of
CPP Assistance Services Pvt. Ltd. (Group Policyholder).
You will be covered under the above mentioned Extended Warranty Group Policy for a sum insured of up to the purchase invoice
value of your insured Asset/Appliance for the repair or replacement costs in respect of the insured Asset/Appliance caused by
a breakdown arising out of manufacturing defect and / or due to poor workmanship of the service personnel of the authorized
workshops during the policy period strictly as per the Group Policy Terms and Conditions attached.
Details of Asset/Appliance Insured under Extended Warranty:
Notwithstanding what is mentioned in this letter, the terms and conditions of Group Asset Protection Policy which is enclosed
herewith shall be applied and prevails.
For any policy related information on the Group Asset Protection Policy, you may call your Group Policyholder on 1800-419-3030
(toll-free) or 1860-258-3030 (Monday – Sunday, 11am to 9pm) or email to cpp.assetcare@cppindia.com or write to your Group
Policyholder at the following address:
Manager – Customer Services
CPP Assistance Services Pvt. Ltd., P O Box No 826, Kalkaji Post Office, New Delhi – 110019
For any claim related query or information, you may call us on 1800-209-1021 (toll-free) (Monday – Sunday, 11am to 11pm) or e-mail
us at ew.cda@bajajallianz.co.in or write to us at the following address:
Manager - Extended Warranty Claims,
Bajaj Allianz General Insurance Co. Ltd., 4th floor, G.E. Plaza, Airport Road, Yerwada, Pune - 411016
Yours Sincerely,
For Bajaj Allianz General Insurance Company Ltd.
Authorized Signatory
CIN: U66010PN2000PLC015329
GROUP ASSET PROTECTION POLICY of any one Insured Asset in any one Cover Period will not individually or in
POLICY DOCUMENT the aggregate exceed the Sum Insured set against such item in the Certificate
of Insurance.
Whereas as the Insured has made to Bajaj Allianz General Insurance Company Ltd.
SPECIAL CONDITION
(hereinafter called the Company), a proposal which is hereby agreed to be the basis
of this Policy and has paid the premium specified in the Schedule, now the Company 1. The Sum Insured in respect of each Insured Asset must equal the original
agrees, subject always to the following terms, conditions, exclusions, and limitations, purchase price of the Insured Asset.
to indemnify the Insured Beneficiary in excess of the amount of the Deductible and 2. The Insured Asset has been purchased by Insured Beneficiary within six
subject always to the Sum Insured against such loss as is herein provided. months prior to the date on which the Insured Asset has been proposed for
DEFINITIONS Insurance and
The following words or terms shall have the meaning ascribed to them 3. The manufacturing warranty period of the asset is still in force on the date it
wherever they appear in this Policy, and references to the singular or to the has been proposed for Insurance.
masculine shall include references to the plural and to the female wherever 4. The Sum Insured shall stand reduced by the amount of loss that has been
the context so permits: claimed by Insured Beneficiary and cannot be reinstated.
1) Breakdown 5. In the event of a total loss/CTL settlement of claim or exhaustion of sum in-
sured due to payment of partial loss claims, the Certificate of Insurance shall
a) For electrical and mechanical items, Breakdown shall mean the
cease immediately and the Insured shall not be entitled to any refund of pre-
mechanical and/or electrical failure of a physical object that causes it
mium.
to not function in its intended manner
EXCLUSIONS
b) For Furniture, Breakdown shall mean
The Company is not liable for and no indemnity will be provided in respect of
Mechanical operational or structural failure of frames, springs,
any loss to the Insured Asset arising out of, caused by, occasioned by, attrib-
joints, welds, mechanisms (including inclining, reclining, heating, and
utable to or howsoever connected to:
vibrating), motors, levers or hand wands, or power or remote cords
used for sleeper, reclining, and inclining applications. 1. Any claim falling beyond the cover period under Certificate of Insurance.
2) Certificate of Insurance means the Certificate issued to the Insured 2. Deductible:
Beneficiary under the Master Policy/Group Policy which contain details such For Partial Loss Claims: As applicable and mentioned in the Master Policy.
as the Master Policy number, name and address of the Insured Beneficiary, For Total Loss Claims: No deductible is applicable.
the asset description, the Manufacturer's Warranty period, Cover Period,
3. Loss or damage arising out of the Insured Asset not being used in accordance
deductible and the terms and conditions of the coverage.
with manufacturer's general instructions/guidelines.
3) Constructive Total Loss [CTL] : An insured asset will be considered to be
4. Loss or damage for which the manufacturer of the Insured Asset is responsible
a constructive total loss if the cost of repair of the asset exceeds 75% of the
under a guarantee and/or warranty/conditions.
sum insured/balance sum insured of the asset.
5. Loss or damage arising out of improper use of the Insured Asset
2) Deductible means the amount which shall be borne by the Insured
Beneficiary in respect of each and every claim made under this Policy. The 6. Loss or damage arising out of modification or alteration of any nature made
Company's liability to make any payment under the Policy is in excess of the in the electrical circuitry and/or physical/structural construction of the Insured
Deductible. Asset.
3) Group: The definition of a group as per the provisions of group guidelines 7. Where repair work is carried out by persons/agency that are not authorized by
issued by Authority vide circular015/IRDA/Life/Circular/GI Guidelines/2005 the manufacturer or by the Insurer.
dated 14th July 2005 and further amendments, circulars/guidelines/ 8. Inconsequential aspects such as noises, vibrations, warpage, oil seepage and
regulations, if any Issued/that may be issued, from time to time. sensations that do not lead to dismal performance of the Insured Asset.
4) Insured means the Organization/Entity/Group Manager named in the Master 9. Loss or damage to accessories used in connection with the Insured Asset that
Policy were not supplied at the time of purchase of the Insured Asset by the Insured.
5) Insured Beneficiary shall mean members of the group covered under the 10. Replacement of any consumable item of the Insured Asset, including but not
Master Policy. limited to batteries, bulbs, plugs, cables, ribbons, belts, tapes, fuses, filters,
6) Insured Asset means a physical object which is usable movable Article toner or software.
which has value and for which a market value can be ascertained and same 11. Defects or faults that were not covered under the manufacturer's warranty.
is owned/purchased by the Insured Beneficiary which is the subject matter of 12. Loss or damage due to or consequent upon wear and tear and/or gradual
insurance under this Master Policy and mentioned/described specifically on deterioration of the Insured Asset.
the Certificate of Insurance. 13. Loss or damage arising out of improper or abnormal electrical/gas/water sup-
7) Covered Insured Event: means the insured risk covered under the coverage ply or signal connection to the Insured Asset.
under Certificate of Insurance read with these Terms and Conditions. 14. The cost of transporting the Insured Asset to and/or from the place of repair.
8) Master Policy shall mean the group Policy issued to the Insured containing 15. Loss or damage caused by or arising out of the wilful acts or wilful gross
the terms and conditions of the insurance coverage and under which negligence or fraudulent acts of the Insured/ Insured Beneficiary(ies) and/
Certificates of Insurance shall be issued to the Insured Beneficiary. The validity or Insured's/Insured Beneficiary(ies) family and/or Insured's/ Insured Benefi-
of the Master Policy shall be for a period of twelve months as mentioned in ciary(ies) employees
the Group Policy Schedule.
16. Insured/ Insured Beneficiary(ies) consequential losses of any kind and/or legal
9) Policy means the Master Policy Schedule, the Terms and Conditions of Mas- liability of any kind.
ter Policy, Certificate of Insurance issued to respective Insured Beneficiary/ies
and any endorsements attaching to or forming part thereof either on the Cover 17. Failure of parts which are subject to recall by manufacturer of the Insured
period or during the Policy Period. Asset.
10) Policy Period refers to group Master policy period, within which certificates 18. The cost of repairing, restoring or reconfiguring computer software or any
of insurance are issued to members of the group. Also references to Policy system programs.
Period will imply Cover Period of respective Certificate of Insurance/s. 19. Any cost incurred with periodic maintenance of the Insured Asset, including
11) Cover Period means the period as specified in the Certificate of Insurance parts replaced in course of such maintenance operations.
under which the Insured Asset owned by the Insured Beneficiary is insured 20. Loss or damage due to corrosion, rust, denting, scratching, blockages or dust.
and covered as per Terms and Conditions of the Master Policy. The Cover Pe- 21. Where the original serial number is removed, obliterated or altered from In-
riod starts on the expiry of the manufacturer's Warranty Period and shall end sured Asset.
on the specified date mentioned in the Certificate of Insurance issued to the 22. Loss or damage arising out of improper storage or transportation of the In-
Insured Person. sured Asset.
12) Manufacturer's Warranty Period means the period of time for which the 23. The cost of installation of the Insured Assets and/or any optional attachment
Manufacturer provides Warranty for the insured Asset shall be effective/ to the Insured Asset.
available.
24. Loss or damage due to use of non-genuine parts, accessories and/or consum-
13) Sum Insured [SI] means the amount stated in the Certificate of Insurance, ables.
which is the maximum amount (regardless of the number of amount of claims
made) for any one claim and or in the aggregate for all claims by Insured 25. Where there is a change of ownership of the Insured Asset.
Beneficiary under Certificate of Insurance during the Cover Period in relation 26. Mechanical and/or electrical breakdown caused by overloading, strain, over-
to the Insured Asset. running, freezing, excessive pressure, short-circuiting, heating.
COVERAGE 27. Service/maintenance calls which do not involve malfunction or defects in the
Insured Asset due to workmanship or material used by manufacturer.
The Company will indemnify the Insured Beneficiary against the repair or
replacement costs in respect of the Insured Asset belonging to the Insured 28. Damages caused by services performed by service personnel of the non-au-
Beneficiary caused by a Breakdown arising out of manufacturing defect and/or thorized persons or repairer workshops.
due to poor workmanship of the service personnel of the authorized workshop 29. Where the Insured Asset is subject to commercial, rental or profit generation
during the Cover Period provided that the liability of the Company in respect purposes.
30. Loss or damage arising out of any external cause, including but not limited to 2. Reasonable Care
fire, theft, explosion, water damage, acts of God perils, riots/strike/malicious The Insured Beneficiary shall:
damage, - act of terrorism, corrosion, rust, denting, scratching, animal/insect
damage, entry of foreign bodies etc. a. Take all reasonable steps to safeguard the Insured Asset against any
Covered Insured Event.
31. Any circumstance, fact or matter of which the Insured was or ought reasona-
bly to have been aware prior to the commencement of the Policy Period/Cover b. Take all reasonable steps to prevent a claim from arising under this
Period. Policy
32. Ionising, radiation or contamination by radioactivity from any nuclear fuel or 3. Duties and Obligations after Occurrence of an Covered Insured Event:
from any nuclear waste or from the combustion of nuclear fuel. Save as more specifically provided for elsewhere in the Policy, it is a condition
33. The radioactive toxic explosive or other hazardous properties of any explosive precedent to the Company's liability under this Policy that, upon the happening
nuclear assembly or nuclear component thereof. of any event giving rise to or likely to give rise to a claim under this Policy:
34. War, invasion, acts of foreign enemies, hostilities (whether war be declared a. The Insured or Insured Beneficiary shall immediately and in any event
or not), civil war, rebellion, revolution, insurrection, military or usurped power within 14 days give written notice of the same to the Company or any
or confiscation or nationalisation or requisition of or damage to property by or of its representatives and appointees, at the address shown in the
under the order of any government or public local authority. Schedule for this purpose, and in case of notification of an event likely
35. Any loss or damage that arises when the Certificate of Insurance is not in to give rise to a claim to specify the grounds for such belief, and
force due to any reason whatsoever. b. The Insured or Insured Beneficiary shall not abandon the Insured As-
set, nor take any steps to rectify/remedy the damage before the same
36. Exclusion specific to furniture which is Insured Asset:
has been approved by the Company or any of its representatives and
a) Loss or damage caused by stains howsoever caused appointees, and
b) Maintenance, damage caused by normal or ordinary wear-and-tear, in- c. The Insured or Insured Beneficiary shall within 28 days deliver to the
cluding but not limited to Scuffing, scrapes, or other surface abrasions, Company its completed claim form detailing the loss or damage that
including surface scratches on leather or fabrics.. has occurred and an estimate of the quantum of any claim along with
c) Damage to Mattresses, Wicker and rattan furniture, Nubuck, suede or all documentation required to support and substantiate the amount of
exotic leathers, Split-grain leather hides used in seat cushions, back Indemnification sought from the Company, and
cushions, or arm areas, d. The Insured or Insured Beneficiary shall expeditiously provide the Com-
d) Components and mechanisms integrated into furniture, including but pany and its representatives and appointees with all the information,
not limited to adjustable bed frames, sinks, plumbing, robotics, TV assistance, records and documentation that they might reasonably
lifts, electronics, USB ports, electrical outlets, electrical appliances, require, and
fireplaces, clocks e. The Insured or Insured Beneficiary shall allow the Company and its
e) Fading, colour loss, or colour change and/or Cracking and peeling of representatives and appointees to inspect the Insured Asset or any
leather or vinyl other material items, as per ‘the Right to Inspect' Clause.
f) Loss of foam and/or inner spring resiliency (including any impressions *Note: Waiver of conditions (a) and (c) may be considered by the Company
or deformation) at its absolute discretion, in extreme cases of hardship where it is proved to
the satisfaction of the Company that under the circumstances in which the
g) Repairs carried out by persons not authorised by the company/manu-
Insured Beneficiary was placed, it was not possible for the Insured or Insured
facturer.
Beneficiary or any other person claiming on his/her behalf to give notice or file
h) Checking, cracking, bubbling, or peeling of the finish. claim within the prescribed time limit. The decision of the Company shall be
i) Chips, scratches, and/or breakage of glass or any brittle material used final and binding on the Insured or Insured Beneficiary.
in manufacturing or mirrors, loss of silvering on mirrors.
4. Right to Inspect
j) Any loss or defects covered under any warranty/Guarantee/ other
insurance policies If required by the Company, its representatives and appointees, including a
loss assessor or a surveyor appointed in that behalf, shall in case of any loss/
k) Damage caused by fire, smoke, flood or other natural disaster, theft or
damage or any circumstances that have given rise to a claim under the Policy
vandalism.
be permitted at all reasonable times to examine into the circumstances of
l) Damage caused by structural problems or appliance malfunctions such such loss/damage. The Insured or Insured Beneficiary shall, on being required
as, but not limited to, leaks from air conditioners, skylights, roofs, wa- so to do by the Company, produce all books of accounts, receipts, documents
ter heaters, or water pipes. relating to or containing entries relating to the loss or such circumstance in his
m) Furniture that is used for commercial, institutional or rental purposes. possession and furnish copies of or extracts from them as may be required by
n) Furniture that has been mishandled, neglected, or abused other than the Company so far as they relate to such claims or will in any way assist the
intended use as specified by the manufacturer. Company to ascertain in the correctness thereof or the liability of the Company
o) Furniture sold “as is” or floor samples. under the Policy.
p) Furniture showing signs of infestation, including but not limited to 5. Contribution
insects, rodents, termites and cockroaches. If, at the time of any claim, there is, or but for the existence of this Policy,
q) The effects of weather conditions upon the product such as but not would be any other policy of indemnity or insurance in favour of or effected
limited to sunlight, wind, weather, rusting, radiation, corrosion. by or on behalf of the Insured Beneficiary applicable to such claim/Insured
Asset, then the Company shall not be liable to pay or contribute more than its
CLAIM SETTLEMENT rateable proportion of any loss or damage.
In the event of a loss, the basis of loss settlement shall be as follows:
6. Subrogation
1. Where an Insured Asset can reasonably be repaired or reinstated at a cost
less than the replacement cost, the Company will indemnify the Insured Ben- The Insured Beneficiary under the Certificate of Insurance shall at the expense
eficiary in respect of the expenses necessarily incurred to restore the Insured of the Company do or concur in doing or permit to be done all such acts and
Asset to its state immediately prior to the happening of the Covered Insured things that may be necessary or reasonably required by the Company for the
event. No depreciation will be deducted. purpose of enforcing any civil or criminal rights and remedies or obtaining
relief or indemnity from other parties to which the Company shall be or would
2. In the case of a total loss/Constructive Total Loss [CTL] the Company shall become entitled or subrogated upon the Company paying for or making good
indemnify the Insured in respect of the restoration or replacement costs any loss or damage under the Certificate of Insurance whether such acts and
subject to maximum of the Sum Insured set against the Insured Asset in the things shall be or become necessary or required before or after the Insured
Certificate of Insurance, subject to a depreciation of 10% per annum from the Beneficiary(ies) indemnification by the Company.
date of Invoice of the Insured Asset
3. Claims subsequent to the payment of partial loss claim(s) shall be considered 7. GROUP DISCOUNT
as a Constructive Total Loss [CTL] if the cost of repairs exceeds the remaining Applicable group discount will be as per the table below
SI after payment of the partial loss claim.
4. The Company may at its Option repair, reinstate or replace the Insured Asset Group Size Group Discount
damaged or destroyed, or any part thereof instead of paying the amount of
loss or damage Upto 500 0.00%
5. The Company shall be entitled to retain any defective part replaced under the
Policy with all subrogation rights. 501 to 1000 3.80%
GENERAL CONDITIONS
1001 to 2000 4.80%
1. Due Observance
The due observance of and compliance with the terms, provisions, warranties 2000 and above 5.10%
and conditions of this Policy insofar as they relate to anything to be done
or complied with by the Insured/Insured Beneficiary shall be a condition
precedent to any liability of the Company under this Policy. Note - Group discount will be applicable on the group size at inception of
the policy. There shall not be any midterm revision of group discount. Subject to provision relating to cancellation, the coverage under the Certificate
8. Fraud of Insurance will terminate on the earliest of the following occurrence:
If the Insured or any Insured Beneficiary under the Certificate of Insurance or a. The expiry date of Cover Period as mentioned in the Certificate of
any one acting on his behalf shall make or advance any claim be in any respect Insurance
fraudulent, or if any false declaration be made or used in support thereof or b. In case of loss/damage, any claim paid up to the Sum Insured as
if any fraudulent means or devices are used to obtain any benefits under the mentioned in the Certificate of Insurance
Certificate of Insurance or if the loss or damage be occasioned by the wilful c. The date that the Insured Beneficiary is no longer member of the group
act, or with the connivance of the Insured Beneficiary, all benefits under the of the Insured.
Certificate of Insurance shall be void and all claims or payments thereunder
d. The effective date of cancellation of Certificate of Insurance by the
shall be forfeited.
Company or Insured , as the case may be, in accordance with these
9. Cancellation of Master Policy/Certificate of Insurance by the Compa- terms and conditions of the Policy
ny
12. Transfer
a. The Master Policy may be cancelled by the Company at any time
Transferring/assigning of Interest in this Policy to anyone else is not allowed.
before the expiry of the Policy Period of Master Policy by giving at
least 15 days written notice to the Insured. Provided however if 13. Automatic Termination
the Company cancels the Master Policy even then the respective The cover for the Insured Beneficiary shall terminate immediately in the event
Certificate of Insurance/s issued to various Insured Beneficiaries shall of admissible claim and settlement of 100% Sum Insured mentioned in the
be valid for the Covered Period, unless the Certificate of Insurance is Certificate of Insurance.
also cancelled by the company. 14. Dispute Resolution
b. The Certificate of Insurance may be cancelled by the Company at any a. If any dispute or difference shall arise as to the quantum of claim to
time before the expiry of the Covered Period by giving at least 15 days be paid under this Policy (liability/claim being otherwise admitted by
written notice to the Insured and Insured Beneficiary. the Company), such difference shall independently of all other question
c. If the Certificate of Insurance is cancelled by the Company prior to be referred to the decision of a sole arbitrator to be appointed in writ-
commencement of the Cover Period mentioned in the Certificate of ing by the Company and the respective Insured Beneficiary or if they
Insurance issued to the Insured Beneficiary, the Company will refund cannot agree upon a single arbitrator within 30 days of any party [the
100% of the premium to the Insured, Company or the respective Insured Beneficiary] invoking arbitration,
d. If the Certificate of Insurance is cancelled by the Company after the the same shall be referred to a panel of three arbitrators, comprising
commencement of the Cover Period mentioned in the Certificate of of two arbitrators one to be appointed by each of who are the parties
Insurance issued to the Insured Beneficiary the Company shall refund to the dispute/ difference and the third arbitrator to be appointed by
to the Insured a pro-rata premium for the unexpired Cover Period in such two arbitrators and arbitration shall be conducted under and in
respect of the Certificates of Insurance issued prior to the date of accordance with the provisions of the Arbitration and Conciliation Act,
cancellation on which no claim has been lodged. 1996 as amended from time to time. The law of the arbitration will be
e. No refund shall be made in respect of Certificates of Insurance Indian law, and the seat of arbitration and venue for all hearings shall
cancelled by the Company on which claim has been lodged by the be within India.
Insured Beneficiary or a person on behalf of the Insured Beneficiary. b. It is clearly agreed and understood that no difference or dispute shall
f. For the avoidance of doubt, the Company shall remain liable for any be referable to arbitration as herein before provided if the Company
claim that was made prior to the effective date on which the Certificate has disputed or not accepted/admitted the liability/claim under or in
of Insurance is cancelled. respect of the respective Certificate of Insurance.
g. Under normal circumstances the policy shall not be cancelled by c. It is hereby expressly stipulated and declared that it shall be a con-
the company except on the grounds of Fraud, mis-representation or dition precedent to any right of action or suit upon the respective
non-disclosure of material facts or non-co-operation by the Insured Certificate of Insurance read with this Policy that the award by such
Beneficiary. Provided however if Certificate of Insurance is cancelled arbitrator/ arbitrators of the amount of the loss or damage shall be first
due to Fraud, mis-representation or non-disclosure of material facts obtained.
or non-co-operation by the Insured and Insured Beneficiary then the d. It is also hereby further expressly agreed and declared that if the
premium shall be forfeited and no refund of premium shall be made by Company shall disclaim/repudiate the liability to the respective Insured
the Company. Beneficiary for any claim under Certificate of Insurance issued to them,
10. Cancellation by the Insured before the expiry of Master Policy/ and such claim shall not, within 12 calendar months from the date of
Certificate of Insurance: such disclaimer have been made the subject matter of a suit in a court
of law, then all benefits under the Certificate of Insurance shall be
a. During the Policy Period of the Master Policy, the Insured may cancel
forfeited and the rights of Insured Beneficiary shall stand extinguished
the Master Policy at any time by giving at least 15 days written notice
and the liability of the company shall also stand discharged.
to the Company.
i. In the event that these arbitration provisions shall be held to be
b. The Certificate of Insurance may be cancelled by the Insured as under:
invalid then all such disputes or differences shall be referred to
(i) If the Certificate of Insurance is cancelled by the Insured the exclusive jurisdiction of the Indian Courts subject to other
prior to commencement of the Cover Period mentioned in the clauses herein.
Certificate of Insurance issued to the Insured Beneficiary, the 15. Notices
Company will refund, subject to retention of Rs.100 towards
a. Any and all notices and declarations for the attention of the Company
administrative costs per Certificate of Insurance, 100% of the
shall be submitted in writing and shall be delivered to the address
premium to the Insured.
specified in the Certificate of Insurance.
(ii) The Certificate of Insurance may be cancelled by the Insured b. Any and all notices and declarations for the attention of the Insured
within six months of the date of commencement of the Cover Beneficiary shall be posted to the Insured's address stated in the
Period mentioned in the Certificate of Insurance, in which case Certificate of Insurance.
the Company will refund the premium to the Insured on a pro-
16. Governing Law
rata basis by reference to the risk undertaken as provided in
the respective Certificates of Insurance till effective date of The construction, interpretation and meaning of the provisions of this Policy
such termination, subject however to a minimum retention and Certificate of Insurance shall be determined in accordance with Indian
of 25% of premium mentioned in the Certificate of Insurance law. The section headings of this Policy and Certificate of Insurance are
or Rs.100 per Certificate of Insurance whichever is higher in included for descriptive purposes only and do not form part of this Policy or
respect of those certificates of Insurance on which no claim Certificate of Insurance for the purpose of its construction or interpretation.
has been lodged. However no request from the Insured 17. Entire Contract
for cancellation of any Certificate of Insurance shall be This Policy read with respective Certificate of Insurance constitutes the
entertained after completion of six months from the date of complete contract of insurance for the Insured Beneficiary. No change or
commencement of the Cover Period. alteration in this Policy shall be valid or effective unless approved in writing
c. No refund of premium shall be due on cancellation of Certificate of by the Company, which approval shall be evidenced by an endorsement on the
Insurance if a claim has been made by the Insured Beneficiary. Policy/Certificate of Insurance.
d. For the avoidance of doubt, the Company shall remain liable for any 18. Territorial Limits
claim that was made prior to the effective date of cancellation of This Policy and Certificate of Insurance covers insured events of concerned
Certificate of Insurance. Insured Beneficiary arising during the Cover Period within India. The
Note: For avoidance of doubts it is also clarified that since premium is born and Company's liability to make any payment under admissible claims under
paid by Insured and received by the Company, any cancellation or refund of such Certificate of Insurance shall be to make payment to concerned Insured
premium shall always be made to Insured as mentioned in these Policy Terms and Beneficiary within India and in Indian Rupees only.
Conditions/wordings. 19. Renewal Notice
11. Validity of Certificate of Insurance The Company shall not be bound to receive any renewal premium nor give
notice that such renewal and renewal premium is due. If the Company agrees of Insurance issued to the concerned Insured Beneficiary.
to renew the cover period under the Certificate of Insurance Every renewal Second Step
premium (which shall be paid and accepted in respect of the Certificate of
Naturally, the Company hope the issue can be resolved to the satisfaction of
Insurance) shall be so paid and accepted upon the distinct understanding
Insured Beneficiary at the earlier stage itself. But if Insured Beneficiary feel
that no alteration has taken place in the facts contained in the proposal or
dissatisfied with the suggested resolution of the issue after contacting the
declaration herein before mentioned and that nothing is known to the Insured
local office, please e-mail or write to:
Beneficiary that may result in enhancement of the risk of the Company under
the Certificate of Insurance . No renewal receipt shall be valid unless it is on Customer Care Cell
the printed form of the Company and signed by an authorized official of the Bajaj Allianz General Insurance Co. Ltd
Company. GE Plaza, Airport Road, Yerawada, Pune 411 006,
20. Resolving Issues E-mail: customercare@bajajallianz.co.in
The Company do its best to ensure that its customers are delighted with If the Insured Beneficiary is still not satisfied, he can approach the Insurance
the service they receive from the Company. If the Insured Beneficiary is Ombudsman in the respective area for resolving the issue. The contact details
dissatisfied the Company would like to inform the Insured Beneficiary that the of the Ombudsman offices are mentioned below:
Company has a procedure for resolving issues, as mentioned herein below. Note: Address and contact number of Governing Body of Insurance Council:
Please include your Certificate of Insurance number in any communication.
This will help the Company to deal with the issue more efficiently. Secretary General - Governing Body of Insurance Council
First Step Jeevan Seva Annexe, 3rd Floor, S.V. Road, Santacruz (W), Mumbai - 400 054
Initially, it is suggest that the Insured Beneficiary contact the Branch Manager Tel. No.: 022 - 2610 6889, 26106245, Fax No.: 022 - 26106949, 2610 6052,
/ Regional Manager of the local office of the Company which has issued the E-mail ID: inscoun@vsnl.net
policy. The address and telephone number will be available in the Certificate
AHMEDABAD
Office of the Insurance Ombudsman,
2nd floor, Ambica House, Near C.U. Shah College, Gujarat,
5, Navyug Colony, Ashram Road, Ahmedabad – 380 014. Dadra & Nagar Haveli,
Tel.: 079 - 27546150 / 27546139 Fax: 079 - 27546142 Daman and Diu.
Email: bimalokpal.ahmedabad@gbic.co.in
BENGALURU
Office of the Insurance Ombudsman,
Jeevan Soudha Building,PID No. 57-27-N-19
Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Karnataka.
Bengaluru – 560 078.
Tel.: 080 - 26652048 / 26652049
Email: bimalokpal.bengaluru@gbic.co.in
CHANDIGARH -
Office of the Insurance Ombudsman,
S.C.O. No. 101, 102 & 103, 2nd Floor, Batra Building, Sector 17 – D, Punjab,
Chandigarh – 160 017. Haryana, Himachal Pradesh, Jammu & Kashmir,
Tel.: 0172 - 2706196 / 2706468 Fax: 0172 - 2708274 Chandigarh.
Email: bimalokpal.chandigarh@gbic.co.in
LUCKNOW - Shri. N. P. Bhagat Districts of Uttar Pradesh : Laitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot,
Office of the Insurance Ombudsman, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazi-
6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, pur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki,
Lucknow - 226 001. Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti,
Tel.: 0522 - 2231330 / 2231331 Fax: 0522 - 2231310 Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushina-
Email: bimalokpal.lucknow@gbic.co.in gar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar.
NOIDA - Shri. Ajesh Kumar State of Uttaranchal and the following Districts of Uttar Pradesh: Agra, Aligarh,
Office of the Insurance Ombudsman, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kanooj, Mainpuri, Mathu-
Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, ra, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad,
Distt: Gautam Buddh Nagar, U.P-201301. Firozbad, Gautambodhanagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli,
Tel.: 0120-2514250 / 2514251 / 2514253 Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur.
Email: bimalokpal.noida@gbic.co.in
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