Are hearing aids covered by insurance in India

Are hearing aids covered by insurance

In the past few decades, hearing aids have come a long way in terms of technology and ease of use. The old bulky hearing aids have now turned compact and stylish. However, these devices are still expensive to buy and are susceptible to damage or breakdown due to complex technology. With Hearing Aid Insurance from Bajaj Finserv, you can stay covered against any financial loss suffered due to repairs or replacement of your hearing aids. Read on to know the features and benefits, coverage, and exclusions of this plan.

are hearing aids covered by insurance

Hearing Aid Insurance - Features & Benefits

High Coverage

With Hearing Aid Insurance, you can avail coverage of up to Rs. 25,000 at a nominal premium of Rs. 399 for a year. You can insure your hearing aid within 30 days of its purchase.

Multiple Payment Options

Applying for the Hearing Aid Insurance is a simple, online process. All you need to do is fill in your basic details in the online application form and pay the premium amount using net banking, mobile wallets, UPI, debit cards or credit cards.

What’s Covered Under Hearing Aid Insurance?

Standard Fire And Special Perils Cover

Any loss or damage to your hearing device due to fire, explosion, implosion, lightning, and more is covered under the plan. It also offers coverage against damages due to strikes, riots, earthquakes, floods, and cyclones.

Burglary And Robbery Cover

The policy covers the insured against financial losses due to theft or damage to the hearing aid due to robbery or a house break-in.

Accidental Damage Cover

The Hearing Aid Insurance plan covers accidental damages incurred to your hearing aid. However, the damage should have been occurred while the insured item was in your custody.

Breakdown Cover

Any expense on the repairs or replacement of your hearing aid due to mechanical or electrical breakdown caused accidentally by external means only is covered under the policy. The coverage offered however will be limited to maximum sum insured or the invoice value, whichever is lower.

What’s Not Covered Under Hearing Aid Insurance?

Items Older Than 30 Days

Once you purchase a hearing device, it must be insured within a period of 30 days.

Loss Or Damage Due To Normal Wear And Tear

Any damage which is caused to your hearing aid due to normal wear and tear, repair, restoration, maintenance is not covered under the policy.

Deductibles Applicable

10% of each claim raised has to be borne by the policyholder.

Loss Or Damage Caused Due To Mishandling

Any loss or damage to the insured item caused deliberately, is not covered under the plan. Also, damage occurred due to misuse of the item is also not covered under the policy.

 

Wilful Damage Caused to Insured Product

Loss or damage to the device due to mechanical or electrical derangement/breakdown unless occurred accidently due to external means is not covered under the policy.

How to Apply for Hearing Aid Insurance?

Applying for the Hearing Aid Insurance requires you to fill in the online application form and pay the premium using your preferred mode of payment. Here is the step-by-step process to complete the purchase.

Step 1: Click on ‘Apply Now’ button at the top left-hand corner on the page and fill in the online application form.

Step 2: Authenticate your application by entering the OTP received on your mobile number.

Step 1: Pay the premium of Rs. 399 via credit/debit card, UPI, mobile wallet, or any other available online payment mode.

How to Raise A Claim Under Hearing Aid Insurance?

Call on 1800-266-7780 (24-hour toll-free number) or 1800-22-9966 (dedicated number for senior citizens)

Write to customersupport@tataaig.com

Type ‘Claims’ and send to 5616181 as SMS

Documents Required To Lodge Claims

Invoice or Bill Copy

Duly filled Claim Form

Claim Intimation within 24 hrs

If Burglary or Theft – FIR is must

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Contact Us

For any queries or concerns relating to the policy, please get in touch with us by writing an email to pocketservices@bajajfinserv.in.

source - https://www.bajajfinserv.in/hearing-aid-insurance