Have a Safe Diwali with Firecracker Insurance

A celebrated festival in India, Diwali – also known as the festival of lights - is incomplete without firecrackers. Come Diwali and along with lighting of diyas and making of rangolis, firecrackers of different kinds are burst across India. While crackers do uplift the festive spirit, the chances of injury can’t be ruled out.

In fact, there are numerous incidents on Diwali night where people suffer minor and major injuries while lighting firecrackers. While an ounce of prevention is worth a pound of care, a firecracker insurance policy ensures you can provide the best treatment to your loved ones in case of a mishap. Let’s learn more about this unique policy.

What is a Firecracker Insurance Policy?

As the name suggests, a firecracker insurance policy gives you and your loved ones financial cover against injuries suffered while burning crackers. For instance, Firecracker Cover from Bajaj Finserv gives you coverage up to Rs.1 lakh at a nominal annual premium of Rs.542.

Importance of Firecracker Insurance

Read along to know about the importance of Firecracker Insurance.

• Gives funds to deal with a medical contingency

Injuries suffered due to firecrackers can be expensive to treat. A firecracker insurance policy gives you the financial aid to deal against such medical contingencies. New-age firecracker insurance policies such as the one offered by Bajaj Finserv also offers coverage up to Rs.1 lakh for partial permanent disability such as loss of sight or separation of arms and limbs.

• Covers hospitalisation expenses

Major injuries suffered due to firecrackers may warrant hospitalisation. A firecracker insurance policy bears the expenses incurred due to hospitalisation along with road ambulance charges. For example, the Firecracker Cover from Bajaj Finserv covers hospitalisation expenses up to Rs.2 lakh along with road ambulance charges up to Rs.25,000. Also, loss of income due to disability is covered up to Rs.1,000 per week.

• Preserve no claim bonus

Another major benefit of having a dedicated firecracker insurance policy is that it helps you preserve the no claim bonus of your health insurance policy. Also, your health insurance policy may not cover all the expenses and costs incurred for injuries suffered due to firecrackers.

Some policies might even completely deny coverage for such incidents. In such a scenario, tailor-made firecracker insurance policy is your best bet for high quality, affordable care.   

Applying for firecracker cover

Applying for a firecracker cover is a simple process. Most institutions offering this have taken the process online. For instance, if you wish to apply for Firecracker Cover offered by Bajaj Finserv, all you need to do is to fill out the application form and pay the applicable premium.

Before applying, it is important to know the exclusions of the policy to prevent surprises later. Going through the policy terms and conditions will help you make an informed choice. Thus, a firecracker insurance policy helps you celebrate the festival of light stress-free, offering you and your loved ones comprehensive protection. Happy Diwali!