Continuing my series on the lesser-known perks of ICICI Emeralde Private Metal (EPM).
Last time I covered the ₹3 Cr Air Accident Cover.✈️
Today I'll cover a benefit that sounds simple but has some fine print you really need to know -
Purchase Protection! 🛒
Last time I covered the ₹3 Cr Air Accident Cover.✈️
Today I'll cover a benefit that sounds simple but has some fine print you really need to know -
Purchase Protection! 🛒
EPM gives you ₹1.4L Purchase Protection.
If something you bought on the card is lost in a fire or burglary, the insurer (ICICI Lombard) can reimburse you.
If something you bought on the card is lost in a fire or burglary, the insurer (ICICI Lombard) can reimburse you.
Here’s the key detail - it says burglary, not general theft.
1⃣Burglary = unlawful entry into a secure place (your house/office/shop).
2⃣Theft outside (phone snatched at a cafe, bag stolen in the metro) is not covered.
1⃣Burglary = unlawful entry into a secure place (your house/office/shop).
2⃣Theft outside (phone snatched at a cafe, bag stolen in the metro) is not covered.
How it works!
1⃣Item must be bought fully on EPM (invoice + card statement).
2⃣Only primary cardholder is covered.
3⃣You need to file an FIR and submit it with the claim form.
Card must be active (used in the last 60 days).
1⃣Item must be bought fully on EPM (invoice + card statement).
2⃣Only primary cardholder is covered.
3⃣You need to file an FIR and submit it with the claim form.
Card must be active (used in the last 60 days).
Why it matters!
1⃣If you’re buying high-ticket electronics (phones, laptops), EPM can give you a safety net.
2⃣But don’t confuse this with gadget insurance as it does not cover items if it’s snatched or dropped.
If you want full cover, you still need a standalone gadget policy.
1⃣If you’re buying high-ticket electronics (phones, laptops), EPM can give you a safety net.
2⃣But don’t confuse this with gadget insurance as it does not cover items if it’s snatched or dropped.
If you want full cover, you still need a standalone gadget policy.
So yeah, Purchase Protection on EPM is nice to have, but very narrow in scope.
Think of it as a “fire & burglary buffer,” not a full safety net.
If you like my series, do like & share my content!😀
Think of it as a “fire & burglary buffer,” not a full safety net.
If you like my series, do like & share my content!😀
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