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Diwali celebrations have become synonymous with fireworks. Without firecrackers, Diwali seems unimaginable. Fireworks do add a dash of pleasure and excitement to the Diwali festivities by lighting the sky. However, they are a cause of concern because of the numerous accidents, injuries, and losses caused due to the bursting of firecrackers on Diwali.
Given the extensive use of sparklers and fireworks, firecracker insurance has become important to protect people and property during the festive season. Let us explore firecracker insurance for the festive season in this post.
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Here are some examples of mishaps and accidents that can occur due to firecrackers, where you need firecracker insurance to save your soul:
To safeguard against all the above and other such instances, firecracker insurance becomes a prudent choice during festival celebrations.
Below are some examples of the kind of coverage offered under firecracker insurance:
A stray rocket enters your house during Diwali and causes a massive fire. Such incidents are common during Diwali and are likely to cause havoc in people’s lives. Firecracker insurance may save you in such a situation.
There are many instances of people hurting themselves during Diwali celebrations due to fireworks. For example, firecrackers cause accidents and damage the eyesight of people or cause burns and other injuries The expenses of the treatment for such cases can be incurred with firecracker insurance.
It is very common for vehicles to get damaged during Diwali by fire caused by firecrackers. For instance, a stray rocket hits your car and ignites a fire, causing damage. Your firecracker insurance can cover you against the same.
Permanent partial disability caused by a firecracker accident. If an incident of fire or injury during Diwali causes permanent or temporary disability, you can fall back on firecracker insurance.
Massive explosions that take place in buildings due to crackers or in firecracker factories can also be protected with firecracker insurance.
Emergency hospitalization of the elderly due to an asthma attack caused by firecracker pollution/smog can also be taken care of with firecracker insurance.
The process of applying for firecracker insurance is easy and hassle-free. Here are the steps to follow to purchase a firecracker insurance plan:
Below are the documents required to process firecracker insurance:
One of the popular firecracker insurance available in India is offered by Bajaj Finserv Insurance. You can avail of this insurance by paying a nominal price to protect yourself and your family against grave accidents during Diwali.
Below are some details of the Bajaj Finserv firecracker insurance policy:
Premium Price – INR 549
Coverage/Sum Assured – Up to INR 2 lakh
Areas of coverage – Severe burns, impact injuries, eye trauma, and more
Validity – 1 year
The table below details the firecracker insurance coverage for children and spouses under Bajaj Finserv firecracker insurance:
|Sum Assured (for policyholder)||Sum assured (for spouse)||
Sum assured (for children)
INR 2 lakh
|INR 2 lakh||
INR 2 lakh
|Permanent partial disability||
INR 2 lakh
|INR 1 lakh||
INR 1000 per week
To raise a claim against firecracker insurance, you are first expected to check if the particular claim being raised comes under the purview of the firecracker insurance. If it does, you are expected to inform the insurer and submit the reimbursement claim online or offline, along with the relevant documents.
You may also claim via:
Once the claim is raised, the accidental site (property) is inspected by a surveyor appointed by the insurer. If the incident comes under the purview of the insurance policy, the claim will be processed by the insurance company after the survey.
18 years to 70 years is the age group criteria to be eligible to buy a firecracker insurance policy in India. Firecracker insurance like Bajaj Finserv allows coverage to the insured and family members, including spouse and children. The validity period of the policy is one year.
The common firecracker insurance option available in India is offered by Bajaj Finserv and is a reasonably priced insurance plan. The premium of the policy is INR 549, which is nominal. The coverage offered under the policy is up to INR 2 lakh, and the plan stays valid for 1 year.
The premium of most insurance plans including the firecracker insurance can be compared with the help of a premium calculator.
There are certain safety tips to follow while bursting firecrackers during Diwali. Since firecrackers have become an integral part of festivities, parents and elders should be careful while permitting children to burst firecrackers.
Below are some safety measures for firecracker usage:
Festivals are times to enjoy and spread happiness. Incidents like injuries or accidents can dampen the spirit of the festival. Hence, ensuring safety during festive celebrations is pertinent. Firecracker insurance during Diwali can benefit a family by insuring them against damages and injuries and providing them peace of mind.
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