Olocker

Positivity Businesses Private Limited or PBPL is a company incorporated under companies act 2013 and is having its registered office at Mumbai. PBPL owns and operate certain digital platforms, websites and mobile apps- www.olocker.in being one of them. Following are the detailed terms of use for websites and services from PBPL.

By using our services and /or visiting our website you are agreeing to be bound by the following terms and conditions. These conditions are subject to change from time to time.

Your continued use of our services means that you accept any new or modified terms and conditions that are introduced by us. Please re-visit the "Terms of Use" link at our website from time to time to stay abreast of any changes that we may introduce.

The Terms of Use along with the Privacy Policy extends to all users of services provided by the website.

DEFINITIONS

The term "user" means all those who are using services of O-Locker. The user can be :

Anyone who has become a subscribed user by coming to acquire a jewellery identified with a valid Certificate of Insurance
Anyone who has paid for O-Locker subscription by renewing and continue to hold the certificate of insurance
Anyone who has applied for solutions like unsecured personal loan and other financial products/instruments using our EASY EMI and/or any other platform owned by PBPL
Anyone who has created their profiles on our mobile APP or website to access our other services like jewellery portfolio, Retailer loyalty programs and 3^rd party merchant deals.

The term "website" means domain name- www.olocker.in as well as other mediums like mobile APPS owned and operated by Positivity Businesses Private Limited; used elsewhere in this "terms of use" document as us/we/our or as www.olocker.in/Olocker.in/PBPL.

The term "services" means all services which PBPL provides to users as a part of O-Locker subscription which the user can enjoy by accessing our website and/or mobile app.

The term "data" means all the information relating to the users and their respective products, financial assets, whereabouts and any other information as uploaded by them from time to time during the course of signing up for or using the services by olocker.

The term "registered channel partner" refers to the jewellery retailers or government approved certified valuers who have registered with the website.

The term "Certificate of Insurance or COI" means the document bearing a unique 16-digit alpha numeric code, generated using the website functionalities and contains details including but not limited to the information pertaining to:

The insured ornament
Detailed terms & conditions governing the insurance including exclusions and duties of insured.

The term "Subscribed user" refers to a user:

who has subscribed to O-locker by paying subscription charges either at the time of first ever time signing up or at the time of renewal of O-Locker subscription.
Subscribed user also includes the client of our registered channel partner for whom the subscription charges have been borne by registered channel partner.
This may also include few users who have been specifically given access to the features reserved for subscribed users despite not having a valid Certificate of insurance.

The term "normal user" refers to an individual who has registered himself on the website but has not paid subscription money either by himself or through a registered channel partner.

The term "Insurer" means THE NEW INDIA ASSURANCE CO. LTD & BAJAJ ALLIANZ GENERAL ASSURANCE CO LIMITED currently or any other private or public sector insurance company going ahead.

DESCRIPTION OF SERVICES

The website offers services to its normal and subscribed users. The subscribed users are entitled to additional benefits when compared with normal users.

Services available to all users (subscriber & normal):

Upload images and maintain records of their jewellery assets to their Olocker
Use the features of jewellery portfolio and stay abreast of current value of the same
Consume 3^rd party merchant deals available on O-Locker website
Apply for unsecured personal loan and other financial products from O-Locker and its partners using O-Locker tools

Additional benefits to subscriber users:

Insurance benefits for their jewellery having valid COI generated using website's functionalities
Access to CREATE WILL tool. Define beneficiary, store details of assets and liabilities, specify share of each beneficiary in each assets, define witness and executor.
Access to secured DOCUMENT LOCKER tool from O-Locker. Store all important documents, documents which are used frequently or documents which you wish to refer to later. May include your medical records, tax records, identity records, children education record. Practically everything digitised and secured. Additionally features of sharing the document via EMAIL from the tool itself.
Any future benefits which our website may provide for subscribed users exclusively.

METHOD OF REGISTRATION ON WEBSITE/APP

The user with a valid CERTIFICATE OF INSURANCE whether at the time of first registration or renewal will automatically be treated as a subscribed member and when he logs into the website, it will be driven by his registered mobile number.

The users who are normal users and who do not possess a valid CERTIFICATE OF REGISTRATION shall register by registering on portal and submit information needed by the website to create the profile.

TERMS & CONDITIONS

The insurance benefits made available as part of O-Locker subscription are governed by the terms and conditions of a separate agreement between the subscribed user and the insurer. The certificate of insurance contains major details of coverage, exclusion and what should a certificate holder do in case of claims. However, its recommended that the user acquaint themselves with all terms, conditions, coverage and exclusions by going through the TERMS OF COVERAGE given separately on website.

Following are the terms and conditions of all other services provided to its users by the website.

Terms governing other O-locker services:

www.olocker.in provides the services, under this agreement.

Every subscribed user who possesses jewellery identified with a valid Certificate of insurance is entitled to insurance benefits immediately on subscription. The coverage shall continue for a period of 365 days.
O-Locker has the rights to introduce new services for the better realisation of subscription charges paid by subscribed users from time to time. At the same time O-Locker reserves the rights to modify the availability of services to its subscribed and normal users. Any such or other changes in terms of use will be communicated to users via email. However, the users who do not provide us with their email id, will need to revisit these terms from time to time to keep themselves abreast of the changes.
Olocker.in reserves the right, in its sole discretion, to deny your access to this website and its services without notice for the following reasons:
- Immediately for any unauthorised access or use by you.
- Immediately, if you assign or transfer (or attempt the same) any rights granted to you under this agreement.
- Immediately, if you violate any of the other terms & conditions of this user agreement.

Terms governing the complimentary insurance coverage:

Olocker.in facilitates the insurance coverage for the jewellery of the subscribed user which is identifiable with a valid Certificate of insurance generated using our website's functionalities.

The insurance services are provided by the insurer to the subscriber. The insurance benefits are complimentary with subscription to Olocker and are governed by the terms and conditions of a separate agreement between the subscribed user and the insurer.

The terms and conditions of insurance coverage are available separately on our website for ease of subscribers under "TERMS OF COVERAGE" section. We strongly recommend you to go through the same before entering into the insurance contract.

Having gone through the terms and conditions/terms of coverage clause and having entered into contract with insurer you thereby agree and acknowledge that any claim for insurance will be raised on the insurer and payments will be claimed from insurer. Any loss/damage arising in course of such settlement or due to claim rejection is neither the responsibility of www.olocker.in nor it is of the registered channel partner who has paid the subscription on your behalf.

All brands, trademarks which are provided with leaflet and also with the product are not party to the present Insurance Policy, therefore, they cannot be hold responsible for any claim.

The Policy will be applicable only for jewellery which is identifiable with a valid Certificate of insurance generated using our website functionalities and which are:-

Acquired with a valid invoice
For the household jewellery whose value and ownership is established through a government approved valuer's valuation certificate.

Your insurance benefit is based on the information provided by you when you registered for the insurance.

The terms specified in section "terms of coverage" and your certificate of insurance should be read as one document.

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