With the cost of cell phones soaring as high as Rs. 1,00,000 or more, they are no less worth than gold. Since cell phones are a must have gadget and an expensive investment at the same time, it is important that these are insured. The purpose of taking mobile phone insurance is to protect yourself from things that are not covered by the manufacturer’s warranty by paying affordable premiums each month based on the sum insured for your cover. With mobile insurance coverage, the insurance company pays all costs related to repair, replacements, theft or damage. On the other hand, the manufacturer warranty does not protect you from theft, but cell phone theft insurance would cover such a payment.
Why to buy Mobile Insurance
Mobile insurance in India is a relatively new concept and many users are unwilling to pay a few extra rupees for insurance without considering the immense benefits that insurance offers to save their money in the longer run. In general, most cell phones come with a one-year limited warranty on purchase, which generally covers hardware defects and manufacturing defects but not the accidental defects, damage caused by misuse or due to modifications. With a mobile insurance in place, the insurance company is liable for paying all the cost related to repair and replacements. It also provides protection against any theft or damages. With mobile insurance cover you also save yourself the trouble of having to carry out repairs.
Given the advancement of technology people should consider getting mobile insurance online as it would be beneficial for them in the long run, and it can easily be accessed without stepping out of your home. Moreover, buying mobile insurance online is fast and cost effective. With a cell phone of an average price between or above Rs. 25,000 and Rs. 35,000, it makes sense to get a mobile protection plan as it is better to be safe than sorry.
What features to considered before buying a Mobile Protection Plan?
There are several mobile insurance companies in India that offer a mobile protection plan, but it is important to note that your insurance cover should not just provide coverage against mobile damage but also screen damage. Also, there are a few insurance companies that offer additional benefits like free subscriptions and antivirus protection which is an essential added benefit keeping in mind the changing needs of the individuals.
One such insurance plan is the Bajaj Finserv’s Comprehensive Mobile Protection Plans which offers CPP MOBILE PROTECT and CPP FONESAFE LITE. These plans do not just cover for your mobile protection but can also provide several extra benefits like 1-year free subscription for Gaana Plus and Zee5. Additionally, you are also provided with an F-Secure antivirus and malware protection for 1 year. All major phone brands like Samsung, Apple iPhone, Xiaomi, OnePlus, Vivo and LG are covered for in this plan.
Important Mobile Insurance Checks
Before buying a mobile insurance plan you must ensure that your insurance cover should include the following points-
- It should cover for your phone brand (e.g., Samsung, Apple iPhone, Xiaomi, OnePlus, Vivo, LG)
- It should cover for the damage caused to the interior and the exterior components of the insured mobile device.
- It should cover for cracks on the display screen.
- It should cover for hardware problems such as a problem with the charging port, faulty headphone jack, or touch screen malfunction.
- It should provide coverage in case of theft of the insured mobile phone device. Also, remember with the replacement options offered by the insurer, downgrading to a lower model is not needed.
- It should cover for the damage being inflected on the insured device due to fire or strike, riot, and terrorist activity.
Keeping all of the above points in mind you can opt for phone insurance in India that keeps your phone safe, and your pocket secure in case of unwanted damage and repairs and other pocket insurance. One of the best suggested brand that covers for all the above mentioned points is the Bajaj Finserv’s Mobile Protection Plan which can be easily procured online from the company’s website.