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What are the Benefits of SmartPhone Insurance?

Benefits of SmartPhone Insurance

According to a report, it is estimated that by 2022, the number of smartphone users in India will reach approximately 440 million. While smartphones continue to enjoy ever-growing popularity, they are delicate devices that need careful handling.

Several surveys conducted also point towards the increasing rate of smartphone damages. As per one survey, 4 out of 10 smartphone owners end up with damaged or broken mobile phone screens. A customised smartphone insurance plan for mobile screens thus offers complete protection against damage of these screens. 

Such insurance plans have also become the ideal choice of many users as they provide financial coverage against expenses incurred on screen repair. Insurance providers bring an option to buy mobile insurance online with ease. 

For instance, you can consider the Mobile Screen Insurance Policy offered by Bajaj Finserv under Pocket Insurance & Subscriptions is an insurance plan which financially covers damages caused against the most fragile component of your device, its screen.

Now, take a look at coverage benefits that these plans offer.

Benefits of a smartphone insurance policy

  • Coverage benefits of a high amount

Incidents like damage to your smartphone can cause severe monetary loss. Thus, taking a mobile protection plan can help you to recover the repair cost for your smartphone with a simplified claim procedure. The coverage benefits are high-valued, thus safeguarding substantial financial losses.

Customised plans like mobile screen insurance policy provide monetary coverage of up to Rs. 10,000 against a minimal premium payment.

  • Financial coverage of damage due to fire 

In the case of incidents like damage to the smartphone screen due to fire, repair costs can be huge. One can thus avail a phone insurance plan to avail reimbursement for such repairs. 

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Insurance providers also bring coverage policies like a mobile charger insurance plan that provides for the cost of repair or compensate for financial losses incurred due to permanent damage.

  • Financial coverage in the case of burglary

The screen of your smartphone can be damaged due to unforeseen events like robbery or burglary at your insured premises. To enjoy protection against financial losses under such circumstances, one can thus avail a customised smartphone insurance policy for mobile screen.

  • Coverage against breakdown

Customised insurance plans include coverage for any electrical breakdown of the smartphone’s screen while in use by the insured. In such a situation, one can avail monetary reimbursement for repairing the cost of the damaged screen.

  • 24×7 online help

Purchasing these insurance policies from credible insurers also comes with the benefit of customer support at any time of the day.

Availing plans like small gadget insurance policy along with customised smartphone coverage also safeguard against financial losses from accidental damage to small gadgets.

You can avail these plans by completing a simple online application process. Make sure to compare the insurance plans offered by various insurers to choose an ideal plan. When availing such plans, the best insurers also make premium payment convenient by offering various payment methods like net banking, debit card, credit card, UPI, etc.

How to avail mobile protection plan?

To apply for a smartphone insurance policy, follow the steps mentioned below.

  • Complete the online application form by filling in your basic details like your name, age, address, contact number, etc.
  • Authorise your purchase by entering the OTP (one time password) sent to your registered mobile number.
  • Avail the plan by making an online payment through your preferred method of payment.
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Now that you know the procedure to avail a policy for mobile protection, you can proceed to purchase your chosen plan. It is advisable to avail the best smartphone insurance policy to mitigate the risks of financial losses arising out of unavoidable circumstances.

Salman Ahmad
I am Salman Ahmad an Engineer by choice, Blogger, YouTuber, and an Entrepreneur by passion. I love technology in my day to day life and loves writing Tech Articles on Latest Technology, Cyber Security, Internet Security, SEO and Digital Marketing.


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