Despite being one of the most important aspects of today’s life, smartphones are extremely vulnerable to external damages even as trivial as accidental fall or liquid spill. Repairing these devices can incur severe financial loss because of their expensive spares and complex design.
As an alternative, one can avail insurance schemes like mobile screen insurance plan along with their phone purchase. This way, you can get financial assistance to pay for replacement or repairs in case of damages to your smartphone.
These tailor-made insurance policies cover you from financial losses due to breakdown and damage of your smartphone screen. It also offers coverage against mechanical or electrical breakdown, fire, burglary or any other accidental damages. You can apply for a mobile screen insurance and secure your smartphone for peace of mind during your daily use.
What does mobile screen insurance cover?
- Financial cover against damages caused fire and other perils
Any harm to your smartphone screen and other components due to an explosion, lightning, fire are all included under this insurance policy. A policyholder is also allowed to claim coverage against damage and destruction from riots, strikes and natural calamities such as earthquakes, cyclones, floods, etc.
However, if damages occur to mobile accessories like chargers, that will be covered under separate mobile charger insurance policy. The policy offered by Bajaj Finserv under their Pocket Insurance category offers financial protection from:
- Breakdown, fire and theft
- Accidental damage or loss
- Burglary/robbery cover
If your smartphone’s screen is damaged from burglary or robbery within your insured premises – you can receive reimbursement against financial losses witnessed while repairing that device.
- Accidental damage cover
Mobile insurance scheme provides coverage against repair and replacement costs incurred from unintentional damage to your mobile screen and other components. However, the smartphone must be in one’s custody at the time of the accident for availing the benefits of this coverage.
The same terms and conditions go for fitness wearables as well. These small gadgets are a vital part of one’s daily lifestyle as they monitor one’s heart rate, blood pressure, calories burnt, sleep quality and much more.
Although these do not cost as high as your smartphone, yet they are expensive nonetheless and are not easily replaceable. Hence, with a fitness wearables insurance,, you can safeguard yourself against any monetary loss incurred if the wearable is damaged.
- Breakdown coverage
One can also receive coverage for repair or replacement costs arising from unexpected mechanical/electrical breakdown of your mobile screen – provided the device was being used by the policyholder at the time of damage.
This coverage is as per the value (mentioned in the invoice) or up to the maximum sum insured amount.
Benefits of taking mobile screen insurance
- Hefty sum insured
Receive coverage up to Rs. 100000 at just Rs. 499 per year
- Multiple premium payment options
With a host of online payment options available, a policyholder can conveniently pay the premium from the comfort of his/her home. You can make the payments online through mobile wallets, debit/credit cards, net banking, UPI, etc.
Application procedure
To apply for a mobile screen insurance policy, follow these steps –
Step 1: Submit the online application on your insurer’s website
Step 2: Pay the chosen premium using any online payment method
Step 3: Wait for the confirmation. Next, you will be redirected to a page where you can register your mobile to your insurer.
How to claim?
You need to inform the insurance company within 24 hours of phone screen damage to reap the benefits of the insurance policy. You can contact through the toll-free number, email ID or from customer service website.
Along with this, keep these documents at hand to furnish them at the time of claim:
- Invoice of the handset
- A copy of the duly filled claim form
- FIR copy in case of theft or burglary
Mobile insurance policies is a necessary part of today’s busy life, as it offers the much-needed peace of mind for one of the most valuable tools of modern life.
