As per a recent report by Canalys, India’s smartphone market increased the shipment of devices by almost 8 per cent in the third quarter of 2020. These statistics are an indicator of the growing number of smartphone users in the country.

The price of these smartphones ranges from low to high, as per the specification. While these smartphones come with the best features, the replacement or repairing of the same can be highly expensive. 

In such a scenario, a mobile insurance policy can prove to be beneficial as it covers the cost of repairing any damage. 

Features of the best mobile screen insurance plan 

While several companies offer mobile screen insurance plans, choosing the best policy can be tricky. Therefore before purchasing such an insurance policy, individuals need to learn about the features that a reputed mobile insurance company offers under a mobile phone insurance plan. 

Following are some of the top features of such insurance policy in India that you should be aware of. 

Substantial financial coverage 

The screen is the most vulnerable part of the phone. Moreover, repairing or replacing the screen can be costly. Therefore, individuals need to avail mobile insurance policies in India that provide the maximum coverage.

For instance, Mobile Screen Insurance policy provided by Bajaj Finserv under Pocket Insurance & Subscriptions offer coverage of up to 100% of the invoice amount. Individuals can claim the insured sum if – 

  • The smartphone malfunctions because of any potential electrical or mechanical breakdown. 
  • In case the phone gets damaged due to an attempt of theft or burglary, as well as external causes like fire. 

Alternatively, one can also purchase a home protective cover to cover the cost of damaged household objects due to theft or burglary. 

Convenient premium payment 

The premium of online mobile insurance policy primarily depends on the smartphone one is using. Once the sum is calculated, insured individuals can pay the premium via credit /debit card, net banking or UPI. 

Hassle-free claim procedure 

Since a mobile insurance policy is required on an urgent basis, it is of utmost importance for the insurance company to be prompt with their claim procedure. Hence, if an applicant is looking to buy a mobile insurance policy, they must ensure that the insurer offers a quick online claim facility for their clients. 

One can also extend the policy coverage by clubbing additional plans with the primary option. With the constant push to digitalisation, online transactions are increasing rapidly. Thereby it is high time to protect one’s computer and laptop from malware or any cyber threats. 

One can purchase fraudulent charges cover to get financial assistance in case they are subjected to any identity theft or unauthorised transactions from their account. With such an insurance policy in place, individuals will be able to claim the amount that they have lost due to such incidents. These policies can save a lot of time during an emergency and eliminates the hassles of arranging the necessary finances. 

Nevertheless, before choosing phone insurance in India, check all the insurer-specific terms and conditions thoroughly to make an informed decision. With the rising usage of smartphones, it has become imperative for smartphone users to insure their phone with a feature-rich mobile insurance policy available in India. 


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