Insurance of your most precious thing. Your cellphone!
What do you need after food? Mobile. What if you lost it.. (Thou we know you keep it with you all the time) but by chance you it may get fall off from your pocket, or from your hand in the bucket of water?.. Oouch! So are we here to tell you about the benefits of insurance for your cellphone? A big NO to this 🙁
I wish I could do that but insurance for gadget in India is far more difficult and getting claim for that is far more, more… In a 1.25 billion and increasing population and 650 million mobile phones by 2019, don’t you think taht the process should be simplified?
More than 20 lakh mobile phones are stolen/lost every month! Since mobile phones are labelled as CRAVED (Concealable, Removable, Available, Valuable, Enjoyable and Disposable), these handsets are highly lucrative for thieves. Such is the benefit, that the second hand market for stolen mobile phones is estimated at around Rs.400 crores in India.
There are only 5 companies currently providing mobile insurance in India and hundreds of partners to work with.
New India Assurance,
National Insurance Company,
Oriental Insurance Company,
United India Insurance Company,
Royal Sundaram and
General Insurance.
We don’t want you to reach on this but you know, you have to follow up with atleast doing FIR, blocking SIM card within 48 hours and filing claim within the same time and many more things that will let you get only some percentage back and that is also after depreciation. For more 91mobiles explains everything in a great way!
So I believe companies should come up in the way like One Plus is handling the mobile Insurance task. Hope that this will normalize the procedure and will open up other companies innovators to think and step forward for the same kind of deals 🙂
