March 4, 2021

Protect Your Smartphone with A Phone Insurance Policy

The number of smartphone users is increasing day by day, and the industry expects this increase to go up to 442 Million by 2022. The Indian smartphone industry is the second-largest manufacturer of the world. It has already sold around 134 Million handsets in the year 2017.

Equipped with the latest technology, these gadgets are designed to make your day-to-day chores fast and hassle-free. Smartphones are more than a communication device which can help you with several other jobs such as making payments, booking flights and stays for your trip, etc.

However, as costs of these devices are usually high, any repair or replacement due to damage incurs hefty charges posing a burden on your pocket. This is why several institutions in India provide with insurance policies for financial protection. To ease the application process, you can also purchase mobile insurance online on the official website of your insurance company.

It is imperative to select an appropriate plan for your handset as these insurance schemes come with a host of benefits. Consider the following plans and protect your smartphone with the best policy in the market.

Coverage provided by mobile insurance policies

You get to enjoy financial assistance for several damages occurred to different parts of your device, such as:

  1. Mobile screen

You can avail Pocket Insurance schemes like mobile screen insurance offered by Bajaj Finserv. These offer financial protection against damages caused to your mobile screen from any technical or electrical breakdown.

Additionally, such mobile screen insurance plans offer financial assistance for the repair and replacement against damages caused due to accidents, burglary or theft, fire, etc. Insurance plans to protect the best mobile screen in India also provide coverage for damages caused due to natural calamities and other perils.

  1. Mobile charger

For any damages caused to the charging port or the charger, you can avail schemes under the umbrella of Pocket Insurance plans like mobile charger insurance offered by Bajaj Finserv. Pay affordable premiums for a considerable sum assured. You get coverage for damages from fire, accidents, theft, mechanical and electrical breakdown, etc.

  1. External gadgets

People use additional devices such as wireless headphones, wireless Bluetooth, power bank, etc. for enhanced user experience. Any damage to such accessories can also strain your budget.

Thus, you can avail small gadgets insurance schemes to enjoy the necessary financial assistance. Simply pay a nominal premium of Rs. 399 per year against a sum assured of up to Rs. 10,000. You can claim financial protection for any damage to your devices due to accidents, fire, technical breakdown, natural calamities, etc.

In addition to the above, there are other necessary points to know about a mobile insurance policy.

Premium payment

You can pay your premiums using any of the online payment methods, such as:

  • Net banking
  • Mobile wallets
  • UPI
  • Account transfer
  • Credit/Debit card


To purchase a smartphone insurance plan, you need to fill up an online application form with your personal and financial details on the official website of your insurance company. Once you have filled up the form, make the payment towards your premiums using any preferred payment method.

On damage of the device ort its accessory, fill up the claim form with every required detail on the official website of your insurer. Alternatively, you can contact your insurance provider to lodge a claim. The contact details of your insurer will be available on the website or the insurance bond. Ensure to approach a reliable insurance provider who offers comprehensive coverage for your smartphone coupled with attractive add-on benefits.

Shubhi Gupta

Shubhi Gupta is a writer, who writes for a variety of online publications. She is also an acclaimed blogger outreach expert and content marketer. She loves writing blogs and promoting websites related to education, fashion, travel, health and technology sectors.

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