Insurance is a way to protect you from bearing a financial loss. It enables you to take a risk and protect you from it, should you fail in it or bear any uncertain loss. A company or a person who provides insurance is known as the insurer, and the person who buys the insurance is known as the insured or the policyholder. Insurance can be purchased on assets and possession or any other valuable things, that you feel prestigious including your own life as well. The loss that you bear upon buying insurance is reducible, and the loss is not so substantial.
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In today’s time, people are ready to slurp to lakhs of rupees on their handsets. Mobile phones, similar to other valuable items, which has made mobile phones equivalent to an asset. And so as the value suggests, it has higher chances of being stolen.
As mobiles are simply gadgets; they are at a greater risk of software or hardware damages. These losses include dripping under water, damage caused by sudden fall, software corruption, etc. These issues may arise in your mobile phone at any given time, which may leave you stranded and also make a substantial hole in your pocket. Hence, it is advisable to get your phone insured too, thereby providing your phone from the damage or any theft which may be caused by the device.
The concept of mobile insurance is not even known to many users due to its uncommon use. However, this is the only time when even a Smartphone can be insured to avoid any collateral damage or even theft, as stealing is on the rise in recent times. Insurance is essential especially for the high-end Smartphones, which is more of a luxury, and are more prone to being stolen. There are some advantages of getting your mobile phone insured which are explained below.
Mobile insurance covers the technical faults, accidental; breakages and thefts that the mobile may suffer. Different insurance companies offer Mobile coverage, but every company has their own set of terms and conditions that are not a part of the insurance cover. Hence, it is always advised to read them very carefully beforehand. Below mentioned is the list of the Best Mobile Insurance companies in India, which offers aHandset or MobileInsurance:
Arrangements provided by GadgetCops will ensure your cell phone for a span of 2 years, while additionally accommodating repair and substitution of an assortment of electrical or mechanical deficiencies. They additionally give cashless administration as a piece of which the expenses of repair done at the repair focus will be borne by the organization and not the safeguarded.
In a world, where we are insuring lives as well, why not protect and ensure something is now a necessity and has more than any of the relevant documents that we may physically have. Choose from the wide range of Insurance companies and ensure to provide your mobile device.
This is what company claims
Mobile Assist is an insurance cover that protects your phone from any loss, damage or theft. They also have the facility of pick up and drop service from and at your doorstep for damage repairs. All you have to do is call them up on their given landline numbers. They offer plans based on the insurance amount that you are willing to pay for the device and the features that each device has to offer.
This is the same company, who provide Mi Protect Plus and Airtel Secure.
My Experience With One Assist
I filed a liquid damage claim for my device, they said it will take 5-7 days but that took more than 2 months, I keep following them but same answer that its on approval to insurance company i.e The New India Assurance, just for approval it took 70 days and then I complaint to consumer complaint site, then only they took action and process my claim.
But they sent me a physical damage product, when i game them there was no scratch but they sent me full body damage device. So I advice you to not buy any service from such company.
Conclusion
So, these were the 7 Best Mobile Insurance Companies that offer insurance for smartphones and other handsets. You can choose any of them, as all are equally reputed, and you can easily claim your money without worrying. Just be sure to read their terms and conditions properly, before you take any insurance for any goods or even for yourself. So, be insured and live secured.
This post was last modified on February 11, 2019 2:51 pm
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Hi Deepshikha, a very informative article. Although I do not have much experience with the above listed companies but yes got good experience with TIMES Global Insurance for my 2 claims of Macbook pro and iPhone 7 Plus, however you have not mentioned this name on list. I allways suggest to read terms and conditions before you go for mobile insurance.