Mobile Phone Insurance in India – Everything You Should Know.
Smartphones are now costlier in India. A damaged screen, water damage, or a simple accident, where it’s dropped, may cost thousands of rupees to fix. That’s why users are increasingly asking? Is the mobile phone insurance in India really worth the cost?
In this guide, we will introduce you to mobile phone insurance in simple terminology, including what is covered, what costs, how a claim is made, and finally, whether you should purchase one or not.
Definition of Mobile Phone Insurance
“Mobile phone insurance refers to a protection program that safeguards your mobile phone against unexpected damages and loss.
Some cases that may be categorized under unexpected damages and loss may include:”
- Screen break
- Accidental damage
- Liquid or Water Damage
- Theft (in some plans)
- Hardware failure (limited cases)
Instead of paying for the repairs, you will only pay a premium and your item will be repaired or replaced at a cheaper price.
What Does Mobile Phone Insurance Cover in India?
Benefits Coverages depend on the carrier; however, these benefits are included within most insurance plans
✅ Included
- Unintentional screen breaks
- Liquid or Water Damage
- Physical damage due to drops
- Theft (With FIR, In Premium Plans)
❌ Not Covered
- Normal wear & tear
- Intentional damage
- Accessories (charger, earphones)
- The extent of the damage before the activation
- Cosmetic scratches
Always read the policy terms before buying.
How Much Does Mobile Phone Insurance Cost in India?
The cost usually depends on your phone’s price.
Insurance Cost (Approx.)
Phone Price
- ₹10,000 – ₹15,000= ₹700 – ₹1,200/year
- ₹20,000 – ₹30,000= ₹1,500 – ₹2,500/year
- ₹50,000+ = ₹3,000 – ₹6,000/year
Expensive phones benefit more from insurance.
What does it include:
- Covers accidental damage ❌ No ✅ Yes
- Covers liquid damage ❌ No ✅ Yes
- Covers theft ❌ No ✅ Some plans
Is Mobile Phone Insurance Worth It in India
✔ Yes, if:
- Your phone is expensive
- You’re accident-prone 😄
- You travel a lotYou have kids at home
- Repair costs are high
❌ No, if:
- Your phone is budget-friendly
- You handle your phone carefully
- Repair cost is manageable
For flagship phones, insurance usually makes sense.
How Does Mobile Phone Insurance Claim Work?
The claim process is mostly online:
- Report damage via app/website
- Upload photos or documents
- Get approval
- Repair or replacement arranged
- Pay small deductible (if applicable)
Most claims are processed within 3–7 working days.
Things to Check Before Buying Phone Insurance
- Claim process simplicity
- Deductible amount
- Number of claims allowed
- Coverage details
- Repair partner network
- Reviews & trust rating
- Never buy blindly — compare first.
IRDAI – India’s Insurance Authority (OFFICIAL)- https://irdai.gov.in/
Common Myths About Mobile Phone Insurance
❌ “Insurance is a waste of money”
✔ Not true for costly phones
❌ “Warranty covers everything”
✔ Warranty does NOT cover accidental damage
❌ “Claims are always rejected”
✔ Claims work if terms are followed
FAQs
Q1: Is mobile phone insurance compulsory in India? No, it is completely optional.
Q2: Can I buy insurance after buying my phone? Yes, usually within 7–30 days.
Q3: Does phone insurance cover theft? Only specific plans do, with FIR required.
Q4: Is insurance available for iPhones in India? Yes, many providers offer iPhone insurance.
Disclaimer: The information provided in this post is based on publicly available sources official websites and our own opinions. While we strive to keep it accurate and up to date, readers are encouraged to cross-verify details as updates or changes may occur over time.
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