Looking for the Best Mobile Insurance In India?
Great! You have reached the right place; we are here to help you, make sure to read the article carefully to know the best mobile insurance company in India.
In today's technology-driven modern world, humans use mobile phones for personal and professional reasons. It is a single entity that has the functionalities of a telephone, a calculator, a compass, a calendar, a memo, and more.
With never-ending advancements in this technology, we have reached a stage where people buy highly expensive mobiles not because it is a necessity but as a luxury and a status indicator.
Due to frequent use, you may lose your mobile, break its screen, the charging port, or the camera lens. This is where a mobile insurance policy comes into play.
It may not cover all types of damage but still saves you a lot of money by paying off a part of the cost or the entire amount. Here is a compiled list of mobile insurance companies in India.
Here's Our Top Pick :
Top 10 Best Mobile Insurance In India With Buying Guide
Factors to consider when choosing mobile phone insurance
The endless number of possibilities of damage to a mobile phone gives rise to a variety of insurance policies by a huge variety of mobile insurance companies.
And in an attempt to find the best fit for yourself, it is quite possible to get confused and lost in the list of options available.
So, the main thing to look for in mobile insurance is if it can offer a prompt settlement of claims and low premiums. In India, we can find premiums ranging between 3,000 to 4,500 rupees depending on the market price of the smartphone.
Also, almost all smartphones come with a 1-year warranty that can be extended further with an additional amount.
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Top mobile insurance companies in India
1. Onsite Go Mobile Insurance
One of the best best mobile insurance company , This company is famous for providing insurance for various electronic devices including mobile phones, laptops, microwaves, air conditioners, and the like.
It covers damages to mobile phones anywhere in the world if, and only if, the mobile is bought in India.
It includes extended warranties, damage due to any liquid spilled on the device, or any display damage. This policy can be bought through online marketplaces like Amazon. You can buy the extended warranty from the Croma stores.
Around 48 hours after the purchase is made, the activation link will be shared via email. The next step is to upload the invoice so that they can confirm the activation, which must be done within 30 days after the purchase.
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The best thing about this insurance is that the company will reimburse the entire cost of repair in case they fail to pick up and drop the mobile for repair.
2. One Assist Mobile Insurance
As their name suggests, One Assist offers policies that will protect your smartphone against any breakage and damage along with the extended warranty.
The best part is their doorstep pickup of your device for repairs. You may also get a 100% cashless repair. Protection against thefts is not a part of all their plans.
This one covers all the accidental damages, broken screens, cracks, damage due to spillage and also covers the extended warranties as per your plan.
The basic protection plan can be activated through the OneAssist Application or the online web page. Just feed in the voucher details as asked and submit the request.
You will receive an SMS once approved and the policy will start from the day of activation. This protection plan is valid for a whole year and is applicable for devices that are purchased just 7 days before the date of activation of the policy.
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The entire experience is hassle free and user friendly. It also provides free door pickup-and-drop service in situations of repair. They are also available 24x7 to provide assistance, enabling SIM blocking in just a call.
3. Acko Mobile Insurance
This mobile insurance provides a protection plan only for handsets that are purchased from Amazon.
You may buy this policy along with the mobile phone from Amazon, as it is not available for stand-alone purchase.
Also, this protection does not apply to second-hand devices or refurbished ones. It has best mobile insurance plan for millennials.
Unlike any other mobile insurance available in the market, this one also provides basic protection against accidental liquid spills and damage due to breakage of screen or display, any other part, along with the in-warranty repairs that come with it.
Here's what this company does not cover in any of their plans—theft or loss damages, damage due to wear and tear, damage to accessories, or damages that are reported after 7 days.
This policy comes with the smart activation feature. That is, they are paired with the mobile phones already on platforms like Amazon and come pre-activated on delivery.
Alternatively, you can simply just log into their web portal and register the desired plan with the mobile phone number.
The company also handles the case if you need to return a damaged product to Amazon. The plan can then be transferred to the new handset.
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As it comes bundled with the mobile, there are no additional costs to be paid.
4. Airtel Secure Mobile Insurance
This protection plan by Airtel is available only for its postpaid subscribers on all Android and iOS smartphones.
The plan can work on all handsets that are less than one year of age from the date of purchase or the invoice date.
In case a person decides to switch from a postpaid to a prepaid plan, their protection policy will lapse.
Unlike the plans we have seen until now, this one only covers accidental and liquid spill damages and does not include the extended warranty. Currently on of the best mobile insurance in India.
All of these Airtel plans can be activated through the MyAirtel App and following the instructions that follow. The duration of this plan is one year, and the user can raise a maximum of one claim during this duration.
The benefits will start only after the monthly recharge. The user has the provision to cancel the subscription anytime via a call.
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One interesting benefit is that is provides a contact backup of the contacts saved on your mobile. Other than this, it provides anti-theft security, blocking spam calls and messages, and web and anti-malware protection.
5. Flipkart Complete Mobile Protection (CMP) Insurance Plan
For this one, Flipkart has come up with policies in association with Bajaj Allianz for all the smartphones that people purchase through Flipkart.
This is a great way for people who purchase their mobiles online to get insurance, as the insurance comes with it hassle-free.
Now this one, again, covers the same damages due to liquid spills and accidental screen or display breakage.
But it has one new interesting category of risks covered, that is, the hardware or the software glitches a smartphone might experience.
The activation plan for this policy cannot be any simpler. It is basically activated on delivery of the mobile phone and is valid for one year from the date of purchase.
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The benefit is 24x7 hours of assistance along with a pickup and drop facility. But the major attraction is the 10-day repair guarantee. In case they fail to deliver the service as promised, you will receive gift vouchers worth 500 rupees from Flipkart.
6. Warranty Bazaar Mobile Insurance
This one right here has launched only two plans in the market. The first plan offered by the Warranty Bazaar is for accidental damage while the other one shields against warranty issues.
The time period for the shield plan can be 1, 2, or 3 years depending on the need, whereas the accidental damage plan is valid for only a year.
As mentioned before, the two plans cover risks against damages to screen or display along with liquid spill damages, and the other type is the warranty shield.
The company will contact you via email and provide all the instructions for activation. The plan must be activated within seven days from the date of purchase or else it will expire.
The warranty plan can be bought within 6 months and the accidental plan within 30 days from the purchase date.
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The benefits make this one a great choice. It offers doorstep services as well. It also allows unlimited repairs up to its invoice value.
It provides a Qutrust health checkup application free of cost. It also provides one lakh rupees' worth group accidental death cover for the first year. All these benefits are unparalleled and unique.
7. Syska Gadget Secure Mobile Insurance
Among the many services like repair, antivirus protection, device blocking and tracking, Syska Gadget Secure also provides insurance plans for mobile phones.
These plans are designed to provide protection against various types of damage that may occur to your mobile during day-to-day usage.
Syska gadget secure provides damage insurance and theft insurance only to newly-bought mobile phones or smartphones.
The overall gadget insurance policy covers damage due to fire and its allied causes and any accidental damage to the physical body of the mobile, One of the best company for gadget insurance india
It also covers the costs in case of any theft or burglary, along with protection against damages due to liquid spills. All these together make up the entire package deal, in the name of gadget insurance, for new phones.
Now to avail this insurance, it is important to purchase the Syska Gadget insurance kit and register it on the web portal within 48 hours of mobile purchase.
In case you are wondering where to get it from, it is available on Amazon. The policy will be effective 24 hours after the purchase and will be valid for one whole year after that.
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This is a package deal with many benefits. The first one is the free Antivirus support for a full 12-month duration. Then you also get a free download of 3000+ movies anytime.
It also includes a free collection of 100+ Android games, music downloads, live TV, and many magazines that you can avail of at any time during the 1-year period.
8. SyncNscan Mobile Insurance
SyncNscan, in association with its well-known insurance partner company, IFFCO Tokio General Insurance, provides a secure cloud-based, anti-theft security software and mobile insurance services to mobile phone buyers.
SyncNscan software is fairly compatible with 2.2, 2.3, 4 and higher versions of Android, IOS 4 and Windows 8.1 or above operating systems.
It requires an active GPRS, 3G or Wi-Fi connection for optimal functioning. There are exactly 3 risk factors covered in this mobile insurance plan. The first one is accidental damage protection.
The two other risks covered are liquid damage to the mobile device, and theft by violent means. These 3 risks are covered in the plan by SyncNscan.
This insurance is available online on the company’s official website and also on third-party seller marketplaces like Amazon, Shopclues, Snapdeal, and other popular ecommerce websites.
The plan needs to be activated within 15 days from the date of purchase. The buyer gets the plan details along with the mobile device upon purchase, containing instructions for activation.
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There are many other benefits included with the SyncNscan Mobile Insurance plan. The user can track and also delete viruses and other harmful spam items through the Spam Guard Software feature offered by SyncNscan.
Another additional feature is that the user can remotely access the phone in case they lose the phone in an accident or theft.
9. Times Global Mobile Insurance
A completely cloud-based and truly global platform, Times Global provides mobile, laptop, and appliance insurance with coverage in many countries like India, the United States of America, Australia, Europe, and the United Kingdom.
It is unique in that it offers protection plans for both new and used mobile handsets, thus attracting more users.
The company is the only insurer that offers long-term plans for 1, 2 and 3 years, depending on the price and other specifications of the mobile phone in consideration.
The plan covers many risks factors that an everyday mobile phone user can relate to. Accidental Damage and Liquid Damage are two very important and basic types of damage covered by the insurer.
The insurer also covers screen damage (for example, cracked screen), theft of mobile phone in India, and software malfunctioning.
The buyer also gets covered in case the mobile phone’s camera gets broken or the phone is completely broken down.
To buy the plan, the buyer must go to the official website of Times Global, where it is available for purchase exclusively.
The activation process is fairly simple and short. The user needs to send the invoice copy and one photograph of the purchased smartphone displaying the IMEI number to the customer support centre.
Once the verification is completed, the company sends a link to activate the protection and insurance plan to the buyer.
Mobile Price Year
Year 1 Year 2 Year 3
20,000 - 80,000 Rs. 6,270 Rs. 9,800 Rs. 12,840
10,000 - 20,000 Rs. 2,280 Rs. 4,320 Rs. 5,580
3,000 - 10,000 Rs. 2,460 Rs. 3,750 Rs. 4,500
The above pricing is for all non-IOS mobile users. However, for an iPhone user, the pricing of mobile insurance will start from Rs. 3,720 for Year 1 and goes up to Rs. 22,910 for a long-term 3-year plan. The price also depends on the variant of the iPhone.
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There are plenty of other benefits included with the Times Global Mobile protection service. A few are listed here. The buyer is entitled to 50% cashback of the third-year premium amount as a no-claim bonus, in case of no claims by the buyer of the policy.
A 25% cashback of the second-year premium amount as a no-claim bonus is also applicable with this policy.
The company also provides the buyer with a free app to recover information stored on the device and the user can even use the app to locate the device in case of theft or accident.
Also Read : Best Mobile Under 15000 , Best Phones under 30,000 and Best Mobile under 20,000
Benefits of getting mobile insurance in India
When it comes to buying mobile phone insurance in India, people are still very skeptical. But if you need a definite answer, these pointers will help you realize the benefits of mobile insurance in India.
- The most important benefit is that it saves you from bearing the high costs of repairing or replacing that come very frequently.
- It provides protection against thefts or losses, so you don’t have to worry about losing your pricey mobile in case someone steals it.
- It allows you to enjoy without downgrading or compromising on the quality of your phone as not everyone can afford to buy a new phone every time the old one cracks.
- Lastly, it saves your time and takes away your worries about having to run around to get your phone fixed.
Conclusion
Instead of rushing and buying any mobile insurance out of the pool, it is advisable to look for the IRDAI (Insurance Regulatory and Development Authority of India) license.
The companies not verified by the regulatory bodies of India pose a threat of theft and you could also lose your premium.
It is better to carefully read their documents and look for necessary details such as “Exclusions”, which refer to the circumstances in which the insurer will not pay for your repair or replacement.
Ignoring them could result in a loss as, sometimes, these exclusions render a policy not useful at all as it excludes almost every possible damage.
Getting insurance is, finally, a personal choice. It is better to opt for a verified policy in case of an expensive purchase. And, if you choose to get insurance, make sure to make the right choice of the insurance company.
I hope you liked our article on Best Mobile Insurance In India, and it must have solved your queries such as best mobile insurance company in India, mobile protection plans
if you have any comments or suggestions do share them in the comments below.
Frequently Asked Question
Q1. Can I get mobile insurance for a second-hand phone?
Most companies do not provide insurance for second-hand or refurbished mobile phones. They may also not insure mobiles bought from a less reputable website or brand.
But, at the same time, there might be a company that will provide insurance for a second-hand phone. But it is important to read the fine print carefully and look at exactly what the company is offering.
Q2. Does mobile phone insurance cover me abroad?
Yes, some companies provide insurance that covers costs all across the globe. But there is one mandatory condition—that mobile phones must be bought in India only.
One such example of a company is Onsite Go Mobile Insurance. Still, the majority of the companies do not provide this service.
Q3. Is mobile phone insurance worth it?
Yes, definitely when chosen and planned carefully, a policy is worth every penny and helps the user. But at times, when the customer rushes into it without carefully examining the policy, he or she might end up losing.
So, it is safe to say that these kinds of policies require careful introspection and right decision making.
Q4. My gadget is still under warranty–do I still need insurance?
Yes and No. Yes, because while your smartphone is under warranty, it might not cover damage due to spills or breakage of display and may require insurance. And No, because under warranty, you will not require another warranty shield plan until it’s over.
So, depending on your need and the type of warranty plan you already have you can decide on what protection plan you need.
Q5. Can I get phone insurance after purchase?
Yes. Even though many big companies such as Amazon and Flipkart bundle their insurance plan with the mobile phone, some companies still provide, approximately, a 30-day window after you have bought a mobile to get an insurance as well.
Some companies set the limit at just 7 days after the purchase while some extend to up to 6 months. So, this varies from one company to another.
