The Top 10 Mobile Phone Insurance Companies in India
Looking to buy a new mobile phone in India? Make sure you protect your investment by getting mobile phone insurance to cover drops, spills and theft. When it comes to protecting your phone, you have two options: you can shell out hundreds of rupees every month on mobile phone insurance, or you can go without coverage and hope nothing goes wrong with your device.
1. ICICI Lombard
ICICI Lombard is one of the best mobile phone insurance companies in India. It provides two types of insurance: Comprehensive and Third Party Liability. Comprehensive coverage covers damage to your phone due to any cause other than a manufacturing defect, such as accidental damage, theft or water damage. Third Party Liability covers third party claims against you arising from accidents involving the use of your phone while it is not under your control, up to a limit of Rs. 1 lakhs per incident.
2. Apollo Munich
Apollo Munich is one of the top ten mobile phone insurance companies in India. Apollo Munich offers coverage for devices from a variety of brands and models, including Apple, Samsung, Sony Xperia, Microsoft Lumia and more.
3. Royal Sundaram
Royal Sundaram offers a variety of plans to suit your needs. They offer coverage for accidents, theft, and damages. Royal Sundaram also has a warranty plan that covers the cost to repair or replace your device if it is accidentally damaged by an electrical surge or water damage. You can also purchase an accidental death and injury policy for up to Rs. 1 lakh in case you are injured while using your device.
4. Bharti Axa
Bharti Axa is a company that offers personal and corporate insurance. They are based out of Mumbai, but offer their services all over the world. They have a wide variety of insurance plans to choose from, including travel insurance and mobile phone insurance. The plans vary in price depending on what you’re looking for and what your needs are. Bharti Axa also offers a 24/7 customer service line which can help with any inquiries or questions you might have about your plan.
5. Vaidya Seva Welfare Trust (VSWT)
Vaidya Seva Welfare Trust (VSWT) is a not-for-profit organisation that aims to provide effective, accessible, and affordable healthcare to all. VSWT offers a range of medical treatments including general medicine, surgery, and psychiatry. They also offer mobile phone insurance.
7. United India Insurance Company Ltd
United India Insurance Company Ltd provides mobile phone insurance for any make and model of a mobile phone. Not only is the policy incredibly affordable, but it also covers your phone against loss or theft, accidents, liquid damage, and other damages. And if you’re looking to upgrade your phone while still being covered by an existing policy with United India, they’ll transfer your coverage to your new device!
6. IDBI Federal
IDBI Federal is a leading Indian insurance company headquartered in Mumbai. It has been providing financial protection and risk management products to consumers since 1964.
*This mobile phone insurance plan includes theft and loss of your phone as well as software malfunction, water damage, and physical or liquid damage. The coverage amount is up to Rs. 2,000 with a maximum of two claims per year for the same type of damage.
8. Bajaj Allianz Life Insurance Company Ltd
Bajaj Allianz Life Insurance Company Ltd is one of the top mobile phone insurance providers in India. It provides cover for accidental and mechanical damage to the device, including water damage, theft, and natural disasters. This company also provides protection against loss of coverage (up to six months) and offers a full refund on premiums paid if you don’t make a claim during the policy period.
10. Max Life insurance
Max Life insurance is one of the oldest and best-known insurance companies in India. They provide life, health and general insurance solutions to customers all over the country. Unlike many other providers, they do not require a medical exam before issuing coverage to people who are living with HIV/AIDS. This is important because often people living with HIV/AIDS cannot get health coverage through any other company because of their pre-existing condition.
9. HDFC Ergo General Insurance Co Ltd
HDFC Ergo General Insurance Co Ltd is the best mobile phone insurance company in India. With HDFC Ergo General, you can get coverage for up to Rs. 5 lakhs on your phone and its contents with an annual policy premium of just Rs. 379. Plus, you can choose from a one-day or three-day repair option to get your phone repaired within 24 hours, no matter where you are!