Is Mobile Insurance For Samsung Phones Worth Buying?

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Samsung is expected to generate $1 billion in revenue in November 2019, holding approximately 21.81% of the market share. With high-end Samsung phones gaining widespread popularity across the subcontinent, along with increasing awareness about various insurance products, a subsequent rise in Samsung mobile insurance in India has been witnessed in the market. Such insurance plans aim to mitigate the financial burden of repair costs in the event of any damage to the cell phone.

Benefits of Samsung mobile protection plan –

Comprehensive coverage for the smartphone’s display is extended by numerous financial institutions under the following situations –

  • Accidental damage

Mobile screen is one of the most delicate parts of a smartphone, prone to substantial damage if not handled with care. Repairing the same can cause a significant financial setback, as it can amount to up to one-third of the purchase price.

To obtain coverage in case of such damages, Mobile Screen Insurance policy is extended by Bajaj Finserv under Pocket Insurance & Subscriptions. Claims can be made if the mobile screen damage is caused due to the following situations –

  • Theft

With affordable premium charges, individuals can also avail a comprehensive Samsung mobile insurance online, which provides compensation in case of damage to the display owing to theft. Reimbursement up to the sum insured can be received in such events, provided a legitimate FIR is submitted to back up the claim.

  • Fire and other perils

Samsung phone insurance plans financially cover damages to the display caused due to the following –

  • Fire.

  • Explosion/implosion.

  • Riots/strikes.

  • Natural calamities (Flood, earthquake, cyclone, etc.)

Claims against repairs can be settled in two ways – cashless transfer of funds or reimbursement. The cashless facility reduces the hassles of third party involvement of the claim process, while reimbursement of funds covers a variety of expenses incurred in the repairs.

  • Technical malfunction

Insurance companies extend coverage to insured if electrical or mechanical malfunctions damage the display. Samsung mobile insurance plans help pay for replacement or repair, as it is not covered under the standard warranty policy of a phone.

Such widespread coverage makes it attractive for users to avail of Samsung mobile insurance in India. Also, individuals can obtain a mobile charger insurance plan simultaneously, as charging cables of high-end phones are expensive as well as delicate. As a charger is the most crucial gadget accessory, any damage to the same can affect the usage of smartphones. Securing funds to finance such damages can be done at nominal premiums through charger insurance cover.

Individuals owning expensive wireless headphones, paired with their smartphone, are also prone to damage easily. Claims can be made to finance breakdown or accidental damage of the same under wireless headphones insurance policy, up to the sum insured. However, such products need to be insured within the first 30 days of purchase to obtain a valid insurance policy.

Given such widespread coverage benefits, along with securing vital accessories, Samsung mobile insurance comes with all-round financial coverage for individuals.

You can avail such Samsung mobile insurance online, in the following steps –

Step 1 – Choose an ideal insurance company based on the policy period and premium payable.

Step 2 – Enter KYC details, along with information on the gadget, such as IMEI number and date of purchase.

Step 3 – Pay the premium via multiple payment methods (credit card, debit card, net banking, UPI, etc.)

Samsung mobile insurance in India comes with extensive benefits, along with a hassle-free and quick activation policy. It comes with attractive premium charges as well, making the policy appealing for all Samsung phone users in the country.

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