Cell phones these days are not just used for basic purposes like calling and messaging. With the advent of technology, cell phones have now become smartphones, equipped with a plethora of tech features. Any information, be it personal or professional, can be stored on smartphones. Everyday life has now become unimaginable without mobile phones. Owing to the importance of a smartphone to users, they are inclined to spend a substantial amount of money to purchase feature-rich devices. Further, numerous users are even purchasing mobile phone insurance policies to safeguard their investments financially.

Mobile phones are no less valuable than other items we possess. It can even be considered as an equivalent to an asset. Since we end up spending so much on buying and maintaining our phones, it goes without saying that the devices need to be handled carefully. Any damage to the phone or any part of it could lead to financial losses. To fix or repair the damage, you might have to incur a considerable amount. This is where mobile protection plan policies come into play. An insurance policy protects you from having to bear substantial monetary losses in case a belonging/valuable has been lost or damaged.

Policies of phone insurance India are of several types. You can find specified insurance policies, focusing on any one particular part or accessory of a mobile phone. For instance, the display screen of a smartphone is the most exposed to damage. Fixing the glass screen is an expensive affair too. As such, one can rely on the Mobile Screen Insurance Policy provided by Bajaj Finserv under its Pocket Insurance & Subscriptions.

Smartphone insurance policies not only provide compensation for device damage. It also extends compensation in case the insured device is stolen or lost. Before purchasing an insurance policy for the device, you must look for the best phone insurance in India offering maximum coverage and benefits.

Best features included in a mobile phone insurance policy

Availing an insurance plan for your smartphone is a wise investment, which must be chosen with equal inspection. Look for the following features in the policy before you buy a mobile insurance policy –

• Easy coverage terms –

Make sure to check the terms of coverage before you purchase an insurance policy. Refer to policies which offer the most comprehensive points of coverage.

• High coverage sum –

Compare the sum insured of different insurers, so that you can shortlist the one providing the maximum amount. Top insurance policies provide coverage of up to Rs.5,000.

• Affordability –

Affordability is an important factor to be considered while selecting an insurance policy for your phone. Considering the ratio of the sum insured with the premium payable for the policy to get an idea on the affordability.

Note that coverage terms mentioned in one insurance plan but not in another can be considered as exclusions specified under such policies.

Other than smartphones, another gadget which is much in use and highly popular these days are tablet devices. These devices have numerous functions and are baggage-friendly as well. However, these gadgets too come quite expensive. To save yourself from facing substantial financial losses due to the damage or loss to the gadget, you can also avail a handheld tablet devices insurance plan in advance.

Additional Read: 4 Smart Ways to Replace Broken Mobile Phone Screen

Individuals who have just purchased or planning to purchase a new smartphone can research about the advantages of mobile insurance online. You can also consider purchasing insurance policies specific to mobile accessories such as mobile charger insurance policies.

Consider these pointers to choose the most comprehensive mobile insurance policy. Refer to financers with high claim settlement ratios and positive customer reviews to avail the most beneficial coverage terms.