Since its inception in 2013, OnePlus has steadily grown to be the top brand in the premium smartphone segment (>Rs.30,000) in India. In 2019, the company was the first-ever premium smartphone brand in India to cross the 20-lakh mark for shipments, clocking a YoY growth rate of 28%. 

Since the brand’s smartphones all cost over Rs.30,000, its repair expenses also come to be a substantial financial strain. Therefore, as a result of its growing fanfare in India, there’s also been a spike in the number of individuals purchasing Bajaj OnePlus insurance plans. Such a plan provides significant financial relief to the insured. 

How can an OnePlus protection plan help you?

Here’s how you can benefit from an insurance policy for your OnePlus device –

• High sum insured

One of the significant benefits of a OnePlus mobile insurance plan is that it comes with a high sum insured. That is the maximum amount you can claim for reimbursement during the period for which such policy is in effect. 

Since a mobile’s screen is one of the most sensitive and damage-prone parts, Bajaj Finserv also brings specific Pocket Insurance & Subscriptions such as Mobile Screen Insurance plan, which comes with a substantial sum insured of up to Rs.10,000. 

Such an amount can cover the costs of display repair and replacement adequately. What’s more, a OnePlus phone insurance policy comes at an affordable premium.

• Financial coverage against accidental damages

A critical advantage of a OnePlus accidental damage protection plan is that you can avail financial coverage against damages to your device caused accidentally. This feature is not covered under the default warranty of OnePlus since it only provides reparations for manufacturing irregularity. 

Similarly, a manufacturer’s warranty also does not cover your OnePlus charger for accidental damages. Therefore, you can purchase a mobile charger insurance policy to avail reimbursement for repair or replacement costs due to accidental damage. 

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• Protection against mechanical and electronic breakdown

Even though OnePlus uses cutting-edge, state-of-the-art technology in all its smartphone models, it might still suffer a mechanical and electronic breakdown due to overheating or any other cause. In that case, a OnePlus damage protection plan can provide financial coverage against replacement and repair cost of your smartphone. 

• Coverage against fire and other special instances

Most premium OnePlus insurance plans also cover costs of replacement in case your smartphone sustains damage due to fire, explosion, or lightning. Moreover, you can also avail financial protection against causes like floods, earthquakes, strikes, riots, etc. via an OnePlus insurance plan. 

If you possess a tablet, you can also insure it against similar damages by purchasing a tablet device insurance policy. 

• Financial protection against burglary and robbery

You can also claim reimbursement against your OnePlus screen insurance plan for events relating to burglary or robbery, where your phone sustains any damage. Such reimbursement, however, is subject to burglary and robbery attempts or acts that take place within insured premises, which shall be mentioned in the Certificate of Insurance. Therefore, ensure to vet that document thoroughly. 

• Extensive protection compared to extended warranty

A mobile insurance plan provides far more extensive coverage compared to a manufacturer’s warranty – standard or extended. With a warranty, you only receive free of cost replacement and repair for malfunctions and manufacturing defects. 

However, as discussed above, with an insurance plan, you can avail reimbursement against a host of factors like accidental damage, fire, and burglary. 

Apart from that, you can raise claims against your OnePlus insurance policy simply by calling the toll-free number of your financial service provider or sending a mail to their designated email address. You only need to submit a few documents to substantiate your claim and follow that you shall receive the reimbursement.