Mobile insurance, iphone insurance, insurance

iPhone Insurance: What does iphone protection plan cover in India?

As per a recent report, the iPhone was one of the top-selling smartphones in the first half of 2020 in India. The manufacturer, Apple Inc. experienced approximately 78% year-on-year growth in the first quarter.

As per a recent report, the iPhone was one of the top-selling smartphones in the first half of 2020 in India. The manufacturer, Apple Inc. experienced approximately 78% year-on-year growth in the first quarter. 

However, despite this surge in demand, iPhones belong in the ultra-premium smartphone category, and as such, the cost of repairs or replacement can create a significant financial strain on users. To avoid such a situation, Individuals can consider opting for an iPhone protection plan.

The best coverage plans for iPhones come with the following benefits, making it ideal for an individual to look for these when selecting one – 

  • Accidental breakdown cover – 

Under a phone protection plan for Apple smartphones, individuals can avail compensation for repairs or replacement in case of any damage to their phone screen owing to unforeseen incidents such as theft, burglary or accidentally dropping the phone.

  • Substantial compensation – 

Users opting for an apple iPhone protection plan in India can avail coverage of up to 100% of the original invoice value of the phone before any discount or cashback is added to it. Besides this, they can also avail coverage for more than one instance of damage to their phone.

  • Security features – 

One of the main reasons for the popularity behind iPhones is that they come with a secure operating system which is crucial for monetary transactions, sending vital information, etc. However, while that reduces the risk of malware and virus maligning your phone and stealing essential data, it does not eliminate it completely. 

Consequently, a Mobile Screen Insurance Policy, provided under Pocket Insurance & Subscriptions offered by Bajaj Finserv, provides additional security features such as scream alarm, Anti-virus, and Anti-malware protection, remote detection and fraudulent website protection, and the likes. Such features will enable a user to use his/her phone without continually worrying about theft or fraudulent activities performed online.

Additionally, you can also consider opting for plans such as an identity assure insurance policy under which you can avail considerable financial coverage for expenses incurred due to identity theft in case of data compromise via any means, including data theft from your phone. 

  • Convenient premium payment

Individuals opting for an iPhone protection plan can choose to pay their premium online via any online payment method of their convenience. Such features will enable them to skip the waiting time and pay their premium without any hurdle.

Besides the phone screen, the charger is also one of the most crucial parts of your iPhone since it enables the device to run smoothly for a long time. For optimum result, one should always use the charger that comes with the phone, provided by a manufacturer. However, in case of damage, one should avoid using any other charger as it may cause damage to the battery. In such situations, you should consider repairing or replacing your original charger and availing compensation for the expenses incurred by opting for a mobile charger insurance policy.

  • Online application procedure 

Individuals can follow the simple steps given below to apply online for an apple iPhone protection plan – 

Step 1: Access the online application form from your insurance provider’s official website

Step 2: Fill in all essential information in the application form such as name, address, contact details, IMEI number, etc.

Step 3: Once you submit the application form, you will receive an OTP on your registered mobile number. Enter the OTP to verify your purchase.

Step 4: After authentication, select your preferred online payment mode to pay the premium, and complete the authentication procedure.

Beneficiaries can also quickly raise a claim under the iPhone protection plan by getting in touch with their insurance provider through phone call or by sending an email within 24 hours of the occurrence of covered damage.

Nevertheless, before applying for an Apple iPhone insurance plan, one should make sure to go through the terms and conditions set by the insurance company before opting for a plan. For instance, some financial service providers provide coverage in case of accidental damage only if the phone was with the beneficiary at the time of such damage. Doing so would ensure timely and hassle-free claim procedure for the policyholder.


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