There are many Best Mobile Phone Insurance companies in India and we have provided a list of top rated and best ones for 2017. The Procedure of Insurance for Mobile Phone in India is Pretty complicated. Mobile Phone Insurance is one of the fastest growing trends in India. Most of the Indian public has very low knowledge regarding the insurance on Mobile devices. With this article, we will cover every aspect regarding a Mobile Insurance, Which companies are offering the best Insurance coverage, What is the Online procedure to take the Insurance etc. Also see Best Life Insurance Policies and Life Insurance Companies in India for 2017.
Insurance Cover for Mobile Phone
Most of the Companies are offering the following Insurance covers on a mobile phone. If you have lost your phone for any of the below listed reasons, you can claim the Insurance amount.
- Any Physical Damage like Broken Screen etc
- Damage caused due to spilling of liquids like water etc
- Any Virus attack
- Phone stolen
Frankly speaking, the Insurance cover changes from one company to the other. Most companies offer the above services as a standard.
Best Mobile Insurance Companies in India 2017
There are tens of companies in India offering Insurance cover for Mobile Devices. Below, we have given a ranking for the top 10 Mobile Insurance Comapnies.
|4.18||Syska Gadget Secure|
|4.05||New India Assurance|
|3.80||Quick Heal Gadget Secure|
Time Taken for Mobile Insurance Claim
There is no standard Time frame as to when you will get your Insurance claim money. In most cases, once you submit all the documents to the Insurance Company, you should get the money in 10-15 days.
Since two years, the insurance claim process has drastically become fast. Now, as everything is made online, the claim amounts are being received very faster.
Syska has the fastest Insurance claim processing record and same is with Times Global.
Rejection of Insurance Claim
Whether to give you the claim amount on damaged Mobile Phone is only up to the company. Even when you have submitted all the documents, your application may still get rejected. If your mobile phone was stolen, you may need to first go the nearest police station and lodge a formal FIR.
In few cases, when the phone is broken, few insurance companies asks you to get it repaired at an authorised mobile phone dealer and give them the repair bill. And moreover they will only reimburse 60-70% of the bill amount but not the entire sum.
Insurance Claim Amount
When you go to the Insurance company to claim insurance on your lost phone, they won’t give you the full value of the mobile phone. A rate of depreciation will be charged on the value of the mobile phone.
|How old the phone||Depreciation Rate|
|3 Months old||20%|
|3 to 6 months||30%|
|More than 6 months||50%|
Conclusion : Best Mobile Insurance 2017
So, we declare that Times Global and One Assist are the Best Mobile Insurance Companies in India for 2017. Different people may have different opinions on what is the Best Mobile Insurance in India due to various sides involved in the calculation.