Tuesday, November 12, 2019
Follow us on

You can get insurance for your mobile screen

June 15, 2019 05:37 AM


You can get insurance for your mobile screen
Pay ₹1,700, Get ₹12K In Case Of Damage

New-age non-life company Go Digit General Insurance has introduced a policy for used mobile phones that will compensate the user if there is any screen damage. This low-value cover has been made feasible by a small software that enables the company to remotely assess the condition of the phone — both for underwriting and claim settlement.

The software is similar to what is being used by ecommerce companies in evaluating used phones offered under their exchange scheme. However, it only checks the phone for the working of the screen. Speaking to TOI, Digit Insurance chairman Kamesh Goyal said that the intention behind launching the product was to reach out to young customers who are not exposed to insurance.

The software will detect the phone’s make, model and IMEI number in minutes. Digit has been offering the policy for new phones on e-commerce sites, but has now decided to extend this to used phones as well. “Many customers do not think of protection at the time of buying the phone. Also, the used phone market is a large one in India,” said the company’s head (marketing) Vivek Chaturvedi.

According to Chaturvedi, the cost of the insurance cover would be around Rs 1,700 for a mobile phone screen that costs Rs 12,000 to replace. The customer will be given a cash benefit of Rs 12,000 in case of screen breakage and he can use the money to replace the screen in any outlet or part-fund a new purchase. “People buy mobile phones because they are sleek and for the screen resolution. But they have to compromise on this by adding a cover and a screen guard. With an insurance protection, they can use the phone the way it was designed,” said Chaturvedi.

Have something to say? Post your comment
More Business News
भारत सरकार औद्योगिक उत्पादन सूचकांक (आईआईपी) के त्वरित अनुमान के आधार पर 2011-12 के साथ सितंबर 2019 के महीने में 123.3 का स्तर SBI ने 0.15 से 0.75 फीसदी तक घटाई जमा ब्याज दर शेयर बाजार लाल निशान में खुला, सेंसेक्स में 84 अंक की गिरावट रियल एस्टेट के अधूरे प्रोजेक्ट को फंड की मंजूरी आर्थिक के बीच देश के सेवा क्षेत्र की गतिविधियों में लगातार दूसरे महीने अक्टूबर में भी गिरावट दर्ज की गई Infy: No proof to attest whistle-blowers’ plaint एक हफ्ते में सोना प्रति 10 ग्राम 100 रु. महंगा हुआ, चांदी प्रति किलोग्राम 150 रु. मजबूत हुई ऐतिहासिक ऊंचाई पर सेंसेक्स, 40325 के स्तर पर पहुंचा सेंसेक्स में बड़ा उछाल, 518 अंक चढ़कर 39,768 पर पहुंचा मजबूती के साथ खुले बाजार, सेंसेक्स में 209 अंकों की तेजी