Is mobile phone insurance and damage protection plan different?

Mobile phones have become basic necessity for many of us. In such scenario, where your most of the personal and business tasks are happening on mobile devices, it becomes highly important to secure your devices from any unwelcoming events. 

Mobile phone insurance is one way to live stress-free. Incidents like loss of phone, damage to the screen, physical damage, battery damage or damages arising from liquid pose an enormous risk on these devices and might render them inoperable. 

There are two major type of insurance plans available in the market. They differ based on the benefits what they offer. Some of the plans in the market just cover the damages arising from unforeseen events. Some plans are specifically designed to offer insurance on loss of devices.

But the good news is that, Bajaj Finserv Mobile Phone Damage Protection & Mobile Screen Protection Plan, is one plan that offers benefits of insurance for both kinds of risks. 

Alongside benefits of these plans are F-secure Mobile Security, one-year free subscription to Zee5 and Gaana Plus Subscription. 

You can check out the details online. Following are two major categories of this type of insurance:

  1. CPP Mobile Device Protection Plan (with complementary mobile device insurance)
    1. Covers cost of the device (up to 100% of base invoice value*)
    2. Smartphones, laptops and tablets subscription could be availed
  1. CPP Fonesafe Lite (with complementary Mobile Screen Protection insurance)
    1. CPP Mobile Protect should be purchased within 15 days of the purchase of the device
    2. CPP Fonesafe Lite should be purchased within 45 days of the purchase of the device

High worth mobile phones like Apple iPhones, Samsung Mobiles and few of the top-ranking mobile brands offer variety of features but they do impose a risk of heavy expenses when they require any repairs. When such incidents happen, they took out a major chunk of your funds savings leading to a financial stress and deep distress of owning expensive gadgets. Owning good quality devices has become a necessity for many of the businesses or even for personal usage considering a plethora of possibilities these devices offer. Opting for an insurance of your devices, to avoid stress and manage any unfortunate events like these, is a wise thing to do. 

Check out the best Apple insurance plans

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