Mobile phone insurance: All you need to know

1.This insurance covers damage caused by accidental drops, impacts, or other unforeseen events.

2.It also provides protection if the phone is stolen or lost.

3.It provides coverage for hardware and software issues not caused by accidents.


4.It also protects against damage caused by water or other liquids.

5.It is important to check the deductibles, limits of coverage and exclusions of individual plans before making a purchase.

Content courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.