India’s largest e-commerce platform, Flipkart has signed the deal with Digit Insurance that offers mobile protection plan to the user who buys smartphones on Flipkart’s platform. The sources stated that the initial price for the plans approximately set as INR 150.
The Mobile insurance has a zero depreciation feature which means the phone’s invoice value is Considered at the time of claim instead of its current market value. They have designed simple insurance claims process for customers while offering screen damage. If customers phone gets damaged, then they will get 20 percent of the invoice value of the phone.
Chief distribution officer at Digit Insurance, Jasleen Kohli said, “The beauty of this product is that it reduces the claim processing time drastically which adds to the convenience for the customers. ZERO bills required in this process which is otherwise a process full of frictions. Also, it makes sense for us as an insurance company, as it reduces our operational costs.”
Digital Insurance said that user does not need to download an application for the further access to the product, however, the policy gets activated from the moment the phone is delivered. The insurance cover associated with the phone’s IMEI number and the policy is valid across the world.