Mobile phone insurance just like any other insurance product provides risk cover. In this case, it covers risk arising from incidents such as loss of phone, theft, damage among many others. This insurance can be bought at the time of buying the gadget or maximum with a five day delay from the day of billing. The premium here depends on the worth of the mobile purchased. The cover period is typically for one year but there are a few players who offer a two year cover period.

Watch this video for more insightful knowledge on mobile insurance.


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