MUMBAI: New-age non-life company Go Digit General Insurance has introduced a policy for used cell phones that will compensate the consumer if there is any display injury. This low-value cover has been made feasible by means of a small tool that allows the company to remotely assess the situation of the phone — each for underwriting and declare settlement.
The tool is very similar to what is being utilized by e-commerce firms in evaluating used phones presented underneath their alternate scheme. However, it only checks the phone for the running of the display. Speaking to TOI, Digit Insurance chairman Kamesh Goyal said that the goal in the back of launching the product used to be to succeed in out to younger shoppers who are not exposed to insurance coverage.
The tool will stumble on the phone’s make, style and IMEI quantity in minutes. Digit has been providing the policy for brand spanking new phones on e-commerce websites, however has now made up our minds to extend this to used phones as well. “Many shoppers don't think of protection at the time of buying the phone. Also, the used phone marketplace is a large one in India,” said the company’s head (advertising) Vivek Chaturvedi.
According to Chaturvedi, the cost of the insurance coverage cover can be round Rs 1,700 for a mobile phone display that prices Rs 12,000 to replace. The buyer might be given a cash advantage of Rs 12,000 in case of display breakage and he can use the money to replace the display in any outlet or part-fund a brand new acquire. “People buy cell phones as a result of they are sleek and for the display solution. But they've to compromise in this by means of including a cover and a display guard. With an insurance coverage protection, they can use the phone the way it used to be designed,” said Chaturvedi.
The tool is very similar to what is being utilized by e-commerce firms in evaluating used phones presented underneath their alternate scheme. However, it only checks the phone for the running of the display. Speaking to TOI, Digit Insurance chairman Kamesh Goyal said that the goal in the back of launching the product used to be to succeed in out to younger shoppers who are not exposed to insurance coverage.
The tool will stumble on the phone’s make, style and IMEI quantity in minutes. Digit has been providing the policy for brand spanking new phones on e-commerce websites, however has now made up our minds to extend this to used phones as well. “Many shoppers don't think of protection at the time of buying the phone. Also, the used phone marketplace is a large one in India,” said the company’s head (advertising) Vivek Chaturvedi.
According to Chaturvedi, the cost of the insurance coverage cover can be round Rs 1,700 for a mobile phone display that prices Rs 12,000 to replace. The buyer might be given a cash advantage of Rs 12,000 in case of display breakage and he can use the money to replace the display in any outlet or part-fund a brand new acquire. “People buy cell phones as a result of they are sleek and for the display solution. But they've to compromise in this by means of including a cover and a display guard. With an insurance coverage protection, they can use the phone the way it used to be designed,” said Chaturvedi.
You can get insurance for your mobile screen
![You can get insurance for your mobile screen]()
Reviewed by Kailash
on
June 15, 2019
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