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5 Best Mobile Insurance in India 2021 (Review & Comparison)

Updated on 28 Jan 2021.

Smartphones are getting expensive day by day and the best thing to save money on any kind of damage or device lost is to get your phone insured.

Most of the companies provide insurance only on new phones and you have to research in advance so that you can make the decision about which company’s plan you have to go for while buying a new phone.

You may also like to read – Best insurance companies in India.

Let’s discuss in detail about the Mobile insurance and top 5 mobile insurances in India.

What Mobile Insurance Covers

Typically a mobile insurance plan would provide cover against the followings:

  • Accidental Physical Damages
  • Damages caused by liquid
  • Stolen in burglary including theft and housebreaking
  • Damaged caused due to fire, explosion or lightening
  • Suffers damage during riot or strike

However, risk covers vary from company to company and different plans cover different kinds of risks. Some companies only offer damage protection, but they don’t provide theft or stolen cover. While other companies give you complete protection. I have covered both types of companies in this article.

What Mobile Insurance Doesn’t Cover

There are a few instances under which your mobile insurer would not liable to compensate for your loss:

  • Theft, loss or damage during usage by the third party, not the owner.
  • Overloading and experimentation involving parting of the device.
  • Damage by wear and tear or from any process of cleaning or repairing
  • Losses due to intentional, dishonest, criminal or fraudulent acts of self or family members
  • Loss or damage due to poor maintenance and pet bites

Waiting period –  2 to 3 days.

Factors that Reduce/Reject the Claim

Reasons for the Reduction in Claim Amount

#1. Depreciation

Depreciation is the biggest factor that reduces your claim by a significant amount.

The depreciation values are usually as follows:

  • 0 to 3 months – 15% to 20%
  • 3-6 months – 25% to 30%
  • 6-12 months – 50% (in some cases the depreciation can be as high as 75%)

#2. Co-Payment Clause

Co-payment means a fixed amount that the claimant has to bear. Most of the mobile insurance policies have a standard clause of 5% co-payment, which has to be borne by the insured. Sometimes this may be as high as 10%.

For example, if your claim amount is Rs. 30,000, you may have to pay Rs. 1,500 as a co-pay ratio of 5%.

Reasons for Rejection of Claim

Your claim can be rejected if:

  • Damage or Theft occurred when the third party was using the gadget
  • Repair is not done at an authorized service center
  • FIR about the theft is not filed within 48 hours
  • Not able to prove the phone is stolen

You may like to read – Things to know before buying health insurance.

How to Get Mobile Phone Insurance Claim

In case your insured mobile phone is lost or stolen, register FIR in the nearest police station, in case the phone is lost or stolen within 48 hours.

If your phone got damaged, call to customer care of your mobile insurance company and report the damage. The customer care executive will guide you on what documents are required for the claim.

Documents that you will require to produce

  • Three photographs of the damaged handset (1 photo showing IMEI number clearly and the other 2 showing damages)
  • Photocopy of the original bill on Claimant’s name (for online purchase product delivery invoice or email is also required)
  • KYC documents: Self-attested photo ID proof of Claimant
  • Insurance Claim Form completely filled and duly signed by the Claimant
  • FIR report in case of lost or stolen (within 48 hours)
  • Canceled Cheque
  • Medical Certificate (Only from MBBS or Specialist Doctor):
    • Required for all accident cases.
    • Required for all Beaten up or Hit & Run cases

Once the claim is approved, some companies require the repair bill from authorized centers to pay out the claim while some companies will ask you to courier the damaged phone and they will get it done from the authorized service center.

You can read – Best term insurance plans in India.

#1. Times Global Mobile Insurance

Times Global Mobile Protection

Times Global is an online global company that offers coverage in India, the US, Australia, Europe, and the UK. Times Global provides complete protection plans for mobile, laptop and appliance insurance.

They offer protection plans for both new and used mobile phones.

Times Global is the only insurer that provides long term plans of 1, 2 and 3-year plans depending on the cost of the mobile.

Risk Covered

  • Accidental damages
  • Liquid damages
  • Theft/ Stolen within India
  • Screen breakage
  • Malfunctioning of hardware like Camera or display problem

Plans for smartphones

                                                 Protection Plan
Mobile Price (in Rs.) 1 Year  2 Year 3 Year
10,000 – 14,999 Rs. 1,460 Rs. 2,750 Rs. 3,500
15,000 – 29,999 Rs. 2,880 Rs. 5,320 Rs. 7,580
30,000 – 54,999 Rs. 6,720 Rs. 9,880 Rs. 16,840
55,000 – 79,999 Rs. 9,299 Rs. 15,210 Rs. 24,210
80,000 – 1,04,999 Rs. 11,320 Rs. 18,620 Rs. 28,820
1,05,000 – 1,29,999 Rs. 18,860 Rs. 26,810 Rs. 33,810
1,30,000 – 1,54,999 Rs. 18,860 Rs. 26,810 Rs. 33,810

Other benefits

  • 50% cashback of the third year premium amount as a no-claim bonus
  • 25% cashback of the second year premium amount as a no-claim bonus
  • Free app to recover information and locating the device

What Times Global doesn’t cover

  • Illegal mobiles, mobiles or cell phones in course of illegal transport
  • Mobile damage during transit from the seller to the customer
  • Personal data loss such as contacts, photos, and videos.
  • Losses due to intentional parting
  • Losses due to intentional, dishonest, criminal or fraudulent acts of self or family members
  • Losses due to obsolescence

#2. Onsite Go Mobile Insurance

Onsite Go covers protection not only for mobile phones but also for electronic devices and home appliances like laptops, digital camera, television, AC, refrigerator, microwave and washing machine.

Another benefit of the Onsite Go plan is that the company covers mobile damages internationally but the condition is smartphones should have been purchased in India only.

Risk Covered

  • Screen or Display damages
  • Spills or Liquid damages
  • Extended Warranty

Onsite Go doesn’t offer lost or stolen cover. Onsite Go only insures for 1 year. 

                                                 Protection Plan
Mobile Price (in Rs.) Extended Warranty  Screen Protection Spills & Drops Protection
0 – 5,000 Rs. 320 Rs. 799 Rs. 989
5,001 – 10,000 Rs. 470 Rs. 949 Rs. 1,231
10,001 – 15,000 Rs. 790 Rs. 1,249 Rs. 2,015
15,001 – 20,000 Rs. 1,100 Rs. 1,649 Rs. 2,799
20,001 – 30,000 Rs. 1,580 Rs. 2,799 Rs. 3,979
30,001 – 40,000 Rs. 2,210 Rs. 3,449 Rs. 5,599
40,001 – 70,000 Rs. 3,470 Rs. 6,899 Rs. 9,799
70,001 – 1,00,000 Rs. 5,360 Rs. 8,799 Rs. 12,199
1,00,001 – 1,25,000 Rs. 7,090 Rs. 12,299 Rs. 17,499
1,25,001 – 1,50,000 Rs. 8,660 Rs. 14,799 Rs. 20,999
1,50,001 – 1,75,000 Rs. 10,240 Rs. 17,999 Rs. 23,999
1,75,001 – 2,00,000 Rs. 11,810 Rs. 19,999 Rs. 27,999

#3. OneAssist Mobile Insurance

You can insure your new smartphone against damages or any breakage. You can also extend your mobile’s warranty with OneAssist.

OneAssist provides doorstep service and you get 100% cashless repairs.

The company also offers insurance for up to six-month-old smartphones (selected plans). You may also get insurance against theft (selected plans only).

Risks covered

  • Accidental damages
  • Liquid damages
  • Extended Warranty

Other benefits

  • Hassle-free claim process
  • Free doorstep service
  • 24 x 7 seamless assistance
  • One Call to block the SIM
  • Docusafe online locker

#4. Acko Mobile Insurance

You can buy Acko Mobile insurance while buying a smartphone from Amazon. Acko Insurance Plan is available for new devices only, not for refurbished or old handsets. The Acko protection plan is valid for one year from the date of purchase of mobile.

Risk Covered

  • Accidental physical damage including screen damage
  • Damage due to liquid spill or handset fall in the water.
  • In-Warranty repairs

Acko protection plan doesn’t cover-

  • Theft or loss
  • Wear & tear due to usage of the device
  • Damages reported after seven days
  • Damages to accessories including SIM & memory card
  • Unauthorized repair.

#5. Syska Gadget Secure Mobile Insurance

Syska Gadget Secure provides numerous services like insurance, repairs, antivirus protection, device tracking, and blocking. Syska provides damage as well as theft protection to mobile phones.

Risk Covered

Syska offers damage insurance and theft insurance only on new mobile phones and smartphones. Syska Gadget Insurance policy covers

  • Accidental physical damage cover
  • Fire cover
  • Theft and burglary cover
  • Fluid and water damage coverage

Other benefits

  • Antivirus support free for 12 months
  • Free download of 3000 movies and thousands of songs
  • Collection of 100+ free and paid android games
  • Live TV and Magazine


That’s all. I have curated the best mobile insurance in India. How did you find the article please tell me in the comments?


15 thoughts on “5 Best Mobile Insurance in India 2021 (Review & Comparison)”

  1. Hi,

    It was a good informative Post. I would like to mention that BigC used to give their own Mobile Insurance for 1 year with a minimal premium. I purchased a Samsung a few years ago with them for a cost of Rs 10000/- or so and the premium for 1 year was Rs 350.
    obviously, the Insurance companies should take care of the similar interest while processing the claims as that of while accepting premiums

  2. A very elaborated article covering everything about mobile insurance.

    Without any doubt, one should insure his/her phone. Since smartphones are also holding a major part of our expenditure, so in the case of any unwanted damage to the phone, you can get some monetary refund, then what’s the harm in it.

    At least, the total loss is compensated by a reasonable amount from the mobile insurance company.

    Personally, I got my phone insured from GizmoHelp. I heard about it a lot and I am very much satisfied with their plans. One can check more details from their website.

    1. You are an employee of Gizmo and writing reviews here as a customer. This shows the ethics level of this company.

  3. Hi Sanyam, please share if the data available with you that what would be the market share of Mobile Insurance industry in India ?

  4. Hi,

    It was a good informative article. I would like to mention that UniverCell used to give their own Mobile Insurance for 1 year with a minimal premium. I purchased a Nokia Phone a few years ago with them for a cost of Rs 6,000/ or so and the premium for 1 year was Rs 250. It included the theft/repairs. Not sure whether they still continue or not.

    Ultimately the Insurance companies should show the similar interest while processing the claims as that of while accepting premiums 🙂

    Raghavan alias Saravanan M

  5. It’s good idea to buy insurance by paying premium than purchasing new phone.

    These companies should allow insurance of old mobile phone also.

    Very Information post Sanyam

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