Insurance for mobile phones in India

In almost every part of world theft is the common problem and with the invention of new high tech gadgets like mobile phones, laptops, iphones etc the incidents of theft has risen tremendously. It is just like people go for home insurance for theft of the house property, or auto insurance, here people go for mobile phone insurance.


In India there are over 30 crore mobile users, and research indicates that every month more than 20 lakh mobile phones are lost. The stolen mobile phones market is so gainful that the second hand market is estimated to have an annual turnover of Rs.200 crore in India. Mobile phones have been identified by the police as CRAVED (Concealable, Removable, Available, Valuable, Enjoyable, Disposable) items that are highly attractive to thieves and this will be exacerbated as phones become more sophisticated and start to offer users advanced functionality. (Source TRAI)

Some of the salient features for insurance policies offered by Indian insurance firms are:

• Mobile cover in India is flexible and is wide-ranging in order to meet the requirements of the customers.
• Mobile coverage entails fire damages, theft & fortuitous external damages
• Variable surplus can be provided as per the requirements of the client
• The coverage has flexible rate of premiums as per the density of hazards and cost insured

What all are covered


A mobile's insurance cover saves against a variety of risks like fire, theft, riots, strikes. But, many have a more comprehensive coverage bringing within sweep malicious damage, accident and fortuitous circumstances.


Commonly mobile's insurance covers

• Fire.
• Riot, strike, malicious damage and terrorist activities.
• Theft.
• Accident.
• Fortuitous circumstances.

What not covered

• Mysterious disappearance.
• Theft from unattended vehicles, except from fully enclosed car that is securely locked.
• Theft, loss or damage during the hire or loan to a third party.Mechanical and electronic breakdown or derangement.
• Any mechanical or electrical breakdown/derangement except due to accidental external means
• Mere breaking/ scratching or cracking of fragile items unless caused by accident to themeans of conveyance.
• Overloading and experimentation involving imposition of any abnormal conditions.
• Damage by wear and tear, moth, mildew, vermin, atmospheric or climatic condition or gradual deterioration, inherent defect or from any process of cleaning, repairing or maintenance.
• Loss or damage due to war or nuclear perils, loss by water or from any water borne craft.
• Intentional or willful act of the insured party.

There are many other exclusions which will vary from company to company which should be read before buying a mobile phone insurance.

Compenstation

Compensation varies according to the company offering Insurance. Commonly Compensation will be equivalent to cost of replacement by new mobile of same specifications and capacity, including all taxes and duties

Companies offering Insurance Policy

Some renowned insurance companies offering Insurance Policy for Mobile Phones in India are

• National Insurance Company,
• Oriental Insurance Company,
• New India Assurance Company and
• United India Insurance Company

Apart from Insurance firms even mobile companies are offering Mobile Phones insurance in India. BPL, Nokia, BSNL and Reliance are some of the firms offering coverage for the cellular phones. BSNL provides coverage on Alcatel and Nokia handsets for Rs 20 per month. Some private mobile firms even offer free coverage to their clients


Negatives

• The conditions are many and cannot be fulfilled and claiming is a himalayan task.

Links


http://www.newindia.co.in/per-mobile.asp
http://www.royalsundaram.in/your-business/all-risks-insurance.aspx#
http://www.icicilombard.com/app/ilom-en/Businessproducts/Corporate-Cover.aspx


Disclaimer: All informations published in this blog post is only for general information and is as per the informations published on concerned website. Please check the concerned websites before buying a mobile insurance.

Free Email Alert via SMS in India

What will you do if you are eagerly waiting for an email and you need to respond to that mail as soon as it arrives your inbox? It will be a great help if you could get an alert via SMS when the particular mail arrives. Gmail and most of the other providers has the facility, but I think the networks in India charge for the same. I found a way which is completely free of cost. I will explain it step by step. Works with any mobile network that offers free incoming SMS. I have added the way to configure it with GMAIL. Same way it can configured for any email provider.

PROS SKIP THE STEPS FROM 1 to 4 and just take an account at www.way2sms.com

STEP 1: Take your mobile phone and keep it near you.

STEP 2: Goto www.way2sms.com and make a free account by clicking "Register Here" button in the home page. You need to enter your mobile number. Your Mobile Number will be your login ID.

STEP 3: As soon as you click "Verify and Register" you will receive an SMS from TM-WAY2SMS. The message will be "Your way2sms.com account login id:xxxxxxxxxx(your mobile number) password:xxxx. By the time there will be a page in the browser where you have to enter your mobile number and password sent to you via SMS and press "Go".

STEP 4: Then they will ask you to change the password by entering the new password. Enter your new password.

STEP 5: Now you are logged in. Click on the "Mail" tab. Then create a mail id with way2sms. Then press the "Mail Alerts" on the top right corner. Press activate and there you will have to enter some information regarding, at what all times you need to recieve the messages and all. I recommend you to make it all 7 days and round the clock. Then press "Save and Activate".

STEP 6: Now goto your gmail account and press "Settings" and press "Forwarding and POP/IMAP". Select "Forward a copy of incoming mail to" and enter your way2sms mail id by clicking "Add new email address". They will send you a confirmation email to your way2sms mail id and you have to confirm it by entering the varification code provided in the email. Often it takes time to get the confirmation mail as the way2sms mail id is new.

STEP 7: After varification press "Filters" tab. Now press "Create a new filter". Now in the space provided enter your requirements of the emails which you need to forward it to your mobile as SMS.  For example the senders mail id or any words that could be in the mail(eg: urgent).

STEP 8: Press next. Now select the 5th option "Forward it to" and select the way2sms mail id from the list.

STEP 9: PRESS CREATE AND YOU ARE DONE.

PLEASE COMMENT!!!