Nokia, New India Assurance tie-up for mobile handset insurance

"Through this initiative, our effort is to address one of the major concern of mobile phone buyers and enhance their buying experience with us. Insurance cover will be provided on purchase of new Nokia mobile phones from today onwards, initially across 10 cities," Nokia India's Director Retail Kannan Gopalakrishnan said New Delhi.

The plan will be available on all Nokia devices purchased through Nokia branded retail stores across the country, initially in Delhi and the National Capital Region, Jaipur, Mumbai, Ahmedabad, Pune, Kolkata, Chennai, Hyderabad, Bengaluru and Cochin.

The customers will have to pay premium of Rs. 50 or 1.25 percent of mobile phone cost, whichever is more, at the time of purchase to avail this offer.

Mobile phone lost through thefts, burglary, malicious acts, riots, theft of device from locked or unattended building, or any act of violence will be covered under insurance and payment will be processed within 5 days, Gopalakrishnan said.

"Customer will be required to make police complaint, inform its service provider and furnish acknowledgement to us for claim. It is not mandatory to get an FIR for making claim.

He will have to approach for claim within 48 hours of loss. We have surveyor who will verify the claim after which amount will be paid to customer," New India Assurance's General Manager Segar Sampathkumar said.