How many of us can relate to a situation where right after you buy an expensive phone and it accidentally falls to the ground, shattering your phone screen and, metaphorically, your heart. How many of us are still using our phones with broken screen because it is just too expensive to repair it. Then you probably wondered about insurance for your phone. Yes there is such a thing, and it is provided by Shikhar Insurance. But as of now this service is only available for Samsung phones.

The breakage insurance provided by Shikhar Insurance covers all the breakage and physical damage to a phone excluding water damage, theft, pick pocketing, disappearance, burglary or any kind of loss, for six months from the date of purchase. In case of the phone not being repairable or there is unrecoverable damage, the insurance company provides a new set to the user.  The insurance buyer do not have to deal with the hassle of filling forms of any kind, because the Samsung Service Station does it all as and when the customer wants to claim on damage. A claim is done only if the damage is more than Rs. 6,000. In case of the damage is more than Rs. 6,000, the customer has to pay the deductible excess and the insurance bears the rest of the loss.