ICICI Lombard ties up with Airtel Payments Bank for smartphone insurance, with monthly premium starting at Rs 1299

Smartphone insurance provides protection against damages due to accidents. Users are allowed to make two claims during the policy term up to the Sum Assured.

Customers can buy it without paperwork, secure and fast digital process.

Airtel Payments Bank (Airtel Payments Bank) customers now Airtel Thanks App (Airtel Thanks app) Feather ICICI Lombard General Insurance Company ,ICICI Lombard General Insurance CompanyYou can buy smartphone insurance from With this, Airtel Payments Bank has further strengthened the insurance offering available on its digital platform. Customers can now quickly buy insurance through a secure digital process without paperwork. The digital age has seen a manifold increase in the demand for smart devices, especially smartphones. ICICI Lombard’s smartphone insurance solution provides financial protection against damage to the phone and its screen as a result of accidents.

Customers can file a maximum of two claims as part of smartphone insurance during the policy term and this includes free pickup and delivery, making it a unique offering in the market.

Monthly premium starting from Rs.1299

With monthly premiums starting from Rs 1,299, customers can get a sum assured equal to the purchase price of the smartphone. Customers can avail this insurance themselves for 10 days after purchasing a smartphone priced between Rs 10,000 to Rs 1,00,000. Insurance is issued automatically without any device health checkup after submitting the smartphone related details. Smartphone enabled connectivity during the pandemic will also make this device insurance more beneficial for individuals than ever before.

Commenting on the launch, Sanjeev Mantri, Executive Director, ICICI Lombard said, “There are currently over 750 million smartphone users in the country and this number is likely to reach 1 billion by 2026 which is a growing opportunity for a product like smartphone insurance and Shows great potential. We are excited to partner with Airtel Payments Bank to offer a protection plan that will provide customers with additional protection in case of accidental damage or theft of their smartphone and encourage them to opt for such insurance policies.

Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank said, Smartphones are our lifeline in today’s digital age. From connectivity to photography and banking, smartphones today help us with almost everything. The cost of its repair is generally very high and thus we need to protect it from the very beginning. We are happy to partner with ICICI Lombard General Insurance to offer Smartphone Insurance.

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