iPad Protection Plan

iPad Protection Plan

Know the benefits of purchasing the protection plan for your iPad.

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3 mins
21 Mar 2023

Secure your iPad from damages due to sudden accidents and falls. Bajaj Finance offers mobile protection plans that provide financial assistance whenever your iPad gets broken or damaged.

Types of mobile protection plan

CPP Mobile Protect plan

The CPP Mobile Protect plan is for those who need protection for their entire iPad including the screen, body, camera, battery, and other parts.

CPP Fonesafe Lite

You can opt for the CPP Fonesafe Lite plan if you need the cover only for the display of your iPad.

Features and benefits of iPad protection plan:

The below table shows the main features and benefits of iPad insurance:

Features and benefits

CPP Mobile Protect plan

CPP Fonesafe Lite plan

Main feature

Complimentary device cover

Complimentary screen cover

What does it cover?

Damage to the handset, screen, or any other part due to accident, collision, or other reasons

Damage to the screen due to accident, collision, or other reasons

Are damages due to liquids covered?

Coverage for damages caused to the phone due to liquid such as water

No coverage for damages caused to the screen due to liquids

Are damages due to electrical or mechanical reasons covered?

No

Yes, the phone must be in your possession at the time of damage

Are damages due to pollution covered?

Not covered

Not covered

Maximum coverage amount

Up to the value of the handset

Up to the 50% value of the handset

Number of claims permitted every year

2 claims

2 claims

F-secure protection from malware and viruses

Yes (valid up to 1 year)

Yes (valid up to 1 year)

Gaana Plus subscription

Yes (add-on benefit with a validity of 1 year)

Yes (add-on benefit with a validity of 1 year)

Zee5 complete access

Yes (add-on benefit with a validity of 1 year)

Yes (add-on benefit with a validity of 1 year)


The premium you need to pay to subscribe to any of these plans will depend on the value of your tablet. The below table shows the premium applicable to each of the plans as per the price range of the tablet:

Device Price Range (in Rs.)

CPP Mobile Protect with complimentary device insurance (in Rs.)

CPP Fonesafe Lite with complimentary screen insurance (in Rs.)

6,000 – 9,999

1,212

649

10,000 – 11,999

1,612

899

12,000 – 14,999

2,137

1,099

15,000 – 19,999

2,137

1,099

20,000 – 24,999

2,787

1,499

25,000 – 29,999

2,787

1,499

30,000 – 34,999

3,812

1,999

35,000 – 39,999

3,812

1,999

40,000 - 49,999

4,912

2,599

50,000 - 59,999

5,612

2,999

60,000 - 69,999

5,612

2,999

70,000 - 99,999

6,212

3,599

More than 1 lakh

6,212

3,599

 

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Deductibles and depreciation

Any loss of value that applies to a device getting old or used is called depreciation. The calculation for depreciation value is as a percentage of the original price of the device. In case you have to replace your iPad completely, the service provider will consider the depreciation value while disbursing the coverage amount.
You can check the depreciation percentage that applies to your iPad in the table given below:

Age of iPad

Depreciation %

0 – 3 months

15

3 – 6 months

25

6 – 12 months

50

 

Note: Depreciation is not a considerable factor while replacing any part of your phone due to damage or accidents. Therefore, depreciation will not apply to the repair work done to make your phone functional again.

A deductible is a charge that you will need to pay as the fee for getting the repair works completed. It is usually a set percentage of your claim value. No deductibles are applicable when replacing an entire.

The following table will help you to understand how the calculation for deductible based on your iPad price and the CPP plan chosen by you:

Value of the iPad

CPP Mobile Protect

CPP Fonesafe Lite

20000 – 29,999

5% of claim value (minimum of Rs. 1,000)

500

30,000 – 49,999

5% of claim value (minimum of Rs. 1,000)

1,000

50,000 - 69,999

5% of claim value (minimum of Rs. 1,500)

1,000

Greater than 70,000

5% of claim value (minimum of Rs. 1,500)

1,000


Top iPad models that are covered by the mobile protection plans

These mobile protection plans from Bajaj Finance include protection for devices like laptops, iPad, tablets, and major smartphone brands.

Though the plan covers all the iPad models under these mobile protection plans, we have mentioned some of the popular names below for your reference:

Apple iPad 10.2

Apple iPad Air

Apple iPad Pro 11

Apple iPad Pro 12.9

Apple iPad Mini

Apple iPad Pro 10.5

Apple iPad 6

Apple iPad 9.7

Apple iPad Mini 2

Apple iPad Mini 4

Apple iPad Mini 3

Apple iPad 4

Disclaimer

Insurance is the subject matter of solicitation. Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited and ManipalCigna Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Visitors are hereby informed that their information submitted on the website may be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt Ltd, etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective value-added service provider or Assistance company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.