Motorola phones had almost disappeared from the Indian market due to stiff competition from Chinese brands like Xiaomi and Realme. However, with its new launches targeting the affordable smartphone and high-end smartphone segment, it is slowly rising to be a competitive brand in India once again. If you are also smitten by the sleek design and trendy features of the Motorola smartphones then you should also think of protecting its damages at all costs.
Bajaj Finserv is offering mobile protection plans that provide coverage against damages if your Motorola phones get broken due to collisions, accidents, losing grip on the phone, damage due to liquids, or other reasons as well. This protection plan also covers damage that the display of your Motorola phone sustains due to several reasons.
It is better to subscribe to a mobile insurance plan like this because accidents and collisions always happen without any prior announcement. Also, with the affordable mobile cover plans of Bajaj Finserv, it is now easy to keep your expensive and stylish Motorola phones safe from all sorts of damages. There are two plans you can choose from. One is the CPP Mobile Protect Plan and the other is CPP Fonesafe Lite.
|CPP Mobile Device Protection Plan (with complimentary mobile device insurance)||CPP Fonesafe Lite (with complimentary mobile device insurance)|
|The plan covers the device replacement cost (up to 100% of the base value before applying any coupon, cashback, discount, depreciation and standard deductibles) for up to 2 instances. You can avail of the subscription for smartphones, laptops & tablets. Mobile Protect can be purchased within 60 days of the date of purchase.||Fonesafe Mobile Screen Insurance plan offers coverage for display-related damages for up to two instances of screen damage. Fonesafe Lite can be purchased within 60 days from the date of purchase.|
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The premiums for both the plans are given below, corresponding to the handset cost.
|Device Price Range (in Rs.)||CPP Mobile Protect (in Rs., with complimentary mobile device insurance)||CPP Fonesafe Lite (in Rs., with complimentary mobile screen insurance)|
|More than 100,000||6212||3599|
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*Membership fee is based on the base invoice value, before any discounts and cashback
|Coverage||Fonesafe Mobile Insurance||Fonesafe Lite Mobile Screen Insurance|
|Accidental damage to mobile screen||✓ Covered
Damages to the mobile display are covered, provided the phone should have been in your custody at the time of damage.
Damages to the mobile screen are covered. However, the phone should have been in your custody at the time of damage to avail the benefits of this cover.
|Accidental damage to the handset||✓ Covered
Accidental damage is covered for the entire handset. However, the phone should have been in your custody at the time of damage to avail the benefits of this cover.
|✘ Not covered
Damages to your handset are not covered under the plan.
Damages to your handset (including mobile screen) due to water or fluids is covered.
Liquid damages to your mobile screen are not covered under the plan.
|Mobile theft insurance||In case your mobile phone is stolen, FoneSafe delivers a temporary smartphone at your doorstep in select cities across India (up to a maximum period of 7 days). You can avail the benefits of the theft coverage plan by reaching out to customer support.||In case your mobile phone is stolen, FoneSafe Lite delivers a temporary smartphone at your doorstep in select cities across India (up to a maximum period of 7 days). You can avail the benefits of the theft coverage plan by reaching out to customer support.|
|Breakdown cover||✘Not covered
Repair and replacement costs arising from any unexpected electrical or mechanical breakdown of your phone are not covered under the plan. Any damage to your smartphone because of pollution or contamination will not be covered under this plan
Repair and replacement costs arising from any unexpected electrical or mechanical breakdown of your phone screen are covered, provided you were using the phone at the time of breakdown.
|Gaana Plus subscription||✓ Available for 1 year||✘ Unavailable|
|ZEE5 All-Access annual subscription||✓Available for 1 year||✓Available for 1 year|
|F-Secure antivirus and malware protection||✓Available for 1 year||✓Available for 1 year|
|Damage due to pollution||✘ Not covered
Any damage to your smartphone due to the effects of pollution or contamination will not be covered under the policy.
|✘ Not covered
Any damage to your mobile screen due to the effects of pollution or contamination will not be covered under the policy.
|Max. sum insured||Same as handset value||Same as handset value|
|No. of claims allowed in policy year||2||2|
|Max. claim amount per claim*||100% of handset/invoice value||50% of handset/invoice value|
*Note: The coverage offered cannot exceed the total invoice value of the smartphone.
• 30 million Songs
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• Song downloads
• Offline playback
• Regional languages
Based on the cost of the handset, a standard deductible has to be borne by the insured policyholder for each claim unless specifically revised and altered by the insurer and mentioned in the Certificate of Insurance. The amount of deductibles are mentioned in the table below:
|Handset Value (in Rs.)||CPP Mobile Protect (in Rs., with complimentary mobile device insurance)||CPP Fonesafe Lite (in Rs., with complimentary mobile screen insurance)|
|More than 70,000||3500||1000|
Depending on the usage duration of the phone, the claim will be processed on the depreciated value of the device. The same has been illustrated below:
|Phone age||Depreciation %|
|0 - 3 months||15|
|3 - 6 months||25|
|6 - 12 months||35/50|
• You will need to specify the details of your damage along with the claim amount and other essential information in the claim form. Also, the form must be duly signed by the beneficiary.
• The invoice of your handset, bill reflecting the repair costs, valuation report, or any other document that supports your claim can be submitted along with the claim form.
• In case your phone is stolen, you will need to provide an FIR copy that mentions the robbery specifically to validate your claim.
Depreciation is the lowering of a device’s value that happens with time. Depreciation is usually calculated in terms of percentage. For example, if you buy a phone today, you cannot sell it at the same price after 2 years. Therefore, if your entire phone has to be replaced due to damage or any other valid reason, then you will get an amount that is equal to the depreciated value of your phone.
The below table shows the depreciation percentage applicable according to the age of any handset:
|Age of handset||Depreciation (In %)|
|0 to 3 months||15%|
|3 to 6 months||25%|
|6 to 12 months||50%|
Note: Depreciation will not be applicable during the replacement of the spare parts or other expenses required for repairing your phone.
A deductible is the standard fee that you will have to pay for getting repair works done for your smartphone. No deductibles will be charged while replacing your phone or screen entirely.
The below table shows the deductibles charged according to the value of your handset and the CPP Mobile Protection Plan that is chosen by you:
|Value of the iPad||CPP Mobile Protect||CPP Fonesafe Lite|
|6000-19999||5% of claim value (minimum of Rs. 500)||500|
|20000-29999||5% of claim value (minimum of Rs. 1000)||500|
|30000-49999||5% of claim value (minimum of Rs. 1000)||1000|
|50000-69999||5% of claim value (minimum of Rs. 1500)||1000|
|Greater than 70000||5% of claim value (minimum of Rs. 1500)||1000|
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