Top Three Laptop Insurance Companies in India
I often get messages on my Facebook page that How can I get my laptop Insured against theft and accidental damages? Insurance is the best practice of protecting your digital companion. So if you are looking forward to buying a gadget insurance policy for your laptop, this post is just for you. Although there are many insurance policies out there in the market but I will be mentioning the top three laptop-insurance companies in India 2016.
1. Syska Gadget Insurance
Having "Irrfan Khan" as the Brand Ambassador, Syska is among the top selling gadget insurance companies in India. Syska provides laptop insurance against theft and accidental damages with definitive plans starting from Rs.799 to Rs.2999/- per policy. The Basic plan has certain capping for claim settlement and additional pick and drops facility. Here are some of the key Features of the Syska Gadget Secure Insurance Plan
Coverage :
The Company covers several gadgets including laptop, smartphones, and Smart Televisions. The Policy becomes effective after 24-hours of application submission. The Plan includes loss because for fire and allied perils too. The coupon is issued to the policyholder for the future communications. This is the sole responsibility of the owner to safeguard the coupon because no claim will be entertained in case of coupon loss as it contains a unique code for claim settlement.
Conditions :
In the event of loss, you must notify your Service Provider as soon as possible to suspend service. Your Service Provider must restrict use of your covered property by use of technology. You must file a Police Complaint in an appropriate Jurisdiction. All documents showing compliance shall be submitted along with claims.A Policyholder is eligible to get claims up to the insured value(Invoice Value) in twelve month period.
2. Bharti AXA's Portable Electronic Equipment Policy
Bharti AXA is giving tough competition to various other insurance companies in India. Fast claim reimbursement and paperless policy renewal are some of the attracting features of the laptop insurance policy. This Delhi-based company has now covered the low-lying areas of India with its 24-hour customer support 1800-103-2292 (Toll-free).
Coverage :
Bharti AXA's Portable Electronic Equipment Policy covers portable electronic equipment like a laptop, digital cameras, mobile phones and other similar equipment against damage or loss.
Exclusions :
After going through the entire policy I found out a funny exclusion which says-"Loss destruction or damage directly occasioned by pressure wave caused by aircraft and other aerial devices traveling at Sonic or Supersonic speeds". I mean who travels with a Supersonic speed unless you are a "Superman". Read the entire Policy- Here
3. ICICI Lombard All Risks Insurance Policy
ICICI Lombard provides a general all Risks Insurance policy which includes House, Car, and Student in India. Although it is not very specific to Laptop but certainly grabs the attention because of its ease of access. Laptop Insurance cover online procedure makes it very easy to get policy within a minute from your Smartphone. You can also download the ICICI bank App for smooter hassel free claim report filing.
Coverage :
ICICI All risk Policy includes similar incidents as stated earlier but the most prominent feature which I liked is that ICICI drops the premium after the 3rd renewal of the policy and the Claim value gets double as a NO-Claim Bonus. The company can also provide the executive visit to your home if needed without any additional charges. Laptop insurance coverage includes loss due to theft, fire, and accidental damages.
Conditions :
False and Fraudulent possession of the device is not tolerated by the insurance companies in India. Pre-Damaged Devices are not eligible for the Policy. There are certain rules for filing the theft claim which also includes a Police FIR copy too.
Summary
Although Laptop insurance is not a hot topic to read unless you have got your laptop stolen or ever have spilled coffee on the device. Well, the current Notebook could be your last laptop. Yet this list of top three laptop insurance companies in India can help you to secure your precious gadget like never before.