Lumia 920, 820, 620 Will Come with Handset Insurance as Nokia, New India Assurance Tie Up [In-Depth]

Nokia released the much awaited Windows Phone 8 offering - Lumia 620 in India at Rs 14,999. Also, the flagship handset - Lumia 920 was released alongside Lumia 820 only a couple of months back. For those consumers who are planning to upgrade to any of these smartphones, there is some good news.

Nokia India has signed a partnership with New India Assurance, a leading insurance company owned by the government of India. The step is widely appreciated by the consumers in the country as it offers handset insurance. The insurance scheme starts at a minimum premium of Rs 50 and will maximum cost up to 1.25% of the total value of the handset.

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Starting from March 14, 2013. those consumers who purchase handsets from Nokia branded Retail Stores can avail the insurance by providing their personal details. This insurance service would cover theft and internal damage expect for everyday wear and tear.

Interestingly, this insurance scheme has pick and drop in six cities apart from a mail in option. Further, Nokia states that the consumers' claims will be settled in less than five days. Initially, the service will begin in 10 cities including Jaipur, Chennai, Hyderabad, Bangalore, Kochi, Mumbai, Ahmedabad, Pune and Kolkata from March 14.

The plan covers Nokia devices against

Third party threatening to use violence resulting in damage or theft of device
Accidental damage to the exterior/interior components.
Damage caused by external impact on the device due to dropping and/or other deliberate action by third party.
Damage caused by accidental entry of fluid in the device's internal circuitry

Theft & Burglary under circumstances such as follows

Loss of device through housebreaking
Loss of device riots, strikes and other malicious acts
Theft of device from locked or unattended building, room or vehicle