The policy is a special Package policy to cover insured equipment for a period of one year from the date of activation of the product, subject to the product purchased along with insured equipment.
The subject matter of insurance will be brand new Mobile Handset/ Tablet bought by customer from proposers medium.
Perils Covered Under the policy, are as follows:
Liquid ( WATER OR LIKE) damages
Fire & Allied Perils
STFI (Storm, Tempest, Flood & Inundation)
Theft and snatching only and FIR must file under sector 379 of IPC
Tablets without SIM connectivity are covered against Accidental external Damage and Accidental Fluid Damage only.
Loss, such as lost, forgotten/misplaced/left unattended, missing and any loss under mysterious circumstances & unexplained losses.
3 days time excess in case of theft & Burglar claims.
Loss resulting from or caused by theft, or attempted theft of insured equipment where equipment is left in unattended vehicle or room except car of fully enclosed saloon type or room, having at the time all the doors/windows and other opening securely locked and properly fastened.
Loss due to Intentional act or wilful neglect.
Loss arising after 12 month from date of purchase.
Any loss due to hire or loan of the insured equipment to a third party or if ownership is transferred.
Loss arising due to unlawful act including Terrorist activity, War, Nuclear Explosion, Radioactive Contamination, Chemical, Biochemical, Biological, Electromagnetic, Cyber Attack etc.
Any loss if the insured equipment is not connected to any cellular network of service provider (only for mobiles).
Consequential loss of any kind or description including wear & tear, manufacturing defects etc.
Loss caused by incorrect storage, poor care and maintenance, careless use, gross negligence, incorrect installation and incorrect set-up.
Loss covered by supplier, dealer or factory warranty.
Any loss of data or software installed in the equipment.
Any loss arising outside the territorial limits of India.
Any loss which is cosmetic in nature and does not result in to complete stoppage of/or functioning of equipment.
Any loss effecting to SIM card and any ancillary product etc even if the equipment result into complete stoppage of working.
Any loss or damage to accessories and panels even if forming a part of standard pack or to any complimentary or ancillary product/s made available under any promotional scheme.
No Back up devices will be covered under the scope of the policy.
No stand alone damages to the battery will be covered under the scope of the policy.
Any loss which is cosmetic in nature and does not result in to complete stoppage of/or functioning of the equipment.
Any loss effecting to SIM card and any ancillary product etc, even if the equipment results into complete stoppage of working.
Any loss or damage to accessories and panels even if forming a part of standard pack or to any complimentary or ancillary products made available under any promotional scheme.
If the handset is used by a person other than the insured, as defined above.
Caused when engaged in criminal acts.
If documents are found tampered; non disclosure of material facts, frauds/ miss-representations.