March 3, 2021

Nokia to be powered by Indian insurance; forms collaboration with NIA

Nokia India has announced a partnership with New India Assurance (NIA), owned by the government of India. Under this unique partnership Nokia’s consumers will get the benefits of a highly affordable and comprehensive handset insurance plan to safeguard them against the risks of mobile handset loss and damage. This insurance scheme includes third party or accidental damaging, thefts, burglary, malicious acts, riots, as well as damage that was beyond the purview of the consumer’s standard warranty.


The minimum insurance premium starts from just Rs.50 and the plan will cost 1.25% of the purchased handset’s value. To avail this insurance plan, consumers purchasing their handsets from a Nokia Branded Retail Store will have to provide a few personal details and receive their insurance certificate, handout and payment receipt at the store itself.

Segar Sampathkumar, General Manager, New India Assurance, said that they were extremely pleased to partner a leading handset manufacturer such as Nokia to offer their consumers an exclusive insurance plan that not only protects their consumers against unforeseen events such as theft and loss, but also against device damage. Based on their deep understanding of the segment, they were looking to provide Nokia consumers with a seamless solution that was as easy to claim, as it was to buy.

It would be available from March 14, 2013 onwards on all Nokia devices purchased through Nokia Branded Retail stores across the country, initially in Delhi and the National Capital Region and would the proceed to Jaipur, Mumbai, Ahmedabad, Pune, Kolkata, Chennai, Hyderabad, Bengaluru and Cochin.