Now you have the opportunity to replace your broken mobile screen for free. Smartphone manufacturer Realme’s digital payment platform, PaySa, has entered into an agreement with insurance company ICICI Lombard. Under the agreement, users of Realme phones will be enrolled in an all-risk insurance policy, which will provide screen protection. This is a special insurance policy that will be initiated as a group policy. You can purchase it through the Realme PaySa app. The process of buying the insurance policy will be completely digital and will not involve any paperwork. It should be noted that you can get this insurance policy for phones that are 18 months old or less in just 5 minutes. In this policy, you will be covered for screen breakage once or twice a year.
This collaboration between Realme and ICICI Lombard brings a convenient and hassle-free solution for Realme smartphone users who have experienced a cracked or damaged screen. By enrolling in the all-risk insurance policy, they can now enjoy the peace of mind that comes with having their screen protected.
The enrollment process for this insurance policy is incredibly simple and can be completed digitally through the Realme PaySa app. Gone are the days of dealing with cumbersome paperwork and lengthy procedures. Within just a few minutes, users can secure their insurance coverage for their Realme phones, especially those that are relatively new, with a maximum age of 18 months.
Under this insurance policy, users will have coverage for screen breakage incidents occurring once or twice within a year. This means that if an unfortunate accident leads to a cracked or shattered screen, Realme smartphone owners can now have their screens repaired or replaced at no additional cost. It is indeed a valuable feature for those who rely heavily on their smartphones and want to ensure uninterrupted usage.
With the introduction of this insurance policy, Realme and ICICI Lombard aim to enhance the overall customer experience and offer a valuable service to their users. The partnership between a renowned smartphone manufacturer and a trusted insurance company creates a win-win situation, where customers can easily access screen protection while enjoying the benefits of digital convenience.
The availability of this insurance policy through the Realme PaySa app signifies the growing trend of integrating financial services into mobile platforms. It reflects the increasing demand for seamless digital solutions that cater to the diverse needs of smartphone users. By leveraging technology and innovative collaborations, companies like Realme and ICICI Lombard are paving the way for a more connected and customer-centric approach to insurance services.
Overall, this collaboration represents a significant step forward in the realm of smartphone insurance, providing Realme users with a simple and efficient way to safeguard their devices against screen damage. With just a few taps on their smartphones, they can now enjoy the benefits of a comprehensive insurance policy, ensuring the longevity and usability of their beloved Realme phones.
How will the insurance premium be decided?
Under the scheme, the premium of the policy will be decided according to the model of your mobile and how old the mobile is. By the way, the amount of initial premium will be from Rs 250. Real India CEO Madhav Sheth said in a statement that we always aim to provide the best solution to our 1.2 customers and ICICI Lombard is a great option. According to Sanjeev Mantri, Executive Director, ICICI Lombard, the tie-up with the fastest growing smartphone brand in India is part of their aim to provide insurance cover to all Indians.
Aim of realme
Realme aims to insure mobiles of 10 lakh Indians in the next 2-3 years. Realme’s digital payment platform provides a platform to take affordable digital insurance to a wider audience in large and medium cities as well as smaller towns. That’s why Realme Peys’s partnership with ICICI Lombard is being considered as an important step. Under this, efforts will be made to provide insurance to maximum number of people in India.
realme Paysa launched in december 2019
Realme launched Realme Paysa as an app-based platform in December 2019. It was started by realme with four businesses including lending, savings, payments, and security. Apart from the recently launched screen protection insurance, realme also plans to offer mutual funds and credit reports under the PESA platform.