Let us see various options of protecting mobile phones -
You need to file an FIR with the nearest police station on loss of mobile phone. You need to submit the FIR and invoice to the relevant organization. Any insurance claim on mobiles has to be filed within 48 hours of the loss/damage.
You have to assess how important your phone is in your life and the cost of your phone. If all activities revolve around the phone like your business, social life etc. and you have an expensive phone(>Rs. 20000), do check on insurance plans. Most insurers do not cover loss of phone when it is misplaced or left behind somewhere and forgotten which is not good from a customer's perspective as that is a common way of losing the phone.
Let us know if you have an insurance cover for your phone and your experience with it.
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