Apple’s latest iPhone lineup (iPhone 17 series and iPhone Air) comes with premium pricing and high‑end specs. With those features come risks: damage, theft, liquid spills, etc. To protect your investment, several insurance and protection plans are available in India. This document highlights the types of insurance available, examples, and key considerations.

Why Insurance Matters

- iPhones are expensive to repair (screen, back glass, camera modules).
- Insurance reduces costs from accidental damage, theft, or hardware failures.
- Extended warranty and protection ensures peace of mind.

Types of Insurance / Protection Plans

Type of Plan                                                               Coverage                                                                                                                       Limitations

Applecare+                                      Hardware defects, Accidental damage, Battery Replacement                           No theft/ loss cover, deductibles apply, must buy early.

Third Party mobile Insurance     Accidental, liquid damage, theft, loss, cashless repairs                                         claim limits, exclusions, depreciation.

Retailer Add on Plans                   Screen damage, liquid damage, theft                                                                       Limited coverage, slower service, strict theft rules.

Examples in India

1. AppleCare+ (India) – Extended coverage for defects, accidental damage, and battery issues.
2. OneAssist – Covers theft, accidental damage, and liquid damage, with free pickup/drop.
3. DigitInsure – Comprehensive plans for physical damage, theft, and liquid damage.
4. CPP/Bajaj Finserv – Pocket insurance plans for screen and hardware issues.

Key Questions to Ask

- Does the insured value match the phone price?
- What risks are included: theft, water damage, loss?
- How many claims can be made per year?
- Are repairs done at authorised service centres?
- What documents are needed for claims?

Future Trends

- Inclusion of theft/loss in brand warranty programs.
- Micro‑insurance style short‑term coverage.
- Faster claims with digital processes.
- Bundling insurance with EMI/retail purchase.

Conclusion

Buying insurance or protection for a premium phone like the iPhone 17 or iPhone Air makes financial sense. Manufacturer plans such as AppleCare+ provide warranty extensions and accidental damage coverage, while third‑party insurers add protection against theft and liquid damage. A few thousand rupees spent yearly can save much higher repair costs.