In 90's people realised that getting Mobile Phone Insurance is also important. Phones are also expensive commodities and it is difficult to bear its loss. This was a reason to worry for the retailers as well.

Retailers were thinking that they are offering handsets at cheap rates and sometimes absolutely free with numerous contract deals. The retailers give these handset at so low cost as they calculate their income from the fixed amount that they are going to get at the end of every month as line rentals and call charges. These subsidised rates are given only on a single handset for a single contract.

Many users enter in long contracts like for 2 years 3 years etc. when they buy a brand new mobile phone. So if a person's mobile phone gets stolen, lost or damaged within the contract period then he or she may have to buy the handset gain and this time they have to pay full amount and would not get it at reduced rates. Hence Mobile Insurance is a must. As soon as you buy a handset you should immediately get it insured. Mobile Insurance saves on your hard earned money which you have to pay in case of a mishap when you need to purchase a new phone.