Cell Phone Insurance

Mobile today no longer only have a warranty card from the manufacturer that only provide a limited warranty for damage only.

Mobile products, or commonly referred to as mobile phone or cell phone, now also began equipped security guarantees and insurance to provide protection against other risks beyond that guaranteed by the manufacturer warranty.

Just like car insurance, there is one mobile phone network operators who cooperate with an insurance company to provide insurance model TLO (Total Loss) for the property phone customers.
TLO Insurance for hape it involves risk of loss caused by the disaster robbery.

Insurance premium is pretty cheap, only $ 550 for a one-year warranty period.
However, as competition in the business world. The move was also beginning to be followed by an other insurance companies.

And, no half-hearted, given the scope of insurance risk models All Risk insurance.
So the risk is borne not only because of lost phone robbed.
Risks also include coverage for damage due to dropped or submerged water.

Premiums are paid annually into a little more expensive, that is equal to 3% of the price of insuring that cell phone.

The phenomenon of insurance on this phone products continued to show how domestic markets asia indeed tempting.

When viewed from the amount of the premium is small, only about money assessed thousands to tens of thousands of dollars only. Much smaller than the premiums for automotive products or property that the value premium can be up to the range of millions of dollars, even tens of millions of dollars.


However, if seen from the number of mobile phone users, then the value of its business is promising.
Currently, the number of mobile phone users in Asia are more than 40 million people or approximately 20% of the total world population.

A number of very could have been more than ten times that number of mobile phone users in Singapore as one example.

So even if ARPU (Average Revenue Per User) of mobile phone users in Asia is lower than Singapore, but if the number of users multiplied times more, then the potential economic value, actual Iasia not lower than Singapore.

The final word It was incredible the huge potential domestic market forces Local.
Hopefully, the potential is not only continues to be just a market that was exploited, but that potential can be changed in the form of welfare for all citizens.