Nokia to Offer Insurance and Extended Warranty on its Smartphones

Mukul Yudhveer Singh


HMD Global has partnered with Servify to offer extended warranty and insurance plans to consumers buying Nokia smartphones

Pic credit – Nokia

HMD Global, the home of Nokia phones, today announced insurance offerings for its range of Nokia smartphones in partnership with Servify. The new insurance plans have been launched at a starting price of Rs 399.

Ajey Mehta, vice president and country head, HMD Global, India said, “We carry our phones everywhere and it’s difficult to be without them. Which is why it’s essential that we remain worry-free as we go about making the most of our day. Nokia phones stand for reliability and trust and we are taking this promise even further by partnering with Servify to offer affordable and comprehensive insurance and extended warranty plans.”

Mehta added, “We have been speaking to our fans across the country and believe that this initiative will help them care for their Nokia smartphones and protect their investments.”

Nokia after failing to capture the smartphone market with its Windows powered smartphones had launched first android smartphone in 2017. The sales of android powered Nokia smartphones has picked up but isn’t as big as it used to be when Nokia dominated the mobile phone segment in India. The move to extend warranty plans in collaboration with Servify may be the company’s attempt to cement its space in the smartphone market.

A research published by Counterpoint had earlier claimed that Nokia had managed to capture eight per cent feature phone market during Q2, 2018. However, the smartphone maker had failed to make it to the top five when it comes to smartphone sales. The four top players in smartphone segment during Q2, 2018 included Samsung, Xiaomi, Oppo and Vivo.

Servify to provide insurance plans with 12-month cover

Consumers who purchase Nokia smartphones can choose from three types of insurance plans with 12-month cover provided by Servify. These insurance plans include – Nokia phones insurance plan with accident and liquid damage protection plan, Nokia phones screen protection plan and extended warranty plan.

Users can purchase the first and second plans within 15 days of purchasing a new Nokia smartphone. The extended warranty plan will be available for purchase 365 days from the smartphone purchase date.

A press release issued by the company claims that the new plans will help users safeguard their Nokia smartphones against risks that are typically beyond the purview of the standard warranty.

Sreevathsa Prabhakar, founder, Servify, said, “We are extremely happy to partner with HMD Global to launch insurance and extended warranty plans for Nokia smartphones. We believe that trust and reliability are cornerstones of a great consumer experience. We will make our best efforts to deliver an uncomplicated and transparent experience for Nokia smartphone fans by leveraging our after-sales tech platform.”