FreeCharge e-Wallet Protection Plan Launched in India

By | December 21, 2016

FreeCharge e-Wallet insurance review: Indian market is the huge opportunity for the insurance segment and that is clear with the  new launches happening in every year in different segments. This time an insurance policy to protect your wallet money from theft or loss of mobile.

Freecharge has launched India’s First e-wallet insurance plan to provide protection to their users from mobile theft or mobile phone loss.

What is FreeCharge e-Wallet Protection Plan

In simple terms, as we are using digital payment ways after demonetization and there are various wallet payment systems which has been come into picture. Now, suppose you have some money in your freecharge wallet balance and you have lost your mobile phone.

In that scenario, freecharge will provide an insurance coverage of Rs 20,000 in case you bought the FreeCharge e-Wallet Protection Plan.

All FreeCharge wallet balances upto Rs 20,000 insured in case of phone theft/loss FreeCharge, Reliance General tie up to provide customers free insurance on wallet balance.

How To Buy Freecharge e-wallet Insurance plan

Freecharge has launched this policy with the collaboration of Reliance General insurance company. That means you can directly buy the e-wallet protection plan from them or you will be provided an option while either registering with Freecharge e-wallet.

I am also sure that, existing freecharge users will also get notification to get this new insurance policy to secure their e-wallet account online. You may get some freecharge coupon code to get some discount on the insurance policy premium and to know that you should refer to freecharge official website.

How To claim Freecharge e-wallet protection insurance plan

In case of a phone loss or theft, all the customer needs to do is to file an FIR within 24 hours at the local police station and report the same immediately to FreeCharge via e-mail or by calling customer care.

Make sure that you are using your Freecharge account for online payments at least once in a month to stay eligible for this insurance claim.

Do you think this FreeCharge e-Wallet insurance plan will encourage people or will be able to protect people online? Moreover will it be able to provide people the security and get involve in more cashless economy? I am sure Paytm, Mobikwik is also working on the same to beat the competition. Share your thoughts here by writing a simple comment.

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