Telecom operator Vi on Monday, December 15, launched an industry-first handset theft and loss insurance plan for its prepaid customers on both iOS and Android devices. Available with select prepaid recharge packs, this offering addresses a major customer concern related to smartphone loss, which is largely not covered by traditional damage-only insurance policies. As per the company, Vi prepaid customers can claim theft/loss protection cover of up to Rs 25,000 with packs starting at just Rs 61.
Smartphone Penetration and Rising Replacement Costs
According to a report published by the Ministry of Statistics and Programme Implementation (MoSPI) in May 2025, about 85.5 per cent of households have at least one smartphone.
According to an industry report, the handset insurance market is estimated to reach $2.6 billion this year, growing at around 14 per cent annually, while the cost of replacing a mid-range phone typically ranges between Rs 20,000 and Rs 25,000.
Vi Handset Theft and Loss Insurance: Pack Details
Vi’s handset theft and loss insurance recharge is available in three packs, priced at
- Rs 61 (30 days),
- Rs 201 (180 days), and
- Rs 251 (365 days)
According to the telecom operator, these packs offer insurance and data benefits up to Rs 25,000 as protection against handset loss or theft.
Insurance Coverage Integrated with Prepaid Recharges
By integrating insurance coverage into everyday prepaid packs, Vi aims to address market gaps related to high premiums, convenience and accessibility, the company said in the release.
Handset Loss Insurance Plans by Vi
| Product MRP | Sum Insured | Telco Benefit | Handset Insurance Validity |
|---|---|---|---|
| Rs 61 | Up to Rs 25,000 | 2GB for 15 days | 30 days |
| Rs 201 | Up to Rs 25,000 | 10GB for 30 days | 180 days |
| Rs 251 | Up to Rs 25,000 | 10GB for 30 days | 365 days |
Vodafone Idea Share Price Today
Vodafone Idea (Vi) shares rose 3 per cent to hit a 15-month high of Rs 12.02 during intra-day trade on the BSE on Monday, even as the broader market remained weak. Shares of the telecom operator rose for the third consecutive session, gaining 12 per cent during this period amid heavy trading volumes.
So far in December, Vi shares have gained 21 per cent and are trading at their highest level since September 18, 2024. The stock has made a sharp comeback of 96 per cent from its 52-week low of Rs 6.12 touched on August 14, 2025. At 1:39 pm, Vi shares were trading 1.46 per cent lower at Rs 11.47 on BSE.
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