{
  "id": 7734786,
  "title": "Have You Ever Considered Buying Smartphone Insurance? Here's Why It May Soon Become A Necessity In India",
  "url": "https://urgent.news/2026/09/16/have-you-ever-considered-buying-smartphone-insurance-heres-why-it-may",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-16T07:04:09.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/tech/have-you-ever-considered-buying-smartphone-insurance-heres-why-it-may-soon-become-a-necessity-in-india"
  },
  "original_language": "en",
  "account": "India's rising smartphone prices, fueled by an AI-driven memory chip shortage, are prompting consumers to reconsider the necessity of purchasing smartphone insurance. Servify, a device lifecycle management platform, reports that insurance costs for premium smartphones are 30 to 40 percent higher than those for mid-level devices. Founders Sreevathsa Prabhakar notes that longer device lifecycles and rising costs have increased the purchase of protection plans alongside smartphones. As people now keep their phones for longer periods, protection plans become more crucial. When customers hold an iPhone for three years or more, the likelihood of issues such as accidental damage, battery wear, and out-of-warranty hardware problems increases. These risks fall within the window where a protection plan proves valuable. Higher prices, such as those of iPhones nearing Rs. 4.5 lakhs, encourage users to repair rather than replace their devices. For a premium device like the iPhone, held for an extended period, the case for protection plans becomes even stronger. With the projected 6.9 percent year-on-year increase in global smartphone prices, driven by memory chip shortages and supply bottlenecks, component costs are expected to rise significantly. This trend suggests that insurance and extended protection plans will likely become a default part of the smartphone purchasing decision in India.",
  "summary": "Have you ever considered purchasing smartphone insurance before? Rising smartphone prices, driven largely by an AI-fuelled memory chip shortage, are changing how Indian consumers think about protecting their devices. Device lifecycle management platform Servify claims that insurance along with premium smartphone purchases run 30 to 40 percent higher than mid-level devices. The company claims to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}