[Exclusive] Vivo partners with HDFC Ergo to offer insurance up to Rs 10 lakh in India

The insurance scheme is valid on all Vivo smartphones, including those priced below Rs 9,990

Highlights
  • Vivo has partnered with HDFC Ergo to offer accidental insurance on purchasing a phone
  • Customers will get the sum insured up to Rs 10 lakh from HDFC Ergo
  • The sum insured amount will vary according to the price of the Vivo phone

Vivo seems to have joined hands with general insurance company HDFC Ergo to offer insurance scheme to its customers upon purchasing a Vivo handset. Amidst the COVID-19 pandemic, Vivo is bundling an accidental insurance amount with every Vivo smartphones, including those priced in the budget segment. As per the image (shown below) shared with 91mobiles by retail sources, the HDFC Ergo sum insured will vary based on the price of the Vivo phone. For a Vivo smartphone priced below Rs 9,990, you’ll get Rs 1,00,000 sum insured. This goes up to Rs 10,00,000 for the handsets priced Rs 40,000 or above. The scheme has already started in Gujarat and an official announcement is expected soon.

We have reached out to Vivo for more details on the scheme, including how a customer can purchase the insurance with the handset, duration of the insurance, and whether this is valid for both offline and online purchase. An image shared by a retail source with 91mobiles confirms the insurance will be provided to people between the ages of 18 and 65 and that the insurance will be valid for 1 year of purchase of the smartphone. We will update the story as and when we receive new information from the company. Since Vivo is yet to officially announce this scheme, these are all the details we can provide at the moment.

Vivo HDFC Ergo Insurance scheme

Separately, Vivo is celebrating the 74th Independence Day with offers on a range of its smartphones, including the newly launched Vivo X50 series, V19 and Y50 across offline and online platforms until August 16th. The offers include up to Rs 4,000 cashback with HDFC and ICICI bank debit and credit card on X50 series. Additionally, there is one-time screen replacement by paying Rs 1,990 on X50 series and Rs 999 on V19 at the time of service/repair at authorized Vivo service centres within 6 months. Customers can also avail lowest EMI options starting at Rs 999 with Bajaj Finserv and up to Rs 4,000 cashback with Federal Bank Debit Card and EMI transactions, among other offers during the sale.

~with inputs from Mukesh Kumar Singh