How to Insure your mobile phone

Hello Friends,
                    Todays topic is about how to insure your mobile phone.
this is a very nice option for all mobile users to save your mobile phone from theft and all.
Steps/how to 

1. when purchasing a mobile phone ask if there is insurance option for the phone.
2. prefer buying phone from a dealer who has the option for insuring a phone.
3. they will give a form to fillup when buying phone for insuring the phone
4. actually it costs a little about 2.99% of the actual price of the mobile which you are buying for the insurance thing.
5. if the mobile is lost and is in the insurance period then you must carry your purchase bill, FIR(First Intelligence Report) from the police station and proof of duplicate sim card purchase and submit that to the bank which the phone is insured to
6. If your mobile lost story is genuine then after one month you will get the money back from the bank which you insured the phone.
7. Things to note:- if the phone price is below Rs.10000 then you need not saubmit the documents like FIR copy and all.if its more than Rs.10000 you should submit the documents.