Hello Mobile Launches 'Unlocked iPhone Device Insurance'

[Asia Economy Reporter Koo Chae-eun] LG HelloVision Hello Mobile launched the 'Unlocked iPhone Device Insurance' for USIM subscription customers on the 16th.

The 'Unlocked iPhone Device Insurance' consists of ▲Comprehensive type (loss?damage) with 2 options ▲Damage-only type with 1 option. Any customer who activates a new unlocked iPhone together with a Hello Mobile USIM can subscribe regardless of the model. The coverage has been expanded to include not only damage but also loss. For the damage-only insurance, the maximum coverage amount is about twice as high compared to similar products from other companies.

For example, a customer who purchases the latest iPhone 12 unlocked and subscribes to the 'iPhone Loss/Damage Insurance 120' can receive up to 1.2 million KRW in compensation over 36 months depending on the type of device accident. In case of loss or theft, a new device of a similar model is provided once. In case of damage such as water immersion or fire, repair costs are covered without limit on the number of times within the compensation limit.

The subscription and compensation procedures are also simple. Customers can apply for device insurance through the customer center within 30 days after activating the Hello Mobile USIM. Compensation is handled through KB Insurance. The maximum subscription period for the device insurance is 36 months (early termination possible). The deductible is set at 30% of the repair cost. Han Jeong-ho, head of LG HelloVision Mobile Business Division, explained, “As USIM subscriptions by the 2030 ‘luxury frugal group’ who want to minimize communication costs while using high-end premium phones are rapidly increasing, we have prepared device insurance to maximize their satisfaction.”

This content was produced with the assistance of AI translation services.