TIM Brasil says mobile insurance sales up by 500% in Q1

Monday 10 June 2013 | 10:14 CET | News
The 'Connected and Protected' mobile device theft insurance product jointly offered by TIM Brasil and Assurant saw a 500 percent increase in sales in the first quarter of 2013, compared with the same period last year. In some stores, uptake has reached 60 percent of devices purchased. The increasing penetration of smartphones in TIM's user base is reflected in the insurance sales, with over 70 percent of cover taken up by customers who purchase handsets csting over BRL 1,000 and 25 percent for models costing over BRL 2,000, such as the iPhone 5. Connected and Protected has no grace period and

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Categories: Mobile & Wireless
Companies: TIM Brasil
Countries: Brazil
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