#%k6kj8673s_text_s#%If the unit is not repairable for any reason as per the coverage, or the cost of repairing the unit exceeds the unit’s current market value; we may offer to replace your product or make a monetary settlement reflecting the prevailing market value of your product post depreciation applicable. The prevailing market value will be the cheapest price available as determined solely by us. #%k6kj8673s_text_e#%
e.g. Let’s assume that you bought a device originally for Rs. 22,999 for which we are going to provide a replacement. If the product is now available for sale at Rs. 22,000, then the prevailing market value for your product will not be higher than Rs. 22,000. The settlement amount will be calculated by applying depreciation on Rs. 22000 as per the age of your product in this case.
If a replacement (either by way of replacement product or a monetary settlement) is made, there will no longer be coverage under the contract and all obligations will be deemed satisfied. Please refer the T&C for more details.