Thread by @myfinology

Who called #Apple a tech company and not an insurance company!

infact, Apple is the Smartest Insurance Company 😎

Here's why 👇 (1/6)

#NASDAQ100 #stockmarkets

What’s the biggest loss for Insurance companies? 🤔

- Insurance Claim

If policyholder comes & asks for a claim, insurance companies have to pay the claim from their pocket.

But, Apple has found a way to dodge this bullet ⤵️

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Apple’s insurance policy for iPhone ‘AppleCare+’ costs around Rs 20K

Without this insurance, if your iPhone’s screen gets broken, you’ll have to shell out around Rs 40K to repair it.

Apple uses this as a bait to sell its insurance policy!

But well, there’s more 👇👇

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Buying that insurance surely gives you the satisfaction that Apple will bear the cost in case of uncertainty.

But in reality, to avail of the claim, you’ll have to pay another Rs 6K as ‘incidence fee’! 🙄

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Here's how Apple is doing insurance the smart way -

▶️ Firstly, charge high repairing cost (40K)
▶️ For avoiding high costs, insist customers to buy an insurance policy (20K)
▶️ Charge additional money (6K) for claim which covers the repairs!

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Apple doesn’t pay a penny frm its pocket to settle its insurance claims. Rather, obtains money for free! 🤑

We won't comment on whether u should insure ur phone or not. But we care about u & provide d best life & health insurance recommendations at Recipe.finology.in

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