BK Modi-promoted HotSpot has launched 'Mobi SafeGuard', a unique, all-inclusive warranty for mobile handsets in the domestic market. However, the facility becomes applicable, only when purchased with new handsets.

The company official stated that Mobi SafeGuard will covers repair of all kinds of handset faults including liquid and physical damage for a 2 year period.

In addition, the facility also provides a 2-year extended warranty that adds to the average life of the phone, and moreover if the handset is not repairable, the company will provide a refund equivalent to 50% of the existing market value of the particular mobile handset model.

The cost slab for Mobi Safe Guard will be as under:-

Cost of the handset         Cost of Mobi SafeGuard
Up to Rs. 5,000/-             Rs. 300
Rs. 5001 - Rs. 10000         Rs. 600
Rs. 10001 - Rs. 15000         Rs. 1200
Rs. 15001 and above         Rs. 1500

Apart from latest development, the company plans to open between 100-125 stores in current year.