Insurance on sim cards
Q: Nashua mobile offers the following contract:
Insure your SIM card effectively against theft, loss or damage with SIMSure. Pay R4.20 monthly to cover your SIM card, and if it is lost, stolen or damaged, Nashua Mobile will replace the SIM card at no extra charge. Why fork out a large lump sum to replace your SIM, when you can pay a small monthly premium for ongoing peace of mind? Terms and conditions apply.
Is this contract permissible or does it fall under the category of haraam insurance?