what about the Sify modem ?Would have thought it stopped there...do a search in the forum, this happened to me as well but there was no modem , just a cable that came over the trees into my nic..a real lightning magnet

Surge protectors come in varying prices and coresponding levels of protection. This is something i would expect the ISP to sort out but not many bother since there is no liability for them. I tried to get the AIrtel guy to show me the one they used after he assured me they used them but he kept making excuses etc and the usual..i will get back to you..which of course he never did.IF the earthing in your house is properly grounded the biggest risk is from the cable that come comes form outside. A half-way solution woudl be to use a hub in the hope that gets fried before it reaches your NIC. I think
Linksys does some that allow you to attach a grounding wire, but don't think these are on sale in india, u might have to import from abroad.The downside of a surge protector is that it will cause some loss of speed.