E-commerce marketplace Flipkart and Bajaj Allianz General Insurance have launched a cyber insurance cover for online financial frauds.
The product, ‘Digital Suraksha Group Insurance’, will help customers who want to cover themselves against financial losses caused as a result of cyber attacks, cyber frauds, or other such malicious activities across various online platforms, said a company statement on Tuesday.
Also read: Cyber attacks rise as firms cut spends during Covid
It will compensate for direct financial loss (up to the sum insured) due to unauthorised digital financial transactions as a result of identity theft arising out of cyber-attacks, phishing/spoofing, and SIM-jacking.
“Customers can opt for a one-year cover at premiums as low as ₹183 for a cover of ₹50,000,” it further said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.