Coverage of up to Rs. 2 Lakhs | Buy Cyber Insurance at just Rs. 299

What is Cyber Insurance?

Growth in technology-driven financial transactions has also increased the risk of getting duped by fraudsters. However, with an effective Cyber Insurance policy, you can get yourself covered against fraudulent transactions, phishing and other cyber-attacks. This multi-beneficiary cyber insurance plan is available at the portal of Bajaj MARKETS, starting at just Rs.299. You can purchase this policy from this portal at an affordable membership charge.


Let’s know the details of this pocket insurance along with its benefits, coverage, application procedures, inclusion/exclusion, etc.

Key Features and Benefits of Cyber Insurance Plan

Here are the features and benefits of this Cyber Insurance plan:

Coverage for Fraudulent Financial Transactions

You can cover the losses caused due to unauthorised transactions from your account to a different account without your authority/knowledge.

Coverage against SIM-jacking

The policy provides coverage against the financial loss due to SIM card hijacking by scammers.

How to Apply for Cyber Insurance?

The application process is simple and hassle-free. All you have to do is follow a few simple steps to get covered:

  • Click on Buy Now

    Tap on ‘Buy Now’ on the product page

  • Fill in the Details

    Enter the required details in the online application form

  • Make the payment

    Complete the quick online payment

 Eligibility Criteria for Cyber Insurance

Insured individuals must be under the age group of 18 to 60 years to be eligible to purchase this pocket insurance policy.

What’s covered?

The cyber security insurance policy gives the following coverage to insured individuals:


  • Financial Frauds

The policy covers your monetary loss owing to unauthorised transactions to a third-party account from your registered account. Here are three modes of financial fraud against which you get the coverage:

  • Cyber-attacks

In this type of fraud, the scammers get unauthorised access to your computer system. This way, they steal your important data from your computer to a third-party system without your authorization. Fraudsters use all the stolen information to transact the amount from your account.

  • Phishing Attacks through Emails, Calls, Messages or Links

You fall into the trap set by fraudsters through emails, calls, messages and links and end up providing sensitive information. By getting your confidential credentials such as card details, usernames, and passwords, scanners steal money from your accounts without your authority.

  • SIM-jacking

The defrauder takes your SIM card without your knowledge and uses that for financial transactions.

So, through this cyber insurance coverage, you can get the much-needed financial help and secure your hard-earned savings.

Cyber Insurance Policy Plan Details & Specifications

Here is all your need to know about this policy:

  • Coverage:

You can get financial coverage up to Rs. 2 lakhs against this cybercrime insurance policy.

  • Membership Charge:

The cost of this pocket insurance starts from Rs. 299.

However, the policy comes at a different price range that influences the maximum coverage amount, as mentioned in the table below:

Membership Cost


Rs. 299

Rs. 25,000

Rs. 349

 Rs. 50,000
 Rs. 399

Rs. 1 lakh

Rs. 499

Rs. 2 lakhs

  •   Eligibility:

Individuals must be 18 to 60 years old.

What’s not covered?

Here are all the circumstances under which you cannot get the policy benefits:


  • Financial Frauds Involving Physical Cash

The insurer will not cover the financial losses involving physical money. In fact, physical cash debited from ATMs also remains uncovered under this plan.

  • Monetary Loss due to Theft of Smart Devices and Cards

You cannot claim coverage if your lost card and smart devices are used for encashing amounts without your approval.

  • Negligence in Protecting Sensitive Data

You cannot get coverage against this pocket insurance if the financial loss results from your negligence in protecting your confidential information.

  • Losses Caused during Trading/Purchase

The insurer is not liable to cover the financial losses associated with purchase/dealings/sales of commodities, currencies, securities, crypto and non-fiat currencies, etc.

  • Deliberate/Purposeful Financial Loss

Claim against planned or premeditated financial loss with the purpose of getting coverage is illegal. Policyholders will not get coverage under this circumstance.

How to File a Claim?

You can file a claim against this cybercrime insurance policy in the following ways:


  • Website:

You can request policy coverage through the official website of Bajaj Allianz.

  • Telephonic Call:

You can also dial 1800-209-5858 to request the policy coverage.

  • Email:

Send an email to to claim coverage.

Documents Required to Process the Claim

Here are all the documents you require during the claim process for this cyber risk insurance plan:


  • Duly filled-in claim form

  • Police FIR

  • Credit or savings account statement as proof of the fraudulent transaction.

  • Payment receipt

Apart from these, you may need to provide additional documents during the claim in order to prove your fraudulent financial transactions.

Cyber Insurance Customer Care Details

If you have any queries regarding this Cyber Insurance policy, feel free to connect at

Cyber Security Insurance - FAQs

  • ✔️Why do I need Cyber Security Insurance?

    Cyber security insurance gives you coverage against the financial losses caused due to data theft, security breach, phishing attacks, etc. As cases of these frauds are increasing every day, you may need a hedge against these sudden unauthorised financial attacks. Cyber Security insurance gives you substantial financial coverage against these attacks.

  • ✔️Which payment modes are available to buy the Cyber Insurance policy?

    You can buy Cyber Security insurance by paying through mobile wallets, UPI or credit/debit cards.

  • ✔️Will I get any coverage if a third person withdraws money from an ATM without my knowledge?

    No, you cannot get any coverage if you fall victim to unauthorised usage of your debit card for withdrawing money from ATMs.

  • ✔️What is the age limit for purchasing the Cyber Insurance plan?

    In order to be eligible for availing of the policy, you must be in the age group of 18 to 60.

  • ✔️Do I need to inform a nearby police station about the financial fraud before claiming the Cyber Insurance coverage?

    Yes, you must inform the nearby police station and file an FIR about the unfortunate incident. You need to submit a copy of this report while claiming coverage.