Cyber Security Insurance

What is Cyber Insurance?

Cyber insurance is an important policy that you must get to protect your essential and sensitive details from online hackers. These hackers aim to gather your bank account credentials and transfer money to their personal accounts. However, you can make a smart move by getting cyber insurance for as low as Rs. 299 per year.

The details of the cyber insurance policy plan are as follows:

• Substantial coverage - You can opt for coverage of up to Rs. 2 Lakhs in case of financial loss due to cybercrime.

• Low membership charge - The membership cost for different plans of this pocket insurance policy are as follows:

   

The importance of cyber insurance is as follows:

• You can raise a cover against all the risks and frauds that you can be exposed to online.

• It offers protection against hackers who can access the sensitive data of your customers.

• Cyber insurance provides protection against financial and reputational loss of businesses dealing with extensive online data.

The benefits of the Cyber Insurance plan are as follows:

• SIM-hijacking coverage
  You can claim coverage if you lose money due to SIM-hijacking by hijackers and scammers.

• Fraudulent financial transaction coverage
  You can claim this insurance against financial loss due to fraudulent transactions by scammers.

Cyber insurance is highly beneficial for

• E-commerce businesses - They have a lot of sensitive information stored, such as card details, account numbers and PINs of individuals who shop from those sites.

• Companies storing customer information - There are companies that need to store sensitive customer information. This must be protected from the reach of fraud to protect their details.

Your age must be between 18 and 60 years to qualify for cyber insurance.

You can file a claim via the following methods:

• Call - You can make a telephone call at your convenience at 1800-209-5858 to file a claim.

• Email - You can write an email at bagichelp@bajajallianz.co.in to make a claim.

• Website - You can visit the official website of Bajaj Allianz to raise a claim.

The essential documents to raise a claim are as follows:

• Original copy of FIR

• Payment receipt

• Account details reflecting the fraudulent transaction

• Additional documents to prove the validity of your claim

Below are some tips that you can follow to enhance your security online - 

• If you notice any malware, instantly file a report against it.

• Opt for measures to strengthen your security online.

• Keep funds aside to take necessary measures to enhance cyber security.

• Opt for cyber insurance to access substantial coverage during cybercrimes.

You can approach the customer care of Bajaj Markets at insuranceconnect@bajajfinservmarkets.in in case you have any queries or confusion while raising a claim.