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

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.

Why is Cyber Insurance important?

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 sensitive data of your customers.

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

Key Features and Benefits of Cyber Insurance Plan

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.

How to Apply for Cyber Insurance?

Below are the steps by which you can apply for cyber insurance:

  • Select the 'Buy now' option

    Find the 'Buy now' button on the page and click on it.

  • Input required details

    Enter the required details in the online application formFill in all the essential information to proceed with your application.

  • Complete the payment

    Complete the online payment procedure to finish the application process.

Who needs Cyber Insurance?

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. 

Eligibility Criteria for Cyber Insurance

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

What's covered?

  • Cyber-attacks

    If you notice any unauthorised transaction on your account, you can claim this insurance.

  • SIM-hijacking

    Fraudsters hijack your SIM card for transactions leading to substantial financial loss.

  • Phishing attacks

    Protect your information and money from fraudsters with malicious intentions.

Cyber Insurance Policy Plan Details & Specifications

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:

Membership Charge


Rs. 299

Rs. 25,000

Rs. 349

Rs. 50,000

Rs. 399

Rs. 1 Lakh

Rs. 499

Rs. 2 Lakhs

What's not covered?

You cannot make a claim for cyber insurance under the following circumstances:

  • Frauds involving cash

You cannot raise a claim in case you end up losing cash and not due to online transactions.

  • Negligence in data protection

You cannot claim this insurance if you lose money due to utter negligence in protecting sensitive information.

  • Financial loss due to theft

This policy does not cover the financial loss of cash that you encounter due to theft.

  • Purposeful financial loss

If you purposefully lose funds due to carelessness, you cannot claim this insurance.

  • Loss during trading

You cannot claim this insurance if you lose money during online trading in the market.

  • Financial loss due to misplaced cards

If you lose money as a result of a loss of cards or smartphones, you cannot claim this insurance. 

How to File a Claim?

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 to make a claim.

  • Website 

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

Documents Required to Process the 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

Tips to enhance Cyber Security

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.

Cyber Insurance Customer Care Details

You can approach customer care of Bajaj MARKETS at in case you have any queries or confusion while raising a claim.

FAQs on Cyber Security Insurance

  • ✔️What are the payment modes available while applying for cyber insurance?

    You can complete the payment using a credit or debit card or online payment wallets.

  • ✔️Is it mandatory to involve the police in claiming cyber insurance?

    Yes, it is mandatory to involve the police as you need to produce an FIR while claiming cyber insurance.

  • ✔️Can I claim coverage if my wallet is stolen on public transport?

    No, you cannot claim insurance if your wallet is stolen on public transport.

  • ✔️Can I extend my cyber insurance plan after 1 year?

    No. You need to buy a new plan to enjoy benefits similar to the current plan.