In an exciting merger to combat online financial fraud, Walmart-owned Flipkart and Bajaj Allianz General Insurance Company, India's leading private general insurer, have come together to offer 'Suraksha digital group'. Provides coverage against financial loss caused by cyber attacks or online fraud during any transaction. The policy may apply when purchasing certain models of mobile phones, laptops, tablets and audio devices on Flipkart. The insurance system compensates direct financial losses (up to the insured sum) due to unauthorized digital financial transactions resulting from identity theft resulting from cyber-attacks, phishing/identity theft and kidnapping. SIM. Clients can opt for a one-year cover with premiums as low as Rs.183 for a cover of Rs.50.000.
Cyber fraud is on the rise
Tapan Singhel, Managing Director and CEO of Bajaj Allianz General Insurance, said: “Cyber attacks are a threat Personal data is at stake With this Digital Suraksha group insurance introduced on the Flipkart platform, at less than 50 paise per day, you can protect yourself against the financial risk of being defrauded online. Commenting on the new offering, Ranjith Boyanapalli, Head - Fintech and Payments Group, Flipkart, said: “As the holidays approach, we want to ensure that the online shopping experience for customers, across any digital medium, is free from stress and apprehension.” A recent survey by NortonLifeLock said that around 80% of respondents said they had been a victim of cybercrime at some point in their life. Now, with customers spending more time online, they are more vulnerable to cyberattacks than ever before, especially those directed at people.
Features of this insurance plan
Clients can get coverage of Rs 50.000 (for a premium of Rs 183), Rs 100.000 (for a premium of Rs 312) and Rs 2.00.000 (for a premium of Rs 561), for a period of 12 months, with hedges that also extend up to Rs. The insurance covers online transactions for debit cards, credit cards, digital wallets, UPI, and internet banking. The claim is admissible if the money loss is reported within 90 days of its occurrence. The policy provides worldwide coverage and provides protection while traveling internationally.