ICICI Lombard introduces Cyber Insurance cover for the victim of online fraud

Jun 30 2020 02:10 PM
ICICI Lombard introduces Cyber Insurance cover for the victim of online fraud

New Delhi: In the era of the Corona epidemic, when digital transactions have increased, the cases of online fraud are also increasing. Whether it is a common man or a special person, everyone is vulnerable. In such a situation, ICICI Lombard General Insurance Company has brought an insurance policy to give relief to the people. It is worth mentioning that people who cheat online often do long shopping with their credit card after knowing the secret details of people or clear their hands on their bank account.

Such people get relief from the bank or credit card company in very few cases. In view of this, ICICI Lombard General Insurance Company has come up with a retail cyber liability insurance policy. Under this, people will be given insurance cover to protect them from the dangers of the digital world. Along with taking this policy, their family members also get cover under it. When a policyholder suffers significant financial losses in digital transactions through an online (cyber) fraud or some other way, their losses are repaid by this insurance policy.

This policy is also very economical. Its premium ranges from Rs 6.5 to Rs 65 daily. Under its police, there is between Rs 50,000 and Rs 10 lakh even insured. That is, if you suffer a loss of 50 thousand rupees to 10 lakhs from any such fraud, then the insurance company will compensate it. In this, the policyholder's family, including his children, is covered for one year.

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