India’s First Cyber Safe Insurance Policy by Bajaj Allianz

On November 2nd 2017 Bajaj Allianz has launched ‘Bajaj Allianz Individual Cyber Safe’ policy, a cyber-protection product for individuals, which provides coverage to customers who fall victim to threats such as cyber-attacks, cyber extortion and cyberbullying.

As you can see more and more people are doing digital transactions on daily basis, cyber risk are also increasing. People are victimized of E-mail Spoofing and Phishing. Important data are getting lost due to Malware.

Announcing the launch of the cover, Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance said, “In an increasingly connected digital world, the amount of personal data being generated, transmitted, and stored on to various digital devices is growing at an exponential rate. The critical nature of this data and the complexity of the systems that support its transmission and use, have created a gamut of cyber risks. Therefore, with cyber-attacks and threats becoming more sophisticated and prevalent, at Bajaj Allianz we identified the need for a cyber-Insurance cover for Individuals.”

He further adds, “With this cyber insurance cover, Bajaj Allianz has reinforced its commitment to provide innovative new-age risk solutions to our retail customers. This offers them a coverage against various cyber-attacks and threats, hence protecting their reputation, potential data breaches and losses in case any vital, financial or sensitive information is stolen or misused.”

Benefits of ‘Bajaj Allianz Individual Cyber Safe Insurance Policy’ are:

  • Covers identity theft, cyber stalking, phishing, cyber extortion, media liability, social media cover, etc.
  • Provides cover against financial loss, defence cost, prosecution cost, IT theft loss, restoration cost, etc.
  • Sum Insured ranges from Rs 1 Lakh to Rs 1 Crore, can be availed by individuals above 18 years

For more information please contact “Service (General Insurance)” from https://www.bajajallianz.com.

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