In an interesting tie-up to tackle online financial frauds, the Walmart-owned Flipkart and Bajaj Allianz General Insurance Company, India’s leading private general insurer, have come together to offer ‘Digital Suraksha Group Insurance’.
It gives cover against financial losses caused by cyber-attacks or online frauds during any transaction. The policy can be availed while buying certain models of mobiles, laptops, tablets, and audio devices on Flipkart.
The insurance scheme compensates for direct financial loss (up to the sum insured) due to unauthorized digital financial transactions as a result of identity theft arising out of cyber-attacks, phishing/spoofing, and SIM-jacking. Customers can opt for a one-year cover at premiums as low as Rs. 183 for a cover of Rs. 50,000.
Cyber frauds on the rise
Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance said, “Cyber-attacks pose a serious threat wherein your money, reputation, and
personal data is at stake. With this Digital