Last Updated on 26/08/2024 by Ankita
Every day new cases of cyber fraud are coming to light, where people lose their hard earned money. In such a situation, they may have to face huge losses. To avoid such losses, you can choose cyber fraud insurance. It will work to protect you from financial loss.
Many banks in India provide the facility of Cyber Insurance. You can also know about this insurance by contacting your branch etc. Here you can know about its benefits, terms and conditions and payment etc.
These banks are providing facilities
Banks like HDFC, ICICI, Bank, Axis Bank, State Bank of India, Kotak Mahindra Bank provide cyber insurance facility. For this, many insurance companies have partnered with the bank, after which the names of their insurance are also similar, which are HDFC ERGO, ICICI Lombard, Bajaj Allianz, SBI General Insurance. You can contact the bank to know their terms and conditions in detail.
Financial Safety
Cyber fraud insurance protects you against financial losses caused by online fraud, such as phishing, ransomware, and other cybercrimes.
data recovery cost
Many insurances also provide data recovery facility, in which they also cover the expenses incurred in this recovery. With this, the victim can easily recover his data.
Also read: People are buying smartphones of this price, not cheap ones, growth of 42% – Report
Legal Aid
If there is any legal expense after cyber fraud, its coverage is also included in this insurance. It also covers the fees and expenses incurred on lawyers etc.
Expert Advice
Insurance holders get access to cyber advisor experts under these insurances, from whom they can seek help. In this way, you can protect yourself from cyber fraud.
Also read: Google’s big preparation, this feature will save you from cyber fraud, this is how it will work on the phone
Be careful while taking insurance
While taking cyber safety insurance, some things should be kept in mind. These include the policy’s term conditions, coverage area, refund limit, refund process, refund time duration etc. Sometimes the process of refund etc. is long, due to which you may have to face financial difficulties.
Source (PTI) (NDTV) (HINDUSTANTIMES)