Insta
MobiKwik, ICICI Lombard To Provide E-Wallet Users With Cyber Insurance Against Online Financial Fraud
Cyber warfare is the latest addition to the spectrum (Representative image) (Repository)
One of India’s leading non-life insurance companies, ICICI Lombard General Insurance, has joined a strategic partnership with the digital financial services platform, MobiKwik, in a bid to offer cyber insurance coverage to mobile wallet users of the latter, reports The Hindu Business Line.
The insurance is aimed at providing protection against unauthorised or fraudulent financial transactions on the internet, whether they be on bank accounts, debit/credit cards and mobile wallets.
The cyber-insurance will be available for purchase on the MobiKwik app for Rs 99 per month, with funds insured till up to Rs 50,000. The validity of the policy will only be for a month at a time.
MobiKwik has somewhere around 10.7 crore Indian users, who may be enrolled in this insurance policy while adding money to their wallets or as per a standalone format.
It would also be possible to lodge claims under the policy digitally.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
