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Cyber Insurance in India

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Cyber Liability Insurance by Bajaj Allianz

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What’s in it for you

Cyber Insurance

Counselling & IT Consultant services cover

Cyber Insurance

Protects you against 10 common cyber risks

Very affordable premiums

BAJAJ ALLIANZ CYBER INSURANCE POLICY

Let’s play a quick word association game, shall we? When we say the word ‘internet’, what comes to your mind?
Social media, Friends, Entertainment Ah, the gift of the internet. A time before the internet is quite unimaginable to us now. If we push our imagination a little, we may conclude that it was boring and sort of like a dark age. However, it was safer by a massive measure

However, in today’s world, it is almost impossible to function without exposing yourself to the online world, at least to a certain degree. And this makes one very vulnerable to the flip side

Identify fraud, Phishing, Cyber stalking

You’re potentially exposed to these threats almost every day. What do you do then? Stop using the internet? Of course not! You find a way to protect yourself from potential cyber threats and risks and Bajaj Allianz Cyber Insurance helps you do just that

Realizing the growing need for Cyber Insurance in India, we designed our policy to support the Personal Cyber Insurance Market and became the first Indian Insurer to offer Cyber Insurance.

The internet is, perhaps, the best and worst creation mankind has invented. With its benefits of connectivity, communication and convenience, it brings with it a set of new-age risks. These can range from misuse of your financial information and data theft to cyber stalking and identity theft.

We at Bajaj Allianz, understand such new-age risk factors and their impact. Our Individual Cyber Safe Insurance Policy ensures that you get optimum protection against potential cyber threats and risks.

additional solutions

Multiple covers under One single policy

What is Covered by our Cyber Insurance

The most dangerous thing about cyber threats is that they are usually not detectible until after they have already happened. Unlike a stalker in real life, a cyber stalker cannot be seen and unlike a suspicious person lingering near an ATM, phishers are hard to perceive. Considering all the possible cyber threats and risks you’re exposed to every time you’re online, we’ve designed our Cyber Insurance Policy to help protect you.
Cyber Insurance

Identity Theft

Your digital devices are a good reflection of who you are because they store everything that’s so true and raw about you. This includes your personal conversations, photos, videos, text, browser history, passwords and bank details. Even people in long-term relationships usually refrain from sharing phone and account passwords. Read more

Identity theft is any fraudulent and unauthorized access to usage, deletion or alteration of your personal data stored in your computer system including your digital devices. It’s just as real a possibility as it is a scary one.

Coverage Offered

  • Defence costs as a result of any claim by affected party
  • Prosecution costs against a third party for identity theft
  • Costs of transportation to court and photocopying of documents

Social Media

Social media cyber-attacks are more common than we’d like.  But with our Personal Cyber Insurance Policy we’ll take care of the defence and prosecution costs against identity theft occurring on your legitimate Social Media account as a result of a cyber-attack.

Coverage Offered

  • Defence costs as a result of any claim by affected party
  • Prosecution costs against a third party for identity theft from Social Media
  • Costs of transportation to court and photocopying of documents
Cyber Insurance Cyber Stalking

Cyber Stalking

Cyber stalking is a frightening fate we wish no one ever had to meet. It’s the repeated use of digital communication to harass or frighten a person. It makes one feel attacked and unsafe all the time, no matter where they are. Read more

Coverage Offered

  • Costs incurred by you for prosecution of a criminal case against a third party for cyber stalking
Cyber Insurance

Malware Attack

Take a minute to think of the number of text messages you receive daily or the number of downloads you make form the internet. The number is considerable, isn’t it? Read more

Hence, it’s just as easy for someone with malicious intent to infiltrate and damage your digital devices without your knowledge or consent with the help of a computer program spread through SMS, internet downloads, file transfer and more. 

Coverage Offered

  • Restoration costs of your computer system due to damage caused by malware
  • Defence costs as a result of any claim by affected party for legal liability caused due to the malware in your computer system
  • Costs of transportation to court and photocopying of documents
Cyber Insurance

IT Theft Loss

Convenience of banking transactions online and cyber theft are two sides of the same coin. You can continue enjoying the good side because our Cyber Safe Policy will cover you against the bad one. Read more

The financial loss due to funds wrongfully or erroneously paid by you as a direct result of a third party's unauthorized targeted cyber intrusion into your computer system will be covered by us. 

Coverage Offered

  • Financial Loss due to IT Theft
  • Costs including legal fees for a claim lodged by you against a financial institution or payment system operators
  • Prosecution Cost against a third party for causing IT Theft Loss
Cyber Insurance

Phishing

Phishing is a new avenue for fraudsters and swindlers to cheat unsuspecting people. It’s any attempt to obtain your sensitive information such as usernames, passwords, and credit card details (and sometimes, indirectly, money), often for malicious reasons, by masquerading as a trustworthy entity through an electronic communication. Read more

Our Individual Cyber Insurance Policy will help you by not only covering any financial loss but also by helping you fight back.

Coverage Offered

  • Pure financial loss sustained by you by being an innocent victim of an act of phishing by a third party
  • Prosecution costs against a third party for phishing attack
Cyber Insurance Email Spoofing

Email Spoofing

Email spoofing is a forgery or a wrongful manipulation of an E-mail header so that the message appears to have originated from the actual source. Read more

Coverage Offered

  • Pure financial loss sustained by you by being an innocent victim of an act of email spoofing by a third party
  • Prosecution costs against a third party for email spoofing
Cyber Insurance

Media Liability Claims

Our Personal Cyber Insurance will help you in event of any liability arising out of unintended publication or broadcasting of any digital content resulting out of a cyber attack on your computer system including your digital devices. Read more

Coverage Offered

  • Defence costs for arising out of a claim made by a third party against you for media wrongful act
  • Prosecution costs against a third party for media wrongful act
  • Costs of transportation to court and photocopying of documents
Cyber Insurance

Cyber Extortion

Cyber extortion is any threat to cause a privacy breach, data breach or cyber-attack. It’s scarier than an actual person holding a knife because online, people can hide behind the shield of anonymity and you can often feel defenceless. Read more

We aim to help you feel empowered to fight back with our Cyber Liability Insurance. 

Coverage Offered

  • Cyber extortion loss that you incur due to a result of cyber extortion threat
  • Prosecution costs against a third party for cyber extortion
Cyber Insurance

Privacy & Data Breach by Third Party

Today, the internet and your computer system are like the new-age version of ‘dear diary’. They contain a lot of your personal data – photos, videos, text and more – that you probably don’t want anyone to ever see. Read more

Privacy & data breach is any unauthorized disclosure of your personal data by a third party or any unauthorized access or use of your personal data stored in a third party's computer system.

Coverage Offered

  • When you claim damages against a third party for privacy breach or data breach, we’ll cover the legal fees incurred by you

Inclusions and Exclusions of Cyber Insurance

  • Inclusions

  • Exclusions

Counselling Services

We understand that taking care of the financial burden – pure financial loss and legal expenses – is only part of the solution. 

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Counselling Services 

We understand that taking care of the financial burden – pure financial loss and legal expenses – is only part of the solution. Most things tend to have a ripple effect and being subject to a cyber crime like cyber-stalking or identity theft can have some serious consequences on one’s mental health and wellbeing. Our Individual Cyber Insurance Policy therefore covers all reasonable fees, costs and expenses of an accredited psychiatrist, psychologist or counsellor chosen by you, to take treatment for stress, anxiety or such similar medical conditions resulting from being subject to any of the above cybercrimes.

We’re the first Indian insurer to offer Cyber Crime Insurance Policy in India and we’ve made sure to design our policy in a way that it offers a holistic cover. 

IT Consultant Services Cover

There a lot of costs that you can’t anticipate until they are thrown at you. This tends to hamper budgeting and staying on track with financial goals. 

Read more

IT Consultant Services Cover 

There a lot of costs that you can’t anticipate until they are thrown at you. This tends to hamper budgeting and staying on track with financial goals.  When you’re the victim of a cybercrime, you will require an IT Consultant to help you prove the amount and extent of a covered loss. IT Consultants are tech geniuses, but their services can be on the costlier end.

However, our Personal Cyber Insurance Policy will cover the IT consultant services cost. You can go ahead and get the best help you can find to fight back against cybercrime and don’t once think about the cost, because we’ve got your back.

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Trust building is a two-way street and hence dishonest and improper conduct is not something we accept

Property damage or bodily injury except mental anguish or emotional distress or disturbance

Any unsolicited communication or correspondence, wiretapping, audio or video recordings or telephone marketing

Any unauthorized collection of personal data client information

We don’t sympathize with any losses in connection with racist, extremist, pornographic or other immoral or obscene services

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Customer Reviews & Ratings

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ASHISH SHARMA

Easy and seamless process of Bajaj Allianz. Good show and keep it up

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ADARSHA UPPUNDA

Online portal is very user friendly

UJAGAR PRASAD SINGH

UJAGAR PRASAD SINGH

Nice design to understand the policy description 

GOT A QUESTION? HERE ARE SOME ANSWERS

Frequently Asked Questions on Cyber Insurance

Can Individuals Get Cyber Insurance in India?

Any Individual person above 18 years of age.

We get that everyone now uses the internet on a daily, if not an hourly basis, and we want to make the protection of our Individual Cyber Safe Policy easily accessible. Hence, our requirement is as basic as someone being of legal age. 

What is the policy period?

This is an Annual policy.

The renewal of the policy, however, is super quick and easy and you can keep enjoying the protection of the Personal Cyber Insurance Policy for as long as you use the internet by renewing it online within a few clicks. 

What are the plans available under the policy?

We understand that every individual has different needs and depending upon your internet usage habits, among other things, you may require a different coverage amount.

Hence, we have plans under our Cyber Insurance Policy that start from Rs 1 lakh and go up to Rs 1 Crore. The Personal Cyber Insurance Cost will also vary accordingly and includes several affordable plans.

What is the excess in this policy?

There is NO excess in the Cyber Insurance Policy.

An excess is the amount of money you’re required to pay towards a claim before the insurance provider settles the claim. The amount is decided at the time of buying the insurance policy. Our Cyber Insurance Policy, however, levies no excess. 

What if I am the victim of more than one cybercrime at the same time?

Were sorry to hear that. In case that happens, you can make go ahead and make a claim under the policy. However, you can claim only under one of the insuring clauses per event.  

Thank You for Your Interest in Bajaj Allianz Insurance Policy, A Customer Support Executive will call you back shortly to assist you through the Process.

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I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

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