Flipkart, Bajaj Allianz launch cyber insurance to cover online financial frauds

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Flipkart and Bajaj Allianz General Insurance Company have come together to offer 'Digital Suraksha Group Insurance' for customers who want to cover themselves against financial losses caused as a result of cyber-attacks, cyber frauds, or other such malicious activities across various online platforms.

This insurance compensates for direct financial loss (up to the sum insured) due to unauthorised digital financial transactions as a result of identity theft arising out of cyber-attacks, phishing/spoofing and SIM-jacking, a joint statement said.

"Customers can opt for a one-year cover at premiums as low as Rs 183 for a cover of Rs 50,000," the statement added.