ICICI Lombard General Insurance Company is offering cyber insurance to customers of Airtel Payments Bank as rising digital payments and transactions pose threat of cyber fraud. ICICI Lombard's cyber insurance solution provides financial protection to customers against potential financial fraud relating to banking, credit or debit card; identity theft; phishing or email spoofing and more. Airtel Payments Bank customers can purchase this cyber insurance policy within minutes using the Airtel Thanks app.
The insurance comes with zero waiting period and allows users to make multiple claims multiple times during the policy tenure, within the limits of the insured amount opted for. The policy will provide a 90-day discovery period followed by a seven-day reporting period. This means that if the insured discovers an unauthorised transaction processed from their card or account on the 90th day from the transaction date, they can still report it in the next seven days to the issuing bank or mobile wallet company.
ICICI Lombard General Insurance Company offers its customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels.
