Cyber ​​Insurance: You will get compensation in case of online fraud! Know details

PC: tv9marathi

The present era is digital. With the help of the internet, you can do many tasks sitting at home in just a few minutes. Now if you want to send money to someone's account, there is no need to go to the bank and stand in line. Money can be transferred to someone else's account in just a few steps. This change has happened due to the Internet revolution. But often small mistakes, taking advantage of technical issues lead to cyber fraud, online fraud. Cybercriminals take advantage of this. They create the exact website of the bank and send messages similar to the messages of the bank. They pretend to talk to customer care and make your hard-earned money disappear within seconds. This type of thing is now happening in the villages as well. Banks often send alert messages about this. But still, a mistake is costly. In such a situation, cyber insurance becomes important for the customers. This insurance provides compensation.

What is cyber insurance?

Cyber ​​insurance is similar to auto and life insurance. This insurance comes in handy in case of cyber fraud. Of course, there are terms and conditions to this. But on the basis of that a demand can be made to compensate for the loss. This insurance is beneficial to cover your losses.

PC: Vidhikarya

Who will get protection?

Cyber ​​insurance provides protection against many frauds. It provides protection to customers from multiple frauds like online theft, cyberbullying, unauthorized digital transactions, social media liability, virus attacks, online shopping fraud, data breaches, and identity fraud. They get compensation on the basis of insurance. The premium is paid as per the sum assured.

These companies offer cyber insurance

1. SBI General Cyber ​​Vault Edge

2. Bajaj Allianz Personal Cyber ​​Security Insurance Policy

3. HDFC ERGO Cybersecurity Insurance

PC; Bajaj Allianz

new insurance options

New insurance policies have come on the market. It comes with a money back guarantee. These policies give a return of 7 to 7.5 percent. This return is much higher than traditional investment schemes. The annual premium up to Rs 5 lakh in these plans is absolutely tax-free. If a person invests Rs 20,000 per month in this scheme for 5 years, then he invests Rs 12 lakh in this scheme. In this scheme, this amount will be Rs 20.5 lakh in ten years.