Cyber Insurance provides a safety shield for individuals against cyber-attacks and online frauds. In today's digital landscape, individuals face an escalating threat of cyberattacks that can compromise sensitive personal data and incur significant financial losses. Cyber insurance has emerged as a vital safeguard, offering comprehensive coverage against various cyber risks, including data breaches, cyber extortion, and business interruptions.
We offer tailored policies to meet the unique needs of diverse individuals, ensuring robust protection and peace of mind. Selecting the right cyber insurance policy is crucial for mitigating potential cyber threats. Our customisable solutions address the multifaceted challenges posed by cyber incidents, safeguard your assets, and maintain cyber safety in an increasingly interconnected world.
We live in a digital era where we cannot imagine our single day without the internet. Especially with the coronavirus pandemic far from over, we still rely on virtual platforms for day-to-day activities. However, with the extensive use of the internet, there is a need to safeguard your data from any sort of cyber-attacks.
Nowadays, digital payments are at an all-time high, but so are dubious online sales and fraudulent transactions. Cyber Insurance can safeguard your losses online and ensure you are protected if anything goes wrong. It will help you carry out your online activities without the constant worry of financial losses due to cyber threats. While surfing online, you get exposed to different types of risks, depending upon the nature of your activity. Hence, HDFC ERGO has designed cyber sachet insurance, which is fully customisable to meet your requirements and thereby help you operate digitally without any stress or worry.
We Cover financial losses incurred in your bank account, credit/debit cards, digital wallets arising from online frauds like unauthorized access, phishing, spoofing. This is our base offering (minimum necessary coverage). Compare with alternative
We Cover financial losses, credit monitoring costs, legal prosecution costs arising from the misuse of your personal information on the internet by a third party along with psychological consultation costs for the affected victim
We Cover the cost involved in recovering your lost or corrupted data caused by malware attacks on your cyber space.
We Cover cost involved in replacing your personal device or its components which gets affected due to malware attack.
We cover legal costs, cost of removing objectionable content posted by cyber-bullies and psychological consultation costs for the affected victim
We cover financial losses incurred due to online shopping on fraudulent website where you, do not receive the product even after making full payment online
We covers financial loss incurred due to selling of products online to a fraudulent buyer who does not pay for the same and at the same time refuses to return the product.
We Covers legal cost incurred to defend you from third party claims, in case your social media post has caused privacy breach or copy right violations.
We Covers legal cost incurred to defend you from third party claims, incase their devices are infected by a malware originating from your device, connected on the same network
We cover legal cost incurred to defend you from third party claims, due to unintentional leak of confidential data from your devices/accounts.
We Cover legal cost incurred to pursue a case against a third party for leaking your confidential information or data
We covers cost of restoring or decontaminating your smart home devices which gets affected due to malware attack
We Cover legal cost incurred to defend you from third party claims due to the cyber activities of underage children
Covers Any losses arising from physical frauds like Fraudulent ATM withdrawals, POS frauds etc. on your credit/debit/prepaid cards will not be covered
We Cover financial losses incurred by you by means of ransome or compensation paid to resolve cyber extortion
Loss due to any action or ommission in your capacity as an employee or self employed person as well as professional or business activity will not be covered
Investment or trading losses including limitation or inability to sell, transfer or otherwise dispose of securities, is not covered
any claim arising to defend against legal suits from your family members, any person residing with you is not covered
Any costs of betterment of your personal device beyond the state existing prior to the Insured Event, unless unavoidable, is not covered
Any loss/ misplacement/ destruction/ modification / unavailability/ inaccessibility of and/ or delay in trading with cryptocurrencies, consisting of coins, tokens or public /private keys being used in conjunction with aforementioned, is not covered
Any loss sustained by you by accessing any restricted or websites banned by the relevant authority over internet, is not covered
Gambling online and or otherwise, is not covered
Explanations mentioned in "What's Covered/Not Covered " are illustrative and will be subject to terms, conditions and exclusions of the Policy. Please refer to the Policy Document for more details
Key Features | Benefits |
Theft Of Funds | Covers financial losses incurred arising from online frauds. |
Zero Deductibles | No need to pay any amount up front toward a covered claim. |
Covered Devices | Facility to cover risk for multiple devices. |
Affordable Premium | Plan starting at Rs 2/day*. |
Identity Theft | Coverage for financial losses due to misuse of personal information on the internet. |
Policy Period | 1 year |
Sum Insured | ₹10,000 to ₹5Cr |
Our cyber insurance plan is designed with the most affordable premium keeping in mind a wide range of cyber risks.
Work online without any risk
Study online with additional safety
For secured online business
Customize plan as per your needs
Any person aged 18 years and above can buy this policy. You may also include your underage children as a part of the family cover
The policy period is 1 year (annual policy)
The policy provides a wide array of sections to cater to all kinds of cyber risks that you may face in the digital world. The sections are mentioned below:
1. Theft of Funds (Unauthorized Digital Transactions & Unauthorized Physical Transactions)
2. Identity Theft
3. Data Restoration / Malware Decontamination
4. Replacement of Hardware
5. Cyber Bullying, Cyber Stalking and Loss of Reputation
6. Cyber Extortion
7. Online Shopping
8. Online Sales
9. Social Media and Media Liability
10. Network Security Liability
11. Privacy Breach and Data Breach Liability
12. Privacy Breach and Data Breach by Third Party
13. Smart Home Cover
14. Liability arising due to Underage Dependent Children
You may select any combination of the available covers as per your cyber insurance needs.
You can make your own plan in the following steps:
• Choose the covers that you want
• Choose the Sum Insured that you want
• Extend the cover to your family if required
• Your customized cyber plan is ready
The range of Sum Insured available under the policy is INR 10,000 to INR 5Cr. However, this is subject to underwriting guidelines. Please get in touch with us to know the latest guidelines
You may opt for Sum Insured on the following basis:
• Per Section: Provide separate Sum Insured for each selected section OR
• Floater: Provide a fixed Sum Insured that will float over the selected sections
In case you select Per Section Sum Insured, the following discount will be applicable:
• Multiple Cover Discount: A discount of 10% will be applicable when you select 3 or more sections/covers in your policy
In case you select Floater Sum Insured, the following discount will be applicable:
• Floater Discount: When you select multiple covers under the product on a Floater Sum Insured basis, the following discounts would be offered:
No of Covers | % Discount |
2 | 10% |
3 | 15% |
4 | 25% |
5 | 35% |
>=6 | 40% |
No. There are no deductibles under the policy
No. There is no waiting period applicable
No. There are no sub-limits applicable under any section of the policy
You will be eligible to claim for all the cyber crimes that you have been a victim of, provided that you have selected the relevant covers/sections, subject to the chosen Sum Insured
Yes. You can extend the cover to a maximum of 4 family members (including the Proposer). The family cover can be extended to you, your spouse, your children, siblings, parents or parents-in-law, residing in the same household, maximum up to 4 in number
Yes. You may appoint your own lawyer for the legal proceedings, post consultation with us.
Yes. You will receive a 5% discount for policies purchased directly from our website
There is no restriction on the number of devices that will be covered
You can prevent cyber attacks by remembering these 5 quick, easy steps:
• Always use strong passwords and regularly update passwords
• Always update the software that you are using
• Manage your social media privacy settings
• Ensure your home network is secure
• Keep up to date on major security breaches
You can purchase this policy from our company website. The purchasing process is completely digital and there is no additional documentation required to purchase this policy
Yes. You may cancel the policy after taking it. You will be eligible for a refund of premium as per the table below:
Table of Short Period Scales | |
Period of Risk (Not exceeding) | % Refund of Annual Premium |
1 month | 85% |
2 months | 70% |
3 months | 60% |
4 months | 50% |
5 months | 40% |
6 months | 30% |
7 months | 25% |
8 months | 20% |
9 months | 15% |
For a period exceeding 9 months | 0% |