Cyber Insurance

Cyber Insurance

Cyber insurance provides coverage to companies whether it is a startup or a well-settled organisation against cyberattacks, and ransomware breaches caused during the policy tenure.

  • No Medical Test
  • Worldwide Coverage
  • Hassle Free Process

Happy customers

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What is Cyber Insurance?

Cyber risk insurance policy is an emerging insurance for cyber attacks in the insurance market due to evolving technology and the increase in the usage of online services by almost every organization or business. Given the fluctuating nature of cyber risks in the market, the insured can enhance the coverage as per their requirements.

Why is Cyber Risk Insurance Important?

Cyber risk insurance becomes a necessity as various organizations rely on Internet-based technology to reach out to their prospective customers and pursue their digital marketing goals. All digital tools expose these organizations to the risk of cyber threats.

Cyber insurance for corporates protects the company from the loss caused to first-party and third-party liabilities resulting from cyber-attacks and leading to financial & reputational losses. It offers insurance protection to corporations against cyber extortion, unauthorized access, data breaches, etc. to secure sensitive customer personal information and employee data.

Since data security is one of the primary responsibilities of companies as they have access to their customers’/users’ confidential information. It becomes a priority for the Small and mid-size companies that are struggling to grow in the market should purchase this policy to protect their customer information.

What does Cyber Insurance Not Cover?

Cyber insurance does not provide coverage for the following:

  • Bodily injury, diseases, death or damage to any tangible item is not covered
  • Electric disturbance, mechanical failure, breakdown of any kind or media failure that led to any kind of loss
  • Any willful or fraudulent act of any law, rules or regulation by an insured
  • Damages caused due to negligence or lack of precautions to safeguard information such as credit and debit cards, bank accounts, internet connections, etc.
  • Deliberately ignoring any knowledge or circumstances that may become a basis of a claim
  • Ongoing legal proceedings before the policy was purchased
  • Unexplained loss, or any loss due to a government order
  • Losses due to participating in any malicious or dishonest activity
  • Breach of trade secrets, trademarks, registered patents, actual or alleged plagiarism, copyrights or other intellectual property
  • Consequential loss or damage is not covered, including the loss suffered by any third party
  • Any legally uninsurable matter
  • Loss in value, theft or disappearance of cryptocurrency is not covered
  • Loss of any tangible property
  • Purchase of sovereign funds, dealing in securities, federal fund, foreign exchange, currencies and commodities are not covered

Hassle-free payments

NRI Term Insurance in India offers easy methods to pay premiums. Payments can easily be made online using credit cards/net banking. They can pay through their NRE (Non-Residential External) accounts.

Flexibility to choose life cover

The pure risk cover amount can be easily chosen based on the requirements. Term insurance for NRIs provides a sum assured amount, ranging from Rs. 1 Crore to Rs. 20 Crores, fulfilling every individual’s financial needs

Policy Term as per your requirements

NRIs have a number of options when choosing the policy term of a term insurance plan. The tenure for term insurance for NRIs can range from 5 years to 99/100 years.