Why Do You Need HDFC ERGO Cyber Insurance Policy?
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 daily business operations. 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.
Key Features of HDFC ERGO Cyber Insurance Policy
| 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 |
What’s Covered
Inclusions
Theft Of Funds – Unauthorized Digital Transactions
We Cover financial losses incurred in your bank account, credit/debit cards, digital wallets arising from online frauds like unauthorized access, phishing, spoofing.
Identity Theft
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
Data Restoration/ Malware Decontamination
We Cover the cost involved in recovering your lost or corrupted data caused by malware attacks on your cyber space.
Replacement Of Hardware
We Cover cost involved in replacing your personal device or its components which gets affected due to malware attack.
Cyber Bullying, Cyber Stalking And Loss Of Reputation
We cover legal costs, cost of removing objectionable content posted by cyber-bullies and psychological consultation costs for the affected victim
Online Shopping
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
Online Sales
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.
Social Media And Media Liability
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.
Network Security Liability
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
Privacy Breach And Data Breach Liability
We cover legal cost incurred to defend you from third party claims, due to unintentional leak of confidential data from your devices/accounts.
Privacy Breach By A Third Party
We Cover legal cost incurred to pursue a case against a third party for leaking your confidential information or data
Smart Home Cover
We covers cost of restoring or decontaminating your smart home devices which gets affected due to malware attack
Liability Arising Due To Underage Dependent Children
We Cover legal cost incurred to defend you from third party claims due to the cyber activities of underage children
Theft Of Funds – Unauthorized Physical Transactions
Covers Any losses arising from physical frauds like Fraudulent ATM withdrawals, POS frauds etc. on your credit/debit/prepaid cards will not be covered
Cyber Extortion
We Cover financial losses incurred by you by means of ransome or compensation paid to resolve cyber extortion
What’s Not Covered
Exclusions
Coverage To Work Place
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
Coverage For Investment Activities
Investment or trading losses including limitation or inability to sell, transfer or otherwise dispose of securities, is not covered
Protection From Legal Suits From A Family Member
any claim arising to defend against legal suits from your family members, any person residing with you is not covered
Cost Of Upgrading Devices
Any costs of betterment of your personal device beyond the state existing prior to the Insured Event, unless unavoidable, is not covered
Losses Incurred In Crypto-Currency
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
Use Of Restricted Websites
Any loss sustained by you by accessing any restricted or websites banned by the relevant authority over internet, is not covered
Gambling
Gambling online and or otherwise, is not covered
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