ICICI Lombard partners with Mobikwik to offer an affordable online fraud protection policy

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Mumbai : Leading  private sector non-life insurance company ICICI Lombard and Mobikwik, one of India’s largest digital financial services platform, have announced a strategic partnership to provide cyber-insurance cover. The relationship aims to provide protection against unauthorized and fraudulent transactions online, across bank accounts, debit/credit cards and mobile wallets. MobiKwik users can avail the Commercial cyber Insurance policy underwritten by ICICI Lombard and enjoy the benefit of a stress-free and secured transaction for its users who opt for Cyber Insurance using the app. The cyber-insurance can be availed at only z 99/- month and with a sum insured of Rs.50,000/-.

Digital wallets aka e-wallets or mobile wallets, are in vogue currently given a growing population is going ‘cashless’. With the adoption of cashless transactions on the rise, it is but natural that the cyber threat landscape also magnifies. There are millions of transactions that take place every month on the MobiKwik wallet.

The cyber-insurance can be availed at only Rs. 99/- month and with a sum insured of < 50,000/-. This strategic cyber insurance product has been intelligently designed to provide the users with 360 degree insured security of their multiple bank accounts, debit and credit cards and mobile wallets. MobiKwik users can enroll under this group insurance product at the time of loading money into their wallet or in a standalone format, as per their wish. They can avail the cover digitally with an instant policy issuance. Additionally, the claims can be lodged digital online. MobiKwik has taken a Commercial cyber Insurance policy underwritten by ICICI Lombard to provide the benefit of a stress-free and secured transaction for its users who opt for Cyber Insurance using the app.

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