ICICI Lombard offers cyber insurance to Airtel Payments Bank customers : Rashtra News
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Airtel Payments Bank customers can purchase this cyber insurance policy within minutes using the Airtel Thanks app.
The insurance comes with zero waiting period and allows users to make multiple claims multiple times during the policy tenure, within the limits of the insured amount opted for, ICICI said in a release.
The policy will provide a 90-day discovery period followed by a seven-day reporting period. This means that if the insured discovers an unauthorised transaction processed from their card or account on the 90th day from the transaction date, they can still report it in the next seven days to the issuing bank or mobile wallet company.
“The COVID-19 pandemic has blurred the line between home and workplace. With numerous companies normalising work from home, abundant of data is being transcended into the open domain, hence sensitive information is more prone to security vulnerabilities today than ever before,”Sanjeev Mantri, Executive Director, ICICI Lombard, said.
Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, said it is an important addition to the company’s existing bouquet of simple, secure and value-driven solutions, and “we hope our users will seek the advantage of this unique offering.”
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( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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