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Private sector non-life insurer HDFC Ergo has launched a personal cyber insurance policy that will provide cover to individuals and families from cyber crimes, including cyber attacks, identity theft, phishing, and reputational risks such as bullying and trolling.
“We live in a digital world where individuals freely share a lot of their personal as well as financial information online,” said Ritesh Kumar, Managing Director and CEO, HDFC ERGO General Insurance Company.
Online harassment
The E@Secure policy provides cover for between ₹50,000 to ₹1 crore. The policy also covers costs for legal help or advice, as well as expenses incurred on counselling sessions with a psychologist for trauma arising from online harassment.
Estimates show there are over 480 million people who are internet users in India, and nearly 240 million people are social media users. According to the National Crime Records Bureau (NCRB) report 2016, cyber crimes increased by 6.3 per cent in 2016 to 12,317 from 11,592 in 2015.
Kerala floods
Meanwhile, commenting on the Kerala flood claims, Kumar said the company received 1,325 claims by September 2. Of these, 970 claims were for motor insurance and 220 were dwelling claims.
“The claims have been slow in trickling in, but it is likely to be less than those in the Chennai floods. We expect the main claims to come from motor, dwelling, corporate risks and health segments,” Kumar said, adding that the final claims for the company could amount to ₹120-125 crore.
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