ICICI Lombard and Mobikwik today announced a strategic partnership to provide cyber-insurance cover. This scheme willl provide protection against unauthorized and fraudulent transactions online, across bank accounts, debit/credit cards, and mobile wallets. The cyber-insurance can be availed digitally through the app at only ₹99 per month and with a sum insured of ₹50,000.
MobiKwik wallet 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 this cover. This product has been intelligently designed to provide the users with 360 degrees insured security of their multiple bank accounts, debit and credit cards, and mobile wallets. MobiKwik users can enroll under this insurance product at the time of loading money into their wallet or in a standalone format. They can avail the cover digitally with an instant policy issuance. Additionally, the claims can be lodged digitally.
Commenting on the launch, Upasana Taku, Co-founder, and Director, MobiKwik said, “We have always been a trendsetter and launched innovative products in line with the customer requirements. We are the first mobile wallet company to avail cyber insurance for its customers. We have partnered with ICICI Lombard General Insurance for this product and are confident that this differentiated product will further enable more users to trust digital payments and will use them more actively, without any fear.”