Page 39 - Insurance Times September 2019

Non-Life Insurance Plan

Individual Cyber Safe

Insurance Policy

from Bajaj Allianz Allianz General

Insurance Co. Ltd

With an increase in internet penetration, social me- of a criminal case against a third party for Cyber
dia and digital banking transactions, we are unknowingly Stalking.
exposed to various cyber-attacks. These can range from Malware
misuse of your financial information to data theft, cyber
Computer program received through SMS, File transfer,
stalking etc.
downloaded programs from internet or any other digital
Coverage under the Individual Cyber Safe means by your computer system including your digital de-
policy vices maliciously designed to infiltrate and damage it with-
out your consent.
Identity Theft
Coverage Offered
Any fraudulent and unauthorized access to usage, deletion
or alteration of your personal data stored in your computer Y Restoration costs of the Insured's computer system
system including your digital devices. due to damage caused by Malware.
Y Defense costs as a result of any claim by affected party
Coverage Offered
for legal liability caused due to the malware in
Y Defense costs as a result of any claim by affected party.
Insured's Computer system.
Y Prosecution costs against a Third party for identity
Y Costs of transportation to court and photocopying of
theft.
documents.
Y Costs of transportation to court and photocopying of
documents. IT Theft Loss
Funds wrongfully or erroneously paid by you as a direct
Social Media
result of Third Party's unauthorized targeted cyber intru-
Defense and prosecution costs against identity theft occur-
sion into your computer system.
ring on your legitimate Social Media account as a result of
a cyber-attack. Coverage Offered
Y Financial Loss due to IT Theft.
Coverage Offered
Y Costs including legal fees for a claim lodged by insured
Y Defense costs as a result of any claim by affected party.
against a financial institution or payment system op-
Y Prosecution costs against a Third party for identity
erators.
theft from Social Media.
Y Prosecution Cost against a Third party for causing IT
Y Costs of transportation to court and photocopying of
Theft Loss.
documents.
Phishing
Cyber Stalking
Any attempt to obtain your sensitive information such as
Repeated use of digital communications to harass or
usernames, passwords, and credit card details (and some-
frighten you.
times, indirectly, money), often for malicious reasons, by
Coverage Offered masquerading as a trustworthy entity through an electronic
Y Costs incurred by the Insured for prosecution communication.
The Insurance Times, September 2019 39