Bajaj Allianz to distribute cyber coverage through Flipkart

Indian e-commerce marketplace that’s backed by Walmart, Flipkart , and general insurer Bajaj Allianz have partnered to offer Digital Suraksha Group Insurance, a cyber coverage against financial losses caused as a result of cyber-attacks, cyber frauds, or other such malicious activities across various online platforms.

Yearly premium starts at Rs. 183 for a limit of Rs. 50,000.

“Cyber-attacks pose a serious threat wherein your money, reputation, and personal data is at stake. With this Digital Suraksha Group Insurance introduced on Flipkart’s platform, at less than 50 paise per day, you can protect yourself against the financial risk of getting defrauded online. During this COVID-19 era, as you shop online, this insurance will provide coverage against various cyber threats. Thus, making your online experience worry-free.” – Tapan Singhel, MD & CEO, Bajaj Allianz.

“At Flipkart, it is our constant endeavor to make online shopping safer and more convenient for customers transacting digitally. The cyber insurance offering in partnership with Bajaj Allianz is a step in this direction. As the festive season nears, we want to ensure that the customers’ online shopping experience, across any digital medium, is devoid of stress and apprehensions.” – Ranjith Boyanapalli, Head – Fintech and Payments Group, Flipkart.