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Airtel Payments Bank partners ICICI Lombard to offer cyber insurance

Monday 7 February 2022 13:23 CET | News

India-based Airtel Payments Bank has partnered ICICI Lombard General Insurance to offer cyber insurance solutions to its customers.

The cyber insurance solution from ICICI Lombard provides financial protection to customers against potential financial fraud relating to banking, credit or debit card, identity theft, phishing or email spoofing, and more.

Airtel Payments Bank customers can purchase this cyber insurance policy using the Airtel Thanks app. This insurance comes with no waiting period and allows users to make multiple claims multiple times during the policy tenure, within the limits of the insured amount opted for. 

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.

More: Link


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Keywords: partnership, insurance, fraud management, digitalisation
Categories: Fraud & Financial Crime
Companies: Airtel Payments Bank, ICICI Lombard General Insurance
Countries: India
This article is part of category

Fraud & Financial Crime

Airtel Payments Bank

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ICICI Lombard General Insurance

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