ICICI Lombard partners with MobiKwik for cyber insurance cover

ICICI Lombard General Insurance, a leading non-life insurance company, has entered into a strategic partnership with MobiKwik, a digital financial services platform, to provide cyber insurance cover for the latter’s mobile wallet users. The relationship aims to provide protection against unauthorised 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 Rs. 99 per month and with a sum insured of Rs. 50,000. The policy’s validity is only for one month. As on date, MobiKwik has about 10.7 crore users in India. MobiKwik users can enroll under this insurance product at the time of loading money into their wallet or in a standalone format, as per their wish.Our Bureau