Cyber Insurance
What is Cyber Insurance?
In today's hyper-connected world, your digital identity is as valuable as your physical assets. Cyber
Insurance is a specialized protection plan designed to safeguard individuals and businesses from the
devastating financial and reputational impact of cyberattacks, data breaches, and online fraud. Whether
it's a phishing attack on your bank account or a sophisticated ransomware strike on your business
servers, cyber insurance provides the resources you need to recover.
DigiAssure's Cyber Insurance plans go beyond just reimbursing stolen funds. We provide a comprehensive
response system that includes legal defense, digital forensic investigations, and professional
counseling for victims of online harassment. Our goal is to ensure that while the digital landscape
evolves, your peace of mind remains unshakeable. With our 24/7 incident response team, you're never
alone when facing a digital threat.
Essential Digital Protection
1. Financial Fraud Coverage
Reimburses direct financial losses resulting from unauthorized digital transactions, phishing attacks, and credit/debit card fraud.
2. Identity Theft Support
Covers the significant legal and administrative costs involved in restoring your identity and credit history after a data breach.
3. Data Restoration
Provides funds to hire IT experts to recover, restore, or recreate your data and software that were corrupted or deleted during an attack.
4. Legal & Liability Cover
Protects you from legal claims and privacy lawsuits if sensitive information of others is leaked from your systems or accounts.
Key Features of Our Plans
Identity Protection
Continuous monitoring of your personal data on the dark web and assistance in case of identity impersonation.
Phishing & Malware
Specialized cover for losses arising from malicious links, attachments, and software designed to steal your credentials.
Social Media Liability
Coverage for legal defense and settlements in case of accidental defamation or copyright infringement on your social profiles.
Counseling Support
Reimburses the cost of professional psychological counseling if you are a victim of cyberstalking or online bullying.
IT Forensic Audit
Covers the professional fees of IT specialists to investigate the source and extent of a cyberattack on your systems.
Reputation Repair
Covers the cost of hiring PR agencies to manage communication and restore your reputation after a digital crisis.
Cyber Insurance vs Bank Protection
Why standard bank alerts aren't enough for total digital security.
| Feature | DigiAssure Cyber Plan | Standard Bank Alerts |
|---|---|---|
| Unauthorized Transaction | Full Reimbursement | Limited to specific scenarios |
| Phishing / Social Engineering | Covered | Not Covered |
| Data Recovery Costs | Included | No |
| Legal Defense Fees | Comprehensive Cover | No |
| Psychological Counseling | Included | No |
| Dark Web Monitoring | Active Support | Rarely Offered |
| Reputation Management | Included | No |
Coverage Details
Understand the boundaries of your digital safety net.
What is Covered
Standard protections included:
- Stolen funds via Online Fraud
- Malware / Ransomware incidents
- Identity Theft related expenses
- Cyber Extortion / Stalking support
- Privacy Breach liability
- Data restoration & IT consultation
What is NOT Covered
Standard policy exclusions:
- Loss of Crypto-currency
- Physical theft of laptops/phones
- Intentional/Dishonest acts
- Outdated/Unpatched software issues
- Bodily injury (unless psychological)
- Mechanical or Electrical failure
Valuable Add-Ons
Enhance your digital security with specialized covers.
Cyber Ransomware Cover
Provides specialized assistance and covers the costs associated with ransomware attacks, including the fees of negotiation experts and decryption specialists.
Multimedia Liability
Extends coverage to include claims arising from copyright infringement, plagiarism, or trademark unauthorized use on your websites or digital publications.
E-Extortion Protection
Provides coverage for losses resulting from threats to release private data or disrupt digital services unless a payment is made.
Hardware Replacement
Covers the cost of replacing computer hardware that is permanently damaged (bricked) as a result of a major cyberattack.
Factors Affecting Your Premium
How we determine the cost of your digital protection.
1. Level of Coverage
Choosing a higher total limit (e.g., ₹10 Lakhs vs ₹50 Lakhs) for all digital risks will increase the annual premium.
2. Number of Devices / Users
Plans covering multiple family members or multiple business devices will have a higher risk profile and premium.
3. Existing Security Measures
Using licensed Antivirus, Firewalls, and Multi-Factor Authentication (MFA) can earn you significant discounts on your policy.
4. Incident History
Any past history of data breaches or cyber-fraud claims may impact the underwriting and premium calculation.
5. Occupation / Business Type
Individuals in high-profile roles or businesses handling sensitive customer data may face higher premiums due to higher targeting risk.
Documents Required
Simplified onboarding for your digital security.
Identity & Address Proof
- Aadhar Card
- PAN Card
- Passport / Voter ID
- Recent Passport size photographs
Digital Details
- List of primary email IDs to be covered
- Social media handles (for liability cover)
- Device details (Serial numbers for hardware cover)
Security Evidence
- Proof of active Antivirus subscription
- Evidence of MFA being active on primary accounts
- Last IT audit report (for businesses)
Proposal Form
- Completed digital proposal form
- Self-declaration of past cyber incidents
- Accepted Quote Summary
Cyber Claim Process
Fast and professional response to digital incidents.
Incident Detection
Identify unauthorized transactions, account lockouts, or data breaches on your systems.
Evidence Collection
Immediately take screenshots, save logs, and isolate the affected devices to prevent further damage.
FIR / Police Complaint
File a complaint with the local Cyber Cell or through the National Cyber Crime Reporting Portal. An FIR is mandatory for claims.
Insurer Notification
Notify DigiAssure within 24 hours via our 24/7 cyber-response helpline or digital portal.
IT Forensic Survey
Our appointed forensic experts will analyze your devices to confirm the source and extent of the breach.
Loss Assessment
We calculate the total financial loss, legal fees, and data restoration costs based on the forensic report.
Document Submission
Submit the claim form along with the FIR copy, bank statements, and the forensic audit report.
Settlement
Once verified, the admissible amount is settled to cover your losses, legal fees, and restoration expenses.
Frequently Asked Questions
Common queries about digital protection answered.
Does it cover money stolen through UPI or Net Banking fraud?
Yes, DigiAssure Cyber Insurance covers direct financial losses resulting from unauthorized digital transactions, including UPI, Net Banking, and Credit Card fraud, provided an FIR is filed.
Is my social media account covered?
Yes, the policy covers liabilities arising from unauthorized access to your social media profiles, as well as legal costs if you are sued for accidental defamation or copyright issues on your profiles.
What is the first thing I should do after a cyberattack?
Immediately change all your passwords from a different secure device, take screenshots of the incident, file a complaint at cybercrime.gov.in, and notify us within 24 hours.
Does it cover losses from Crypto-currency trading?
No, standard cyber insurance policies do not cover losses related to fluctuations, theft, or scams involving Crypto-currencies or NFTs as they are currently unregulated digital assets.
Are my family members' devices also covered?
Individual plans cover the proposer's devices. However, you can opt for a 'Family Digital Protection' plan that extends the same security to devices and accounts used by your spouse and children.
Will the policy pay for my lawyer if I'm sued for a data leak?
Yes, the policy includes 'Legal Defense Costs' which covers the fees for lawyers and legal consultants to defend you in court against privacy and data breach lawsuits.