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Which Insurance company has launched the "Cyber VaultEdge insurance plan" for individuals?
National Insurance Company
United India Insurance
SBI General Insurance
Reliance General Insurance

Correct Answer : Option (C) - SBI General Insurance

SBI General Insurance has launched the Cyber VaultEdge insurance plan, a comprehensive cyber insurance cover for individuals that provides protection against financial losses arising from cyber risks and attacks, said the firm in its statement.
The pandemic has led to a significant increase in adoption of digital infrastructure across services. Individuals were forced to adopt work from home model (WFH) and various digital methods of operating for most services, including payments. 
While this is a welcome development, in terms of rise of widespread digitisation and internet penetration, threats of cyber-attacks are on the rise. According to CERT-In, cyber security incidents jumped to ₹14.02 lakh in 2021 from ₹2.08 lakh in 2018, meanwhile, the losses due to cybercrime, ATM/debit card, credit card and internet banking fraud were estimated at Rs. 63.4 crore in 2020-21, as per data published by private and public banks...

Source : Mint

Published On : July 7, 2022
Category : Insurance and Finance