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. Individuals exposed to any form of cyber risks can buy this policy for themselves and their family. Family includes self, spouse, and 2 dependent children (up to 18 years of age).
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About the Cyber VaultEdge insurance policy:
- Some of the major inclusions of the policy includes theft of Funds, Identity Theft, Cyber Bullying, Cyber Stalking and Loss of Reputation, Cyber Shopping, Online shopping, Social Media and Media Liability, Network Security Liability, Privacy Breach and Data Breach Liability, Smart Home Cover amongst others.
- Some of the major advantages of buying the cyber insurance policy is protection against cyber risks. The policy takes care of legal costs and expenses incurred in pursuing or defending legal action against/by a third-party. Further, the policy reimburses the expenses incurred for the services of an IT specialist or to restore data.
Important Takeaways For All Competitive Exams:
- SBI General Insurance Headquarters location: Mumbai;
- SBI General Insurance MD & CEO: Paritosh Tripathi;
- SBI General Insurance Founded: 24 February 2009.
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