This insurance compensates for direct financial loss (up to the sum insured) due to unauthorised digital financial transactions as a result of identity theft arising out of cyber-attacks, phishing/spoofing and SIM-jacking, a joint statement said.source https://economictimes.indiatimes.com/industry/banking/finance/insure/flipkart-bajaj-allianz-launch-cyber-insurance-to-cover-online-financial-frauds/articleshow/78382743.cms
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