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Cyber Insurance
UPI Fraud Insurance & Protection Plan
Plans starting at ₹ 1/day*
Shielding you in the digital universe with our Cyber Insurance
Coverage Highlights
Key benefits of this plan
No Deductibles
Enjoy peace of mind with “no upfront payments” required for covered claims
No Sublimits
Benefit from comprehensive coverage with “no sublimits” for different areas
Smart Home Protection
Get coverage for the costs of restoring or decontaminating your smart home devices affected by malware attacks
Family Coverage Extension
Extend your coverage to include your family with an additional premium
Note
*Premium for SI of ₹ 50,000 starts at ₹ 365 annually excluding taxes
Inclusions
What's covered?Digital Theft of Funds
Pays agreed amount in case of financial losses due to unauthorized access to your accounts caused by phishing or email spoofing
Identity Theft
Pays agreed amount in case of lost wages, credit monitoring costs, and the cost of prosecution related to identity theft.
Data Restoration
Pays for IT services to recover data or fix devices after a cyber attack
Cyber Bullying, Cyber Stalking, and Loss of Reputation
Covers the cost of prosecution against a third party for committing cyber bullying or stalking
Cyber Extortion
Covers Loss that the Insured Beneficiary incurs solely and directly as a result of a Cyber Extortion Threat first Discovered during the Period of Insurance
Social Media/Media Liability
Covers Legal liability that directly results from the Identity Theft of the Insured Beneficiary from a legitimate Social Media account of the Insured Beneficiary by Cyber Attack
Privacy Breach and Data Breach Liability
Pays agreed amount for costs including legal fees incurred by the Insured Beneficiary for a Claim for Damages lodged by the Insured Beneficiary
Malware Cover
Covers cost incurred due to damage caused by Malware received through SMS, File transfer, downloaded programs from Internet or any other digital means by the Insured Beneficiary’s Computer System which has resulted in information stored in it to be damaged or altered or disrupted or misused
Phishing Cover
Pays agreed amount for Direct and Pure Financial Loss sustained by the Insured Beneficiary by being an innocent victim of an act of Phishing by a third party
Note
Please read policy wording for detailed terms and conditions
Exclusions
What's not covered?Dishonest or Improper Conduct
Any: a) deliberate, criminal, fraudulent, dishonest or malicious act or omission; or b) intentional or knowing violation of any duty, obligation, contract, law or regulation; by the Insured Beneficiary c) Any losses that are caused intentionally & against the law
Bodily Injury
Any actual or alleged bodily injury, sickness, mental anguish or emotional distress or disturbance, disease or death of any person howsoever caused
Property Damage
Any damage to or destruction of any tangible property, including loss of use thereof
Contractual Liability
Any liability under any contract, agreement, guarantee or warranty assumed or accepted by an Insured Beneficiary except to the extent that such liability would have attached to an Insured Beneficiary in the absence of such contract, agreement, guarantee or warranty
Unsolicited Communication
Any distribution of unsolicited correspondence or communications (whether in physical or electronic form), wiretapping, audio or video recordings or telephone marketing
Trade Secrets and Intellectual Property
Any actual or alleged plagiarism or infringement of any Trade Secrets, patents, trademarks, trade names, copyrights, licenses or any other form of intellectual property
War, Terrorism including Cyber Terrorism and Governmental Acts and Trading
Any losses or liabilities connected with any types of purchase or sale transactions or other dealing in securities, commodities, derivatives, foreign or Federal Funds, currencies, foreign exchange, cryptocurrencies and the like
Note
Please read policy wording for detailed terms and conditions
Safeguard Your Digital Transactions with Bajaj Allianz Cyber Insurance
In today's digital-first economy, UPI fraud protection has become essential as digital payment transactions soar to unprecedented heights. UPI transactions hit a record 16.99 billion in January 2025, amounting to Rs 23.48 trillion, making UPI fraud insurance a critical necessity for every digital payment user. With banking fraud cases surging by nearly 300% in FY 2023-24, reaching 36,075 cases, protecting your digital financial assets has never been more important.
What is UPI Fraud and Why You Need Protection
UPI payment fraud encompasses various deceptive practices where cybercriminals exploit the Unified Payments Interface system to steal money or sensitive information from unsuspecting users. Over 13.4 lakh UPI fraud cases were reported in the 2023-24 financial year, leading to losses exceeding ₹1,087 crore, highlighting the urgent need for comprehensive cyber insurance protection.
Most Common UPI Fraud Types in 2025
Phishing Attacks and Email Spoofing Protection
Phishing is any attempt to obtain your sensitive information such as usernames, passwords, and credit card details by masquerading as a trustworthy entity through electronic communication. Our UPI protection plan covers financial losses from phishing scams and provides prosecution costs against perpetrators.
UPI Payment Request Scams Coverage
Fraudsters send deceptive payment requests disguising them as refunds or salary deposits. UPI fraud occurs when scammers send money to victim's accounts through UPI apps and contact victims requesting payback, potentially infecting devices with malware.
QR Code Fraud Insurance
Cybercriminals send malicious QR codes claiming scanning will credit money, but instead initiate unauthorized payment requests from victim's accounts.
Identity Theft and Data Breach Protection
Identity theft involves any fraudulent and unauthorized access to usage, deletion or alteration of personal data stored in computer systems including digital devices.
Bajaj Allianz Cyber Insurance: Your Ultimate UPI Fraud Protection Plan
Financial Loss Protection Against UPI Fraud
Financial losses like online loss of funds from bank accounts and payment wallets are covered under IT Theft Loss Cover, Phishing Cover and E-mail Spoofing provisions. Our cyber security insurance provides coverage ranging from ₹1 lakh to ₹1 crore, ensuring adequate protection based on your digital usage patterns.
Legal Defense and Prosecution Support
Defense costs resulting from affected party claims are covered under Identity Theft Cover, Social Media Cover and Media Liability Claims Cover, while prosecution costs in criminal cases against third parties are covered under all policy provisions.
Cyber Extortion Coverage
Cyber extortion losses that the insured incurs due to cyber extortion threats are fully covered under our comprehensive UPI fraud insurance policy.
How to Claim UPI Fraud Insurance: Step-by-Step Process
Our streamlined cyber insurance claim process ensures rapid resolution of UPI fraud incidents:
1. Immediate Reporting: Intimate claims within 1-2 working days by calling our Toll Free helpline 1800-209-5858, available 24/7
2. Expert Investigation: We consult forensic experts and verify claim triggers with turnaround time of 4-5 hours for inspection
3. Fast Settlement: Claims are settled and payments remitted within 5 working days after receiving all documents and forensic expert reports
UPI Fraud Prevention: Essential Security Tips
Secure PIN Management for UPI Protection
Regularly update your UPI PIN every three months and never share it with anyone. Google Pay uses two types of protection - unlocking the app and entering your special UPI PIN, which should be kept safe like your ATM code.
Verification Protocols to Avoid UPI Scams
Banks never ask for sensitive information through calls or messages. Customer care representatives of legitimate companies never request PIN, CVV, or OTP details.
App Security for UPI Fraud Prevention
Download UPI applications only from official sources like Google Play Store or Apple App Store. Enable biometric authentication and install antivirus software for enhanced protection.
How to Identify and Avoid UPI Payment Scams
Communication Red Flags in UPI Fraud
If you receive calls from unknown numbers claiming to be from banks or stores asking for secret information like ID cards, important papers, or financial numbers, be extremely careful.
Transaction Vigilance for UPI Security
Remember that receiving money through UPI never requires entering your PIN. Be suspicious of any request asking for PIN entry to receive funds.
QR Code Safety Guidelines
Only scan QR codes from verified sources and remember that QR codes are meant for making payments, not receiving them.
Why Choose Bajaj Allianz for UPI Fraud Insurance?
Trust and Experience in Cyber Insurance
Bajaj Allianz General Insurance has been serving over 150 million customers since receiving IRDA registration in 2001, maintaining founding principles of simplifying and protecting customer lives. As pioneers in digital insurance innovation, we were the first insurance company in India to issue policies online.
Affordable UPI Protection Plans
Our cyber insurance plans start from as low as ₹1 per day, making comprehensive UPI fraud protection accessible to all digital payment users. We understand that everyone has different needs, with coverage requirements varying based on internet usage habits, offering plans ranging from ₹1 lakh to ₹1 crore.
24/7 Customer Support for Cyber Insurance
Our dedicated customer service team is available round-the-clock to assist with any cyber insurance queries or claim reporting. We are working 24 hours just to provide hassle-free insurance experience through our Toll Free Number 1800-209-5858.
Complete Cyber Protection Beyond UPI Fraud
Extended Cyber Insurance Coverage
Our comprehensive cyber insurance policy extends protection beyond UPI fraud to include:
● Malware and Virus Protection: Coverage for device infection and data recovery
● Social Media Liability Insurance: Protection against social media-related cyber incidents
● Cyber Stalking Coverage: Financial and legal support for cyber stalking victims
● Data Breach Protection: Coverage for personal data breaches and privacy violations
Value-Added Services with UPI Fraud Insurance
● IT Consultation Services: Expert guidance on cybersecurity best practices
● Counselling Support: Professional counselling services for cyber attack victims
● Document Restoration: Assistance with recovering and restoring important digital documents
Get UPI Fraud Insurance Today: Secure Your Digital Future
With UPI fraud incidents escalating rapidly, protecting your digital transactions is no longer optional—it's essential. Don't wait until you become a victim of cybercrime. Our UPI fraud insurance provides comprehensive protection, giving you peace of mind while conducting digital transactions.
Buy UPI Protection Plan Online
Ready to safeguard your digital transactions? Visit our comprehensive cyber insurance portal to explore our complete range of cyber security insurance solutions. Our expert team will help you choose the perfect UPI protection plan tailored to your specific needs and digital usage patterns.
Protect your digital life today with Bajaj Allianz Cyber Insurance – because your financial security deserves the best protection available.
Benefits You Deserve
Variety of Plans Available
Select from a wide range of coverages
No deductibles
Protection without the extra cost: Zero deductibles, zero worries
No sub-limits
Unlimited coverage: No sub limits, maximum protection
At-A-Glance
Find the best coverage options side by side, tailored to your needs.
| Coverage Name |
Plan 1 |
Plan 2 |
Plan 3 |
Plan 4 |
|---|---|---|---|---|
| Digital Theft of funds | Yes | Yes | Yes | Yes |
| Identity theft | Yes | Yes | Yes | Yes |
| Data Restoration | Yes | Yes | Yes | Yes |
| Cyber Bullying/Stalking/Loss of reputation | Yes | Yes | Yes | Yes |
| Cyber Extortion | Yes | Yes | Yes | Yes |
| Online Shopping | Yes | No | Yes | Yes |
| Online Sales | No | No | No | Yes |
| Social Media/Media Liability | No | Yes | No | Yes |
| Network Security Liability | No | No | No | Yes |
| Privacy Breach and Data Breach Liability | No | Yes | No | Yes |
| Privacy Breach and Data Breach by Third Party | No | No | No | Yes |
| Loss of Professional Income | No | No | No | Yes |
How to File a Cyber Insurance Claim
Step 1: Immediately lodge a written complaint/FIR with police and cyber cell Step 2: Intimate Bajaj Allianz within 1-2 working days by calling the toll-free helpline 1800-209-5858 Step 3: Provide all necessary documentation and evidence Step 4: Await forensic expert verification and claim processing
Premium and Coverage Options
Starting at just ₹1 per day, Bajaj Allianz Cyber Insurance offers affordable protection against escalating cyber threats. The policy provides:
● Annual renewable coverage
● No waiting period for most benefits
● Worldwide coverage for Indian residents
● Additional counselling and legal support services
Prevention Tips While Maintaining Insurance Protection
While cyber insurance provides crucial financial protection, combining it with preventive measures maximizes your security:
● Never share verification codes or personal information via WhatsApp
● Verify sender identity through alternative communication channels
● Report suspicious messages to authorities immediately
● Regularly update privacy settings and security features
Get Protected Today
Don't wait for cyber fraudsters to target you. With WhatsApp banning over 9.7 million accounts in India by February 2025 due to fraudulent activities, the threat landscape continues evolving rapidly.
Ready to secure your digital life? Visit Bajaj Allianz Cyber Insurance to get instant quotes and comprehensive protection against WhatsApp fraud and other cyber threats. Protect your financial future with India's most trusted cyber insurance provider.
Download Policy Document
Get instant access to your policy details with a single click.
How Bajaj Allianz Individual Cyber Safe Insurance Protects You?
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How To List
Easy steps to buy, renew, and claim Cyber Insurance
How to Buy
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Visit Bajaj Allianz website
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Enter personal details
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Compare cyber insurance plans
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Select suitable coverage
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Check discounts & offers
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Add optional benefits
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Proceed to secure payment
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Receive instant policy confirmation
How to Renew
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Login to the renewal portal
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Enter your current policy details
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Review and update coverage if required
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Check for renewal offers
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Add or remove riders
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Confirm details and proceed
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Complete renewal payment online
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Receive instant confirmation for your policy renewal
How to Claim
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Notify Bajaj Allianz about the claim
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Submit all the required documents
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Choose cashless or reimbursement mode for your claim
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Avail treatment and share required bills
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Receive claim settlement after approval
Contact Us
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For any further queries, please reach out to us
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Toll Free : For Sales :1800-209-0144
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Email ID: bagichelp@bajajallianz.co.in
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What Our Customers Say
Great Protection
My company was hacked, but my cyber insurance had my back. The best decision I ever made!
Reena Khatun
Mumbai
17th May 2025
Highly Recommended
Had a phishing attack last month, but I didn’t lose a rupee because of my cyber insurance. Highly recommend! 🛡️
Harsh Tiwari
Bengaluru
4th Feb 2025
Easy Protection
If you surf the internet every day, cyber insurance is a must. This app made getting insured so easy! 🚀
Ajay Kumar
Delhi
3rd Feb 2025
Seamless process
I purchased my cyber risk coverage through this app, and the process was seamless! Now I feel more secure online.
Shivani Gupta
Mumbai
3rd Feb 2025
FAQs
What is the minimum coverage for UPI fraud insurance?
Our UPI fraud protection plans start from ₹1 lakh coverage with premiums as low as ₹1 per day.
How quickly are UPI fraud insurance claims settled?
Claims are processed and settled within 5 working days after receiving all required documents and forensic expert reports.
Does the policy cover international UPI transactions?
Yes, our cyber insurance policy covers UPI fraud incidents regardless of transaction location.
Remember: In the digital age, cyber insurance isn't just an option—it's your financial safety net against the growing threat of UPI fraud and cybercrime.
Can individuals get cyber insurance in India?
Yes, any individual aged 18 or above can purchase cyber insurance in India. Recognising that internet use is now a regular part of life, we've made our Individual Cyber Safe Policy easily accessible.
What is the policy period?
This is an annual policy. Renewing your policy is quick and easy, allowing you to maintain your cyber protection for as long as you're online.
What plans are available under the policy?
We understand that everyone has different needs. Coverage requirements vary depending on internet usage habits and other factors. Our Cyber Insurance Policy offers plans ranging from ₹1 lakh to ₹1 crore. The Personal Cyber Insurance cost varies accordingly, with several affordable options available.
Is there an excess on this policy?
There is no excess on the Cyber Insurance Policy. An excess is the amount you pay towards a claim before the insurer settles it. Our policy removes this extra cost.
What if I am the victim of more than one cybercrime simultaneously?
We're sorry to hear that. In such a situation, you can claim under the policy. However, only one insuring clause per event can be claimed.
What is a cyber insurance policy?
A cyber insurance policy safeguards businesses and individuals against financial losses from cyberattacks, data breaches, and other cyber incidents. It typically covers costs associated with data recovery, legal fees, and notification expenses.
Can I get a cyber insurance policy for my business?
Yes, cyber insurance policies are designed for businesses of all sizes. The range of available coverage options can vary significantly based on the specifics of your business and its online activities, ensuring that you can find a plan that effectively meets your unique needs.
What is the cost of cyber insurance policy?
The cost of a cyber insurance policy varies depending on factors such as your business size, the types of data you handle, the coverage level you select, and your company's cybersecurity measures.
What documents do I need to get a cyber insurance policy?
Usually, you will need to provide information about your business's cybersecurity practices, data storage methods, and incident response plan. Some insurers may require documentation related to your company's risk assessments and security audits. It's always best to check with the specific insurance provider for their documentation requirements.
What types of incidents are covered by cyber insurance?
Generally, it covers a range of incidents, including data breaches, ransomware attacks, phishing scams, and network security failures. Coverage extends to costs associated with data restoration, legal representation, customer notification, and financial losses due to business disruptions. Specific coverage may vary based on the policy and provider.
How is the cost of cyber insurance determined?
The cost of cyber insurance is influenced by several factors, such as the size of the business, the type of data handled, the strength of existing security measures, and the industry in which the business operates. Insurers assess risk based on these factors to determine premiums. Companies with robust security protocols may qualify for lower rates
What steps should I take after a cyber incident?
Following a cyber incident, it is crucial to immediately notify your cyber insurance provider. You should also preserve all relevant evidence, initiate your incident response plan, and engage with cybersecurity professionals to access and mitigate the damage. Timely reporting and action are essential for a successful claim and minimizing losses.
Does cyber insurance cover all financial losses from a cyberattack?
While cyber insurance aims to cover a broad range of financial losses, certain exclusions may apply. Policies often have limits and may not cover indirect losses, such as reputational damage or future business opportunities. It's essential to carefully review your policy to understand the scope of coverage and any potential limitations.
Can I renew my cyber insurance policy?
Yes, cyber insurance policies are usually renewable. Most insurers offer renewal options, though the specific terms may depend on your company's risk profile.
How can I extend my cyber insurance plan?
Cyber insurance policies are preferably renewed rather than extended. It is better if you contact your insurance provider before the policy's expiration date to initiate the renewal process.
What happens if my cyber insurance expires?
If your cyber insurance expires, it remains uncovered. The owner will be financially responsible for any losses resulting from data breaches, cyberattacks, or other events which are usually covered under cyber insurance.
What is the validity period of cyber insurance?
The validity period for cyber insurance typically lasts one year, although some insurers may offer policies with different durations. Always verify the validity period with your insurance provider when purchasing or renewing your policy.
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