Cyber Insurance

Yes. Most Indian policies now include a “Financial Loss” or “Cyber Crime” section. If your business account is drained through a phishing link or an unauthorized UPI transfer, the policy can reimburse the stolen amount (subject to timely FIR filing).

Under this new Indian law, if you lose customer data, you can be fined up to ₹250 Crores per instance. Cyber Insurance covers the Regulatory Defense Costs and, in many cases, the actual penalties (where legally permitted) imposed by the Data Protection Board.

Yes, but with a catch. In India, insurers provide “Cyber Extortion” cover which pays for professional negotiators and the ransom (usually in Bitcoin). However, you must get the insurer’s approval first, as paying certain groups might violate Indian anti-money laundering laws.

Yes. “Human Error” is the cause of 90% of cyber incidents in India. Whether an employee accidentally leaks a password or clicks a phishing mail, the policy covers the resulting data breach and system restoration costs.

This is often an add-on in India. If a hacker impersonates your boss (CEO fraud) and asks you to transfer funds to a fake vendor account, you need the Social Engineering/Phishing Extension to get a claim.

In India, to prove a cybercrime, you need a certified digital forensic report. These experts charge between ₹50,000 to ₹5 Lakhs per day. Your policy pays these experts to find out how the hacker got in and to “clean” your servers.

Yes, under the “Business Interruption” clause. If a cyberattack crashes your server and you can’t take orders for 3 days, the insurer pays for the revenue you lost during that downtime

Don’t worry. Most Indian cyber insurers provide a “24/7 Incident Response Hotline.” The moment you suspect a hack, you call them, and they provide a team of lawyers and IT experts to guide you through the crisis.