Safeguard Online Payments With Fraudulent Charges Cover From Bajaj Finserv

/ -- With a steep rise in the number of people making digital payments amid the lockdown, incidents of glitches in payment processing, hacking and data breaches have also increased tremendously.

India has witnessed not only a surge in the number of transactions but the number of downloads of digital payment platforms have also almost doubled. According to a research report published by CLSA, these numbers had already jumped three-fold over the last two years to 3 billion transactions a month. This is because of many first-time users, who were earlier not very keen on making digital payments are now due to social distancing measures, have to pay online for buying essentials.

Although most forms of digital payments have now become relatively secure, but the risk of online frauds still remain high. To ensure customers are financially covered in case their payment information is compromised, Bajaj Finserv is offering an affordable solution called Fraudulent Charges Cover.

Offering a coverage of up to Rs. 75,000 at a nominal premium of Rs. 299 per year, the Fraudulent Charges Cover offered by Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv, provides customers with a safety net if they ever fall prey to an incident of unauthorised charges made on their credit or debit card or any payment card.

Fraudulent Charges Cover offered under Pocket Insurance & Subscriptions, offers a host of benefits to the customers such as:
Reimbursement claim:
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