Truecaller Partners with HDFC ERGO to Launch Fraud Insurance

twenty seventh June 2024, Bangalore, India: Truecaller, the world’s foremost worldwide communications platform, in collaboration with HDFC ERGO, India’s foremost fundamental insurance coverage protection Company, is proud to announce the launch of Fraud Insurance, an initiative geared towards providing enhanced security to prospects in direction of digital communication frauds in India.

A present report by the Indian Cyber Crime Coordination Centre revealed that digital financial frauds accounted for a staggering INR 1.25 lakh crore over the previous three years. With the rising cases of cyber fraud, this contemporary insurance coverage protection offering underscores Truecaller’s unwavering dedication to combating fraud and guaranteeing client security through superior app choices – sooner than, all through and after mobile communication.

The Fraud Insurance product will current safety up to INR 10,000 to Android and iOS prospects all through India. The product is on the market to yearly premium subscribers of Truecaller and all present prospects can avail this security with out price beneath their present plan. To assure a clear and hassle-free experience for all prospects, the fraud safety is seamlessly built-in into the Truecaller app, and is activated as quickly as the buyer opts in for the insurance coverage protection risk.

The insurance coverage protection plan requires no additional paperwork and one can permit it instantly through the Truecaller app. The new offering will enhance client experience by providing all spherical security from the time of receiving a reputation, all through and after communication with the help of AI spam blocking, AI Assistant and identify scanner and Fraud Insurance to full the loop.

Speaking on the launch of Truecaller’s Fraud Insurance, Rishit Jhunjhunwala, Chief Product Officer and MD, India, Truecaller acknowledged, “We’re thrilled to launch this contemporary insurance coverage protection offering as part of our ongoing dedication to providing full choices that prioritize client security and perception. With the launch of Fraud Insurance, we’re not merely introducing a attribute; we’re reinforcing our dedication to safeguarding our group in direction of the ever-evolving threats of digital fraud, and empowering them with the peace of ideas they deserve in as we converse’s superior digital panorama. As we proceed to innovate and adapt to the altering panorama of digital communication, Truecaller stays steadfast in our promise to empower prospects with the devices they need to hold safe on-line.”

Vishal Sikand, Joint President, Commercial Lines, HDFC ERGO General Insurance, talked about, “The pandemic has accelerated the utilization of digital mobile price inside the nation. While it brings consolation, it moreover leads to an increase in digital frauds inside the nation. We are delighted to companion with Truecaller as a result of it underscores our dedication to leverage cutting-edge know-how whereas offering customer-centric enhancements. Our full insurance coverage protection offering, coupled with Truecaller’s intensive client base will propel financial inclusion alongside with security from digital communications fraud inside the nation.”