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Identity Theft

What is Identity Theft?

97 % of Indians have not even heard of Identity Theft. This makes Indians a soft target for Identity Theft. This lack of awareness, combined with the associated lack of preventive and monitoring tools implies an even greater risk. As per the Norton Cybercrime report, 2 out of 3 Online Indians have been victims of this menace.

Most people do not realise that identity theft, credit misdemeanours, malware and other such criminal acts are fast evolving and don't know how to protect themselves. Identity Criminals’ apply tactics to target online platforms to steal the identity and use it for various activities that can lead to sever financial consequences and losses to the individuals.

In Cyber Crime space Identity Theft is a growing concern globally. Infact, Cyber Crime is the fastest growing crime in the world. India is emerging as a soft target for organized cyber crime. Globally over 10 Lakh individuals become victims of Cyber Crime every day.

How Credit Sudhaar Can Help You

Credit Sudhaar can help you get cover against the Identity Theft at highly competitive rates.

Cover under Identity Theft Insurance

  • Extends cover against expenses incurred to resolve the issue of Idenity Theft.
  • The expneses include lost wages, reasonable legal expenses, notarizing expenses, obligation to pay, cost of credit reports and application fee for bank accounts, credit cards etc.
  • It also covers you against unauthorized charges made on your Credit or Debit cards
  • Extends card protection for upto 12 hours prior to loss reporting
  • Exclustions

    General Exclusions
  • Illegal Acts
  • Intentional Acts
  • War, invasion, act of foreign enemy, civil war, rebellion, terrorism, riot, civil commotion etc.
  • Order of any Govt. or public authority
  • Nuclear Perils.

  • Specific Exclusions
  • Monetary losses unrelated to resolution of identity theft
  • Physical injury, sickness, disease, disability, shock, mental anguish, paid workdays by employer
  • Charges more than 12 hours prior to first reporting the loss of the card
  • Charges post reporting the loss of the card
  • Cash advances made by card
  • Charges incurred by a person whom the card was entrusted to
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