May 02, 2025 12:33 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Air India will see a $600 million loss with Pakistan banning its airspace after Pahalgam attack: Report | Don't demoralise our forces: Supreme Court rejects plea seeking judicial probe into Pahalgam terror attack | PM Modi inaugurates WAVES, says right time to 'Create In India, Create For The World' | Kolkata fire: Hotel owner and manager arrested after blaze kills 14 | Pahalgam terror attack: US appeals to India and Pakistan to de-escalate border tensions | Pahalgam fallout: Instagram accounts of Mahira Khan, Hania Aamir, other Pakistani actors blocked in India | India shuts airspace for all Pakistani flights days after Pahalgam massacre | Bangladesh Supreme Court stays HC order granting bail to Chinmoy Krishna Das in sedition case | After Pahalgam terror attack, India warns Pakistan over 'unprovoked firing' along LoC: Report | PM Modi to skip Russia's Victory Day parade on May 9 in backdrop of Pahalgam attack
Payment Protect
UNI

Paytm and HDFC ERGO launch ‘Payment Protect’ a one-of-a-kind bite-size insurance policy to protect mobile transactions up to Rs 10,000

| @indiablooms | Dec 20, 2022, at 12:14 am

Kolkata: One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments in India, has launched ‘Paytm Payment Protect’, a group insurance plan in association with HDFC ERGO General Insurance, a leading general insurance company of India, to insure transactions made through UPI across all apps and wallets.

With this new insurance offering, which comes at a cost of as low as Rs 30 per annum, users can now secure themselves against mobile fraudulent transactions up to Rs 10,000. Higher cover options for cover up to ₹1 Lakh per annum will soon be added to the product.

As a first-of-its-kind offering, this product is aimed to further enhance the trusted digital payments experience and increase the adoption of the same in the country. Paytm is a pioneer of mobile payments, with a trusted and vast reach, which HDFC ERGO will now leverage to drive its affordable and comprehensive insurance plans.

Commenting on the launch of this unique policy, Bhavesh Gupta, CEO of Lending and Head of Payments at Paytm, said, “We are the pioneers of mobile and QR payments in India, with customer safety being our top priority. We are offering an insurance cover with convenient claims with a vision to  safeguard users and fight cyber crimes. Our partnership with HDFC ERGO is aligned with our mission of spreading financial awareness and propelling safer digital payments adoption in the country.”

Parthanil Ghosh, President, Retail Business, HDFC ERGO General Insurance, said, “The use of mobile wallets and UPI has increased exponentially, especially after the pandemic. While it brings ease and convenience, it also makes one susceptible to cyber frauds. We are excited to partner with Paytm as this asserts our pledge to provide innovative solutions to mitigate cyber risks in today’s digital era. Our comprehensive insurance offering, coupled with Paytm’s digital access, will boost digital growth and ensure financial inclusion along with protection from cyber frauds across the country.”

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu