BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
HDFC ERGO, India’s third-largest non-life insurance provider in the private sector, announced the launch of ‘E@Secure’, a Cyber Insurance Policy for individuals. HDFC ERGO is based in
A
Mumbai
B
New Delhi
C
Chennai
D
Kolkata
Explanation: 

Detailed explanation-1: -Detailed Solution. HDFC ERGO, India’s third-largest non-life insurance provider in the private sector, announced the launch of ‘[email protected]’, a Cyber Insurance Policy for individuals.

Detailed explanation-2: -With HDFC ERGO Cyber Sachet Insurance, get a comprehensive protection from rising cyber threats.

Detailed explanation-3: -Disclosure Liability coverage extends to outsourced data processing and data storage services. Privacy notification expenses coverage is triggered without a requirement for a claim or a regulatory requirement mandating the notification. Covers Cyber hacking and cyber attack incidents.

Detailed explanation-4: -with HDFC General Insurance Ltd. (formerly Known as L&T General Insurance Co. Ltd.), and the merged entity, known as HDFC ERGO General Insurance Co. Ltd., is the third largest General Insurance provider in the private sector.

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