GENERAL KNOWLEDGE

Detailed explanation-1: -A kidnap insurance protects individuals or corporate from adverse situations like kidnapping, extortion and hijacking. It typically covers death due to ransom, extortion, loss of payment in transit, settlements, defence costs and other related expenses.

Detailed explanation-2: -Ransomware insurance is a type of cyber insurance coverage that can cover financial losses, including ransom fees and business interruption costs, stemming from a ransomware attack.

Detailed explanation-3: -Corporate policies generally cover most kidnapping-related expenses including hostage negotiation fees, lost wages and the ransom amount. Policies for individuals help pay for the cost of dealing with a kidnapping but do not reimburse for ransom payments.