Truecaller, the dominant worldwide communications platform, has partnered with HDFC ERGO, the foremost general insurance company in India.
The project seeks to offer heightened protection to customers in India against digital communication fraud.
The Indian Cyber Crime Coordination Centre recently released a report indicating that digital financial scams amounted to an astonishing INR 1.25 lakh crore within the past three years. Truecaller’s revolutionary insurance solution demonstrates its steadfast dedication to combatting cyber fraud and safeguarding users with enhanced software capabilities, both during and after mobile communication.
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The Fraud Insurance program offers maximum coverage of INR 10,000 to Android and iOS users throughout India. The product is accessible to Truecaller’s yearly premium subscribers, and all current clients can have this protection at no additional cost as part of their existing plan. In order to guarantee a seamless and trouble-free experience for all users, the Truecaller app incorporates fraud coverage in a fluid manner. This coverage becomes active as soon as the user chooses to opt in for the insurance option.
The insurance plan necessitates no supplementary documentation and can be activated immediately using the Truecaller application. The new solution will improve user experience by delivering comprehensive protection throughout the entire process of receiving a call, communicating, and afterward. This will be achieved through the implementation of AI spam blocking, an AI Assistant, call scanning, and Fraud Insurance to ensure complete coverage.
Rishit Jhunjhunwala, Chief Product Officer and MD, India, Truecaller, said: “We’re thrilled to launch this innovative insurance offering as part of our ongoing commitment to providing comprehensive solutions that prioritize user security and trust. With the launch of Fraud Insurance, we’re not just introducing a feature; we’re reinforcing our dedication to safeguarding our community against the ever-evolving threats of digital fraud, and empowering them with the peace of mind they deserve in today’s complex digital landscape. As we continue to innovate and adapt to the changing landscape of digital communication, Truecaller remains steadfast in our promise to empower users with the tools they need to stay safe online.”
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