Truecaller, the world’s leading global communications platform, has partnered with HDFC ERGO, India’s leading general insurance company to launch Fraud Insurance. This initiative aims to provide enhanced protection to consumers against digital communication frauds in India.
The Fraud Insurance product will provide coverage up to Rs 10,000 to Android and iOS users across India. Truecaller’s annual premium members can purchase the product, and all current users can get this protection for free with their current subscription. The fraud coverage is effortlessly incorporated into the Truecaller app and is activated once the user chooses the insurance option, ensuring a seamless and hassle-free experience for all users.
The insurance coverage can be activated immediately through the Truecaller app and doesn’t require any additional paperwork. Using AI spam filtering, AI assistant, call scanning, and fraud insurance to close the loop, the new solution will improve user experience by giving comprehensive protection before, during, and after contact.
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Speaking on the launch of Truecaller’s Fraud Insurance, Rishit Jhunjhunwala, Chief Product Officer and MD, India, Truecaller stated, “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.”
Vishal Sikand, Joint President, Commercial Lines, HDFC ERGO General Insurance, added, “The pandemic has accelerated the use of digital mobile payments in the country. While it brings convenience, it also leads to an increase in digital frauds. We are delighted to partner with Truecaller as it underscores our commitment to leverage cutting-edge technology while offering customer-centric innovations. Our comprehensive insurance offering, coupled with Truecaller’s extensive user base, will propel financial inclusion along with protection from digital communications fraud in the country.”
The launch of Fraud Insurance further solidifies Truecaller’s commitment to introducing products that offer comprehensive fraud protection solutions, thereby safeguarding digital experiences effectively.
