Having a cover for fraudulent charges can protect you from the financial risks incurred due to lost payment cards, or any other unauthorised usage of cards.
If your payment card as specified in the schedule, is lost or stolen, the losses incurred due to unauthorised charges will be reimbursed, up to 7 days prior to when you first reported the event, and 7 days post reporting of your event.
In case your payment card is in your possession, you can claim reimbursement for charges made 7 days prior to when you first reported the event, and 7 days post reporting of your event. However, these unauthorised charges must be made on your bank account or credit account via the following mediums:
• ATM Withdrawals
• Online Purchase, using your payment card information
Our liability shall be limited, as per the occurrence and the policy period limits, stated on the policy schedule.
No. The Fraudulent Charges Cover by Bajaj Finserv does not cover losses that don’t occur during the policy period.
The Fraudulent Charges Insurance Cover by Bajaj Finserv does not cover losses resulting from or related to business pursuits, including your work or profession.
All you need to know about personal loan from Bajaj Finserv