ATM Assault Insurance Cover

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Fraudulent Charges Cover FAQs

Fraudulent Charges Insurance - Frequently Asked Questions

Why should I have a Cover for Fraudulent Charges?

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.

Will Fraudulent Charges Cover protect me from losses incurred due to theft?

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.

Will I get coverage if my payment card is in my possession?

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:

• In-store
• Telephone
• 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.

Does the Fraudulent Charges Cover protect me from losses incurred outside the policy period?

No. The Fraudulent Charges Cover by Bajaj Finserv does not cover losses that don’t occur during the policy period.

Does the Fraudulent Charges Cover protect me from losses related to business pursuits, including my work?

The Fraudulent Charges Insurance Cover by Bajaj Finserv does not cover losses resulting from or related to business pursuits, including your work or profession.

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