Janardhan NAre you truly protected in today’s digital world, where cyberattacks happen every few seconds?
India, currently being the 2nd most targeted nation worldwide in terms of cybercrime, is seeing more frequent and modern attacks every day.
In 2024, data breaches in India cost an average of ₹19.5 crore, a significant amount. It is able to even shut down an organisation.
The Indian cyber insurance market, valued at $582.2 million, is rapidly growing but still small in comparison to the global market of $14.2 billion
Cyber attacks will not slow down, but you should be prepared with your precautions. Cyber insurance is your preventive measure that will protect you from the monetary impacts of a breach.
Mitigata – No.1 Your Cyber Resilience Partner
At Mitigata, we make cyber protection simple and accessible. Trusted by 800+ businesses across India, we’re not just another insurance provider – we’re a full-stack cyber resilience company.
From Insurance to security and compliance, we cover it all. And because we’re partnered with leading insurers, you get the best coverage at market-best rates without the usual headaches.
With Mitigata, you’re not just buying insurance. You’re building cyber resilience.
Full Cyber Insurance Coverage Starts at Just ₹49,000/year*
Stay safe online with complete coverage, best-in-market prices, and claims that actually keep their promise.
Top Cyber Insurance Providers in India
Take a look at 7 industry-leading cyber insurance providers in India that will help you to choose the best insurance possible.1. HDFC ERGO
HDFC ERGO is among the top names in cyber insurance, known for its wide range of protection. The policy is designed to cover risks that hit both financial stability and brand reputation – from identity theft to malware attacks. It’s built to support businesses of every size, giving you a safety net if a breach leaves you facing heavy recovery costs.
Key Features:
- If your business data is exposed, HDFC ERGO covers any legal claims or liabilities that arise from it.
- Helps cover the costs of restoring lost or damaged data due to cyberattacks.
- If a cyber incident affects your public image, the policy covers PR costs to help rebuild your image.
- Takes care of legal expenses tied to lawsuits or regulatory actions resulting from cyber incidents.
Mitigata offers seamless claims support and risk mitigation services with HDFC ERGO. Let’s ensure you’re fully covered – schedule a meeting today!”
2. Bajaj Allianz Cyber Insurance
Bajaj Allianz is another leading cyber insurance company in India, offering insurance designed to protect both individuals and professionals from escalating cyber dangers. With fraud, hacking, and phishing on the rise, their coverage focuses on financial security, reputation management, and legal support.
Key features include:
- Protects against financial losses caused by illegal access, phishing, or hacking events.
- Helps in compensating for financial losses incurred when operations are suspended due to a cyber incident
- Provides safety from ransomware and other extortion attempts in which criminals demand money.
- Covers costs of alerting affected users and passing data protection regulations.
From quote to claim, Mitigata ensures you get Bajaj Allianz cyber insurance at unbeatable rates with 24/7 expert support.
3. ICICI Lombard Cyber Insurance
ICICI Lombard is a well-known cyber insurance provider. Its policy is built to cover data breaches, business interruption, and liability risks that come with cyberattacks. It allows SMEs and large organizations to select coverage depending on risk exposure.
Key features:
- Offers financial protection from ransomware attacks and compensation for recovering control of your systems.
- It covers revenue losses and operational delays caused by cyberattacks.
- It also offers coverage for third-party claims resulting from data breaches, including privacy violations.
- Offers access to expert assistance from managing the issue to recovering from it.
Unlock extra value with Mitigata’s exclusive brokerage services for ICICI Lombard. Let’s discuss your needs and save you 10% on renewals!
4. IFFCO Tokio Cyber Insurance
IFFCO Tokio’s cyber insurance policy is built to cover more than just the basics. It’s a renowned cyber insurance provider, catering to both financial and operational damage that comes with a cyberattack. It usually covers data breaches, cybercrime, and financial losses, making it a strong option for businesses looking for complete protection.Key Features:
- Covers the financial loss of data theft, including customer notifications and system recovery costs.
- Takes care of losses related to fraud, hacking, and phishing attacks.
- Support you with the PR and communications aspect of any cyber event, in order to mitigate the loss to your business’s reputation.
- Helps with the costs of defending against lawsuits that arise from cyber-related claims.
Mitigata’s expert advice and tailored insurance solutions for Iffco Tokio can save you time and money. Let’s optimize your coverage
5. SBI General Cyber Insurance
SBI General, one of the top cyber insurance companies, provides full coverage for enterprises, individuals, and families facing online risks. With rising dependence on digital platforms, this policy is built to protect against identity theft, cyberbullying, online fraud, and data breaches.Key Features:
- Cover coverage claims made by third parties for data breaches or cyber incidents linked to your business.
- SBI General compensates for the revenue lost in case a cyberattack disrupts your business
- Helps your business in providing the costs necessary to stay compliant with data protection laws.
- Supports in managing the consequences of an incident, from a data breach to rebuilding client trust.
Take your SBI General Coverage to the next level with Mitigata’s proactive claims management and cybersecurity tools.
Tailored Cyber Insurance Starts at Just ₹49,000/year*
Stay safe online with complete coverage, best-in-market prices, and claims that actually keep their promise.
6. Zurich Kotak Cyber Insurance
Zurich Kotak offers some of the best cyber insurance plans, ideal for small and medium-sized enterprises (SMEs) that require cost-effective yet comprehensive protection against cyber threats. It focuses on guarding digital identity, financial assets, and personal reputation.
Get your Zurich Kotak insurance quote instantly with Mitigata at the best market rates without paying extra.
Key features include:
- Protection against phishing scams and online fraud.
- Ransomware coverage to offset financial losses if your systems are locked.
- Cyber liability cover for third-party legal claims after an attack or data breach.
- Forensic assistance to investigate the breach and prevent it from happening again.
7. TATA AIG Cyber Insurance
TATA AIG provides one of the most comprehensive cyber insurance options, suitable for businesses of all sizes. Their policy covers both financial loss and operational disruption, giving companies all-around protection against modern cyber risks.
Key Features:
- TATA AIG covers costs related to notifying affected customers and restoring compromised data.
- If your business operations are disrupted by a cyberattack, TATA AIG compensates for the loss of revenue.
- helps in compensating for the losses caused by cybercriminal activities, including hacking and fraud.
- Offers safety from ransomware attacks, including costs to recover or negotiate after an attack.
Skip the waiting line – let Mitigata get you the best insurance quote with fast claims and expert guidance.
Comparison Table: Why is Mitigata the Best Cyber Insurance Company?
| Feature | Mitigata | Tata AIG | ICICI Lombard | HDFC ERGO | Bajaj Allianz |
|---|---|---|---|---|---|
| Cyber & Liability Insurance | Yes | Yes | Yes | Yes | Yes |
| Risk Quantification & Coverage | Yes | No | No | No | No |
| Know Your Insurance Sessions | Yes | No | No | No | No |
| Mitigata Cybersecurity Tools | Yes | No | No | No | No |
| Monthly Cybersecurity Scans | Yes | No | No | No | No |
| Employee Phishing Simulation | Yes | No | No | No | No |
| Employee Cybersecurity Training | Yes | No | No | No | No |
| Cybersecurity & Compliance Marketplace | Yes | No | No | No | No |
| Dedicated Incident POC | Yes | No | No | No | No |
| Fast Claims Processing | Yes | Yes | Yes | Yes | Yes |
| Incident Response Support | Yes | No | No | No | No |
| Legal & PR Support | Yes | No | No | No | No |
| Personal Cyber Insurance | Yes | No | No | Yes | No |
| Customizable Phishing Campaigns | Yes | No | No | No | No |
| Compliance Marketplace Discounts | Yes | No | No | No | No |
| 24/7 Support | Yes | Limited | Limited | Limited | Limited |
Cybercrime is Expensive, but Cyber Protection Isn’t.
Mitigata finds you the right policy at the best rates, customized to your business needs.
