Tata AIG launches CyberEdge to protect Indian businesses

A standout feature of CyberEdge is its 24/7 First Response Cover, providing access to cyber risk management experts within two hours of an incident being reported

Tata AIG General Insurance Company has introduced CyberEdge, an advanced cyber insurance solution aimed at shielding Indian businesses from escalating cyber threats. Designed for organizations of all sizes, especially small and medium enterprises (SMEs), the policy offers comprehensive cybersecurity coverage, including forensic investigations, legal fees, data recovery, extortion payments, and business interruption losses.

A key feature of CyberEdge is its 24/7 First Response Cover, ensuring immediate access to cyber risk management experts within two hours of a reported incident. This rapid response is critical to minimizing damages, safeguarding sensitive data, and ensuring a seamless recovery process.

A comprehensive cybersecurity solution

CyberEdge provides holistic coverage tailored to the growing needs of modern businesses. It addresses crucial areas such as Bring Your Own Device (BYOD) policies, Operational Technology (OT) systems, Industrial Control Systems, and Supervisory Control and Data Acquisition (SCADA) setups. Additionally, the policy includes network interruption coverage for up to 120 days, covering even voluntary or regulatory shutdowns, making it an ideal business cyber insurance solution.

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The policy also offers data breach insurance, bricking recovery expenses for damaged equipment, forensic accounting fees to calculate losses, and proactive mitigation costs at no extra premium. Further, it provides coverage for digital media-related liabilities and cybercrime-induced losses, making it an essential cyber insurance solution.

Tata AIG General Insurance Company aims to capture 25% of the Indian cyber insurance market over the next five years. With the market valued at ₹850 crore in 2024 and projected to grow at a compound annual growth rate (CAGR) of 25% from 2025 to 2030, the company is positioning itself as a leader in insurance for tech companies and enterprises across various sectors.

Addressing India’s rising cyber threats

The launch of CyberEdge comes at a critical time, as India recorded 79 million cyberattacks in 2023, a number expected to surge to 1 trillion annually by 2033. The policy aligns with regulatory initiatives from the Insurance Regulatory and Development Authority of India (IRDAI), which aim to enhance cybersecurity coverage amid rising threats.

With growing demand for business cyber insurance from IT companies, banks, and BPOs, Tata AIG’s CyberEdge is poised to empower Indian enterprises with robust protection against data breaches and other cyber risks. 

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