INSURANCE
FreeCharge offers free insurance policy for mobile wallet users
Dec-21-2016

In a bid to tackle increasing cyber crimes and online frauds in the country as e-commerce expands, Digital payments platform FreeCharge has announced that it will provide free insurance on wallet balance of up to Rs 20,000 on their e-wallets to users in case of loss or theft of mobile phones. The Snapdeal-owned company has partnered Reliance General to provide free insurance on wallet balance to customers, including consumers and merchants.

Under the wallet insurance arrangement, the wallet balance of customers will be insured up to a limit of Rs 20,000, as long as the user is transacting at least once a month. In case of loss or theft of phone, the customer needs to lodge an FIR within 24 hours at the local police station and report the same immediately to FreeCharge via e-mail or by calling customer care.

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