Paytm has introduced its newest providing – Paytm Defend. It is a group insurance coverage plan that provides a security internet towards fraudulent transactions. The plan prices ₹30 every year.
Paytm introduced a model new function referred to as Paytm Fee Defend, designed to safe on-line transactions in India. The function is principally a bunch insurance coverage plan that lets you insure the transactions which were made by way of your pockets or through UPI. This plan has been designed and supplied in partnership with HDFC ERGO Common Insurance coverage.
The insurance coverage plan prices a mere ₹30 every year and lets customers safe transactions as much as ₹10,000 towards fraud. Whereas that is simply the primary providing, it’s believed that the corporate is all set to assist customers declare insurance coverage for high-value transactions of as much as ₹1,00,000 per yr.
Paytm Fee Defend protects you from fraud
In line with the corporate, the function is a “first-of-its-kind providing, this product is aimed to additional improve the trusted digital funds expertise and enhance the adoption of the identical within the nation.”
Talking in regards to the new providing, Bhavesh Gupta, CEO of Lending and Head of Funds at Paytm, mentioned “We’re providing an insurance coverage cowl with handy claims with a imaginative and prescient to safeguard customers and battle cybercrimes. Our partnership with HDFC ERGO is aligned with our mission of spreading monetary consciousness and propelling safer digital funds adoption within the nation,”
This function was introduced on the heels of Paytm’s earlier announcement about UPI interoperability.
Learn how to use Paytm Fee Defend?
To make use of Paytm Defend, you should:
- Obtain the Paytm app
- Navigate to ‘Fee Defend’
- Enter your title and cell quantity.
- Choose the ‘Proceed to Pay’ possibility
- Buy the insurance coverage
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