India’s digital transformation has reached unprecedented levels in 2026, with businesses across all sectors embracing cloud computing, digital payments, and online operations at scale. However, this rapid digitalization has also exposed organizations to sophisticated cyber threats. The Indian cyber insurance market reached approximately USD 582.2 million in 2024, and industry projections suggest the market could surpass USD 100 million in premiums by 2026, growing at a CAGR of 25-30%.
With data breaches in India costing an average of ₹19.5 crore in 2024, cyber insurance has evolved from a luxury to a necessity for Indian businesses. The implementation of the Digital Personal Data Protection Act 2023 has further accelerated adoption, as organizations seek to mitigate financial risks from non-compliance and data breaches. This comprehensive guide examines the ten leading cyber insurance providers in India for 2026, helping businesses make informed decisions about protecting their digital assets.
1. HDFC ERGO General Insurance
HDFC ERGO stands as one of India’s premier cyber insurance providers, renowned for comprehensive protection addressing both financial stability and brand reputation concerns. The company’s Cyber Sachet Insurance product offers flexible coverage starting at just ₹2 per day, making enterprise-grade protection accessible to businesses of all sizes.
The insurer’s policy covers a wide array of cyber risks, from identity theft and malware attacks to sophisticated data breaches. HDFC ERGO covers legal claims arising from exposed business data, costs of restoring lost or damaged data, and PR expenses to rebuild image after cyber incidents. Their comprehensive approach includes legal expense coverage for lawsuits or regulatory actions stemming from cyber incidents.
HDFC ERGO distinguishes itself through customizable coverage options, allowing businesses to select sum insured amounts ranging from ₹10,000 to ₹5 crore based on specific needs. The company offers both per-section coverage with separate limits for each protection area and floater options with a single limit across all selected sections. Businesses selecting multiple covers benefit from attractive discounts, making comprehensive protection more affordable.
2. ICICI Lombard General Insurance
As the largest private-sector general insurance company in India, ICICI Lombard brings substantial financial strength and market expertise to cyber insurance. The company offers robust cyber insurance policies designed to safeguard commercial enterprises against first and third-party liabilities from cyber exposures associated with e-business, internet operations, networks, and information assets.
ICICI Lombard collaborates with platforms like Mitigata to provide comprehensive coverage and faster claim service, ensuring businesses receive timely support during cyber incidents. Their policy addresses privacy notification expenses, crisis management costs, and third-party liabilities arising from data breaches. The coverage extends to e-vandalism losses caused by employees and includes defense costs for claims from government agencies and regulatory organizations.
ICICI Lombard’s cyber insurance stands out for its comprehensive approach to employee-related incidents, providing coverage without excluding fraudulent or malicious acts by staff members. This inclusive approach recognizes the reality that many cyber incidents involve human error or insider threats. The company’s extensive branch network of over 312 branches and 840 virtual offices ensures accessible service across India.
3. Bajaj Allianz General Insurance
Bajaj Allianz became the first Indian insurer to offer cyber insurance, demonstrating early recognition of emerging digital risks. The company’s Individual Cyber Safe Insurance Policy provides optimum protection against cyber threats ranging from financial fraud to identity theft, cyberbullying, and online harassment.
The insurer’s business-focused policies protect against financial losses from illegal access, phishing, and hacking events. Coverage includes compensation for operational suspensions due to cyber incidents, protection from ransomware and extortion attempts, and costs associated with alerting affected users and meeting data protection regulations. Bajaj Allianz focuses on financial security, reputation management, and legal support for both individuals and professionals.
Bajaj Allianz’s cyber insurance extends to family members, allowing policyholders to include spouses and dependent children under a single policy. This comprehensive approach to personal cyber protection sets them apart in the individual insurance segment. The company provides reimbursement for legal fees, psychological counselling expenses, and various digital threat scenarios, making it particularly suitable for high-net-worth individuals and professionals with significant digital footprints.
4. TATA AIG General Insurance
TATA AIG provides comprehensive cyber insurance suitable for businesses of all sizes, offering protection that covers both financial loss and operational disruption. Their policy covers costs for notifying affected customers, restoring compromised data, compensating for revenue loss during business disruptions, and protecting against ransomware attacks.
The insurer’s approach emphasizes all-around protection against modern cyber risks, recognizing that cyber incidents impact multiple aspects of business operations simultaneously. Coverage includes expenses related to cybercriminal activities such as hacking and fraud, with specific provisions for ransomware attack recovery and negotiation costs. TATA AIG’s policies help businesses maintain continuity during and after cyber incidents, ensuring minimal disruption to operations.
TATA AIG’s strength lies in its balanced approach to coverage, addressing immediate incident response needs while also supporting longer-term recovery and reputation management. The company’s expertise in risk assessment helps businesses understand their vulnerabilities and select appropriate coverage levels, ensuring adequate protection without unnecessary expense.
5. SBI General Insurance
SBI General Insurance offers Cyber VaultEdge, a policy designed to provide extensive protection against a wide range of cyber risks including data breaches and cyber extortion. The policy is tailored to meet unique needs, offering protection against cyber risks with provisions to extend coverage to family members.
The insurer’s comprehensive approach covers legal costs and expenses for pursuing or defending legal action, reimbursement for IT specialist services and data restoration expenses, psychological consultation expenses for traumatic stress, and loss of wage resulting from identity theft. SBI General’s policy features no deductibles, ensuring policyholders receive full coverage benefits without initial out-of-pocket expenses.
SBI General Insurance leverages its strong banking network and government backing to provide reliable, trustworthy cyber insurance solutions. The one-year policy tenure with straightforward renewal options makes it easy for businesses and individuals to maintain continuous protection. The company’s emphasis on holistic coverage, including mental health support and wage loss protection, demonstrates understanding of the full impact cyber incidents can have on individuals and families.
6. The New India Assurance Company
The New India Assurance is the largest nationalized general insurance company in India and offers cyber insurance coverage through its myCyber Insurance product. The company’s extensive experience in the insurance sector, combined with its government backing, provides additional security for policyholders.
New India Assurance’s cyber insurance covers theft of funds due to unauthorized transactions, provided incidents are reported within 48 hours to the bank and insurer. Coverage extends to unauthorized access, malicious acts, malware phishing and spoofing incidents. The policy requires prompt reporting of incidents, emphasizing the importance of immediate response to minimize losses.
With operations in 28 countries and decades of insurance expertise, New India Assurance brings global perspective to cyber risk management. The company maintains a solvency ratio of 187%, well above the IRDAI-mandated 150%, demonstrating strong financial stability and ability to honor claims. Their extensive branch network ensures accessible service across urban and rural India.
7. Reliance General Insurance
Reliance General Insurance participates actively in India’s cyber insurance market, offering policies designed to protect businesses from evolving digital threats. As part of the Reliance Group’s diversified business portfolio, the company brings substantial resources and technological expertise to cyber risk management.
Reliance General provides comprehensive cyber insurance solutions addressing data breach liabilities, network security failures, and business interruption scenarios. The company’s policies cover both first-party losses directly affecting the business and third-party liabilities arising from cyber incidents affecting customers or partners. Their focus on innovation and customer service aligns with the needs of India’s rapidly digitizing economy.
The insurer’s strong financial backing and commitment to technological advancement position it well to understand and address emerging cyber threats. Reliance General’s policies typically include incident response support, helping businesses navigate the complex aftermath of cyber attacks with expert guidance.
8. Future Generali India Insurance
Future Generali India Insurance offers cyber insurance solutions tailored for modern businesses facing sophisticated digital threats. The company’s approach emphasizes comprehensive risk coverage combined with proactive risk management support, helping businesses strengthen their cybersecurity posture while maintaining robust insurance protection.
Future Generali’s cyber policies typically cover data breach response costs, cyber extortion and ransomware incidents, business interruption losses, and legal defense expenses. The insurer recognizes that effective cyber protection requires both insurance coverage and preventive measures, often providing risk assessment services alongside traditional policy offerings.
The company’s focus on innovation and customer education helps policyholders understand their cyber risk exposure and take appropriate protective measures. Future Generali’s policies are designed to be accessible to businesses across various sectors, from startups to established enterprises.
9. Go Digit General Insurance
Go Digit General Insurance represents the new generation of digital-first insurers in India, bringing technological innovation to traditional insurance products. The company’s cyber insurance offerings leverage advanced analytics and streamlined digital processes to provide quick policy issuance and efficient claim settlement.
Digit’s approach emphasizes user-friendly digital experiences, allowing businesses to assess their cyber risk, obtain quotes, and purchase policies entirely online. Their cyber insurance products cover standard risks including data breaches, ransomware, and business interruption, with pricing models that reflect individual business risk profiles rather than broad industry averages.
The insurer’s technology-driven approach appeals particularly to tech-savvy businesses and startups that value speed and convenience in insurance transactions. Digit’s mobile-first strategy ensures businesses can manage their policies, file claims, and access support through intuitive digital interfaces.
10. Oriental Insurance Company
The Oriental Insurance Company, another major public sector insurer, provides cyber insurance coverage as part of its comprehensive general insurance portfolio. With decades of experience in the Indian insurance market and government backing, Oriental Insurance offers reliable cyber protection with emphasis on traditional service values.
Oriental Insurance’s cyber policies cover various digital risks including unauthorized access, data theft, and cyber fraud incidents. The company’s extensive branch network and established claim settlement processes provide reassurance to businesses seeking tried-and-tested insurance partners. Their policies typically include coverage for legal expenses, data restoration costs, and business interruption losses.
The insurer’s strength lies in its combination of traditional insurance expertise and adaptation to modern cyber risks. Oriental Insurance serves diverse customer segments from individual professionals to large corporations, with policies customizable to specific industry requirements and risk profiles.
Key Factors Influencing Cyber Insurance Selection
When choosing a cyber insurance provider in 2026, businesses should evaluate several critical factors. Coverage comprehensiveness determines how well the policy addresses various cyber risk scenarios from data breaches to ransomware attacks. Claim settlement ratio and processing time indicate the insurer’s reliability in honoring commitments and providing timely support during crises.
Financial strength and solvency ratio reflect the insurer’s ability to pay claims even during widespread cyber incidents affecting multiple policyholders simultaneously. Premium competitiveness balanced against coverage quality ensures businesses receive value without compromising protection. Additional services such as risk assessment, incident response support, and cybersecurity training can significantly enhance the value proposition.
Industry expertise and understanding of sector-specific risks help insurers design appropriate coverage for businesses in specialized fields like healthcare, finance, or e-commerce. Customer service quality, including claim support and policy guidance, becomes crucial during stressful post-incident periods. Digital capabilities for policy management, claim filing, and communication align with modern business expectations.
The Growing Importance of Cyber Insurance
India ranks among the top countries targeted by cyberattacks, witnessing sharp rises in phishing, ransomware, identity theft, and data breach incidents. The Digital Personal Data Protection Act 2023 has created additional compliance requirements, making cyber insurance increasingly important for managing regulatory risks alongside operational threats.
The insurance market has evolved beyond simple coverage to include comprehensive risk management support. Many insurers now offer pre-breach services including vulnerability assessments, employee training, and incident response planning. This holistic approach helps businesses reduce their risk exposure while maintaining robust financial protection against inevitable incidents.
Premiums and coverage terms continue to evolve as insurers gain more data about cyber risk patterns in the Indian market. Businesses implementing strong cybersecurity measures, conducting regular security audits, and training employees on cyber hygiene often qualify for reduced premiums, creating incentives for proactive risk management.
Conclusion
The cyber insurance landscape in India has matured significantly by 2026, with established providers offering sophisticated products addressing the complex digital risks facing modern businesses. The ten insurers detailed in this guide represent the market leaders, each bringing unique strengths to cyber risk protection.
HDFC ERGO, ICICI Lombard, and Bajaj Allianz lead the private sector with innovative products and comprehensive coverage options. SBI General Insurance and public sector giants like New India Assurance and Oriental Insurance provide government-backed reliability and extensive service networks. Newer entrants like Go Digit bring technological innovation and digital-first approaches appealing to tech-savvy businesses.
As cyber threats continue to evolve in sophistication and impact, having appropriate insurance coverage has become essential for business continuity and financial security. Organizations should carefully evaluate their specific risk profiles, assess coverage needs across first-party and third-party scenarios, and select insurers offering not just financial protection but comprehensive support including incident response, legal guidance, and risk management services.
The Indian cyber insurance market’s projected growth reflects increasing awareness of digital risks and the critical role insurance plays in comprehensive cybersecurity strategies. Businesses investing in cyber insurance today position themselves to navigate future digital challenges with confidence, knowing they have financial protection and expert support when cyber incidents occur.
Selecting the right cyber insurance provider requires balancing multiple factors including coverage comprehensiveness, premium competitiveness, claim settlement reliability, and value-added services. The providers outlined in this guide have demonstrated commitment to the Indian market, financial stability, and innovation in addressing evolving cyber risks, making them worthy of consideration for businesses seeking robust digital protection in 2026 and beyond.
