Cyber Insurance (Corporate + SME)
Cyber Insurance (Corporate + SME) is a cyber insurance product underwritten by ICICI Lombard General Insurance Company Limited (ICICI Bank Group (India)), available in India. It is aimed at small and medium-sized businesses, mid-market companies and large enterprises. Coverage limits reach up to Bespoke.. Policyholders get 1 bundled proactive service — Incident response — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of Not rated by AM Best.. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- ICICI Lombard: India's #1 private general insurer.
- Cyber insurance for businesses of all sizes; dedicated cyber incident response team.
- Coverage: data theft, cyber extortion, BI loss, ransomware, RC third-party (data breach, privacy violations), Digital Personal Data Protection Act (DPDPA) notification, legal costs.
- 2025 enhancement: expanded first- and third-party coverages for Indian mid-sized enterprises.
- Global coverage available for multinational Indian companies.
- Premiums from ₹10,000/yr; wide SME accessibility.
- India cyber market: USD $582M (2025), growing at 28.76% CAGR through 2034.
Limitations
- India domestic product (admitted; IRDAI-regulated).
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Insurance (Corporate + SME) designed for?
Cyber Insurance (Corporate + SME) by ICICI Lombard General Insurance Company Limited targets small and medium-sized businesses, mid-market companies and large enterprises in India. Geographic scope: Domestic only..
+What proactive security services are included with Cyber Insurance (Corporate + SME)?
The policy bundles 1 proactive service: Incident response. These preventive services are typically included in the premium.
+Does Cyber Insurance (Corporate + SME) help with NIS2 or DORA compliance?
ICICI Lombard General Insurance Company Limited indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Cyber Insurance (Corporate + SME) in India?
Cyber Insurance (Corporate + SME) is sold through insurance brokers — broker contact: https://www.icicilombard.com/. Compare it with alternatives in India on Ryskly before approaching a broker.