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Cyber Insurance Policy Sales Can Jump 30% After Personal Data Protection Bill
September 24, 2018
According to a new media report, once the Personal Data Protection Bill is implemented in India, the sale of cyber insurance policies can increase by as much as 30%. These policies have already grown 25% in the past 4 years, a report by Global Insurance Brokers says.
The draft bill was issued in July this year containing the recommendations of Justice Srikrishna Committee which covered the right to privacy and personal data of Indian citizens.
Senior Vice President of Global Insurance Brokers, Manoj Kumar said that although the bill will take its time before developing into an Act, it surely shows the intent of the government with respect to privacy in India.
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