Policy For Online Transactions

Ever heard about policy for online transactions? If no let’s see what is this transaction all about. Due to increasing frauds during online transactions, National Payment Corporation of India (NPCI) has come up with an idea of insuring both domestic and international transactions. This policy mostly comes along with the credit and debit cards, which includes cover for transactions based on PIN in ATMs, e-commerce transactions, point of sale. It is insurer’s responsibility to provide an insurance of about 10 crore and 50,000 per card according to NPCI. Often the insurers do not inform the customers about this, but if something goes wrong with the transactions customers will be at risk.

Domestic Appliance Insurance Policy

Most of the domestic appliances have insurance covers hidden in them, which are not always disclosed to customers by the manufacturers. This coverage benefits you in case of any damage to your home appliances due to electrical or mechanical breakdown. Often these insurance covers come into light during festive seasons where manufactures advice the customers to buy it putting some extra charges for it. When consumers look at the rates they would think of buying such policies by their own instead of buying it with the products.

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