Truecaller Fraud Insurance launched in India for iOS and Android users

Truecaller on Thursday announced an insurance protection plan to safeguard users from mobile fraud. The plan, called Truecaller Fraud Insurance, is being offered to paid subscribers of the app on both Android and iOS. The new plan is currently available only in India, and will be rolled out to other regions later. The caller ID platform has partnered with HDFC Ergo to offer insurance protection to users in India. Notably, the company last month introduced an Artificial Intelligence (AI) call scanner feature to prevent AI-based voice scams.

Truecaller Fraud Insurance

In a newsroom post, the company said, “Truecaller is today announcing the launch of Truecaller Fraud Insurance. The product will be offered to premium customers and will be initially launched for iOS and Android users in India.” Announcing the insurance product, it highlighted that it was introduced to protect Truecaller users from online frauds and scams.

Truecaller fraud protection is being offered in partnership with HDFC Ergo, an insurance company in India that is a joint venture of HDFC and ERGO International. Under this plan, users will be insured for a total amount of Rs 10,000. This fraud coverage is integrated within the app and users will be able to activate it after opting in. The company has not shared any details about the circumstances where the insurance can be claimed, or what proof users will have to share to get the amount covered.

However, this facility will not be available to everyone. Although the company stated that it is only for premium customers, this product will be offered only to annual subscribers. Those who are not eligible this way will be given the option to upgrade their plan to avail the benefit.

The company also said that subscribers of some plans will get Truecaller Fraud Insurance for free. Finally, Truecaller Family subscribers can choose to extend the protection to all members.