FREECHARGE INTRODUCES INSURANCE POLICY FOR MOBILE WALLET USERS

  • FreeCharge has launched an e-wallet protection plan for both its consumers and merchants.
  • It has been launched in partnership with Reliance General Insurance
  • It isto be offered free of cost to all FreeCharge users.
  • The underlying wallet balance of all the customers will be insured up to a limit of Rs 20,000 as long as the user is transacting at least once a month under this insurance.
  • The customer needs to file a FIR within 24 hours at the local police station and report the same immediately to FreeCharge via e-mail or by calling customer care in case of a phone loss or theft.
  • With the consumer perception of wallet safety, FreeCharge will drive both adoption and retention of their customers and hence they are offering this plan free of cost.
Source : http://bit.ly/2iadUkD