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Speaking about the partnership Sanjay Kaw, President - Commercial Business, HDFC ERGO General Insurance Company said, "This policy is applicable for Visa's Platinum cardholders and will provide security to Visa's partner banks. This in turn will give the card users peace of mind while performing any transaction. We are glad to have partnered with Visa to offer yet another first-of-its-kind cover to its consumers. According to RBI, fraudsters siphoned off Rs. 615.39 crore in more than 1.17 lakh cases of credit and debit card frauds over 10 years."
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