In India, under cyber insurance for individuals, which of the following benefits are generally covered, in addition to payment for the loss of funds and other benefits?

  1. Cost of restoration of the computer system in case of malware disrupting access to one’s computer
  2. Cost of a new computer if some miscreant wilfully damages it, if proved so
  3. Cost of hiring a specialized consultant to minimize the loss in case of cyber extortion
  4. Cost of defence in the Court of Law if any third party files a suit

Select the correct answer using the code given below:

[UPSC Civil Services Exam – 2020 Prelims]

(a) 1, 2 and 4 only

(b) 1, 3 and 4 only

(c) 2 and 3 only

(d) 1, 2, 3 and 4


Answer: (b)        

Explanation:

  • Most of the cybersecurity policies not only offer a comprehensive cover against cyber risks and frauds but also pay for the legal costs and expenses. Hence statement 1 and 4 are correct.
  • It also covers the expenses incurred on counselling sessions with a psychologist due to any traumatic stress one may face as a result of cyber-bullying or harassment. Hence statement 3 is correct.
  • But the cost of a new computer if some miscreant wilful damages it, is not covered under insurance. Hence statement 2 is incorrect.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

Read More »

Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

Read More »

Useful Links

Download
Neyyar App

Left Menu Icon