India-based real estate marketplace Housing.com has launched an insurance plan called Cyber Protect in partnership with Toronto-headquartered insurtech company Boxx. Housing.com is a subsidiary of REA Group.

According to a news release, Cyber Protect will insure Housing.com customers against online fraud and add a layer of cybersecurity for INR199 ($2.40 U.S.) per month.

In addition to Boxx, India-based Bajaj Allianz General Insurance is also involved in the offering.

Sangeet Aggarwal, head of product and design at Housing.com, said: “With this collaboration, we’re pioneering digital security for Indian homebuyers. Our ‘Cyber Protect’ plan empowers customers to secure their digital transactions and dream homes with ease and confidence. This is crucial in light of the alarming 500 million cyber-attack attempts in India during Q1 2023. As we simplify the home-buying journey and prioritize consumer well-being, enhanced cyber protection is paramount.”

“We are incredibly proud to join forces with Housing.com, empowering their vast user base with unrivaled cyber protection. This seamless amalgamation enables customers to embrace our comprehensive plan, fortifying their digital lives as they embark on the exciting journey of moving into their new homes,” noted Vishal Kundi, CEO of Boxx.

This is just the latest step in Housing.com’s efforts to enhance its financial offerings. In October last year, it partnered with insurtech company Riskcovry to launch Rent Protect Cover for tenants and property owners. Last month, Housing.com began to offer personal loans on its Edge website in partnership with FinBox, a provider of digital credit infrastructure and risk intelligence services.

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