Card Protection Plan safeguards you against financial losses incurred due to loss of payment cards
Apart from debit and credit cards, you can enjoy assistance for PAN card replacement as well
Block all cards with a single phone call in case of loss or theft
Loss of a credit card requires immediate attention as it remains vulnerable to financial frauds. Lenders thus bring credit card protection plan (CPP), a scheme that provides all-round protection against card loss. Check out a detailed overview of what the plan brings.
Card protection plan or CPP is an insurance scheme that provides coverage against financial losses incurred due to card loss. Cardholders can avail the plan against nominal yearly premium. The insurer also provides coverage for other cards and important documents like debit card, PAN card, etc. under this plan. Protect your cards against the risk of loss, fraud and damages.
Other features include the likes of blocking your card with a phone call, emergency assistance during travel, and more.
Now, when you know what is CPP, take a detailed look at all the features it brings.
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A credit card protection plan comes with the following features and benefits.
Call the credit card protector to block all cards if you lose your wallet carrying multiple cards. It spares you the hassle of calling different card issuers for each card lost or stolen.
Enjoy free replacement of your lost card under CPP. The insurer also facilitates fraud protection for PAN card through immediate replacement along with registration for valuable documents.
Avail credit card protection against the payment of a one-time, yearly premium, thus ensuring economy.
Enjoy protection against the loss of all cards with a single premium payment.
The plan also provides complimentary coverage against fraud, extending to tele-phishing, phishing, PIN-based fraud, etc. The coverage amount differs with the insurer.
Enjoy emergency cash assistance while travelling. Use the cash to settle unpaid bills of hotels, book tickets, etc. The coverage is available for the loss during trips in India or abroad.
Complete the following steps to apply for your card protection plan.