Our wallets and phones contain a lot of information which if placed in the wrong hands can wipe out our accounts and take over our identity too. It is thus highly essential that people understand this growing issue of identity theft which is gradually on the rise. Things have now reached a stage where it is now not enough to merely assure yourself with the thought that you take extra care of your belongings. What is needed is a card protection plan which helps in removing any possibility of your card getting misused and also provide you the required financial assistance when you are in distress.
Its Purpose
A Credit Card Protection Plan (CPP) kicks in when you find that you have misplaced your wallet and lost your cards, be it credit or debit. It also applies to your phone’s SIM card and PAN card. When you discover that you have lost your cards, you need to call up the insurance company providing CPP which bears the cost of replacing your PAN card and blocking your SIM card.
The service is applicable irrespective of whether you are in India or abroad. The cover also covers the expenses needed to get back home when travelling in a foreign country.
Benefits
- Card blocking
- Card replacement
- Card fraud protection
- PAN card replacement cover
- Phone blocking and IMEI registration
- Emergency cash and travel assistance
Read Also: Protect Your Cards with the CPP Card Protection Plan
