Individuals who are having multiple credit cards and debit cards and who are frequent travellers where the chances of misplacing the card or chances of getting stolen is high must consider having card protection plan for their cards.
In this plan one can also safegaurd other major documents in case of loss, theft or fraud along with debit and credit cards.
There are three types of plan Classic single plan, Premium joint plan, Platinum family plan.
1) One free call to block all lost cards
One can block all your cards by making a single call. The helpline is available for 24 hour and will ensure that all your lost cards are blocked. The company will call all your issuers and notify them to cancel the cards you reported as lost.
2) Emergency travel and hotel assistance
The plan will help you facilitate payment of your hotel bill anywhere in the world in case of loss, so that your trip continues and you live worry free.
3) Emergency cash advance
even if your cash is lost or stolen along with your cards, we will facilitate an emergency cash advance of up to Rs 20,000 per membership only (within India only, valid with Premium and Platinum memberships only) and upto Rs. 5,000 only. Note that the emergency assistance is advanced interest free and is to be re-paid within 28 day.
4) Free replacement of lost PAN Card
It is necessary to carry PAN Cards as it serves as important KYC document. They are often lost with the wallet. The card protection plan will help replace your lost PAN card free of cost.
5) Lost mobile phone reporting
The plan will help with the notifications to block your lost SIM card, if your mobile phone is lost.
The card protection plan will also help to retain your mobile phone identifier (IMEI) number, which will be held safe.
6) Complimentary fraud protection
This benefit ensures that you are covered from any fraud that may take place on your cards due to loss/theft, skimming, counterfeiting, online usage, phishing and PIN based fraud. Your protection begins 15 days prior to your loss report for an amount up to Rs. 3,00,000 without any limit per card.