Smart Things to Know about Card Protection Plan

Wallet theft is most common in cities like Mumbai and Delhi followed by mobile phones. When you lose your wallet, you not only lose cash but also your credit cards and debit cards. Losing your wallet can become a considerable hassle, especially when you are on a trip. You can end being stranded without any source of money.

Hence, having yourself covered against such mishaps is one of the ways to stay protected. Availing a card protection plan can help you do the same. These policies from companies like Bajaj Finserv are gaining widespread popularity nowadays as it provides hassle-free solutions in case of loss of cards.

Card protection policies offer these simple solutions to all your problems:

This plan can be availed against a one-time premium of a nominal amount. Subscribers would enjoy all-round protection of their cards for an entire year.
In case of loss/misplacement of debit and credit cards, one toll-free call to the 24-hour helpline service would result in immediate blocking of the same.
An individual who has lost his/her card during travel will get cash advances and other forms of assistance to ensure safe travel to return to his/her home.
It protects against any fraud committed with your card. The financial institution would refund any loss of money in such cases.
Card protection plan also takes responsibility for your PAN card, covering costs involved in replacing of the same in case of loss.
In the case of card loss overseas, emergency assistance is provided free of charge within 48 hours of the report.

Before opting for this plan, make sure you go through various offers given by different financial institutions and choose the ideal for your needs. These wallet care insurance plans are beneficial to everybody as it reduces the stress a person has to go through in case of such an unfortunate event.

Read Also: All You Need to know About a Card Protection Plan in India

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