Online frauds and fraudulent transactions are rampant these days. To protect your wallet from online frauds like phishing, unauthorized transactions done by ATM cloning, skimming, etc. Bajaj Finserv has launched a CPP i.e. Card Protection Plan in India. The important features of this plan are discussed below:
- Comprehensive coverage
The CPP in India insures coverage up to Rs. 2,00,000 if you become a victim of any kind of online fraud. It includes a wide range of fraudulent activities such as ATM frauds, tele-phishing, pin-based scams, etc.
Also, complimentary fraud protection of up to Rs. 25,000 is provided for transactions made with or without your payment cards.
- Cover for multiple cards
You can include as many cards as you want under this plan. This means that you don’t need multiple card protection plans to protect your various payment cards.
- Emergency cover
A cover of up to Rs. 1,00,000 is provided if you get stranded during a foreign trip and up to Rs. 50,000 is provided if you get stranded during a domestic trip. Also, an emergency cash service of up to Rs. 10,000 is provided for the trips within the country. You can use the emergency cover to pay your hotel bills, food expenses, ticket fares, etc.
The additional benefits of this plan include free replacement of lost PAN Card, card blocking service that lets you block multiple credit/debit cards at once if they are lost/stolen, and emergency SIM blocking and IMEI registration services.
Read More: Ensure Your Wallet Safety With A CPP In India
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