Can You Tell Us About The "Card Protection Plan"?

Card Protection Plan is your safety shield in case you lose your wallet or your debit/credit cards. The reason being that a card protection plan covers for your immediate needs, financial needs, and even card re-procurement needs in case you lose your wallet. You will get immediate assistance in getting all your debit and credit cards blocked along with SIM blocking assistance if needed. In today’s digitized world we carry less cash and are more dependent on credit/debit cards.

Several people own around 4-5 credit/debit cards and getting these blocked all at the same time can be difficult for an individual especially when you have just found out about your lost wallet/cards. But if you have a card protection plan, all you have to do is call your insurance provider and ask them to get your card blocked. The assistance is immediate and just a call away.

The plan also covers for any financial losses/losses due to misuse of cards after they have been stolen, and the loss is reimbursed by the insurer. Additionally, in case you lose your PAN, Aadhar card or any other important documents, the processing for getting those reissued will also be initiated by the insurer.

There is another added advantage i.e., emergency expense coverage to help you reach a safe location. So, if you are travelling, and your wallet is lost or stolen, the insurer will provide you with emergency funds so that you can reach your hotel or any other safe location. In case you are looking for a card protection plan with all of these benefits, you must go for the Wallet Protection Plan by Bajaj Finserv which can be availed at very affordable premium.

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