LIC Cards launches emergency `card protection plan'

LIC Cards Services Limited today announced the launch of a `Card Protection Plan' for its credit card customers, which would help them block all their lost or stolen cards on a single call to CPP's 24-hour helpline from anywhere in the world.

The CPP service, launched in partnership with CPP Assistance Services Pvt Ltd, is India's first comprehensive card protection service, LIC said in a release.

Card Protection Plan is unique because customers have the benefit of calling CPP's helpline from anywhere in the world and report their cards as lost. This one call will ensure CPP notifies all cards as lost, without the customer having to call individual issuers, the release said.

CPP membership safeguards all of the LIC cardholder's payment cards - credit, debit and ATM cards. Members also have the facility to register non-financial cards such as store cards, loyalty and membership cards.

In addition, CCP also holds safe other valuable documents such as passport, PAN, driving licence etc for retrieval and reminder services as and when a customer may require them.

Additionally, the CPP member is provided worldwide cover on fraudulent usage of their lost or stolen cards. This cover starts from 7 days before they report card loss and stretches to any period after the loss is reported to CPP.