POSTED BY May 30, 2010 COMMENTS (27)ON
Last night I was having dinner with my friends and suddenly on of the friend realized that he has lost his wallet. The problem was not the cash in the wallet, or the cards. It was the misuse of the card and contacting card issuers to block the cards as soon as possible .
Have you found yourself in similar situation ever or have you lost your wallet which had many debit and credit card along with other important documents. Do you want solution for this problem ?
Here is the solution.
There is nothing like the shock of losing your wallet or purse with all the money and your Credit or Debit cards in it as these cards plays a significant role in our lives.
If someone steals it by purpose or if you lost it and it goes in a wrong hand then there is a risk that the person may misuse your cards. To avoid this CPP is one of the good options.
CPP Card Protection is India’s first comprehensive Card Protection service for use in the event of card loss, theft and related fraud.
If you lose your wallet or your handbag, simply make one free call to CPP. They will quickly notify the issuers of your cards to cancel your cards immediately, also they will provide emergency travel and hotel assistance to take care of you and help you get back home.
CPP Assistance Services is the part of CPP group which has already started services in other asian countries like Hong Kong, Singapore and Malaysia.
As per a report by Medianama, in January 2017 there are 28.8 Million credit cards and 818 Million debit cards in India
Every wallet on an average now a days contain one debit and credit card in cities . CPP has tied up with leading banks including Citibank, Standard Chartered, HSBC and Kotak Mahindra , Axis Bank , LIC and ICICI Bank to sell the CPP services. Read 5 tips for effectively using your Credit Card .
You can watch this video to know how CPP helps you..
They have three main plans and each plan have difference in the benefits they are providing. The plans are as follows:
Besides membership they have differences in other benefits which they are providing and also their premium charges.
The membership plan is different as per the insurance companies or the banks from whom you are getting the CPP. The facilities provided by insurance companies are almost same.
You can pay the premium by master or visa card and the amount will be deducted from your account at the beginning of every year until you close for the plan.
There is a limit for ever benefit like Rs 1.5 Lac for Hotel Assistance and traveling and Rs.20,000 Cash in India only.
Applying for the CPP service is a very simple procedure. Just follow the steps:
Incase you are using debit and credit cards heavily and carry bigger account balance than few thousands , It might make sense for you to protect your cards using their services .
It’s all about if you want to take risk or loss and fraud or not . The cost associated is not huge and can be considered, however I feel that card companies should have CPP built in with the card itself .
If you are paying for something then it’s your responsibility to check for every detail about that particular plan. Here are some important points you should check related to CPP:
Comments , Put your views on CPP and does it appeal you ? Do you think it will work with Indian Mindset ?