Axis Bank cardholders to get theft protection


Mumbai: There is some good news to all Axis Bank cardholders, as now they can make use of a protection plan in the event of card theft or loss. Under this new initiative the bank has joined hands with life assistance firm CPP, which will provide the CPP Card Protection Plan product to the bank's customers. All type of plastic cards - credit, debit and non-financial cards like retail, loyalty and membership cards - can be protected under this plan against of loss, theft and other such events, which may result in illegal transactions by using the card, reports PTI. Manju Srivatsa, President of Retail Banking at Axis Bank said, "We believe that making available products such as Card Protection will help further strengthen our relationship with our vast base of customers located across the length and breadth of the country." The CPP Group is a major player in the assistance services market. Currently, it has around 11 million customers, 200 business partners and 2000 employees with its presence spread across Europe, America and Asia.