LIC unveils credit card protection service


LIC unveils credit card protection service
New Delhi: To help its credit card customers, Life Insurance Corporation (LIC) has launched 24-hour helpline credit card protection service, where customers can report loss from anywhere in the world. Talking to Economic Times, LIC official said, "LIC Cards Services has launched Card Protection Plan for its credit card customers in partnership with CPP Assistance Services, and it safeguards all of the LIC cardholder's payment cards - credit, debit and ATM cards." Apart from that customers will also be able to retrieve important details on lost/stolen documents like passport, PAN and driving licence. To avail the new service, customers would need to purchase a membership plan offered by LIC and register their cards. Currently, the company offers has two offerings with annual fee of 995 and 1,295. According to the company, the difference between the two is in the Assistance services limits and fraud protection limits provided to the consumer.