StanChart in pact with Tata AIG for Extended Protection Plan
Foreign lender, Standard Chartered Bank has joined hands with general insurer, Tata AIG, to launch Plus Extended Protection Plan, which would provide lost card insurance to the bank's customers.
By PTI |
MUMBAI: Foreign lender, Standard Chartered Bank has joined hands with general insurer, Tata AIG, to launch Plus Extended Protection Plan, which would provide lost card insurance to the bank's customers.
The insurance will reimburse any fradulent transaction occurred on the lost card upto 12 hours prior to the customer reporting the loss to the bank, StanChart said in a press release issued here today.
"We receive several lost card reports in a month. The product will ensure protection to our valued customers against any fradulent use," StanChart's General Manager, Credit Cards and Personal loans, R L Prasad, said in a statement.
In the event of fraudulence, customers will receive reimbursement upto Rs 50,000 per occurrence, who can register any payment card for the cover, the bank said.
The plan also covers ATM assault and robbery insurance, lost wallet protection, purchase protection and home protection while away, the bank said.
StanChart has 90 branches in 33 cities in the country and has a combined customer-base of around 21 lakh.
The insurance will reimburse any fradulent transaction occurred on the lost card upto 12 hours prior to the customer reporting the loss to the bank, StanChart said in a press release issued here today.
"We receive several lost card reports in a month. The product will ensure protection to our valued customers against any fradulent use," StanChart's General Manager, Credit Cards and Personal loans, R L Prasad, said in a statement.
In the event of fraudulence, customers will receive reimbursement upto Rs 50,000 per occurrence, who can register any payment card for the cover, the bank said.
The plan also covers ATM assault and robbery insurance, lost wallet protection, purchase protection and home protection while away, the bank said.
StanChart has 90 branches in 33 cities in the country and has a combined customer-base of around 21 lakh.
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