LIC launches credit card protection service

LIC credit card holders can now report loss any of their cards from anywhere in the world to a 24-hour helpline launched by LIC Cards Services.
"LIC Cards Services Ltd 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," the company said in a statement.
It said members will also be able to register their non-financial cards such as store cards, loyalty and membership cards.
Besides, customers will be able to retrieve important details on lost/stolen documents like passport, PAN and driving licence.
CPP said, meanwhile, that to avail of the new service, customers would need to purchase a membership plan offered by LIC and register their cards.
It said membership plans have two offerings with annual fee of Rs 995 and Rs 1,295. "The difference between the two is in the Assistance services limits and fraud protection limits provided to the consumer," it added. People can also opt for a joint membership plan.