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Thread: Credit Card Insurance

  1. #1
    PolicyWala Fan
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    Mar 2009
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    Gurgaon
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    Question Credit Card Insurance

    Today with the credit card statement, I have recieved a pemplet on Credit Card Insurance from ICICI Lombard. The policy is named as Protection Plus Insurance. It covers -
    1- Lost card Liability
    2- Credit Shield
    3- Purchase Protection
    4- Personal Accident


    Anybody has any idea on the insurance and is it worth to buy.



  2. #2
    Moderator CONFUSED's Avatar
    Join Date
    Apr 2009
    Location
    Mumbai
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    Default

    Quote Originally Posted by CopyCat View Post
    Today with the credit card statement, I have recieved a pemplet on Credit Card Insurance from ICICI Lombard. The policy is named as Protection Plus Insurance. It covers -
    1- Lost card Liability
    2- Credit Shield
    3- Purchase Protection
    4- Personal Accident

    Anybody has any idea on the insurance and is it worth to buy.
    Please read in the fine prints, normally it covers after you have informed the card company. I have read TATA-AIGs policy on similar terms, but I have not bought that due the above reason.
    Rules/Guidelines at PolicyWala | Help Old People |
    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.

  3. #3
    Moderator Expert's Avatar
    Join Date
    Feb 2009
    Location
    New Delhi
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    Default

    Copycat its not a good policy. Please avoid this policy.
    * SAFE
    Self Appointed Financial Expert


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