npavan78
23-06-2008, 08:35 AM
Standard Chartered Bank has launched the ‘Plus Extended Protection Plan’ in association with Tata AIG General Insurance. The product will provide credit and debit card customers “lost card” insurance for the period prior to reporting the loss. The insurance cover will reimburse (up to Rs 50,000 per occurrence) any fraudulent transaction occurred on the lost card up to 12 hours prior to the customer reporting the loss to the bank. Any payment card, d ebit or credit can be registered for this cover.