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To Prevent Financial Frauds, Bajaj Finserv to Launch Wallet Care Service

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Considering growing incidents of financial frauds in India as well as across the world, Bajaj Finserv offers Wallet Care, which will help customers block their credit cards and debit cards with a single phone call without any hassles. The card protection plan gives coverage upto Rs 2 lakh at just Rs 599. Emergency travel and hotel assistance and as well as get free replacement of important identity proofs like your PAN card are also possible through it.

Wallet Care offers instant card blocking facilities. People can report a loss 24X7 from anywhere in the world by dialling the helpline number. Once a call is made to report damage, fraud, or loss, all your cards will be blocked at once. Along with carrying out your credit and ATM card block, you can ask for replacement of your lost PAN card too.

Although, this kind of protection is much needed but Indian market is relatively immature as compared to western markets. THis is mainly because of the fact that in developed countries credit card usage have become very common social practice and its been happening for over four decades, whereas, in India, credit card penetration is still low and users are relatively new on the usage of plastic money. But having our government’s contemporary focus on digital payments this service would definitely add value in the pockets. Pocket Insurance ensures that small losses in life do not keep adding up to make a big dent in wallet.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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