Summary: A card protection plan helps you block multiple cards with a single call and replace lost PAN card for free. You also get mobile benefits and complimentary fraud protection.
In the digital era, plastic money in the form of cards (debit and credit) are the way of life. It’s not uncommon for individuals to carry multiple cards in their wallets. However, in an event of wallet loss or theft, the peril of card misuse looms large. A card protection plan relieves you of the stress of calling your card issuer(s) for blocking the cards in an event of a loss. Here are some of the essential aspects you need to know about these plans.
Services rendered by card protection plans
A card protection plan, sometimes known as card protection insurance, allows you to block all your cards at one go in case of a loss. When you opt for this plan, all your card details are with the service provider. You just need to call up your provider to report the loss of card(s). Your provider contacts the card issuing company on your behalf to block your card. Some of the other essential services rendered by these plans are:
– PAN card replacement
A PAN card is essential for availing banking and financial services such as opening an account and filing income tax returns. It also acts as an identity proof. In case you lose your PAN card, replacing it is a taxing procedure. However, new-age card protection plan such as Wallet Care from Bajaj Finserv offers free replacement of a lost PAN Card.
– Emergency travel assistance
Loss of wallet during travel can lead to a lot of stress. A credit card protection plan aids you in such a situation by providing cash advance for hotel stays and booking travel tickets. With Wallet Care from Bajaj Finserv, you can avail emergency cash benefits in India and abroad.
– Mobile benefits
Card protection plans also offer mobile benefits whereby you can avail SIM blocking and IMEI registration service. In case you lose your mobile phone, your service provider would help you in blocking your SIM card and tracking your phone through the IMEI number.
– Complimentary fraud protection
A card protection plan also offers you complimentary fraud protection in case your card is misused. For instance, Wallet Care offers coverage up to Rs.1 lakh against card fraud involving PIN-based fraud, phishing, and tele-phishing.
How to apply for a card protection plan?
Applying for a card protection plan is easy. There are several financial institutions which offer this plan. A card protection plan review would help you make the right choice. Once you’ve decided to opt for the plan, you can make an application online. The card protection plan amount depends on the features offered.
If you want to avail Wallet Care, you can apply online by providing a few basic details and paying the premium amount. You will then receive the Welcome Pack and the membership details in your registered email ID within 3 days.
You can also apply for it from the pre-approved offers section. Pre-approved offers make it easy to avail the product and finance on various loan offerings. All you need to do is to provide a few basic details to know your pre-approved offer.
The Value of Entrepreneurial Innovation to Convert Your Business Into a Brand
A common question that often pops up while starting a new business is:‘How much value will we place in turning this business into a brand?”If you are looking for ways to appeal to and reach out to several customers, then you need to find out the answer for thiscritical question.
The first step towards understanding the value of an entrepreneur to convert your business into a brand, is to understand the importance of branding. This process helps business owners to brand their products or services so that customers will remember them, and be attracted to buy from them again. Businesses have to be careful with this process, as it is often do-or-die in terms of retaining or losing their customers.
Branding takes time to accomplish because it requires a lot thought, effort and time from business owners. There are a few key elements to increase the value of converting your business into a brand. Leading entrepreneur Lewis Schenk has a unique strategy that is unseen in the current industry, which is integrating publication relations into branding and marketing strategies.
Who is Lewis Schenk?
Formerly an elite amateur/aspiring professional golfer, Lewis’s golfing dreams became more difficult when the covid-19 pandemic hit in January. With his plans put on hold without being able to play golf, he quickly pivoted with the help of one of his mentors. “I moved super quick when I knew the pandemic was about to hit. My plans got put on hold but I was fast to adapt” Lewis explains. Having journalism experience with projects he did in college in the USA, Lewis used his network to build his own agency, Boost Media Agency. Since then, he’s served over 150 clients, helping themto get featured in leading digital publications and become the most, known, liked & trusted in their industries.
Integrating PR & Branding
As a business owner, it is your job to ensure that you stand out in the market.You have to ensure that you will not waste precious advertising money in the start-up phases, by buildinga brand that has a high value to your audience – meaning more money and profits in the future. “As business owners, we cannot just jump into this process. It requires a lot of time, effort, guidance and money for this to be successful, and we have to be sure of our strategy before starting this process” Lewis explains. This is where Lewis shines, as he specializes in coming up with unique public relations strategies and ideas to ensure maximum growth for his clients.
A new business is a risky investment. There are many risks involved in setting up and running a new business, and one of these risks is the loss of your customers and losing your market value. A lack of strategy and experience is the new entrepreneur’s biggest downfall, as they spend all their money on pointless hacks and courses. Investing in public relations is the best form of advertising, as for one, its permanent. Rather than spend $200 on advertising that will run out on a week, spending $200 on a published article to a leading news site will yield results long term, as it remains permanently, meaning increased chances of more eyeballs seeing it over time. As a business owner, you must learn all you can about this process or consult with someone like Lewis who does, so that you know the value public relations to convert your business into a brand. With this knowledge and understanding, you can control your strategy, your business and your success.
Also,as business owners, we must use a strategic approach in our decision making. This strategic plan will help you to overlook the strengths and weaknesses of your business and how they can be turned around.A strategic approach also involves finding out what the strengths and weaknesses of your business are and implementing the appropriate changes to make your business more profitable. Evaluating your current business model to identify the strengths and weaknesses of it, can greatly improvethe company by making some tweaks and adjustments.
Ensuring that we don’t invest money and time in the wrong areas of our business, by shifting the focus towards branding and public relations in marketing strategies, will ensure far greater business success.A business without publicity has no potential for expansion. If you have no courage and time to take these steps for your own business, then you realize the value of hiring a professional entrepreneur such as Lewis Schenk, to convert your business into a brand.