Have you activated your free complimentary Purchase Protection Plan for MasterCard?

If you are holding any MasterCard credit card issued in Malaysia, here is a good news to you.

MasterCard now offers their credit card holders a free complimentary Purchase Protection Plan (PPP), underwritten by Chartis Malaysia Insurance Berhad (CMI, formerly known as AIG General Insurance (M) Berhad).

This policy insures against loss or damage of your Personal Property / Items purchased (either locally or overseas) with your MasterCard credit card, in the event of Theft, Burglary, Robbery and Accidental Damage within 30 days from the date of items purchased.

The coverage is as follow.

Classic/Gold/Titanium/Premium/Platinum credit cards:

• Limit for Any One Occurrence: RM1,500
• Annual Aggregate Limit: RM7,500

WorldCard:

• Limit for Any One Occurrence: RM1,500
• Annual Aggregate Limit: RM10,000

All you need to do is to activate the plan by sending an SMS to 36660 (refer to their website or advertisement in newspaper for detailed instruction) or telephone to 1300-80-2988 within office hour. The plan is valid for 1 year from the policy effective date. No premium is payable as this plan gives you 12 months complimentary coverage.

This is the SMS I got after I sent my activation SMS to 36660.

Imagine that you are so unluckly to be robbed a few minutes after you bought a jewelry with your credit card; or you accidentally dropped a newly purchased camera / handphone / laptop. Now at least you can get the compensation from this Purchase Protection Plan. And since it is free, there is nothing to lose to activate it.

Click here for more information about the free Purchase Protection Plan for MasterCard.