mumbai foreign lender standard chartered bank has joined hands with general insurer tata aig to launch plus extended protection plan which would provide lost card insurance to the banks customers the insurance will reimburse any fradulent transaction occurred on the lost card upto 12 hours prior to the customer reporting the loss to the bank stanchart said in a press release issued here today we receive several lost card reports in a month the product will ensure protection to our valued customers against any fradulent use stancharts general manager credit cards and personal loans r l prasad said in a statement in the event of fraudulence customers will receive reimbursement upto rs 50000 per occurrence who can register any payment card for the cover the bank said the plan also covers atm assault and robbery insurance lost wallet protection purchase protection and home protection while away the bank said stanchart has 90 branches in 33 cities in the country and has a combined customerbase of around 21 lakh