I dont feel that it is a good plan. Now, no one can use our card without having pin number. Card Protection plan if ICICI is not that much good and bit expensive too like Rs 1200 or Rs 1600 annually. They will try to attract you towards the plan and will offer you some good deals, but doesnt worth enough.
They will say that they will help you to get you PAN card an all things.But pan card you can easily get in Rs 150 or less. My personal advice is dont opt for Card Protection plan, they are just fooling the customers.
If you lost any of your card, just call to your bank and immediately they will block the card thats it.!