Reliable.

China Merchants Bank’s 120 yuan insurance refers to the card security service, which deducts 10 yuan per month and 120 yuan per year. If the credit card is stolen, the maximum compensation will be 500,000 yuan. In addition, if the relevant ID documents are lost, If you lose it, you will be compensated 200 yuan once, and the maximum compensation is 5 times (1,000 yuan) throughout the year.

It is safe from the perspective of the issuing entity and the issuing channel.

You can check whether it is enabled based on your own needs.