UBL Wallet Mahfuz

UBL Wallet Mahfuz is primarily an ATM Insurance plan which also has numerous value added covers as riders for UBL customers i.e. stolen/lost wallet cost reimbursement, lost/stolen card reissuance fee reimbursement, stolen cash and accidental medical treatment reimbursement. UBL Wallet will be sold only through Contact Center unit where sales officers sell over recorded lines.

Product Offering

UBL Wallet Mahfuz plan has two options Silver, Gold to match to customers’ protection needs. Following plans are as follows:

  • Plan options Benefit Sum Assured (PKR) Annual premium (PKR/Person)
  • Silver Primary Benefit:
  • ATM/Un-authorized 50,000 PKR. 1,500
  • Free Riders:
  • Loss of documents 10,000
  • Personal accident 100,000
  • Card re-issuance fee 2,500
  • Wallet replacement 2,500
  • Cash 5,000
  • Emergency Treatment 10,000
  • Gold Primary Benefit:
  • ATM/Un-authorized 100,000 PKR. 3,000
  • Free Riders:
  • Loss of documents 15,000
  • Personal accident 200,000
  • Card re-issuance fee 5,000
  • Wallet replacement 5,000
  • Cash 10,000
  • Emergency Treatment 15,000

Exclusions are

  • counterfeit/skimmed cards
  • Employee dishonesty
  • Merchants fraud
  • POS Fraud
  • Courts costs, charges and expenses
  • Maximum of 03 claims would be payable up to assigned limits in a policy year. This limit is 3 per year and if customer renews his/her policy in second year the limit is refreshed.