UBL Wallet Mahfuz
Insurance
UBL Wallet Mahfuz is primarily an ATM Insurance plan which also has numerous value added covers as riders for UBL customer’s.

UBL Wallet Mahfuz

UBL Wallet Mahfuz is primarily an ATM Insurance plan which also has numerous value added covers as riders for UBL customer’s 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 PKR 50,000 PKR. 1,500
  Free Riders:    
  Loss of documents PKR 10,000  
  Personal accident PKR 100,000  
  Card re-issuance fee PKR 2,500  
  Wallet replacement PKR 2,500  
  Cash PKR 5,000  
  Emergency Treatment PKR 10,000  
Gold Primary Benefit    
  ATM/Un-authorized PKR 100,000 PKR. 3,000
  Free Riders:    
  Loss of documents PKR 15,000  
  Personal accident PKR 200,000  
  Card re-issuance fee PKR 5,000  
  Wallet replacement PKR 5,000  
  Cash PKR 10,000  
  Emergency Treatment PKR 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.

Disclaimer:
These products are underwritten by EFU General Limited. It is not guaranteed or insured by UBL or its affiliates and is not a UBL product and UBL is only acting as a distributor of this product.