UBL provides insurance cover to cardholders
Karachi: [July 22]
Considering the prevailing law and order situation in the country, the
United Bank Limited (UBL) has initiated a plan to provide insurance
cover to over one million debit cardholders.
According to the details, UBL has signed a bancassurance agreement
with an insurance company according to which any cardholder who is
deprived of money within three-mile radius after using any ATM will be
compensated.
The agreement was signed by Najeeb Agrawalla, Group Head, Marketing, UBL and
Mian M. A. Shahid, Chairman United Insurance Company (UIC).
Speaking at the occasion, Mian Shahid said that the law and order
situation is not very conducive which has created a need for such
customer friendly plans.
He said that ?ATM Card Secure Plan? is a bold initiative that offers
security and sold insurance cover to cardholders.
Such insurance schemes are getting popular globally and such moves
aimed at providing financial security should be preferred by the
businesses and masses, he added.
Head of Corporate and Control Assurance UBL, Atif Rasheed, Head of
General Banking Products Retail Banking UBL Shahpur Ahmed, Head of
Corporate Communications and Public Relations Division UBL Anita
Mirza, VP Business Head, Insurance Products and Networking Planning,
General Banking Product Division UBL Yasum Mirza, Divisional Head,
Legal Division UBL Asif Fatah Sheikh were also present on the occasion.
UIC officials present on the occasion included BDM UIC Aziz Memon, AGM
UNI Altamash Malik, Business Development Manager UIC Ali Asad Sethi
were also present on the occasion.
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Business Development Manager
0321-2047618
021-35810441/2
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