‘ATM Card Secure Plan’:

UBL provides insurance cover to cardholders;

Cardholder deprived of money within three-mile radius after using ATM to be compensated

KARACHI, July 22, 2011 (INFN: 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 an 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, and 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.