Under an innovated value-added plan for its customers, the Askari Bank has provided security to its debit cardholders against theft and dacoity, says a press release. Askari Bank is the first in the history of banking to arrange such a scheme to counter the increasing incidence of looting at ATMs.
The insurance plan - ATM Debit Card Secure - will protect the customers in case of cash snatching within three hours after using an ATM, the release said. The bank has signed an agreement with the two leading national insurance groups - United Insurance Company and EFU General Insurance to cater to the needs of the Bank's ATM users.
Senior Executive Vice President and Group Head of Askari Bank, Agha Ali Imam, EFU's Salman Rasheed and UIC Chairman, MA Shahid signed the agreement. The UIC's General Manager, Zarar Butt and other Askari Bank officials including Shahid Alam Siddiqui, Asim Bashir, M Ali Shahbaz and Shahid Qadwai were also present on the occasion.
Speaking to newsmen, Chairman UIC said that the Company has been continuously striving to design and introduce new products to provide the best possible service and solutions to individuals and corporate customers.
He said that the UIC has achieved tremendous growth both premium-wise and profit-wise during the last one decade, which has created a strong trust and confidence among the customers. The Country Manager of UIC, Dr Murtaza Mughal said that the UIC has created a prominent position at national level as a progressive and innovative group and as such contributes substantially towards the welfare of its policy holders and prosperity of the country.-PR