How Can I Benefit?
UBL now provides you FREE Accidental Death and Permanent Disability Coverage of up to to Rs.2,500,000/- in collaboration with UBL Insurers.
This scheme is testament of our continuing commitment towards our customers and is aligned with our tradition of providing innovative and unmatched services to our account holders.
Your Insurance limit varies according to your closing balance at month end.
| Closing Balance at Month’s end (PKR) | Insurance Limit (PKR) |
|---|---|
| 1 - 10,000 | 100,000 |
| 10,001 – 100,000 | 250,000 |
| 100,001 – 500,000 | 500,000 |
| 500,001 – 1,000,000 | 1,250,000 |
| 1,000,001 and above | 2,500,000 |
Comprehensive coverage
you can rely on.
DoUBLe Indemnity.
Emergency Medical Transportation
Local Burial or Repatriation
Coverage Matrix
| Injuries resulting: | Percentage of the limit |
|---|---|
| Death. | 100% |
| Loss of two or more limbs by amputation at or above wrist or ankle. | 100% |
| Total and irrecoverable loss of all sight in both eyes. | 100% |
| Total and irrecoverable loss of all sight in one eye and loss of one limb by amputation at or above wrist or ankle. | 100% |
| Permanent Loss of Speech. | 100% |
| Total and Incurable Insanity. | 100% |
| Loss of one limb by amputation at or above wrist or ankle. | 50% |
| Total and Irrecoverable loss of all sight in one eye. | 50% |
| Loss of thumb and index finger of either hand by amputation at or above the metacarpophalangeal joint. | 50% |
| Loss of one finger or one big toe. | 5% |
Terms and Conditions
- All existing and new UBL PKR and Foreign currency Current Account Holders (including Basic Banking Accounts-BBA) are automatically eligible for this scheme from December 1, 2008. Age 65 & above, dormant (Inactive for 12 months) and zero balance accounts are excluded from this scheme.
- Customers having more than one account with the bank shall be offered single insurance coverage.
- The policy shall only cover the account holder. Spouse or any other family member will not be eligible to receive insurance cover under this scheme.
- In case a customer gets compensation for permanent disability and he eventually dies, the customer shall not be entitled for multiple claims.
- The policy is nontransferable and non-saleable.
- Closure of the account, where the reason is other than the death of the customer, will result in automatic cancellation of the policy.
- Information relating to the next of kin in the account opening form shall be construed as beneficiary information. If you would like to nominate another person as the next of kin, kindly visit your branch for details.
- In case of joint accounts, only the primary account holder will be offered insurance coverage.
- Only sole proprietorships accounts are eligible for coverage; corporate accounts and partnerships are excluded from this scheme.
- Policy renewal shall be on a monthly basis, based on the stipulated eligibility criteria.
- Closing balance of the previous month shall be considered at the time of assessing the claim of eligible account holder.
Exclusion.
- Suicide.
- Enmity or personal, family or tribal feud or animosity of any kind.
- Pregnancy, miscarriage, childbirth or any non-malignant disease occurring in or in connection with the female reproductive organs.
- Self-inflicted injury, intoxication, insanity, fighting or unlawful / criminal act.
- Flying other than as passenger in a certified commercial aircraft.
- War, civil war or rebellion, invasion, act of foreign enemy, hostilities (whether war is declared or not) and civil commotion.
- Service on duty with any armed , navy, air force or para-military forces.
- Hazardous sports such as motorcycling, hunting, steeple chasing, mountaineering, racing of any kind, winter sports and diving, parachuting, hand gliding, boxing, wrestling, underwater activities requiring breathing apparatus.
- Direct or indirect result of Human Immune Deficiency Virus (HIV).
- Alcohol, narcotic / drug unless taken as prescribed by a qualified registered medical practitioner.
- Deliberate self-exposure to unnecessary danger except in the attempt to save human life.
- Disease or sickness.
- Disappearance except in the event of total loss by shipwreck of the ship or air crash of the aircraft
- Exceeding 65 years of age.
- Terrorism and sabotage.
- Accidental death/disability reported after 90 days of the occurrence of accident.
Perfectly
suited solutions
Who can open this account?
What type of accounts can I apply for using this service?
Do I have to visit Branch at any time?
My mobile number is not registered on my name, can I apply for this digital account?
Do I need proof of income document for Asaan Digital Remittance Account (ADRA)?
How soon can I start using my account?
Can I open this account if I already have another account with UBL?
Will there be any restriction on my UBL Digital Account?
Does this product offer a Debit Card?
Can I use a cheque book with this account?
What will be the maximum credit balance limit for ADRA?
What will be cash withdrawal limit per day for ADRA?
Can I transfer funds from ADRA to any other accounts and what will be the limits?
Can I do local credit to my ADRA and what will be the limits?
Can I deposit commercial remittances in my ADRA?
My signature doesn’t match my CNIC’s signature. I want to change the signature for this account, can I do it?
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