This policy scheme has been specifically designed for banks, as they have a large account holder base. This policy covers the loss which arises by way of forcible and violent snatching and/or armed hold-up and/or forced deprivation of money from the Customer him/herself (not any other person acting on behalf of the Customer) when using ATM services and Over the Counter cash withdrawal.
Coverage of this Policy:
The coverage of this policy is divided into two categories, Withdrawal of cash through ATM and Over the Counter.
Withdrawal through ATM:
Loss of money consequent upon its withdrawal from any ATM Machine during the period of coverage and occurring within the Prescribed Time Limit & distance against the Event herein covered.
Withdrawal through Over the Counter:
Loss of money consequent upon its withdrawal from Over the Counter of the designated branches of the Bank during the period of coverage and occurring within the Prescribed Time Limit against the Event herein covered.
Uniqueness of the Product:
“A tailored made product, customized upon request and feasibility of the Participant”
The pricing of this product varies as per the requirements of Bank and the uniqueness of the product. Contribution is decided by the management of Pak-Qatar Takaful Company, on request of any Bank which proposes a beneficiary scheme for itself and its customers in case of loss.
Claim Reporting Process
To report a claim, contact Claims Department Head Office – Pak-Qatar General Takaful Limited or nearest Branch immediately.