For only P15 a month, United Coconut Planters Bank (UCPB) cardholders can now protect their hard-earned funds through ATM Protect, an insurance product of the bank’s bancassurance partner, UCPB General Insurance Co. Inc. (UCPB GEN).
ATM Protect insures UCPB cardholders against robbery during or after an over-the-counter or ATM withdrawal, robbery from stolen mobile phone-banking device and skimming among
other benefits.
“We want to provide our cardholders with an affordable insurance product to help protect their hard-earned money against theft, skimming and other untoward incidents. ATM Protect serves as an additional layer of protection to our EMV-enabled ATM card. Hopefully, this will give our cardholders a greater sense of security whenever they use their UCPB ATM card,” UCPB Vice President and Marketing Group Head Charina D.
Balanquit said.
ATM Protect covers up to three incidents of robbery per policy year, with the first incident covered up to P50,000 or whichever is lower, subject to the terms and conditions of the policy. Victims of skimming who are enrolled in ATM Protect are covered up to one skimming incident per policy year.
ATM Protect also comes with other benefits, including the reimbursements for the cost of replacing government-issued IDs and obtaining a new ATM card, hospital confinement, accidental death, trauma and emergency medical assistance, identity-theft restoration and 24/7 worldwide protection.