UCPB offers ATM insurance for P15 a month
Care to spend a little for some peace of mind?
United Coconut Planters Bank (UCPB) is offering insurance cover for its cardholders via ATM Protect, which allows clients to pay a small premium in exchange of a fallback if ever they get robbed.
“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,” the government-owned bank said in a statement.
The insurance is administered by its sister firm UCPB General Insurance Co., Inc.
ATM Protect can cover up to three incidents of robbery per policy year, plus one case of card skimming. For robbery victims, the first incident is covered by as much as P50,000, which can be used to pay the cost of replacing government-issued IDs and getting a new ATM card, hospital confinement, accidental death, trauma and emergency medical assistance, and identity theft restoration.