Security Mask is an insurance coverage to Primary Credit Cardholder of UCB.
Security Mask eligible criteria:
- All Primary Credit Cardholders.
- Maximum age of 60 at the time of enrolment.
Premium:
- 0.35% of Outstanding (statement date).
Key Features:
- Insurance coverage up to 40,00,000 (Forty lakhs) Taka.
- UCB security Mask is not only applicable for loss of life but it will also be applicable for Permanent and Total Disability (PTD).
- Additionally, it will cover Critical Care for 18 critical diseases even if have no outstanding.
Details Benefit:
| Particular | Benefits |
Normal Death |
200% of outstanding |
Permanent and Total Disability |
200% of outstanding |
Accidental Death |
400% of outstanding |
Critical Care |
|
Critical care Covered Disease:
|
|
A. If in case of natural death with an outstanding of BDT 5,00,000(Five Lakhs).
- Insurance company pays off BDT 5,00,000 (Five Lakhs) to clear the outstanding.
- The nominee gets additional BDT 5,00,000 (Five Lakhs).
B. If in case of an accidental death with an outstanding of BDT 5,00,000.
- Insurance company pays off BDT 5,00,000 (Five Lakhs) to clear the outstanding.
- The nominee gets additional BDT 15,00,000 (Fifteen Lakhs)
C. If a Platinum Cardholder goes for a stenting in coronary artery or suffers any of the 18 Critical diseases mentioned above
- The Cardholder will receive one off payment of BDT 3,00,000. (Three Lakhs)
D. If a Platinum Cardholder becomes permanently disabled after a stroke or any of the 18 critical diseases leaving an outstanding of BDT 5,00,000 (Five Lakhs).
- The Cardholder will receive one off payment of BDT 3,00,000. (Three Lakhs)
- Insurance company pays off BDT 5,00,000 (Five Lakhs) to clear the outstanding.
- The nominee gets additional BDT 5,00,000 (Five Lakhs).
What is security mask?
Security Mask is an insurance coverage to primary Credit Cardholders of UCB
Who is eligibility for enrollment of Security Mask?
All UCB Primary Credit Cardholders under age of 60 are eligible for enrolment.
Is supplementary cardholder will be covered under Security Mask?
No; only Primary cardholder is eligible for Security Mask.
What is the enrolment process?
Customers are enrolled along with Issuance of the Card. However, if customer wishes he/she can withdraw from the scheme.
How much premium need to be paid for Security Mask?
Only 0.35% of outstanding Balance will be charged as premium in statement date.
Will I get insurance coverage against the spending of supple card?
Yes; insurance coverage is applied on total outstanding of Primary and Supplementary card.
Who will get insurance benefit in case of death of primary cardholder?
The nominee will be entitled to receive insurance benefit.
How many diseases are covered under Critical Care?
There are 18 Critical Diseases under Critical Care Insurance Benefit scheme.
How long it will take to settle insurance claim?
Death coverage : Around 20 working days starting from receiving complete application.
Permanent and Total Disability : 1 year waiting time to proof PTD
Critical care : 3 months waiting time
Is there any auto termination of Security Mask?
Yes; the insurance coverage will be terminated once customer reaches 65 years.
Is there any temporary termination of Security Mask?
Yes; the customer will be out of coverage if card payment is irregular. However, upon clearance of the payment the coverage will be reinstated.
Can Customer re-enter the scheme if already withdrawn from the scheme?
Yes, the Customer can re-enter into Insurance coverage once withdrawn from the scheme.