Protection Shield

"Accident” means unintentional, unfortunate or a harmful event by chance or apparent cause.

“Accidental Death” means death due to accidental injuries, but not illness.

“Insured Person” means a National Bank of Pakistan PLS account holder, aged between 18 years and above, and whose premium is deducted & details are reported to the selected insurance company by NBP.

“Policy” means Group Personal Accident Policy dated 26/09/05 executed between NBP and Insurer.

“Principal Sum” means the amount stated in the Policy’s Schedule of Benefits as respects each Insured Person.

Product Details	Eligibility
No Medical Required No Documentation Fixed Auto Premium Deduction Facility (after customers consent) Choice of Deactivation	NBP PLS account holders 18 years and above

Termination of Coverage

The date the policy executed by NBP with ALICO is terminated.
The date the Insured Person is no longer eligible within the Classification of Insured Person(s).
If the required premium is not paid/deducted for the particular month.
The date the benefits are paid to the extent of the Principal Sum in respect of any Insured Person.
The date the Insured Person cancels coverage under this policy.

General Terms
Insurer	ALICO (American Life Insurance Company (Pakistan) Limited or such other insurance company as NBP may nominate from time to time.
Maximum Amount	Maximum Sum Assured PKR 1,000,000 (this limit is for multiple accounts of an insured)
Joint Account	Coverage amount will be distributed proportionately at the time of claim
Term Available	Monthly deduction
Claim Payment	Within 10 working days upon completion of all documentation / formalities
Claim Requirements	Claimant & Physician statement, original death certificate, hospital death certificate, original NIC, FIR, newspaper clippings (if any) & statement of account.

Disclaimer

The NBP Protection Shield is underwritten by ALICO (American Life Insurance Company (Pakistan) Limited) or such other insurance company as NBP may select from time to time.
NBP will not be responsible in any manner if your claim is rejected or not entertained.
NBP does not offer insurance advice or underwrite or issue insurance policies.
Purchase of insurance/bancassurance product does not represent an investment and does not accumulate a cash value.
The information available here is intended for the customer intimation and understanding only, and is subject to the policy documentation between NBP and ALICO, as may be applicable from time to time.

Please note that in making deduction from the customer's account for the purpose of coverage under the policy the bank is solely acting as the authorized nominee/agent of the customer, provided sufficient funds are available in the relevant PLS Account.

Exclusions

The insurance policy does not cover the following and no claim payment shall be made in respect to:

intentionally self-inflicted Injury, suicide or any attempt threat while sane or insane;
war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), mutiny, civil war, rebellion, revolution, insurrections, conspiracy, military or usurped power, martial law, or state of siege; assault and murder;, shelling, sniping, ambushes, and all acts of similar nature; or any period a Insured Person is serving in the Armed Forces of any country or international authority, whether in peace or war. Riots, strikes, civil commotion and terrorism acts if the insured person is actively involved in any of these activities;
any loss sustained or contracted in consequence of a Insured Person being intoxicated or under the influence of any alcohol, narcotic or drug unless administered on the advice of a Physician;
any loss of which a contributing cause was the Insured Person’s attempted commission of, or willful participation in an illegal act any violation or attempted violation of the law or resistance to arrest by the Insured Person;
any loss sustained while flying in any aircraft or device for aerial navigation except as a fare paying passenger (not as an operator or crew member) on a commercial airline operated by properly certified pilot, flying between duly established and maintained airports;
congenital anomalies and conditions arising out of or resulting there from;
Pre-Existing Conditions;
driving or riding as a passenger in or on (a) any vehicle engaged in any race, speed test or endurance test or (b) any vehicle being used for acrobatic or stunt driving;
any loss occurring while the Insured Person is participating in competitions, races, contests, matches in land air or sea; mountaineering, rock climbing, pot holing; paragliding, bungee jumping, parachuting or scuba diving;
any claim caused by opportunistic infection or malignant neoplasm, or any other sickness condition, if, at the time of the claim, the Insured Person had been diagnosed as having AIDS (Acquired Immune Deficiency Syndrome), ARC (AIDS Related Complex) or having an antibody positive blood test to HIV (Human Immune Virus).