Banker's Blanket Bond (BBB)

Banker's Blanket Bond (BBB) is an umbrella cover offered to Financial Institutions to cover their operational risks against fraud and crime related losses. Following are the insurance clauses under this cover subject to per-occurance and Annual Aggregate Limit of Liability.

Insurance Clauses:

• Infedility of Employees (Permanent & Contractual).
• Infedility of Goldsmith (if Gold product is offered).
• On Premises (Cash) & Gold (if Gold product is offered).
• Cash In Transit (CIT).
• Forged Cheques et al.
• Counterfeited Currency.
• Securities et al.

Cyber Risk Insurance

Cyber Risk Insurance, also known as cyber insurance or cybersecurity insurance, is a specialized insurance product designed to protect businesses from financial losses and liabilities arising from cyber incidents, such as data breaches, cyberattacks, or system failures. For businesses operating websites, especially in Pakistan where digital adoption is growing rapidly, this coverage is critical to safeguard against the increasing threat of cybercrime.

Electronic & Computer Crime

Financial Institutions in fact the whole world is electronically connected which means exchange of electronic messages, data, confidential information and lot more. In this world of electronic advancement and ease we are also evidencing smart techniques of committing crime. The intruders find unique ways of disrupting company’s electronic systems thus posing the level of risk for a company which is hard to estimate.

Employee Banking

In high competative markets bank not only want to increase current account cash deposits but also want to retain their loyal customers by prvoding them unique products like Employee Banking where Banks offers benefits to keep current and salary account with them.

Fixed Assets Insurance

Financial institutions carries huge amount of movable and immovable assets in head quarters and branches. These assets are covered against Fire & Allied Perils, Machinery Breakdown, Electronic Equipment insurances etc.

Error & Ommission

Errors and Omissions (E&O) Insurance for Financial Institutions protects them against claims arising from mistakes, negligence, or failure to perform professional services. It covers losses due to errors in banking operations, such as incorrect financial advice, mismanagement of funds, or processing mistakes, which result in client financial harm.

This insurance typically includes legal defense costs and settlements but excludes intentional fraud or criminal acts. It’s essential for banks to mitigate risks from professional errors in a highly regulated industry