Protect More,
Worry Less

Protecting Businesses Against Employee Fraud

Building wealth and growing a business requires years of hard work, trust, and dedication. Unfortunately, losses can arise when that trust is breached through dishonest acts committed by employees for personal financial gain. Such incidents can result in significant financial damage and disrupt business operations.

Fidelity Guarantee Insurance by Alfalah Insurance Company Limited is designed to protect businesses against direct financial losses caused by fraudulent and dishonest acts of their employees, helping organizations safeguard their assets and maintain financial stability.

Coverage under fidelity guarantee is provided against losses including, but not limited to:

• Theft of property or cash
• Cash embezzlement
• Fraudulent fund transfers
• Other dishonest acts resulting in direct financial loss to the insured

Extended Discovery Period

Provides a fraud discovery period of up to three (3) months after the policy expiry, without any additional premium, allowing sufficient time to identify and report losses.

Why Choose Alfalah Insurance?

• Trusted expertise in commercial and financial risk solutions
• Customizable coverage to suit business size and exposure
• Strong claims support and risk management approach

Comprehensive Protection Against Fraud & Crime-Related Losses

Bankers Blanket Bond is a comprehensive insurance solution designed specifically for banks and financial institutions to safeguard against a wide range of operational, fraud, and crime related risks arising during the course of normal banking operations.

Alfalah Insurance Company Limited offers a robust and customizable Bankers Blanket Bond that provides financial protection against losses caused by dishonest acts, theft, forgery, counterfeit currency, and damage to bank property by ensuring operational continuity and financial stability.

Scope of Coverage

The Bankers Blanket Bond provides coverage for losses arising from one or more of the following events:

1. Employee Infidelity

• Losses resulting from fraudulent or dishonest acts committed by bank employees with manifest intent to obtain improper financial gain, whether acting alone or in collusion with others.
• Covers loss of money, securities, or other property belonging to the bank or for which the bank is legally liable.
• Legitimate salary, fees, commissions, bonuses, promotions, or salary increments do not constitute improper financial gain.

2. On-Premises Loss

Loss of property, including cash and valuables, while located at the bank’s premises due to:

• Robbery
• Burglary
• Armed hold-up
• Forced deprivation

Also covers loss of customers’ property while in their possession within the bank’s premises, arising from the same perils.

3. Cash-in-Transit

• Loss of property while in transit and under the custody of the bank’s authorized employee.
• Where transit is conducted through a professional security or armored vehicle company, Alfalah Insurance shall indemnify only the amount in excess of recoveries available under the agreement with such service provider, subject to policy terms.

4. Forged Cheques & Financial Instruments

Coverage for losses sustained by the bank due to honouring or acting upon any cheque or financial instrument that is:

• Forged or fraudulently altered
• Bearing a forged signature or a signature fraudulently altered
• Presented with manifest intent to defraud

5. Counterfeit Currency

• Losses sustained due to the receipt or issuance of counterfeit currency notes or coins in good faith during the course of business.

6. Damage to Offices & Contents

Loss or damage to bank premises, fixtures, furniture, fittings, and contents caused by:

• Robbery or burglary
• Attempted robbery or burglary

Coverage applies to damage directly resulting from such criminal acts.

7. Securities & Financial Documents

Losses arising from the bank acting, in good faith and in the ordinary course of business, upon:

• Securities
• Written instruments
• Documents

which subsequently prove to be forged, fraudulently altered, lost, or stolen, as defined in the Policy Schedule.

Additional Covers Available (Optional Sections)

The Bankers Blanket Bond is typically offered as a packaged policy, with optional extensions that may include:

Electronic & Computer Crime Insurance

Protection against losses arising from cyber fraud, electronic data manipulation, and computer-related crimes.

Safe Deposit Box / Locker Contents Insurance

Coverage for loss or damage to customers’ valuables kept in bank lockers, subject to policy terms and limits.

Why Choose Alfalah Insurance?

• Tailored solutions for banks and financial institutions
• Strong underwriting expertise in financial lines
• Flexible limits and coverage options
• Prompt claims handling and professional support

Mobile Phone Insurance

At Alfalah Insurance Company Limited, we understand the importance of protecting what matters most to you. Our Mobile Phone policy offers broad coverage to your Mobile Phone (s) providing you peace of mind against unforeseen loss or damage.

What We Cover

Our Mobile Phone Insurance safeguards your Mobile Phone (s) against a wide range of risks, including:

• Fire
• Burglary, housebreaking, larceny, and theft
  

Whether your property is at home, in the office, or in transit anywhere within Pakistan, we ensure protection up to the insured value. In the event of a covered loss.

Your Responsibilities

To ensure smooth claim processing, policyholders are expected to:

• Take reasonable precautions to protect insured property.
• Report any loss or damage to Alfalah Insurance immediately, and provide detailed documentation.
• Cooperate with authorities in cases of theft or burglary and assist in property recovery.

Why Choose Alfalah All Risk Insurance?

• Extensive Coverage: Protects against a wide variety of risks to your property.
• Flexible Claims Options: Choose between cash settlement or property replacement.
• Nationwide Protection: Coverage extends throughout Pakistan, including property in transit.
• Trusted Partner: Benefit from Alfalah Insurance’s decades of expertise and commitment to your security.

With Alfalah Insurance, your valuable assets are safeguarded, giving you the confidence to focus on what matters most.

Glass installations add elegance and functionality to modern buildings, but their fragile nature makes them vulnerable to accidental breakage. Alfalah Insurance provides Plate Glass Insurance to protect your Plate Glass assets installed within your property against all sudden & unexpected losses (unless those specifically excluded) giving businesses and property owners peace of mind.

Why Choose Alfalah Plate Glass Insurance?

With Alfalah Insurance, your glass assets are well-protected, ensuring safety, security, and continuity of your property’s value with the peace of mind.

Protect Your Bright Investments

Neon signs are an eye catching way to promote your business, but their exposure in public areas makes them vulnerable to accidental damage. Alfalah Insurance offers Neon Signs Insurance, providing comprehensive protection and financial compensation in case of accidental loss or damage against Fire/Lightning, External explosion, Theft and Malicious Damage. Ideal for advertisement companies, retail stores, and businesses that rely on neon signage for branding and visibility.

With Alfalah Insurance, your neon signs stay bright and secure, ensuring your brand visibility remains uninterrupted.

Agriculture Insurance

Agriculture is a vital sector of Pakistan's economy, and farmers face a wide range of risks, including adverse weather conditions, natural calamities, pests, diseases, and other unforeseen events. Our Agriculture Insurance solutions are designed to protect farmers and Financial institutions against potential financial losses resulting from unforeseen events.

Livestock Loan Insurance

Livestock Loan Insurance is designed to protect both the lending institution and the borrower prescribed by State Bank of Pakistan against financial losses arising from the death of insured livestock financed under a loan facility. The insurance helps ensure continuity of the borrower's livelihood while safeguarding the lender's financial exposure. In the event of the death of an insured animal due to covered perils the insurer indemnifies the loss up to the sum insured, thereby reducing the outstanding financial burden on the borrower.

Crop Loan Insurance

Alfalah Insurance Company Limited is offering Crop Loan Insurance Scheme to protect both farmers and financial institutions as prescribed by State Bank of Pakistan against financial losses arising from damage to crops financed through agricultural loans. The coverage helps reduce the financial burden on borrowers while safeguarding the lender's loan portfolio against unforeseen events. The policy indemnifies the insured for losses resulting from insured perils, subject to notification by the Provincial Disaster Management Authority (PDMA).