HBL@Work is a customizable employee banking solution designed to streamline salary and pension disbursals for organizations and address the financial needs of their employees. It is suitable for small businesses and well as large conglomerates. Hassle free bulk account opening, onsite account activation with debit card delivery, salary digitization and customized reporting provide unmatched convenience for employers. Different account types are available with a host of features to cater to the financial needs of diverse customer segments including those following the Shariah compliant Islamic system.
Free Salary Continuation Plan for HBL @Work Customers
HBL @Work customers maintaining their conventional current accounts with HBL are now offered a comprehensive insurance plan that not only covers accidental death, disability, and wallet/mobile theft but also extends family support for a period of 2 years in case of death.
Below are the eligibility criteria and a summary of the two insurance plans offered to the employees:
Plan 1: Free ATM insurance & Salary Continuation of PKR 50,000 up till 2 years for HBL @Work customers
|Band I||Maintaining an average balance of PKR 25,000 and above consecutively for two months||Loss of Cash Withdrawn from ATM and OTC||Rs. 25,000 per occurrence and in annual aggregate|
|Equivalent to the accountholder’s monthly salary, up to a maximum of Rs. 50,000 per month for two years|
Plan 2: Free Insurance coverage up to PKR 7 million plus for HBL @Work customers
|Band II||maintaining an average balance of Rs. 200,000 and above consecutively for two months||Loss of Cash Withdrawn from ATM and OTC||Rs. 50,000 per occurrence and in annual aggregate|
|Personal Accident (Death + Permanent Disability + Partial Disability)||Lumpsum amount of Rs. 5,000,000|
|Loss of Valuables Insurance including Documents, and mobile phone only||Rs. 35,000|
|Accidental Medical Expense||Rs. 100,000|
|Child Education Expense due to accountholder’s Death||42,500 per month for 2 years|
|Utility Bill Expense Cover due to accountholders Death||42,500 per month for 2 years|
*For more detail, please refer to Terms and Conditions in the important documents Click here
You must comply with the Terms and Conditions to have the full protection under your POLICY.
You will receive SMS from HBL once you become eligible for the insurance benefit.
In case of theft, snatching or robbery during the withdrawal of cash from an ATM, you must report the incident within 72 hours to either HBL at 111-111-425 or to JGI, at 111-654-111 Ext: 2535 / 2534 or email: firstname.lastname@example.org.
You are required to follow the procedure mentioned below:
The required documents are:
In case of Accidental Death, the documents required in addition to those specified above are as follows:
Yes, JGI shall acknowledge receipt of a complaint or claim within two (02) working days of the receipt of complaint/ claim.
All queries and/or questions with regard to the claim shall be raised by JGI, either with HBL or the Customer directly, within seven (07) working days of receipt of the complaint/ claim.
The final decision with respect to the claim shall positively be communicated by JGI to Customer within three (03) weeks’ span from receipt of all the required documents for processing of the claim.
The claim form is available on HBL Website
In case you are eligible for Option 1, you will be covered for PKR 25,000, subject to a maximum of two (02) incidents per HBL’s Employee Banking Account during a twelve (12)-month period. In case if you are eligible for Option 2, you will be covered for PKR 75,000 subject to multiple incidents per HBL’s Employee Banking Account during a twelve (12)-month period.
In case of the loss of cash directly because of robbery, armed hold-up and/or forced snatching of money, you are covered within the Prescribed Time of 1 hour from withdrawal and radius of 1.5 Km from ATM (whichever comes first)
Yes, you are covered against the loss of Cash withdrawal(s) using Your ATM Card at an ATM of any scheduled bank and/or the HBL Bank’s kiosks across Pakistan up to the prescribed limit.
No, your cash/ personal money is not covered. Only the cash withdrawn by You using Your ATM Card at an ATM or using Your Cheque at any branch of the Bank is covered.
No, cash withdrawals made by any person other than you is not covered.
Wallet Insurance includes Wallet itself, non-Cash contents such as reissuance of ID, Watch, Jewellery, Mobile and Keys up to the prescribed limit
Insurance Coverage of loss of wallet is only applicable for the customers who meet the eligibility requirement of Options 2. Loss up to PKR 40,000 per occurrence and in annual aggregate will be covered.
For getting the information about the insurance events which are not covered, you may refer to the section of “Exclusions” given in the Terms & Conditions.
To be eligible for the insurance benefits, you have to maintain required account balance for 2 consecutive months. In case, if your balance falls below, you will not be eligible for the insurance benefit.
No, any finding of JGI, with respect to the claim, shall be final and conclusive, which cannot be challenged or questioned by you or your legal heirs, in any manner, whatsoever
No, HBL does not have the responsibility and liability with respect to the processing of or decision regarding the same. All disputes in relation thereto must be initiated