Ufone 4G, the mobile arm of Pakistan Telecommunication Company Limited (PTCL), announced on Tuesday it has struck a partnership with US-based Jubilee General Insurance (JGI) to sell insurance products to Ufone customers.
Under the partnership, JGI will offer two insurance plans, starting with a ‘Personal Accident Insurance’ package that provides coverage for accidental death and permanent disabilities, with lumpsum benefit plans up to PKR 2,000,000.
Meanwhile, the ‘Bill Protector Insurance’ covers bills in cases of accidental death or permanent total disability. Coverage for that plan includes utility bills, housing fees, mobile phone bills, and petrol/diesel expenses, with payouts from PKR 20,000 per month for up to 3 months to PKR 70,000 per month, depending on the duration of coverage, which extends up to 12 months.
To sign up for the plans, Ufone 4G customers can visit JGI’s local subscription portal, choose their plan, and enter their Ufone number and personal details. Once the plan is processed, customers will get a confirmation SMS, after which the plan will be in force immediately.
Ufone said the Personal Accident plans are priced starting at Rs 2 per day, while the Bill Protector plans starts at Rs 1 per day. Both pricing plans include taxes.
Azfar Arshad, COO at JGI, said premiums can be deducted directly from the user’s mobile phone balance credit.
“By leveraging digital technology, we are making insurance more accessible and affordable than ever before,” he said in a statement.
