The Company, in consideration of an agreed premium, subject to the other terms hereof, agrees to pay on behalf of the Insured all sums that the Insured shall become obligated by reason of:

Robbery Benefit - ATM or Similar Device:

Maximum Benefit ($0 to $2,500)
If during a Covered Activity an Insured is robbed within 10 minutes after the Insured's Activation of the ATM and subsequent withdrawal of funds from such ATM and the stolen funds are not recovered within 48 hours of the Robbery, the Company will pay a benefit equal to the amount withdrawn up to the maximum limit stated in the schedule. This Benefit will be payable provided the Robbery is reported to the police within [48 hours to 72 hours] of its occurrence, and the following documentation is produced upon submission of a claim:
  1. A copy of the police report;
  2. A fully completed dated and signed (by the Insured) claim form;
  3. A copy of the ATM transaction receipt, showing the amount withdrawn, time, date and location of the ATM; and
  4. Confirmation from the financial institution records that the transaction occurred at the time, date and said location. The Robbery Benefit is limited to two benefits per Registered Card, per year.
 

Robbery Benefit - Mobile Remittance Device:

Maximum Benefit ($0 to $2,500)
If during a Covered Activity, an Insured is robbed of or otherwise loses the mobile remittance device and subsequently, funds stored, associated with or credited to the mobile remittance device are fraudulently withdrawn within [xx hours or minutes] and the stolen funds are not recovered within 48 hours of the Robbery, the Company will pay a benefit equal to the amount withdrawn up to the maximum limit stated in the schedule. This Benefit will be payable provided the Robbery is reported to the police within [48 hours to 72 hours] of its occurrence, the phone is immediately deactivated and the following documentation is produced upon submission of a claim:
  1. A copy of the police report;
  2. A fully completed, dated and signed (by the Insured) claim form;
  3. A copy of the deactivation request, documentation of the stored monetary value on the mobile device prior to loss, date of unauthorized monetary transaction and transaction receipts showing the amount withdrawn, time, and date of loss and
  4. Confirmation from the appropriate organization of the transaction, confirmation of the time, date, and amount of unauthorized transaction. The Robbery Benefit is limited to benefits per Registered device per year.
 

Robbery Benefit - Remittance Transaction

Non Electronic or Mechanical Devices:
Maximum Benefit ($0 to $2,500)
If during a Covered Activity an Insured is robbed within 10 minutes after the Insured's redemption of a remittance at a "over the counter" physical location ("redemption facility") not involving an ATM or similar device and the stolen funds are not recovered within 48 hours of the Robbery, the Company will pay a benefit equal to the amount withdrawn up to the maximum limit stated in the schedule. This Benefit will be payable provided the Robbery is reported to the police within [48 hours to 72 hours] of its occurrence, and the following documentation is produced upon submission of a claim:
  1. A copy of the police report;
  2. A fully completed dated and signed (by the Insured) claim form;
  3. A copy of the transaction receipt, showing the amount withdrawn, time, date and location of the redemption facility; and
  4. Confirmation from the redemption facility records that the transaction occurred at the time, date and said location. The Robbery Benefit is limited to two benefits per Registered Card, per year.
 

Accidental Death

Maximum Benefit ($0 to $5,000)
If Injury to the Insured results in death within 90 days of the date of the Robbery that caused the Injury, the Company will pay 100% of the Maximum Amount.  

In-Hospital Indemnity Benefit

Daily Maximum Amount ($0 to $250) to a maximum of 30 days per event
If an Insured suffers an Injury that, within 30 days of the date of the Robbery that caused the Injury, requires him or her to be confined in a Hospital as an Inpatient, the Company will pay a benefit after 3 Day(s) of Confinement due to that Injury, retroactive to the first Day of Confinement. The amount of the benefit is equal to 100% of the Daily Maximum Amount ($xxx) for the In-Hospital Indemnity Benefit per day of Inpatient confinement due to that Injury. The benefit is payable monthly up to the Maximum Number of Days for the In-Hospital Indemnity Benefit during any one Period of Confinement. Only one benefit is provided for any one Day of Confinement, regardless of the number of Injuries for which the confinement is required.  

LIMIT OF LIABILITY

Single Loss per Customer per Occurence
Subject to the Aggregate Loss of Funds Per Customer, the Company's liability for any one robbery of the Insured customer immediately following the withdrawal of funds from an account linked to the registered card, device or redemption activity is the amount of cash the customer is robbed of or the daily maximum withdrawal limit, whichever is the lesser amount.  

AGGREGATE LOSS OF FUNDS PER CUSTOMER

The Company's total liability for all losses of funds by use of any ATM, credit or debit card, mobile remittance device or redemption facility involving any customer's account is the insured's daily withdrawal limit with a limit of [0-3] robberies per the policy period. In the case the Insured is held by force at the site of the robbery and subsequent withdrawals are made during the same robbery incident, the aggregate amount paid will equal the amount of cash the customer is robbed of or the total of the daily withdrawal limits during the period of captivity to a maximum aggregate liability of ($0 to $10,000) per the policy period.  

GENERAL PROVISIONS - JOINT INSURED

Only the Insured listed on the registered card is covered under this policy. Coverage by election can be extended to immediate family members for incidental use of an ATM for a known and/or authorized transaction. Payment by the Company to the first named Insured for loss sustained by any Customer shall fully release the Company on account of such loss.  

REPRESENTATION

It is represented that the particulars and statements contained in the application for this policy are true and are the basis of this policy and are incorporated in and constitute part of this policy. Any material untrue statement contained in the application shall be ground for the rescission of this policy whether or not relevant to any loss reported to the Company.  

CONDITIONS AND LIMITATIONS DEFINITIONS

ATM: an automatic electronic device designed to permit the Insured to interface with a financial institution without teller assistance using a Registered Card.
 
Activation: A transaction initiated by the account holder at an ATM or similar point of sale devise, using the Registered Card or in some cases, the private account information for the purpose of performing a banking transaction that is reported on the records of the financial institution.
 
Benefit Schedule: the Benefit Schedule section of the Policy.
 
Covered Activity (ies): those activities set out in the policy with respect to which Insureds are provided insurance under this Policy.
 
Cash Dispensing Machine: any mechanical device designed to permit the customer to interface with the Insured's banking system to withdraw funds with an ATM, credit, debit card or a device used for similar purpose.
 
Cash Withdrawal Receipt: any machine printed slip or ticket indicating date, time, machine number, account number and dollar amount of cash withdrawal.
 
Customer: any person who has an account(s) with the Insured and is issued an ATM, credit or debit card that can be used to withdraw funds from any automated cash-dispensing machine.
 
Day(s) of Confinement: a day of Hospital confinement as an Inpatient.
 
Felonious Assault: any willful or unlawful use of force upon the Insured:
  1. with the intent to cause bodily Injury to the Insured; and
  2. that results in bodily harm to the Insured; and
  3. that is a felony or a misdemeanor in the jurisdiction in which it occurs; and
  4. that is documented by: (a) a police report within 48 consecutive hours from the time during which said incident occurred; (b) a fully completed dated and signed (by the relevant person) loss claim form; (c) an ATM receipt confirming the time during which the incident or alleged incident giving rise to the claim occurred; and (d) a medical report (death certificate where appropriate).
Hospital: a facility which:
  1. is operated according to law for the care and treatment of injured and sick people;
  2. has organized facilities for diagnosis and surgery on its premises or in facilities available to it on a prearranged basis;
  3. has 24 hour nursing service by registered nurses (R.N.'s); and
  4. is supervised by one or more Physicians.
A Hospital does not include:
  1. a nursing, convalescent or geriatric unit of a hospital when a patient is confined mainly to receive nursing care; or
  2. a facility which is, other than incidentally, a rest home, nursing home, convalescent home or home for the aged; nor does it include any ward room, wing, or other section of the hospital that is used for such purposes.
Injury: bodily injury caused by a Felonious Assault that:
  1. occurs while this Policy is in force as to the person whose injury is the basis of claim; and
  2. occurs while such person is participating in a Covered Activity; and
  3. results directly and independently of all other causes in a covered loss.
Inpatient: a person who is
  1. confined in a Hospital as a registered bed patient; and
  2. for whom at least one day's room and board is charged by the Hospital unless the Insured is confined as an Inpatient in any military, veterans or other government supported or sponsored Hospital for which a charge for room and board is not made.
Insured: a person who is
  1. a member of an eligible class of persons as described in the Classification of Eligible Persons section of the Master Application;
  2. for whom premium has been paid; and
  3. while covered under this Policy.
Mobile Remittance Device: A mobile electronic or similar device which stores monetary value, receives remittances or can access the financial accounts to make deposits or withdrawals without teller assistance using secured financial networks and technology.
 
Period of Confinement: a period of consecutive Days of Confinement as an Inpatient for all Injuries caused by the same accident. However, successive confinements as an Inpatient for all Injuries caused by the same accident are considered to be part of the same Period of Confinement, unless the discharge date for the prior confinement is separated from the admission date for the next confinement by at least 120 days. Physician: a licensed practitioner of the healing arts acting within the scope of his or her license who is not:
  1. the Insured;
  2. an Immediate Family Member; or
  3. retained by the Policyholder.
Registered Card: a cash card, credit card, debit card or device used for similar purpose, registered in the territory for coverage and for which a premium is paid and such premium is current at the time of loss.
 
Remittance: A financial transaction, often international, where funds are transferred from one person to another through electronic or similar platforms.
 
Remittance Redemption Facility: A facility, bank, retail location or other physical structure with a teller or similar functionary which receives funds from one person ("sender") and distributes the received funds to another person ("receiver").
 
Robbery: the taking of cash withdrawn from any automated Cash Dispensing Machine from any ATM, credit or debit card customer by inflicting or threatening imminent physical harm or bodily injury to the customer or by placing any such customer in fear of imminent physical harm or bodily injury while withdrawing funds from any automated cash dispensing machine, provided that the robbery is not committed by an officer or employee of the Insured.
 
Single Loss: all covered loss incurred by the Insured under the Insuring Agreement resulting from any one act or series of related acts of robbery.
 
Transaction: the act of carrying out a cash withdrawal from any automated cash-dispensing machine.  

POLICY EXCLUSIONS

This Policy does not cover any loss caused in whole or in part by, or resulting in whole or in part from, the following:
  1. Suicide or any attempt at suicide or intentionally self-inflicted injury or any attempt at intentionally self-inflicted injury.

    2.  
  2. Sickness, disease or infections of any kind; except bacterial infections due to an accidental cut or wound, botulism or ptomaine poisoning directly caused by a Robbery as defined in this policy.

    3.  
  3. The Insured's commission of or attempt to commit a felony.

    4.  
  4. Declared or undeclared war, or any act of declared or undeclared war.
In addition to all other exclusions listed above, Robbery, Accidental Death, exposure or disappearance or In Hospital benefits are not payable for any loss caused in whole or in part by, or resulting in whole or in part from:
 
I.   Subsequent loss that arises out of the theft of a Registered Card, or from theft of captured information by any means from the ATM unless the card is obtained during the covered robbery;
 
II.   Loss caused by an officer or employee of the financial institution;
 
III.   Any incident giving rise to a loss or potential loss involving the Insured's family members as perpetrators of the Robbery (for purposes of this exclusion, family members includes relatives as far removed as first cousins);
 
IV.   Any costs, charges or expenses incurred by the Insured or by any financial institution, in establishing the existence of loss or potential loss provided under the Policy or as a party to any legal proceeding, whether or not such legal proceeding, exposes the Insured to loss covered by this policy;
 
V.   Cash left unattended;
 
VI.   Any loss resulting from use of a Registered Card for any reason other than the withdrawal of cash from an ATM;
 
VII.   Loss resulting from the voluntary giving or surrendering of funds in any exchange or purchase;
 
VIII.   Any loss resulting from the use of a Registered Card by anyone other than the Insured;
 
IX.   Damages of any type for which the Insured is legally liable, except compensatory damages, but not multiples thereof, arising directly from a loss covered under this policy;
 
X.   Indirect or consequential loss of any nature;
 
XI.   Loss that arises from a mysterious or unexplainable disappearance of cash;
 
XII.   Subsequent loss that arises out of the theft of any ATM, credit or debit card;
 
XIII.   Loss caused by an officer or employee of the Insured;
 
XIV.   Loss of property voluntarily purchased with any ATM, Credit or Debit Card.  

LIMITS OF INSURANCE / SETTLEMENT OPTIONS

The Limit of Liability stated above is the total limit of the Company's liability hereunder for loss of funds per customer's account arising out of any withdrawals during the Insured's 24-hour business day. The Limit of Liability stated above is the total limit of the Company's liability hereunder for all losses of funds involving any customer's account per the policy period.  

TERRITORY

This policy applies only to loss arising out of a robbery within {xxxxxxxx}  

COVERAGE PERIOD

This policy applies to robbery of the Insured's customer immediately following the withdrawal of funds from any automated Cash Dispensing Machine, the loss of funds resulting from the theft of a mobile remittance device or the redemption of a remittance which occurred during the policy period.  

REPORT OF ROBBERY

As a result of the robbery which may give rise to a claim for loss:
  1. The Customer shall report the robbery to the police within 48 hours of the robbery and;
  2. Submit to the Company as soon as practicable, but no later than {xx days} after robbery,i. A completed claim form, and ii. A copy of the police report, and iii. A copy of the cash withdrawal receipt, if available
  3. The Insured must notarize a statement that a cash withdrawal transaction from the account occurred at the date, time and location of the robbery, and submit the claim form, copy of police report, notarized statement and copy of cash withdrawal receipt to the Company at the earliest practicable moment, not to exceed 60 days after receipt of information from the Customer.
 

ACTION AGAINST COMPANY

No action shall lie against the Company unless as a condition precedent thereto, the Insured shall have fully complied with all the terms of this policy, nor until 90 days after the required information has been submitted to the Company, nor at all unless commenced within two years from the date when the robbery is reported to the Company. If any limitation of time for report of robbery or any legal proceeding herein contained is shorter than that permitted to be fixed by agreement under any law controlling the construction of this policy, the shortest permissible limitation of time shall govern and shall supersede the time limitation herein stated.  

OTHER INSURANCE

If there is any other valid and collectible insurance that would apply in the absence of this policy, the insurance under this policy shall apply only as excess insurance over such other insurance.  

RECOVERIES

Any recoveries, less the cost of obtaining, made after settlement of loss covered by this policy will be distributed to the Customer until the Customer is reimbursed for any loss that the Customer sustains that exceeds the Limit of Liability and then to the Company until the Company is reimbursed for the settlement made.

CANCELLATION

This policy may be cancelled by the Insured by mailing to the Company written notice stating when thereafter the cancellation shall be effective. The Company may cancel this policy by mailing to the Insured at the address shown in this policy, written notice stating when (not less than 30 days thereafter) such cancellation shall be effective. The mailing of notice aforesaid shall be sufficient proof of notice. The effective date and hour of cancellation stated in the notice shall become the end of the policy period. Delivery of such written notice either by the Insured or by the Company shall be equivalent to mailing.  

ASSIGNMENT

Assignment of interest under this policy shall not bind the Company until its consent is endorsed hereon.  

NON-ACCUMULATION OF LIMIT OF INSURANCE

Regardless of the number of years this policy remains in force or the number of premiums paid, no limit of insurance accumulates from year to year or period to period.  

INTEREST COVERED

Benefits payable under this policy will be payable in the name of the Customer. This policy provides no rights to any Customer of the Insured.  

OPTIONAL BENEFITS AVAILABLE:

Emergency Room Benefit: This is a Fixed Cash benefit [$0 to $100] paid if as a result of a robbery, cardholder is admitted to an emergency room for treatment of injuries sustained during the robbery.
 
Ambulance Transportation: This is a Cash benefit [$0 to $300] paid if as a result of a robbery, cardholder is transported by an ambulance to a hospital or trauma center.
 
Card Related Fees: This is a benefit for Reimbursement up to [$ 0 to $100] for costs incurred in reactivating a card or other (e.g.: notary, regulatory stamps, etc.) fees.
 
Replacement of Card: This is a Cash benefit [$100 to $250] to cover the cost charged by a card issuer to expedite delivery and issuance of a replacement debit, credit or similar card Fraud or identity theft protection if a card is obtained during robbery:
 
This is a cash benefit or reimbursement for actual loss upon proof of loss, up to pre-defined limit [$0 to $1,000]. Benefit is payable if the card used in the robbery or attempted robbery is subsequently used to obtain additional cash or retail goods.
 
Exposure period: (12 to 24 hours)
 
Assistance: This is a standard assistance package including emergency medical referral, emergency legal referral, etc.
 
Coverage for Immediate family: This is an extension of coverage to include immediate family (spouse and children) of named cardholder. Coverage would be extended to immediate family members when they use the card of an insured member with his authorization.
 
Medical evacuation and repatriation: This is a reimbursement benefit of the cost of evacuation if medically warranted. Injury must be due to ATM robbery and occur more than 100 miles from the billing address on the debit card.
 
This is a repatriation benefit to cover bringing the remains of the cardholder if death occurs more than 100 miles away from the address on the card and when death is a direct result of a robbery while the cardholder is using an ATM.
 
Emergency cash: This is a fixed benefit [$0 to $100] available for immediate disbursement to cardholder to assist the cardholder in their immediate needs following the robbery.
 
Exposure and Disappearance: If by reason of a Robbery occurring while an Insured's coverage is in force under this Policy, the Insured is unavoidably exposed to the elements and as a result of such exposure suffers a loss for which a benefit is otherwise payable under this Policy, the loss will be covered under the terms of this Policy.
 
Critical Trauma Assistance and Transportation (Available only in the Philippines) Benefit [$0 to $5,000]. If by reason of a Robbery occurring while an Insured's coverage is in force under this Policy, the insured requires emergency transportation to a hospital in the immediate area of the incident with trauma capabilities and requires emergency medical treatment, the loss will be covered under the terms of this policy. (restrictions apply. Requires treatment in a qualified network facility. Benefit administered by East West Health Care, Inc. Philippines.)  

Exhibit A:

Additional Benefits: Trusted Agent Network. The Company, in consideration of an agreed premium, shall amend the policy to include certain benefits as defined below and subject to the other terms hereof, agrees to pay on behalf of the Insured all sums that the Insured shall become obligated by reason of:
 
Robbery of "Trusted Agent Network" Retailers. Maximum benefit ($0-$2,500) If during a Covered Activity a "Trusted Agent Network" Retailer is robbed while conducting or within 10 minutes after the "Trusted Agent Network" covered transactionion and the stolen funds are not recovered within 48 hours of the Robbery, the Company will pay a benefit equal to the amount stolen up to the maximum limit stated in the schedule. This Benefit will be payable provided the Robbery is reported to the police within [48 hours to 72 hours] of its occurrence, and the following documentation is produced upon submission of a claim:
  1. A copy of the police report;
  2. A fully completed dated and signed (by the Insured) claim form;
  3. A copy of the ATM transaction receipt, showing the amount of the transaction, time, date and location of the ATM; and
  4. Confirmation from the processor records that the transaction occurred at the time, date and said location. The Robbery Benefit is limited to two benefits per Registered Agent location, per year.
 

LIMIT OF LIABILITY SINGLE LOSS PER CUSTOMER PER OCCURRENCE

Subject to the Aggregate Loss of Funds Per Customer, the Company's liability for any one robbery of the Insured customer immediately following a covered transaction is the amount of cash the "Trusted Tan Agent" is robbed of or the daily maximum benefit, whichever is the lesser amount.  

AGGREGATE LOSS OF FUNDS PER CUSTOMER

The Company's total liability for all losses of funds by use of any ATM, credit or debit card, mobile remittance device or redemption facility involving any customer's account is the insured's daily withdrawal limit with a limit of [0-3] robberies per the policy period. In the case the Insured is held by force at the site of the robbery and subsequent withdrawals are made during the same robbery incident, the aggregate amount paid will equal the amount of cash the customer is robbed of or the total of the daily withdrawal limits during the period of captivity to a maximum aggregate liability of [$0 to $10,000] per the policy period.  

GENERAL PROVISIONS JOINT INSURED

Only the Insured listed on the registered card is covered under this policy. Payment by the Company to the first named Insured for loss sustained by any Customer shall fully release the Company on account of such loss.  

REPRESENTATION

It is represented that the particulars and statements contained in the application for this policy are true and are the basis of this policy and are incorporated in and constitute part of this policy. Any material untrue statement contained in the application shall be ground for the rescission of this policy whether or not relevant to any loss reported to the Company.  

AMENDMENT:

The original policy for which this amendment is made is fully in force and the amendment can not be in effect unless the underlying policy is active and in force. All terms, definitions, conditions or other clause of the original policy are valid and effective unless specifically changed in this policy. Any changes must reference the specific section, paragraph and word(s) for which the amendment is modifying.