transactioninsurance

Akhtar Fuiou Technologies

TPL Insurance Terms and Conditions

 

 

THESE ARE THE TERMS AND CONDITIONS FOR DIGITT+ TPL INSURANCE(the “Terms & Conditions”). BY USING THE DIGITT+ TPL INSURANCE(“INSURANCE SERVICE”), THE CUSTOMER (“You”) AGREE TO BE LEGALLY BOUND BY THESE TERMS & CONDITIONS.

TRANSACTION INSURANCE

   

1.      About This Insurance

Transaction Insurance protects you against financial losses arising from unauthorized digital transactions, account takeovers, cyber fraud, and certain theft-related incidents. It is designed to provide added security when using digital financial services and e-money accounts. Coverage is limited to eligible transactions and covered events as defined in the policy.

2.     General Exclusions

 

These exclusions apply to all coverages on this policy. We do not provide cover for:

·       Coverage applies only to transactions initiated and completed through the Digitt app. Any fraud, scam, theft, or unauthorized transaction occurring outside the Digitt app will not be eligible for insurance coverage.

·       Any incident prior to the start date of your insurance policy or after the cancellation.

·       The first amount of every successful claim (the excess), wherever applicable.

·       Any losses which are recoverable from any other source such as but not limited to your bank, your payment card provider or third-party payment platforms.

·       Any loss before or after the incident, if you have willfully concealed or misrepresented any material fact or circumstance concerning this insurance or provided fraudulent information to us.

·       Any loss resulting from war, invasion, act of foreign enemy hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection or military or usurped power, nationalization, confiscation, requisition, seizure or destruction by the government or any public authority.

·       Any loss resulting from gambling, lottery, contest, promotional game, or other games of chance.

·       Any loss resulting from illegal activity engaged in by you whether knowingly or unknowingly.

·       Any loss resulting from a potential mass cyber-attack.

 

3.   General Conditions

 

These conditions apply to all coverages of this policy:

·       We have no duty to provide coverage under this policy unless there has been full compliance with your obligations as set out in this policy.

·       You must take reasonable steps to avoid future loss.

·       For each of the benefits, regardless of the number of claims made individually or in aggregate, we will pay up to the maximum amount per occurrence and within the aggregate as shown in the Policy Schedule.

·       You must not agree to limit or exclude any right of recovery you may have against a third party for loss, damage or liability that is or may be subject to a claim under this cover.

·       You agree that we have the right to pursue your rights of recovery against a third party (where permitted by law) for loss, damage or liability that is or is likely to be subject to a claim under this cover and you must do everything reasonably necessary to assist us to do so.

·       You must be a resident of Pakistan at the time of application for this insurance and remain a resident of that country during the term of this policy.