OREANDA-NEWS. January 17, 2011. Uniastrum customers applying for a card with a planned overdraft facility can now enjoy extra peace of mind with unemployment and/or accident insurance, safe in the knowledge that if the insured event occurs the outstanding balance owed to the Bank will be paid by the insurer

Uniastrum Bank is offering cardholders with planned overdrafts voluntary life, health and accident insurance, as well as a wider program including unemployment cover. For some years now Uniastrum has operated a special insurance scheme for cardholders travelling abroad. The insurance programs are open to all new and existing cardholders and can be obtained at any Uniastrum branch nationwide.

The voluntary insurance programs are designed to protect Uniastrum cardholders with pre-agreed overdraft facilities. By signing up to an insurance policy, a customer can avoid loan repayment difficulties that could arise as a result of job loss or critical illness, simultaneously saving friends and relatives acting as loan guarantors the trouble of having to deal with the potential problems involved in debt settlement procedures and legal proceedings.

“We remain committed to our policy of offering customers new products and services. Insurance is a product that gives borrowers peace of mind and makes for a stronger bank-client relationship,” says Oleg Shvetsov, First Deputy Chairman of Uniastrum’s Management Board. “To my mind, the voluntary insurance programs are a welcome addition to our product mix, particularly for customers who place special emphasis on practicality and convenience and who are looking to stay with Uniastrum for a long time.”