OREANDA-NEWS. December 24, 2013. The product "Allianz Finance. Standard Card Protection", which is new for the agent network, enables protection of the clients’ bank cards against various types of fraud associated with unauthorized cash withdrawals.

With the launch of "Allianz Finance. Standard Card Protection", cardholders will for the first time be able to purchase policies protecting their cards not from their banks, but in the insurer’s office.

In all countries, including Russia, various methods of stealing cash from the bank clients’ accounts such as carding, skimming, shimming, etc., are used. For example, according to FICO1, Russia became leader in Europe in terms of growth in the number of fraud cases involving bank cards, amounting to 35% as compared to the year 2011.

Payment card details are mainly stolen from the hacked servers of online stores, payment and settlement systems. Also malefactors often use special devices to read data from the client cards directly in the ATMs.

The policy issued under the "Allianz Finance. Standard Card Protection" program will protect clients against financial losses arising from unauthorized cash withdrawals from the card account in case of loss or stealage of the card, in case of use of ATMs and payment systems in various sales outlets, and it will also protect monies in case of robbery or brigandage after cash withdrawal by the cardholder in an ATM.

The minimum cost of policy is 750 roubles, and at such cost the insurance amount will equal 30,000 roubles.

1FICO (Fair Isaac Corporation) is the world’s leading think tank.