Auto Shield - Summit Bank

Auto Shield

Company Profile
The United Insurance Company of Pakistan Limited (UIC) was established in the year 1959 on the Twentieth day of October. It was operational in Pakistan including East Pakistan (now Bangladesh). UIC is operating with more than 100 branches across Pakistan. UIC is doing general business including Motor Insurance, Group Health Insurance, Travel Insurance (Health), Travel Bonds & Guarantees, Livestock and Crop Insurance. It is a public limited company listed in Pakistan Stock Exchange Limited and is presently one of the leading quoted insurance companies of Pakistan with its A+ rating from PACRA.

For the first time ever Summit Bank introduces AUTO SHIELD, a convenient way to access auto insurance with innovative payment method via monthly installments. It provides security to consumer through its comprehensive auto coverage including accident & collision damages, theft and snatching. This product enables consumer to ensure both new and used vehicle in the most hassel-free manner.


Policy Term 1 Year
Premium Rate 2.9% (without tracker) & 3.9% (with tracker) on value of vehicle
Premium Payment Method Direct debit from SMBL account on monthly basis
Age of Vehicle Up to 10 years old
Value Added Services
  • Free towing to the nearest workshop
  • Get your car repaired from the workshop of your own choice
  • Insurance company / surveyor will help in getting the final police investigation report
  • No hidden taxes & charges
Grace Period on monthly premium payment 15 days
Tracker Device Optional
Free Look Period 14 days

The product is underwritten by The United Insurance Company of Pakistan limited (UIC), It is not guaranteed or insured by Summit Bank

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Last Updated 2023-03-20

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