Profi Merlin

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Characteristics of Profi Merlin insurance:

• insurance for all payment cards issued for a business current account in any of the Czech republic banks and in the name of the insured party
• also covers stoplisting and costs relating to issue of a new card in relation to loss or theft of a card
• insurance cover also relates to theft of cash for a period of 48 hours after the card holder withdrew this at a branch or from a cash machine
• Profi Merlin also provides you with compensation in the event of theft of revenue being delivered to a KB branch by an authorised party
• an unlimited number of Profi Merlin insurances can be arranged under one business account
• this insurance relates to:
  • cards issued for a business account held in KB
  • cards issued by other banking institutions based in the Czech Republic
• subject of the insurance and insurance payments
  • The subject of the insurance is financial loss created as a result of the events stated below.
  • The stated limits always relate to one card holder and one calendar year.
    • up to CZK 60,000 in the event of unauthorised card payments
    • up to CZK 15,000 in the event of unauthorised card withdrawals from cash machines
    • up to CZK 30,000 in the event of theft of cash carried as a deposit (revenue) to a KB branch
    • up to CZK 15,000 in the event of costs creation for repurchasing of personal belongings, keys, credentials and cash in maximum amount of CZK 3,000 for an item, up to CZK 5,000 in case of mobile phone
    • up to CZK 15,000 in the event of cost creation for issuing a reserve cash (emergency cash advance)
    • up to CZK 1,000 in the event of cost creation for resending of a card PIN
    • up to CZK 1,000 in the event of cost creation for issuing KB card after stoplisting and for issuing KB card duplicate
    • up to CZK 6,000 in the event of messanger cost creation for shipping a card and PIN abroad
    • up to CZK 5,000 in the event of creation of costs for calling and sending of SMS/MMS from a stolen mobile telephone
    • up to CZK 4,000 in the event of creation of costs for stoplisting of the card and subsequent issue of a new card
• insurance premium
  • the premium for inclusion of a person into the Insurance for the first year is 1/12 of its standard level
  • for each whole calendar month remaining after the date of conclusion of the insurance until the end of the calendar year
  • e.g. a client who concludes an insurance contract on 12. 6. – only pays the premium for 6 months (from 1. 7. until 31. 12.) at the level of CZK 174.
  • the insurance premium is CZK 348 per year.
• insurance period
  • insurance in the first year lasts until 31 December
  • after that, it is automatically renewed for the next calendar year
• insurance validity
  • Worldwide

Advantages of Profi Merlin insurance:

• unique risks insurance relating to misuse of card issued by other banking institutions
• selected bank charges coverage, client is automatically credited on the account without necessity to report an insurance incident
• unique coverage of revenue being delivered to a KB branch
• financial certainty in the event of loss or theft of a payment card
• security for deposits and withdrawals of cash
• PIN secured transactions are covered
• low price in comparison with the scope of insurance coverage
• global validity of the insurance

Profi Merlin insurance allows you:

• safe use of payment cards
• protection against the consequences of unauthorised use of payment cards

How to get Profi Merlin insurance?

• contact your relationship manager
• call the free KB Info line on 800 521 521

The product is provided by Komerční pojišťovna a.s.

Related information:

• Insurance conditions (PDF file)
• Komerční pojišťovna. a.s.

Use the Business Service KB, within which we are happy to advise you and help you set other products and services tailored to your business.