Skimming: Any fraudulent use of a bank card (s) where property, labour or services are sold and delivered by a merchant to an individual purporting to be the cardholder using telephone, fax machines, postal services or a computer-based system or network
Losses arising out of duplicate or counterfeit cards as issued by the bank created without the cardholder’s knowledge
Counterfeit card shall mean a card which has been embossed or printed so as to pass off as a card issued by the bank, which is subsequently altered or modified or tampered with without the consent of the bank named in Part I of the Schedule.
The extent of coverage would be loss/ damage up to a maximum of seven days from the first date of loss/ theft of card.