Proof of Life (POL)
What is POL?
Abbreviation of POL is Proof of Life; "Any person who have bank account
performs his biometric verification for proving his status as ALIVE/ACTIVE for
the authentication purposes by the banks or state/government".
The banks and other organizations have adopted different methods for Proof
of Life verification; The EOBI pensioners have to perform their biometric verification
after every six (6) months to avoid any mishaps.
The Bank Alfalah and EOBI both have collectively devised a standard
operating procedure (SOP) where as;
The pensioner has to visit any BAFL branch / designated BB (Branch less
Banking) Agent locations every six months to provide his/her "proof of
life".
The branch/agent will require the pensioner's CNIC and pension book to
retrieve the information on the front-end system.
The pensioner will be asked to do biometric verification. In case, the biometric
verification is unsuccessful, the pensioner will undergo a physical
verification at Bank Alfalah Ltd. branch.
After successful verification, the pensioner wallet account will be marked
as active for the next 6 months.
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