Features and Benefits

• 70% Unit allocation in the first year of the policy 
• In case of unfortunate death, your nominated beneficiaries will receive the sum assured or the accumulated cash value of your funds (whichever is higher). 
• Sum assured is the guaranteed minimum amount payable on death. Sum assured is determined by multiplying the annual basic premium with a Cover Multiple. The range of Cover Multiples offered under this plan is 5 to 25; hence, your Sum Assured could be 5 to 25 times of annualized basic premium. For example, if your annual basic premium is PKR 1,000,000 and you have selected a cover multiple of 10, your total sum assured would be PKR 1,000,000 x 10 = * 10,000,000

*The range of cover multiples available to the policy holder varies with the age at entry of the life assured and underwriting outcome.

• Maturity Benefit At the end of the term of the plan, the policy holder will receive the Cash Value accumulated during the term of the plan.

Cancer Protection Supplementary Rider: This benefit provides coverage in case you are diagnosed with cancer so that you and your loved ones can be relieved from the imminent financial burden, and focus solely on your recovery and health. The benefit amount will be paid to you depending on the stage of the cancer, that is, either Early Stage or Late Stage.

Payment Frequency

Minimum payment is Rs. 1,000,000 annually

Note

For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Bank Alfalah Limited branch.

Eligibility

The plan is available to all Bank Alfalah Limited customers between 18 to 70 years of age.

Term

The available term range is 10 to 25 years, subject to maximum age of 80 years at maturity.

Minimum Premium

The minimum premium requirement under this plan is PKR 1,000,000 annually.

Mode of Payment

Annually and Semi –Annually

Claims

At time of claims, the beneficiary needs to contact Jubilee Life at (021) 111-111-554 and submit the following documents.

• Original Policy Documents
• Claim Forms A, B, C, D
• Complete Medical /Treatment Record including all Clinical Notes at the onset of the treatment
• Death Certificate issued by Hospital and NADRA
• Attested CNIC of both the life assured and claimant(s)
• Intimation wherein Date of death and Cause of death should be mentioned by the claimant

However, in case of Murder, Suicide or Accidental Death following mandatory requirements should also be added:

• Post Mortem/ Autopsy Report (Attested)
• News Paper Cutting of the event (Attested)
• Police First Information Report (FIR) (Attested)
• Medico Legal Report (Attested)

Note: Further requirements can be asked for depending on the case.

Disclaimer

The product is underwritten by Jubilee Life Insurance Company Limited. It is not guaranteed or insured by Bank Alfalah Limited or its affiliates.