Kamil Takaful Savings Plan
It’s never too early to start planning for the future. Simply because we do not know what it holds. No matter what unforeseen need you are faced with, the Kamil Takaful Savings Plan can fulfill it. With exile payment options, it can be a true savior for the rainy day.
Bank Alfalah Limited in partnership with Jubilee Life Insurance Company Limited – Window Takaful Operations offers Kamil Takaful Savings Plan.
Features and Benefits
- All your invested contributions are completely secure. This means at the time of maturity of the plan you get the entire cash value accumulated during the term of the plan.
- It is a flexible plan which gives you the ability to select the sum assured of your choice.
- If the life assured expires during the term of the plan, his beneficiaries will be entitled to the sum assured or the cash value, whichever is higher. You can determine the sum assured by multiplying your annualized basic premium amount by the selected cover multiple (offered from 5 to 254)* depending on your savings and insurance needs. For example, if your annual basic premium contribution is PKR 100,000 and you have selected a cover multiple of 10, your total sum assured would be 100,000 x 10 = 1,000,000.
- The range of cover multiples available to the policy holder varies with the age at the time of entry of the life assured.
- Your contributions will be invested in the fund(s) of your choice (Managed Takaful Fund and Capital Growth Takaful Fund) which are managed by expert investment managers and backed by premium financial securities, in order to ensure optimized returns with manageable risk exposure.
The premiums can be made annually, semi-annually, quarterly or monthly.
Given below is a breakdown of the minimum premium contributions that can be made:
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.
The plan is available to all Bank Alfalah Limited customers between 18 to 65 years of age.
Term of Plan
Minimum Term: 10 years
Maximum Term: 57 years
The product is underwritten by Jubilee Life Insurance Company Limited – Window Takaful Operations . It is not guaranteed or insured by Bank Alfalah Limited or its affiliates.