Rahat Savings and Protection PlanRahat Savings and Protection Plan

Rahat Savings and Protection Plan

Behind every success, there is a woman. We stand with you, no matter what role you play. Be it entrepreneur, a mother or a daughter, we understand your needs. With that in mind we present Rahat Savings and Protection Plan – designed exclusively for you with Jubilee Life Insurance Company Limited. This is an insurance plan that is tailored to meet your needs. The plan allows you to invest for yourself or your loved ones and secure a bright future no matter what comes.

Bank Alfalah Limited in partnership with Jubilee Life Insurance Company Limited offers Rahat Savings and Protection Plan.


Feature and Benefits

  • All your invested premiums 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 (Meesaq, Managed, Capital Growth or Yaqeen Growth Fund) which are managed by expert investment managers and backed by premium financial securities, in order to ensure optimized returns with manageable risk exposure.

Payment Frequency

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:

Yearly Rs. 36,000
Half Yearly Rs. 18,000
Quarterly Rs. 9,000
Monthly Rs. 5,000

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 65 years of age.


Term of Plan

Minimum Term: 10 years
Maximum Term: 57 years


Disclaimer:

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

Apply Now Or you can apply for Rahat Savings and Protection Plan at the branch.
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