Jubilee Kohsar PlanJubilee Kohsar Plan

Jubilee Kohsar Plan

(HNWI savings and protection plan)

Life is all about goals – be it having a well-furnished house, educating your children or taking your family on a holiday. Jubilee Kohsar Plan for life insurance is designed to give optimized returns on savings and investments. So go ahead and plan. We can help you reach your goals.

Bank Alfalah Limited in partnership with Jubilee Life Insurance Company Limited offers Kohsar Plan.

Features and Benefits

  • All your invested premiums are completely secured. This means at the time of maturity of the plan you get the entire cash values of the policy accumulated during the term of your plan
  • It is a flexible plan which gives you the ability to select the sum assured of your choice
  • You can determine the sum assured by multiplying your annualized basic premium amount by the selected cover multiple (from 5 to 10) depending on your savings and insurance needs. For example, if your annual basic premium contribution is PKR 250,000 and you have selected a cover multiple of 10, your total sum assured would be 250,000 x 10 = 2,500,000.
  • If the life assured expires during the term of the plan, his/her beneficiaries will be entitled to the sum assured or the cash value of the policy, whichever is higher.
  • 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.
  • If the life assured hospitalized due to illness, it provides coverage up to the annual limit of 250,000.(Terms and Conditions apply)

Payment Frequency

Payments can be made annually, semi-annually, quarterly or monthly.
Below is a breakdown of the minimum premium contributions that can be made:

Yearly Rs. 250,000
Half Yearly Rs. 125,000
Quarterly Rs. 62,500
Monthly Rs. 20,834

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


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.

Contact Details of Claims Department:

Claims Department,
74 / 1 – A, Lalazar, M. T. Khan Road,
Karachi – 74000, Pakistan

Phone – Head Office: 92-21-35205095, 92-21-35205094 , 021-111-111-554

Fax: 92-21-35610959



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

Click here for more details

Apply Now Or you can apply for Jubilee Kohsar Plan at the branch.