Jubilee Shama Takaful PlanJubilee Shama Takaful Plan

Jubilee Shama Takaful Plan

Pure joy is seeing your loved ones happy and protected. While life may be stacked with high focuses and depressed spots that have all the earmarks of being unavoidable, the ability to get your family from money related hopelessness in what’s to come is definitely a sharp decision.

“Jubilee Shama Takaful Plan” is an optimal development forward to achieve this assuredness in your life by benefitting from improved benefits from reserve funds and ventures. This game plan will offer you the opportunity to take care of your money honorably today and ideally give your family a more splendid future.

Built in – 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.

Key Benefits

  • Select any of the additional supplementary benefits to enhance your protection.
  • Facility to withdraw the accumulated cash value of your funds either partially or fully.
  • Top-up your investments with extra savings that you may have.
  • An option to cope with inflation by increasing your contribution.
  • Long term financial security for you and your family.

Features and Benefits

  • All your invested contribution 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 contribution amount by the selected cover multiple (from 5 to 25) depending on your savings and insurance needs. For example, if your annual basic 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 exceptional financial securities, in order to ensure optimized returns with manageable risk exposure.
  • Some of the main supplementary benefits provided at a modest extra cost
  • Waiver of Contribution Supplementary Takaful Benefit
  • Accidental Death or Dismemberment Supplementary Takaful Benefit
  • Accidental Death Supplementary Takaful Benefit
  • Permanent Total Disability Supplementary Takaful Benefit
  • Critical Illness Supplementary Takaful Benefit
  • Family Income Benefit Supplementary Takaful Benefit
  • Jubilee MediPal Supplementary Takaful Benefit

Payment Frequency

Minimum payment is Rs.250,000 annually


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 (subject to maturity at 75 years of age)

Free Look Period

Customer can cancel the policy within a Free Look Period of 14 days from receipt of the documents, they are entitled for a full refund of contribution less any expenses incurred by Jubilee Life in connection with your medical or clinical examinations


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.

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