Sadabahar PlanSadabahar Plan

Sadabahar Plan

Sadabahar is an anticipated endowment type with profits plan that provides a lump sum benefit at certain ages during the premium paying term or an earlier death. In addition, this plan has a built-in Accidental Death benefit (ADB) rider, so that the policy holder gets a cover for an additional sum assured in case of death due to accident.This plan is a safe instrument for cash provision at the time of need. With this plan, the policy holder can secure greater protection and continued prosperity for the family at an affordable cost.
Bank Alfalah Limited in partnership with State Life Insurance Limited offers Sadabahar Plan

Features 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 plus bonuses.
  • 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 plus accrued bonuses up till that point in time.
  • The range of cover multiples available to the policy holder varies with the age at the time of entry of the life assured.

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 15000
Half Yearly 10000
Quarterly 7500


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


The plan is available to all Bank Alfalah Limited customers between 20 years – 60 years of age.

Term of Plan

Minimum Term: 12 years
Maximum Term: 30 years


Sadabahar is an anticipated endowment type with-profit plan that provides lump sum benefit at certain stages during the premium-paying term or on earlier death. On completion of 1/3rd of the policy term, 20% of basic sum assured can be taken by the policyholder. Another 20% of the sum assured can be taken on completion of 2/3rd of the policy term and the remaining 60% of basic sum assured plus accrued bonuses (if any) shall be payable at the end of the policy term Premium (Maturity).
Death benefits: Full Sum Assured plus accrued bonuses are payable on death of insured at any time while the policy in force. In addition if death occurs as a result of an accident, an additional amount equal to one basic sum assured subject to maximum limit.


  • Policy Schedule.
  • Original Policy Documents.
  • Death Certificate duly issued by the competent authority i.e. NADRA / Union Council etc.
  • Copy of valid CNIC of deceased, claimant and identifier.
  • Claim Forms:
    1. Claim Form A (Claimant Statement)
    2. Claim Form A-5
    3. Claim Form B, (Medical Attendant Statement)
    4. Claim Form C (Identification Statement)
    5. Claim Form D (Employer Statement)
  • Premium Collection Record.
  • Claim investigation report (in case of early death Claim)


Claim Form A-5 is to be used where policies stand assigned in favor of the Provident Fund Department.

  • BS forwards the same to Bank Operations
  • Bank Ops scrutinizes the documents and dispatches the same to SLIC/GBA
  • SLIC/GBA verifies the received documents
  • SLIC/GBA process the claim and sends documents to SLIC
  • SLIC receives the documents for claim processing
  • SLIC issue the claim forms to the claimant
  • After submission of the claim forms/papers and other requirement if any, SLIC process the claim
  • SLIC counter check and process the claim
  • SLIC sends the claim cheque to GBA
  • GBA prepares discharge letter
  • GBA Sends the Claimant Cheque and Claim Amount Discharge Letter to the Bank Ops
  • Bank Ops Forwards the same to DSFO/respective branch
  • Beneficiary visits the Bank to collect the cheque
  • BS calls the beneficiary to collect the cheque in person

BS ensures the claimant by

  • Original CNIC
  • Copy of the cheque signed by beneficiary and sends to SLIC/GBA
  • Signature on Discharge Letter
  • Bank forwards the original relevant documents to SLIC/GBA


The product is underwritten by State Life Insurance Corporation of Pakistan. It is not guaranteed or insured by Bank Alfalah Limited or its affiliates.

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