Skip to main content

Alfalah Sahara Retirement Plan

 




Alfalah Sahara Retirement Plan

Retirement marks a milestone in every man’s life. And with careful planning it can be a milestone to look forward to.

The Alfalah Sahara Retirement Plan helps ensure that you are able to maintain the standards you have become accustomed to. It can provide financial security for you and your family as you embark on this new phase of life.

So start planning today for a life of leisure tomorrow.
Bank Alfalah in partnership with Jubilee Life Insurance offers Alfalah Sahara Retirement 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 of the policy accumulated during the term of your plan. If the age of the policy holder at the time of maturity is 55 years or above, he/she will also have the option to use the cash value to buy a pension, especially customised for individuals who prefer a steady stream of income instead of a lump sum amount at the time of retirement.
  • In case of an early death within the term of the plan, your beneficiaries will receive the sum assured plus the basic plan premium which has been paid or cash value, whichever is higher.
  • Alfalah Sahara Retirement Plan is a flexible plan that lets you select additional optional rider based on your needs, at a modest extra cost:
  • Your contributions will be invested in the fund(s) of your choice (Meesaq, Capital Growth or Yaqeen Growth Fund) which are managed by expert investment managers and backed by premium financial securities, in order to ensure optimised returns with manageable risk exposure.
  • Your contributions will earn investment returns during the term of the plan. At the end of the chosen term, you will receive your accumulated cash value as a lump sum amount.
  • You can pay the premium yearly, half-yearly, quarterly or monthly.
  • Choose the best coverage for your needs from the given options and determine how you wish to receive the accumulated funds at the time of maturity. Select any of the optional insurance benefits to enhance the plan.


Payment Frequency:

Payments 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 our representatives at your nearest Bank Alfalah branch.

Eligibility:
The plan is available to all Bank Alfalah customers between 18 to 50 years of age.

Term of Plan:
Minimum Term: 10 years
Maximum Term: 47 years

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


Comments

Popular posts from this blog

Triple Benefits Savings Account at BRAC Bank Ltd Bangladesh

Triple Benefits Savings Account Triple Benefits Savings account offers you to grow your deposit at a higher savings rate with an opportunity to enjoy wide range of Alternate Channel services and convenience of Branch Banking. Features: ·         Account opening balance requirement for Metropolitan customers BDT 50,000 and non-metropolitan customers BDT 25,000 only. ·         Earn higher interest rate on monthly basis than most of the savings account. ·         Convenience of banking from branches and avail fast track services of Internet Banking, Call Center, SMS Banking and e-Statement. ·         Earn reward points and avail gift vouchers by using our Visa/Master Debit card. ·         ATM withdrawal limit of BDT 100,000/- per day Benefits: ·        ...

Loan against pension by apna bank in Pakistan Loan amount: Maximum amount up to Rs. 150,000/-

Loan against pension by apna bank in Pakistan Loan amount: Maximum amount up to Rs. 150,000/- APNA Pension Loan  Apna Micro Finance Bank cares a lot for senior citizens of Pakistan. Apna Bank introduces “Apna Pension Loan” for the senior citizens and their family members (Spouse/Unmarried Daughters) who are getting pension.  The “Apna Pension Loan” product is designed for the retired employees, their spouses & unmarried Daughters (deceased employees) who are receiving pension from Government/Semi Government Departments. These loans will be utilized for the various purposes enabling them to bridge up their financial shortcomings. Apna Pension Loan will provide financial facilities easily and quickly against future pension payments.  This product will fulfil the financing necessities of the pensioners to manage any financial activity like commencing a new business, education of children, health treatment, housing repairs or any other purpose. Requirement Copy ...

UBL Cashline

UBL Cashline is a flexible loan that provides you cash up to Rs.500,000 without any security requirements. It empowers you to take control of your finances. UBL Cashline is aimed to make your life easier… ZINADGEE ASAAN. Whether you are a salaried individual or a businessman, UBL Cashline takes care of your cash requirements. Cashline offers you: Flexibility No fixed monthly installment. ...