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Bancassurance- Education Plans at Alfalah Bank





Bancassurance

Alfalah Bank’s Bancassurance solutions are specially designed to help you protect and secure a stable future with your loved ones. Partnering with leading insurance companies in the country, the Bank offers a diverse range of insurance plans, customized to meet your savings, education, marriage and retirement needs at every stage in life.

Education Plans

Alfalah Roshni Education Plan:
Education shouldn’t be a privilege. And with the Alfalah Roshni Education Plan it doesn’t need to be.

With this plan you can feel assured that your child’s education is taken care of even in the case of untimely death. So while we cannot know what will happen in the future, at the very least we can be prepared for it. After all, we need to ensure that our children have access to every opportunity to allow them to be the best they can be.

Bank Alfalah in partnership with Jubilee Life Insurance offers Alfalah Roshni Education 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.
  • 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 annualised basic premium amount by the 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.

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 branch.

Eligibility:

The plan is available to all Bank Alfalah 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. It is not guaranteed or insured by Bank Alfalah or its affiliates.


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