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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