Life comes with highs and lows, but ensuring your family’s financial security should never be uncertain. The Jubilee Shama Takaful Plan helps you save, invest, and protect your loved ones, giving them a brighter and more confident future.
Offered in partnership between Bank Alfalah Limited and Jubilee Life Insurance Company Limited – Window Takaful Operations, this Shariah-compliant plan combines protection with growth-oriented savings.
Features & Benefits
-
Built in Cancer Cover Supplementary Takaful Benefit that provides coverage in case you are diagnosed with cancer.
- Flexible Coverage – Choose your sum covered with multiples ranging from 5 to 25 (depending on age at entry).
- Family Protection – Beneficiaries receive both the sum covered and the cash value in case of participant's death.
- Shariah-Compliant Investment – Funds invested in Family Takaful Income Fund & Family Takaful Balanced Fund, managed by experts.
- Flexible Payments – Contribute annually, semi-annually, quarterly, or monthly to match your convenience.
Plan Highlights
|
Attribute |
Details |
|
Eligible Age |
18 – 65 years |
|
Minimum & Maximum Membership Term |
10 - 57 years |
|
Maximum Maturity Age |
75 years |
|
Minimum Annual Contribution |
Rs. 250,000 |
|
Mode of Contribution |
Annual, Semi-Annual, Quarterly and Monthly |
|
Sum Covered Multiples |
5 or 25 |
Claims Process
Beneficiaries may contact Jubilee Life at (021) 111-111-554 and provide:
- Original Membership documents
- Completed claim forms (A, B, C, D)
- Medical/treatment records
- Hospital & NADRA-issued death certificate
- Attested CNICs of participant & claimant(s)
- Death intimation letter with date & cause
For accidental, murder, or suicide cases, additional documents such as FIR, medico-legal report, autopsy, and newspaper cutting are required.
Claims Department Contact:
Jubilee Life Insurance Company Limited
74/1 – A, Lalazar, M.T. Khan Road, Karachi – 74000
📞 92-21-35205095, 92-21-35205094, 021-111-111-554
📠 92-21-35610959
📧 info@jubileelife.com
Free Look Period
If you cancel within 14 working days of receiving your Participant’s Membership Document (PMD), you are entitled to a full refund of your contribution, less medical/clinical exam expenses.
Disclaimer
This product is underwritten by Jubilee Life Insurance Company Limited – Window Takaful Operations. It is not guaranteed or covered by Bank Alfalah Limited or its affiliates.