Secure your family’s future with confidence. Life is unpredictable, but you can protect your loved ones from financial hardship. The Ujala Insurance Plan helps you save and invest wisely today, so your family enjoys a brighter tomorrow.
Bank Alfalah, in partnership with Jubilee Life Insurance, offers this plan to give you financial security and peace of mind.
Features and Benefits
- Capital Protection
All your invested premiums remain secure. At maturity, you receive the full cash value accumulated during the plan’s term. - Flexible Coverage
Choose a sum assured that matches your needs. Multiply your annual basic premium by a cover multiple (from 5 to 25).
Example: If your annual premium is PKR 250,000 and you select a cover multiple of 10, your sum assured will be PKR 2,500,000. - Family Security
If the life assured passes away during the plan term, beneficiaries receive the higher of the sum assured or the policy’s cash value. - Age-Based Cover Multiples
The available cover multiples depend on the age of the life assured at entry. - Expert Fund Management
Your contributions are invested in funds of your choice (Meesaq, Managed, Capital Growth, or Yaqeen Growth Fund). These are managed by professionals to provide strong returns with controlled risk. - Supplementary Benefits (available at an additional cost):
- Medipal: Covers hospitalisation expenses due to illness or accident.
- Cancer Protection: Provides financial support if you are diagnosed with cancer, with benefits based on the stage of illness.
- Medical Second Opinion: Offers global access to specialist advice for accurate diagnosis and treatment planning.
Payment Frequency
- Minimum annual payment: PKR 250,000
Eligibility
- Available to all Bank Alfalah customers aged 18 to 65 years.
Term of Plan
- Minimum term: 10 years
- Maximum term: 57 years (subject to maturity at age 75)
Claims Process
To make a claim, the beneficiary must contact Jubilee Life at (021) 111-111-554 and submit the following documents:
- Original policy documents
- Completed claim forms A, B, C, and D
- Full medical and treatment record, including clinical notes
- Death certificate issued by hospital and NADRA
- Attested CNIC of life assured and claimant(s)
- Written intimation including date and cause of death
For cases of murder, suicide, or accidental death, the following are also required:
- Post-mortem or autopsy report (attested)
- Newspaper cutting of the event (attested)
- Police FIR (attested)
- Medico-legal report (attested)
Additional documents may be required depending on the case.
Disclaimer
This product is underwritten by Jubilee Life Insurance Company Limited. Bank Alfalah Limited and its affiliates do not guarantee or insure this plan.