The Danish Education Plan helps you secure your child’s future by ensuring their education is funded even in case of unforeseen events. With this plan, you can prepare today to give your children every opportunity to succeed.
This plan is offered by IGI Life – Window Takaful Operations and is available exclusively through Bank Alfalah branches.
Features and Benefits
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Secure Contributions
At maturity, you receive the full Participant Investment Account (PIA) value accumulated during the plan’s term. -
Flexible Coverage
Choose the sum cover that fits your needs.
Example: If your annual contribution is PKR 100,000 and you choose a cover multiple of 10, your total sum cover will be PKR 1,000,000. -
Family Protection
In case of death during the plan term, beneficiaries receive both the sum assured and the accumulated cash value. -
Investment Options
Select from Aggressive, Balanced, or Conservative strategies. Expert managers handle your investments to ensure strong returns with manageable risk.
Payment Frequency
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Minimum basic contribution: PKR 25,000
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Contributions can be made annually, semi-annually, or quarterly
Eligibility
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Available to Bank Alfalah customers aged 18 to 55 years
Term of Plan
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Minimum term: 10 years
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Maximum term: 25 years (up to age 65 at coverage maturity)
Claims Process
To make a claim, submit the following to IGI Life:
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Completed claimant’s statement (Download Form)
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Completed physician’s statement (Download Form)
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Original or attested Union Council death certificate
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Copy of hospital death certificate
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Original policy document
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Complete medical and treatment record of the deceased
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Copies of CNICs of deceased and beneficiary
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Attested copy of FIR or police report (in case of accident)
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Attested copy of post-mortem report (in case of accident)
Additional documents may be required depending on the case.
Disclaimer
The Danish Education Plan is underwritten by IGI Life – Window Takaful Operations. Bank Alfalah Limited and its affiliates do not guarantee or insure this plan.