Products & Partners

Unit link Adamjee Life – Window Takaful Operations, with an aim to add value to society, came up with a unique Family Takaful product that in addition to the takaful coverage from Waqf, offers opportunities for saving and investment in a Shariah Compliant way, so that the financial needs in future like education and marriage can be seamlessly fulfilled.

Membership Terms & Eligibility

The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 70 years of age.

Basic Plan Contribution

The mode wise minimum contribution is as given in the table below:

Payment Mode Min Basic Contribution

There is no maximum limit for the contribution.

Adhoc

By depositing a minimum payment of Rs. 10,000/- (over and above your regular contribution) you can enhance the growth of your invested capital through Top up. Top Up payment which has no upper limit will be allocated at 103% in the unit account and can be made & withdrawn anytime during the certificate term to boost your accumulated cash value.

Unit Allocation

Basic Contributions are allocated as per the schedule shown below.

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Funds

Membership holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception. The funds available are:

Our low risk funds include:

Taameen Fund (Income Fund):

Low risk fund with aim to offer regular and steady returns from investment in wide variety of shariah compliant debt securities including bank deposits, government securities etc. without any exposure to corporate bonds and equities.

Our medium to high risk funds include:

Saman Fund (Balanced Fund):

Medium risk fund with aim to provide growth in investment value by investing in shariah compliant debt-instruments, equities and real estate.

Maza’af Fund (Aggressive Fund):

High risk fund with aim to earn higher returns in medium to long term by investing in diversified mix of shariah compliant equities, debt instruments and real estate.

Free built-in Pilgrimage Coverage*

PKR 2 Million Coverage on Accidental Death during Hajj. *Coverage will be terminate when person covered reached Age 65.

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.

Product Charges

Application charges are as follows:

Surrender

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid.

Compulsory Rider

Built-in Supplementary Benefit

Waiver of Contribution – Death Benefit

Offers in-built Waiver of Contribution – Death benefit, according to which, on Death of the insured person, Adamjee Life – WTO Waqf will pay the lower of initial (un-escalated) basic contribution or the last basic contribution paid by the participant for the remaining contribution paying term of the certificate. This certificate can be opted by parents to achieve expected amount at maturity which can be used to pay for higher education or marriage of their children.

Optional Rider

You can enhance the Protection Benefit by selecting any or all of the following optional Supplementary Benefits subject to payment of additional contribution.

Spouse Protection Supplementary Benefit

In the unfortunate event of the death of the covered person’s spouse during the enforce term of this Supplementary Benefit, the Supplementary Benefit’s sum covered is payable.

Level Term Supplementary Benefit

The feature guarantees as lump sum amount payable to the chosen beneficiary in case of death of the person covered.

Critical Illness Supplementary Benefit

A lump sum benefit is paid to you in case you are diagnosed with one of the listed 20t diseases during the enforce term of this Supplementary Benefit. The lump sum benefits additional to your main certificate benefit.

Accidental Death & Disability

A lump sum benefit is paid to you or your chosen beneficiary in case of accidental death & disability

Waiver of Contribution Supplementary Benefit (WOC-Disability)

On total permanent disability of the person covered, AL – WTO will pay the initial (un-escalated) basic contribution for the remaining term of the supplementary benefit or earlier recovery or death.

Monthly Income Benefit

On the death or permanent and total disability of the person covered due to accident or sickness during the in-force term of this supplementary benefit, AL – WTO shall pay a monthly income benefit for the remaining term of this Supplementary Benefit or earlier recovery or death.

Disclaimer

This product is underwritten by Adamjee Life Assurance Co. Ltd.-WTO It is not guaranteed or insured by “Bank” or its affiliates and it is not a product of the Bank.

Adamjee Life’s – (Window Takaful Operations) Adamjee Life WTO Parvaaz Takaful Savings Plan is a flexible unit link Investment Family Takaful Plan which provides both protection and savings. It ensures that your savings are invested in fully Shariah Compliant investment funds according to your risk appetite.

Membership Terms & Eligibility

The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 70 years of age.

Basic Plan Contribution

The mode wise minimum contribution is as given in the table below:

Payment Mode Min Basic Contribution.

There is no maximum limit for the contribution.

Adhoc

By depositing a minimum payment of Rs. 10,000/- (over and above your regular contribution) you can enhance the growth of your PIA through top -up. Top-up payment which has no upper limit will be allocated at 103% in the PIA and can be made and withdrawn anytime during the certificate term to boost your accumulated cash value.

Unit Allocation

Basic Contributions are allocated as per the schedule shown below.

Note: For a better understanding in making your selection according to your needs, you may visit at your nearest Habib Metropolitan Bank Limited branch.

Funds

The funds available are:

Our low risk funds include:

Taameen Fund (Income Fund):

Low risk fund with aim to offer regular and steady returns from investment in wide variety of shariah compliant debt securities including bank deposits, government securities etc. without any exposure to corporate bonds and equities.

Our moderate to high risk funds include:

Saman Fund (Balanced Fund):

Medium risk fund with aim to provide growth in investment value by investing in shariah compliant debt-instruments, equities and real estate.

Maza’af Fund (Aggressive Fund):

High risk fund with aim to earn higher returns in medium to long term by investing in diversified mix of shariah compliant equities, debt instruments and real estate.

Free built-in Pilgrimage Coverage*

PKR 2 Million Coverage on Accidental Death during Hajj.*Coverage will be terminate when person covered reached Age 65.

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.
• The cash value of units.

Product Charges

Application charges are as follows:

Surrender

Membership holder has the option to surrender my membership before the completion of membership term, I will receive my current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid.

Compulsory Rider

Spouse Protection Supplementary Benefit

In the unfortunate event of the death of the covered person’s spouse during the enforce term of this Supplementary Benefit, the Supplementary Benefits’ sum covered is payable.

Level Term Supplementary Benefit

The feature guarantees as lump sum amount payable to the chosen beneficiary in case of death of the person covered.

Critical Illness Family Takaful Supplementary Benefit

On occurrence of one of the listed diseases during the in-force term of this supplementary benefit, the supplementary benefit’s sum covered is payable to the person covered.

Accidental Death & Disability Supplementary Benefit

On accidental death or permanent and total disability due to accident of the person covered during the in force term of this supplementary benefit, the supplementary benefit’s sum covered is payable. In case of permanent total/par􀆟al disability, the
sum covered is payable according to the Schedule stated in the Provisions.

Waiver of Contribution Supplementary Benefit (WOC-Disability)

On permanent and total disability of the person covered, Adamjee Life WTO Waqf will pay the initial (un-escalated) basic contribution for the remaining term of the supplementary benefit or earlier recovery or death on behalf of participant.

Waiver of Contribution Supplementary Benefit (WOC-Death)

On the death of the person covered, AL – WTO Waqf will pay the initial (un-escalated) basic contribution for the remaining term of the Supplementary Benefit. The Beneficiary will receive the maturity benefit at the end of the certificate term.

Monthly Income Family Takaful Supplementary Benefit

On death or permanent and total disability due to accident or sickness of the person covered during the in-force term of this supplementary benefit, a fixed monthly amount is payable for the remaining term of the supplementary benefit or earlier
recovery (in case of disability)

Level Term Family Takaful Supplementary Benefit

On death of the person covered during the in-force term of this supplementary benefit, the supplementary benefit’s sum covered is payable.

Disclaimer

This product is underwritten by Adamjee Life Assurance Co. Ltd. -WTO It is not guaranteed or insured by “Bank” or its affiliates and it is not a product of the Bank.

Brochure

Efu Takaful Asaan Bachat Plan

EFU Life – Window Takaful Operations brings to you EFU Takaful Asaan Bachat Plan (Savings Plan). A plan that gives you financial security for your family with investment in Shariah complaint portfolio and rewards you with a lifestyle you have dreamt. This plan is an economic way of achieving your financial objective without compromising on religious values.

Benefits:

Death Benefit: In case of an unfortunate event of death during the Membership term, the Takaful benefit will be payable as follows:

• The greater of the Sum Covered OR Cash Value of units against basic contribution
  Plus
• The Cash Value of units allocated against the Fund Acceleration Contributions.

Maturity Benefit: At the end of the membership term and whilst the participant is alive, the maturity benefit will be payable as follows:

• The Basic cash value of Participant’s Investment Account (PIA) Plus
• The cash value from Fund Acceleration Contributions in the Participant’s Investment Account.

Contribution Allocation:

Year-wise allocation percentages of the participant’s contribution are shown in the table below:

Note: For a better understanding in making your selection according to your savings and needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Eligibility

The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 65 years of age.

Fund Acceleration Contribution (FAC):

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where policy is active. The minimum FAC payable is PKR 20,000 per payment.

Tax Rebate:

You can save up to 20% of your taxes and get takaful coverage. On EFU Life website, you can use tax credit calculator to find the amount you can save. For more details visit below link:

https://www.efulife.com/m/taxcalculator/indexCopy.php

Claim:

In case of an unfortunate event, you may file your claim intimation through any HMB Branch walk in (in case of Bancassurance Policies), visiting the EFU Head Office or by visiting any of the EFU branches in the country. For a swift speedy process, you may also call us at our call center (021-111-338-436) or simply
visit our website, fill in the intimation form and email it to us at cod@efuhemayahtakaful.com. Thereafter, you will be contacted for next steps.

Disclaimer:

This product is underwritten by EFU Life – Window Takaful Operations.It is not guaranteed or insured by or its affiliates and is not a product of Habib Metropolitan Bank. Hence EFU Life – Window Takaful
Operations is responsible for all underwriting risk.

Brochure – English

Brochure – Urdu

Unit link EFU Life – Window Takaful Operations brings to you Efu Takaful Kamyab Mustaqbil Plan In order to give better education and dream marriage to your children you put all your effort and want them to achieve 100% success in every challenge that they will be facing in future. you will require a suitable financial plan that ensures you don’t compromise on your goals of your child’s future. EFU Life – Window Takaful Operations presents EFU Takaful Kamyab Mustaqbil Plan (Education & Marriage plan) which will help you to save systematically so that you can secure your child’s future needs.

Membership Eligibility

The plan is available to all HabibMetro Bank Limited customers between 18 to 65 years of age.

Basic Plan Contribution

The minimum annual basic Contribution is 20,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly.*There is no maximum limit for the Contribution.

Adhoc

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where Membership is active. The minimum FAC payable is PKR 20,000 per payment. 100% of FAC payment is allocated to purchase units.

Unit Allocation

Basic Contributions are allocated as per the schedule shown below.

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest HabibMetro Bank Limited branch.

Funds

Membership holder has no option to select a unit fund based on his risk preferences and investment objective at the Membership inception. The funds available are:

• Takaful growth Fund (Balanced Fund and Risk profile is Medium).
• Takaful Aggressive Funds (Aggressive Fund categories and risk profile is high).
• Takaful Conservative Growth Fund (Income Fund and Risk profile is low).
• Multiple Fund (Under this option customer have a facility to select a mix of two unit linked funds of the plan, its mean that the funds split can be of 90/10, 80/20, 70/30,60/40,50/50).

Product Charges

Application charges are as follows:

Benefits:

Continuation Benefit: In the unfortunate event of death prior to the maturity of the plan, you would want to make sure that the future plans for your children are still fulfilled. The Continuation Benefit which is built into
the plan will ensure that all future contributions will be paid by the PTF following the participant’s death until the plan’s maturity date. This means that the funds that you had planned for will still be available for your children.

Maturity Benefit: At the end of the membership term and whilst the participant is alive, the maturity benefit will be payable as follows: The Basic cash value of Participant’s Investment Account (PIA) Plus The cash value from Fund Acceleration Contributions in the Participant’s Investment Account.

Surrender

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.

Optional Rider

Takaful Accidental Death and Disability Plus Benefit*: This rider provides an additional lump sum benefit in case of an accidental death or disability (permanent & total) that makes you permanently disabled.

Takaful Income Benefit: This benefit ensures that a monthly income is paid to the family in case of the unfortunate death of the participant during the plan term.

Pilgrimage Benefit During the Plan term, if the Participant travels for religious pilgrimage, EFU Life – WTO offers coverage on death due to an accident while performing pilgrimage (Hajj, Umrah or Ziarat- religious journey etc.) The coverage under this accidental benefit will be 100% of the Main Plan Sum Covered, subject to a maximum limit of PKR 1,000,000. This feature will be applicable for an additional period of 13 months from the date of maturity or from the date of full surrender.

Takaful Waiver of Contribution Benefit:

In case the individual is unable to follow his/her occupation due to disability because of sickness or accident, the contribution of the plan would be made by WAQF Fund/PTF managed by EFU Life-WTO.

Takaful Return of Contributions Benefit The Return of contribution Benefit is a unique rider offered to prospective EFU Hemayah Takaful participants. This rider enhances your coverage by giving you an extra benefit. In an unforeseen event of death of the life covered, the beneficiary will not only receive the death benefit, but will also be able to receive the total amount of paid contribution as a benefit from the Waqf fund (PTF) excluding the contribution paid for the ROCB rider.

Disclaimer

Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers

Securing your future financial stability is of utmost importance. Habib Metropolitan Bank with Jubilee Life Insurance – Window Takaful Operations aims to provide you with a plan that assists you in achieving that. ‘Jubilee Assured Savings Takaful Plan’ accumulates funds while providing you with Takaful Coverage which can benefit you later in your life. Whether it is for your children’s education, to purchase a house, for retirement, or a rainy day, this financial planning is necessary. The plan will thus help you secure your future by preparing for it in an efficient way.

Policy Terms & Eligibility

The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 65 years of age.

Basic Plan Premium

The minimum annual basic Contribution is 24,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly. *There is no maximum limit for the Contribution.

Adhoc

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where membership is active and top up the regular investment.

Unit Allocation

Basic Premiums are allocated as per the schedule shown below.

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Funds

Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception.
The funds available are:

• Jubilee Life Balance funds (Balanced Fund is classified as having medium Risk profile).
• Jubilee Life Government Security Funds (Sustainable return and fund having low risk profile).

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.

Product Charges

Application charges are as follows:

Surrender:

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. Customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.

Built in Benefit

Death Benefit:

If the life covered expires during the term of the membership, the nominee will get Sum Covered or accumulated cash value, whichever is higher. The range of Cover Multiples offered under this plan is 5 – 254, hence, your Sum Covered can be 5 to 254 times of your annual basic contribution, depending upon underwriting outcomes.
For example, if your annual basic contribution is PKR 24,000 and you have selected a cover multiple of 5, your total sum covered would be: 24,000 x 5 = *PKR 120,000
*The range of cover multiples available to the participant varies with the age at entry of the life covered and underwriting outcome.

Maturity Benefit:

You will receive an amount accumulated in Participants Investment Account (PIA), at the time of maturity of the membership. For further information, you may consult our Takaful Consultant.

Optional Benefits

Jubilee Assured Savings Takaful Plan is a flexible plan that lets you select additional optional benefits based on your needs.

Accidental Death Supplementary Takaful Benefit:

An amount in addition to the basic plan, death benefit will be paid to the beneficiary or beneficiaries chosen by you in case of accidental death.

Critical Illness Supplementary Takaful Benefit

This Supplementary Takaful Benefit advances the benefit covered under basic plan in case of diagnosis of one of eighteen specified critical illnesses.

Permanent and Total Disability Supplementary Takaful Benefit

This Supplementary Takaful Benefit advances VAL the benefit covered under the basic plan in case of permanent and total disability.

Accidental Death or Dismemberment Supplementary Takaful Benefit

This Supplementary Takaful Benefit pays out in case of death or dismemberment due to accident, paying out complete or partial benefits depending on severity of the dismemberment.

Waiver of Contribution Supplementary Takaful Benefit

Your contribution from the next contribution due date will be paid by Jubilee Family Takaful, should you suffer an illness and disability and are not able to follow your own occupation or any other occupation suited by your knowledge, training or
education qualification for at least 6 months.

Family Income Supplementary Takaful Benefit

Provides you with the option of Family Income Benefit which ensures that in future your family will be able to maintain a good standard of living through a secure income provided to your family in case of sad demise of the Life Covered.

Disclaimer

Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers

Brochure

Retirement is a time in a person’s life when they seek for the peace of mind to put aside their worries and daily hassles to enjoy the remaining years of their life. They should be able to cover their living expenses, which will have increased along their lifetime, so that they can look after themselves as they watch their kin grow and prosper.

Policy Terms & Eligibility

The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 55 years of age.

Basic Plan Premium

The minimum annual basic Contribution is 24,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly. *There is no maximum limit for the Contribution.

Adhoc

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where membership is active and top up the regular investment.

Unit Allocation

Basic Premiums are allocated as per the schedule shown below.

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Funds

Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception.
The funds available are:

• Family Takaful Balance Funds (Balanced Fund is classified as having medium Risk profile).
• Jubilee Takaful Income Funds (Sustainable return and fund having low risk profile).

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.

Product Charges

Application charges are as follows:

Surrender:

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. Customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.

Built in Benefit

Death Benefit:

If the life covered expires during the term of the membership, the nominee will get Sum Covered or accumulated cash value, whichever is higher. The range of Cover Multiples offered under this plan is 5 – 254, hence, your Sum Covered can be 5 to 254 times of your annual basic contribution, depending upon underwriting outcomes. For example, if your annual basic contribution is PKR 24,000 and you have selected a cover multiple of 5, your total sum covered would be: 24,000 x 5 = *PKR 120,000 *The range of cover multiples available to the participant varies with the age at entry of the life covered and underwriting outcome.

Maturity Benefit:

You will receive an amount accumulated in Participants Investment Account (PIA), at the time of maturity of the membership. For further information, you may consult our Takaful Consultant.

Retirement Benefit at Maturity:

If you are aged 55 years or above at maturity, you have the option to use the accumulated cash value of your fund and enroll for a pension for life (determined at the time of plan maturity).

Optional Benefits

Jubilee Assured Savings Takaful Plan is a flexible plan that lets you select additional optional benefits based on your needs.

Accidental Death Supplementary Takaful Benefit:
An amount in addition to the basic plan, death benefit will be paid to the beneficiary or beneficiaries chosen
by you in case of accidental death.

Critical Illness Supplementary Takaful Benefit
This Supplementary Takaful Benefit advances the benefit covered under basic plan in case of diagnosis of one of eighteen specified critical illnesses.
Permanent and Total Disability Supplementary Takaful Benefit
This Supplementary Takaful Benefit advances VAL the benefit covered under the basic plan in case of permanent and total disability.
Accidental Death or Dismemberment Supplementary Takaful Benefit
This Supplementary Takaful Benefit pays out in case of death or dismemberment due to accident, paying out complete or partial benefits depending on severity of the dismemberment.

Waiver of Contribution Supplementary Takaful Benefit
Your contribution from the next contribution due date will be paid by Jubilee Family Takaful, should you suffer an illness and disability and are not able to follow your own occupation or any other occupation suited by your knowledge, training or
education qualification for at least 6 months.
Family income supplementary Takaful Benefits:
Provide you with the option of family income benefits which ensure that the future of your family will be able to maintain you family through a secure income provided to your family in case of sad demise of the life.

Disclaimer

Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers

Brochure

Planning for your children’s happiness is never something that can be taken lightly. Hopefully, your child’s future is bound to be full of security and stability and the ‘Jubilee Assured Marriage Takaful Plan’ provides you with just that.

Policy Terms & Eligibility

The plan is available to all Habib Metro Bank Limited customers between 18 to 65 years of age.

Basic Plan Premium

The minimum annual basic Contribution is 24,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly. *There is no maximum limit for the Contribution.

Adhoc

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where membership is active and top up the regular investment.

Unit Allocation

Basic Premiums are allocated as per the schedule shown below:

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Funds

Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception. The funds available are:

• Family Takaful Income Funds (Sustainable return and fund having low risk profile).
• Family Takaful Balanced Funds (Balanced Fund is classified as having medium Risk profile).

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.

Product Charges

Application charges are as follows:

Surrender:

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. Customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.

Optional Benefits

Jubilee Assured Savings Takaful Plan is a flexible plan that lets you select additional optional benefits based on your needs.

Accidental Death Supplementary Takaful Benefit:

An amount in addition to the basic plan, death benefit will be paid to the beneficiary or beneficiaries chosen by you in case of accidental death.

Critical Illness Supplementary Takaful Benefit

This Supplementary Takaful Benefit advances the benefit covered under basic plan in case of diagnosis of one of eighteen specified critical illnesses.

Permanent and Total Disability Supplementary Takaful Benefit

This Supplementary Takaful Benefit advances the benefit covered under the basic plan in case of permanent and total disability.

Accidental Death or Dismemberment Supplementary Takaful Benefit

This Supplementary Takaful Benefit pays out in case of death or dismemberment due to accident, paying out complete or partial benefits depending on severity of the dismemberment.

Waiver of Contribution Supplementary Takaful Benefit

Your contribution from the next contribution due date will be paid by Jubilee Family Takaful, should you suffer an illness and disability and are not able to follow your own occupation or any other occupation suited by your knowledge, training or education qualification for at least 6 months.

Family income supplementary Takaful Benefits:

Provide you with the option of family income benefits which ensure that the future of your family will be able to maintain you family through a secure income provided to your family in case of sad demise of the life.

Disclaimer

Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers.

Brochure

Providing top notch education to your children is the greatest gift you can give them. It is an invaluable opportunity that will benefit them greatly for their entire lives. If, for some unforeseen reason, you find yourself in a position where you’re unable to provide this prospect for your kin, it would be crucial for you to have a sense of security that your children’s future is safeguarded.

Membership Terms & Eligibility

The plan is available to all Habib Metro Bank Limited customers between 18 to 55years of age.

Basic Plan Contribution

The minimum annual basic Contribution is 24,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly. *There is no maximum limit for the Contribution.

Adhoc

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where membership is active and top up the regular investment.

Unit Allocation

Basic Premiums are allocated as per the schedule shown below.

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Funds

Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception. The funds available are:

• Family Takaful Balance Funds (Balanced Fund is classified as having medium Risk profile).
• Jubilee Takaful Income Funds (Sustainable return and fund having low risk profile).

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.

Product Charges

Application charges are as follows:

Surrender:

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.

Built in Benefit

Death Benefit:

If the life covered expires during the term of the membership, the nominee will get Sum Covered or accumulated cash value, whichever is higher. The range of Cover Multiples offered under this plan is 5 – 254, hence, your Sum Covered can be 5 to 254 times of your annual basic contribution, depending upon underwriting outcomes.
For example, if your annual basic contribution is PKR 24,000 and you have selected a cover multiple of 5, your total sum covered would be: 24,000 x 5 = *PKR 120,000
*The range of cover multiples available to the participant varies with the age at entry of the life covered and underwriting outcome.

Maturity Benefit:

You will receive an amount accumulated in Participants Investment Account (PIA), at the time of maturity of the membership. For further information, you may consult our Takaful Consultant.

Built-in Benefit:

Jubilee Assured Education Takaful Plan comes with built-in Education Continuation Takaful Benefit which ensures that your children have access to the education you have always desired for them. An additional stream of regular income will be paid in addition to other benefits, in case of death of the life covered, which can be used for continuation of children’s education as planned.

Optional Benefits

Jubilee Assured Savings Takaful Plan is a flexible plan that lets you select additional optional benefits based on your needs.

Accidental Death Supplementary Takaful Benefit:
An amount in addition to the basic plan, death benefit will be paid to the beneficiary or beneficiaries chosen
by you in case of accidental death.

Critical Illness Supplementary Takaful Benefit
This Supplementary Takaful Benefit advances the benefit covered under basic plan in case of diagnosis of one of eighteen specified critical illnesses.
Permanent and Total Disability Supplementary Takaful Benefit
This Supplementary Takaful Benefit advances VAL the benefit covered under the basic plan in case of permanent and total disability.
Accidental Death or Dismemberment Supplementary Takaful Benefit
This Supplementary Takaful Benefit pays out in case of death or dismemberment due to accident, paying out complete or partial benefits depending on severity of the dismemberment.

Waiver of Contribution Supplementary Takaful Benefit
Your contribution from the next contribution due date will be paid by Jubilee Family Takaful, should you suffer an illness and disability and are not able to follow your own occupation or any other occupation suited by your knowledge, training or
education qualification for at least 6 months.

Disclaimer

Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers.

Brochure