Easypaisa Kamyab Mustakbil Plus

Telenor Bank has re-vamped* its First Term Takaful Life Insurance plan in collaboration with EFU Life Assurance - Window Takaful Operations and now offers ‘KAMYAB MUSTAQBIL PLUS’ which offers Shariah based term life insurance, minimal annual premium and other huge benefits. *Previously Kamyab Mustaqbil plan was offered which is now improved and offered as ‘Kamyab Mustaqbil Plus’.

This product offers Shariah based term life insurance, minimal annual premium and other huge improved benefits

The key features of Easypaisa Kamyab Mustaqbil Plus are as follows:

  • Sharia compliant term Takaful plan
  • Minimal annual contribution
  • Takaful coverage with attractive benefits
  • Flexibility of subscribing among various options

Product Pricing:

Through Easypaisa Kamyab Mustaqbil Plus plan:

  • Participants (covered members) can pay a Contribution and get Takaful Death Benefit coverage of up to PKR 1,250,000 (1,000, 000 on natural death, while additional 250,000 in case of accidental death) for buying maximum number of 10 units
  • Each unit costs Rs. 700 to a customer
  • The coverage is in the form of units. Participant (covered member) can contribute for maximum 10 units
  • Easypaisa Kamyab Mustaqbil Plus Takaful plan is valid for one year from date of premium payment

Details of the units are mentioned below:

Kamyab Mustaqbil Plus

Units

Cost

Coverage on Natural death

Additional coverage on Accidental death

Additional benefit of Accidental Medical Reimbursement

Total Coverage

1

700

100,000

25,000

5,000

130,000

2

1,400

200,000

50,000

10,000

260,000

3

2,100

300,000

75,000

15,000

390,000

4

2,800

400,000

100,000

20,000

520,000

5

3,500

500,000

125,000

25,000

650,000

6

4,200

600,000

150,000

30,000

780,000

7

4,900

700,000

175,000

35,000

910,000

8

5,600

800,000

200,000

40,000

1,040,000

9

6,300

900,000

225,000

45,000

1,170,000

10

7,000

1,000,000

250,000

50,000

1,300,000

*All amounts are mentioned in PKR.

** For instance, by paying PKR 7,000 a customer can get total coverage of PKR 1,300,000 which includes 1,000,000 in case of Natural Death and 250,000 additional in case of Accidental death while 50,000 can be only claimed in case of Accidental Medical costs are incurred.

Who can subscribe?

  • All Easypaisa customers
  • Enrollment Age: 18 to 64 years (One Customer can buy only up to 10 units in one year; from the date of last payment deduction)
  • Coverage Age: 18 to 65 years

Product Availibilty:

Currently ‘Kamyab Mustaqbil Plus’ is available through ‘Outbound sales’ channel only.

What is not covered in Kamyab Mustakbil Plus Plan?

  • For Natural Death Coverage:

            In case of death due to Suicide or Self Inflicted Injury, participant will not get Death Benefit

  • For Accidental Death Coverage & Accidental Medical Reimbursement:

            Any Pre-existing Conditions contracted due to accident or bodily injury prior to commencement of cover under this policy.

Willful self-inflicted injury while sane or insane or unreasonable failure to seek or follow medical advice, effect of alcohol or any drug, poison, gas or fumes, voluntarily or involuntarily taken

 

 

Claim Process:

As soon as a claim occurs, (for death or medical reimbursement), please intimate to Easypaisa’s dedicated helpline 3737 (for Telenor SIM card holders) OR 042-111003737 (for Non-Telenor SIM card holders) EFU Life-Window Takaful Operations representative will handle all the Takaful claims in order to provide efficient claims servicing to Easypaisa customers. These services will be hassle free and within the terms and conditions of Term Takaful Policy. All the Takaful claims will be processed and settled in a time bound manner (21 working days from the days of receipt of customer documents to EFU from Easypaisa Team). Insurance company (EFU) will perform checks and process the claim: Customer’s family will be contacted by EFU during this process for relevant documentation and queries (if any). Following documents shall be required by EFU Life - Window Takaful Operations in case of death claims:

• Copy of death certificate issued by NADRA or union council.

• Copies of National Identity Card of deceased and the claimant.

• Claimants Statement.

• Succession Certificate & Original Guardianship Certificate (in case the beneficiary is a minor).

• Any other document deemed to be required during the claim investigation process by EFU Life Assurance.

Service Charges:

Customers will only pay the contribution amount. No other charges will be applicable.

Terms and Conditions:

Click Here’ to read detailed terms and conditions.

Shariah Compliance:

Click Here’ to check the Shariah Compliance Certificate.

Disclaimer:

Kamyab Mustaqbil Plus Plan is a Takaful product underwritten, issued and subject to the terms and conditions set by EFU Life – Window Takaful Operations, a window Takaful operator having its principal office in Pakistan at EFU Life – Window Takaful Operations, EFU Life House, Plot No. 112, 8th East Street, Phase I, DHA, Karachi, Pakistan.

Telenor Microfinance Bank Limited (Formerly Tameer Microfinance Bank Limited) has agreed to act as a corporate Takaful agent of EFU Life-Window Takaful Operations.

Term Takaful Plan is only the name of the product and does not, in any way, indicate the quality of the product. Telenor Microfinance Bank is only acting as agent of EFU Life – Window Takaful Operations.

EFU Life-Window Takaful Operations as the Window Takaful Operator is solely responsible for the policy documentation, its pricing, risk assessment, related documentation and claims/liabilities under the Takaful policy.

Telenor Microfinance Bank will not be responsible in any manner whatsoever with regards to the claim or liabilities under the policy if your application or claim is rejected by EFU Life – Window Takaful Operations nor will investigate or provide any opinion on the merits of the claim. Waiting period of 30 Days will apply in case of self-registration, for natural death only.

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