Term Life Insurance

Introduction:

For the first time, Jazz Cash in collaboration EFU brings “Term Life Insurance” – An innovative Life and Health Protection facility for its customers.

The plan offers a convenient and secure way to purchase life and health Insurance plans. Get the assurance of life and health coverage without going through lengthy paperwork or seeking prior approval. Keep your peace of mind with the security that you and your loved ones are taken care of with just one purchase. It covers the financial needs to ensure life and health coverage for you. You can purchase these Insurance plans using your Jazz Cash Mobile Accounts instantly. With this hassle-free and straightforward service, customers no longer need to go through time-consuming documentation processes, carry life and health Insurance cards or seek permission before treatment.

Product Features:

Provides a pre-determined sum of money to beneficiaries if the insured passes away due to natural causes (illness, old age).
Covers medical expenses incurred from injuries due to accidents.
Includes hospital stays, surgeries, medications, and other related costs.
Alleviates the financial burden of unexpected medical expenses.
Offers a payout that is twice (2x) the standard benefit amount for accidental death.
Provides increased financial support to beneficiaries in case of accidental death compared to natural death.
May include provisions for critical illness coverage, disability benefits, or other forms of financial assistance.

Product Details

Lump Sum Payment for Natural Death: Financial support for the beneficiaries in the event of the insured’s natural death.
Accidental Medical Reimbursement: Coverage for medical expenses resulting from accidental injuries.
Enhanced Benefit for Accidental Death: A higher payout amount (2x) for accidental deaths compared to natural deaths.
Potential Living Benefits: Additional support for the insured in case of critical illnesses or disabilities.

Features:

Financial protection in case of natural or accidental death
Reimbursement of medical expenses in case of an accident
Provides Lump Sum benefit to the family of the customer in case of death.
No condition of getting admitted to the hospital.
Generous cash benefit amounts
Simple and easy-to-understand coverage.
Fast and digital claims processing

Natural Death	Rs. 500,000
Accidental Death Benefit	Rs. 1,000,000
Accidental Medical Reimbursement	Rs. 10,000
Annual Premium	Rs. 2,000
Monthly Premium	Rs. 200
Daily Premium	Rs. 10

A simple sign-up process

You can sign up easily via the JazzCash app

Terms & Conditions

The insurance duration is one year from the date of enrollment.
Age Limit for enrollment: 18 – 55 years
Age Limit for Coverage: 18 – 56 years

Exclusions

Conditions in which a claim is not payable:

For Natural Death:

In case of death due to suicide or self-inflicted Injury

For Accidental Death Coverage & Accidental Medical Reimbursement:

Any pre-existing conditions contracted due to accident or bodily Injury before the commencement of cover under this policy.
Murder, Suicide, self-inflicted Injury, participation in a criminal act, or violation of the law

Value Added Benefits

Double Benefit:Two-time more benefits than natural death in case of accidental death.

Medical Reimbursement Without Hospitalization:Accidental medical expenses can be reimbursed without the condition of getting admitted into the hospital.

Important Information

Term Takaful is underwritten by EFU Life-WTO, registered, and supervised by Pakistan’s Securities and Exchange Commission. EFU Life-WTO is responsible for paying claims. The address of EFU Life Assurance is:

EFU Life House, Plot No. 112, 8th East Street, Phase I, DHA, Karachi

Mobilink Microfinance Bank and Jazz Cash are the EFU Term Takaful Plus Plan distributors and are not responsible for paying claims to customers.

FAQ`s

When does the coverage start for the assured member?

The moment they are enrolled in the plan, their coverage will start.

If the customer is not admitted to the hospital, will he get medical reimbursement?

Only in case of accidental medical reimbursements can the customer claim the reimbursement; he does not need to be admitted to the hospital for this reimbursement.

Under what conditions the claim will not be paid?

Suicide and attempt to suicide, self-inflicted injury, and illegal act of the customer. Participating in exercises or operations while serving with either armed or paramilitary forces or performing any form of police duty.

What is the criteria for covered events?

The plan provides coverage in the events of natural death, accidental death, and accidental medical expenses.

Who is covered for Accidental Medical Reimbursement benefit?

The member who has purchases the policy.

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You can sign up easily via the JazzCash app
The ‘Product Features’ and ‘Product Details’ on the page should be changed to the following