The Plan will consist of two parts i.e. Investment Portfolio and Takaful Coverage of (Death Due to Any Cause (DAC) & Accidental Medical Hospitalization (AMH)) Benefit Only

SFTL will provide Takaful Cover equivalent to the difference of goal amount and the amount of contribution made by the customer at the instance of death to a maximum cover of PKR 1,000,000.

Accidental Medical Hospitalization (AMH)

SFTL will provide Takaful Cover on re-imbursement basis equivalent to the 20% of Account value on the date of incident or PKR 10,000/= (whichever is lower) in case of MMBL customer who holds the Takaful coverage hospitalization (as Inpatient) due to an accident. In no circumstances (e.g; multiple accidental claims) the cover will exceed PKR 10,000/= during any goal period. Accidental Death Benefit will start immediately.

• Ready-made goal-based Investment (e.g. bike, mobile, car etc)
• Min age at entry 18 years (Attained)
• Max age at entry 59 years (Attained)
• Max age at expiry 60 years (Attained)
• Minimum Investment amounts: No Limit (subject to individual account limits)
• Minimum Goal Period: 2 Weeks
• Maximum Goal Period: 1 year

DAC (Non-Accidental Coverage) and Accidental Medical Hospitalization Coverage will commence after achieving 20% of the Sum Cover/ goal amount in individual participant’s account or 30 days waiting period whichever occurs later. However, Accidental Death Coverage starts from the day one of the plan commencement.

For cases above PKR 1 million Goal amount, the journey will require additional Underwriting Information and Takaful coverage will be applicable subject to approval by Salaam Family Takaful Limited

*For withdrawal, profit will be paid first and then the Principal Investment

• The return will be posted regularly even if the goal amount is achieved. It will only be stopped once the goal is closed. However, upon accomplishment of the goal amount, the Takaful coverage will be stopped permanently against the goal.
• An MMBL customer can fund money in the Investment Takaful Plan at any time, without affecting the goal target. Similarly, if the MMBL customer’s tenure or plan period is completed without fulfilling the goal amount, they can submit it at any point in time for investment. However, coverage will cease as soon as the MMBL customer closes on the goal or the initial investment timeline maturity is reached (whichever is earliest).
• Once the goal is set up by an MMBL customer, he/she cannot change the goal amount, or any other factor related to goal setup during the effective period of the active goal. For a new goal, the MMBL customer has to close the existing one, and then they can create a new goal as per applicable terms & conditions.
• DAC (Non-Accidental Coverage) and Accidental Medical Hospitalization Coverage will commence after achieving 20% of the Sum Cover/ goal amount in individual participant’s account or 30 days waiting period whichever occurs later. However, Accidental Death Coverage starts from the day one of the plan commencement. The Takaful coverage will be applicable for one goal only in case of multiple goal accounts on single life.
• Pre-Existing Conditions are excluded.
• Suicide is not covered.

• Claimant may file claim either with Jazz Cash helpline (4444 for Jazz users or 021 111 124 444 for OMNO users) or STL helpline (111 875 111).
• STL will decide the claims after completion of due requirements.
• STL will decide the claims after completion of due requirements
• Sunset clause shall be applicable for claims after 90 days of policy expiry

The Accidental Hospitalization (IP) Takaful Coverage provided hereunder does not cover any loss resulting from or caused directly or indirectly, wholly or partly, by:

• Intentional self-inflicted injury, participation in any criminal act, violation of law.
• Failure to seek or follow medical advice, taking of alcohol or drugs.
• Disease and incapacity or bodily injury which existed prior to this assurance.
• Atomic energy explosions of any nature whatsoever.
• War, invasion, act of foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection by military or usurped power, riot or civil commotion, an illegal organization or an industrial dispute, martial law or state of siege, or any acts of any person acting on behalf of or in connection with any organization actively directed towards the overthrow by force of any Government or to the influencing of it by terrorism or violence.
• Participating or practicing a dangerous sport, including big game shooting, hang-gliding, hot air ballooning, parascending, steeple chasing, polo playing, horse racing, underwater diving, power boat racing, mountaineering, rock climbing, caving, pot holing and all forms of motor sports and motorcycle sports, including time trials and hill climbs.
• Participating in exercises or operations while serving with either of the armed or paramilitary forces or while performing any form of police duty.
• Entering, servicing, operating, traveling in or ascending into or descending from any aircraft or aerial device except as a fare paying passenger on a licensed commercial airline flying on a regular scheduled flight.

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