Insurance

JazzCash Beema

JazzCash-AnnualBeema-684-final-kashi

JazzCash Beema is a simple yet unique life insurance policy, designed to provide financial protection to the family and dependents of the Beema policyholder in case of his/her unfortunate demise.

JazzCash Beema offers two plans:

  1. Annual Beema plan – PKR 300 only
  2. Mobile Accounts Savings Beema plan

By subscribing Beema, customers can ensure the future financial security of their families and dependents. This service can be subscribed through your JazzCash Mobile Account.

Benefits:

  • Simple and easy to understand coverage
  • Fast electronic claims processing
  • Generous cash benefit
  • Cost effective
  • Annually renewable

JazzCash, in partnership with MicroEnsure Pakistan, brings “Beema” for its valuable customers. This simple and affordable product provides financial relief to the family and dependents of the Beema policyholder in case of his/her unfortunate demise. JazzCash Beema provides financial coverage of up to Rs. 200,000 for an annual premium of Rs.300 only.

The following grid provides the insurance coverage amounts and annual premium:

Charges for one year (Rs.) 300
Cash Benefit in case of loss of life (Rs.) 100,000
Additional Cash Benefit in case of loss of life due to accident (Rs.) 100,000

 

  • Natural and Accidental Life Insurance cover:
    • Terrorism coverage**
    • Complete coverage during riots & strikes **
    • Additional financial benefit in case of accidental death

** In these circumstances, the natural death benefit will only be applicable

 

A Simple Signup Process

  • JazzCash Mobile Account customers can subscribe to JazzCash Annual Beema by simply dialing *786*8*4#
  • Customers who do not have a JazzCash Mobile Account can simply dial *786# from their biometrically verified Jazz SIM to open their Account.
    Once the Mobile Account is registered, they can subscribe to JazzCash Annual Beema by dialing *786*8*4#

For more information, please call 4444.

Terms and Conditions

  • Duration of the insurance is for 1 year from the date of enrollment
  • Enrolment Age Limit: 18 – 64 years
  • Exclusions: Suicide, death due to criminal and illegal act, death in first thirty (30) days of enrolment due to a pre-existing disease or accident
  • No additional benefit of accidental death will be paid in case of murder or travel to war inflicted areas

 Important Information

MicroEnsure Pakistan (Pvt.) Limited is providing administrative services for JazzCash Annual Beema. JazzCash Annaul Beema is underwritten by EFU Life Assurance Limited, which is registered and supervised by the Securities and Exchange Commission of Pakistan.

Mobilink Microfinance Bank and JazzCash are distributors of JazzCash Annual Beema. They are not responsible for paying claims to customers.

EFU Life Assurance Limited is the insurance company of JazzCash Annual Beema and responsible for paying claims. The address of EFU Life Assurance is:
EFU Life House, Plot No. 112, 8th East Street, Phase I, DHA, Karachi – 75400.

Telephone: 021 – 111 338 111

JazzCash, in partnership with Adamjee Life Assurance Co. Ltd,  offers “JazzCash Savings Beema” for its Mobile Account customers. JazzCash Mobile Account customers, upon saving Rs. 2,000 or more in their JazzCash Mobile Accounts, can get Life and Accidental Death Insurance of up to Rs. 1.3 Million absolutely free. The amount of the insurance depends upon the monthly average balance maintained in the JazzCash Account. Hence, higher the balance, higher will be the insurance coverage.

The following grid provides the insurance coverage amounts:

 Plan Name Mobile Account Balance Natural Death Benefit Accidental Death Benefits***
Life Lump sum Monthly Benefit
Plan A 2,000 – 5,000 50,000 100,000
Plan B 5,001 – 10,000 100,000 200,000
Plan C 10,001 – 25,000 250,000 500,000 2,500 / month for 5 years
Plan D Above 25,000 500,000 1,000,000 5,000/month for 5 years

***Funeral benefit of Rs.5,000 payable for all accidental death cases in addition to the benefit
***Subject to terms and conditions

  • Natural and Accidental Life Insurance cover:
    • Terrorism coverage**
    • Complete coverage during riots & strikes **
    • Additional financial benefit in case of accidental death

** In these circumstances, the natural death benefit will only be applicable

Simple Signup Process

  • Existing JazzCash Mobile Account customers can subscribe to JazzCash Savings Beema simply by dialing the JazzCash helpline (4444) and placing a subscription request. You will be required to provide the name and valid CNIC number of the intended beneficiary on call.
  • Customers who do not have a JazzCash Mobile Account can simply dial *786# from their biometrically verified Jazz number to open a JazzCash Mobile Account. Once the mobile account is registered, place a call to 4444 to subscribe to JazzCash Savings Beema.

Terms and Conditions

  • Subscribers will have to maintain an average monthly balance of Rs. 2,000 in their JazzCash Mobile Account to become eligible for the free Life and Accidental Death Insurance.
  • Duration of the insurance is for 30 days and it will be provided in the month following the average balance maintenance month.
  • Age Limit for JazzCash Beema:
    • Minimum Entry Age: 18 years (nearest birthday)
    • Maximum Entry Age: 59 years (nearest birthday)
    • Maximum Coverage Age: 60 years (nearest birthday)
  • Exclusions:
    • For Natural Death
      • Intentional self-inflicted injury, participation in any criminal act, violation of law
      • Failure to seek or follow medical advice, taking of alcohol or drugs
      • 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, direct participation in riots or civil commotion
    • For Accidental Death
      • Murder (if the assured is a victim, benefit under natural death will be payable)
      • Claims arising due to insured travelling in war inflicted areas

Services Charges

JazzCash Savings Beema is free of charge for JazzCash Customers.

Important Information

JazzCash Savings Beema is underwritten and managed by Adamjee Life Assurance Co. Ltd. which is registered and supervised by the Securities and Exchange Commission of Pakistan.