Income Protection Plan

Introduction:

Life is precious and beautiful.
However, it is full of uncertainties and unexpected events. Accidents can unfortunately happen anytime, anywhere and shatter a steady and comfortable family life.
The family breadwinner’s loss of life resulting from an unforeseen accident, can have serious financial consequences and suddenly derail all of life’s plans. To mitigate the devastating effects of such rare – but unfortunately possible – life events, JazzCash presents* Income Protection Plan which addresses a family’s immediate financial challenges in the event of such a tragic life event.

Product Features:

Financial Income Protection: Lumpsum payment of PKR 600,000 or Monthly Income of PKR 25,000 for two (2) years if JazzCash Account holder dies due to an accident**.
Accident Medical Expense: If JazzCash Account holder gets injured due to accident, he or she can get up to PKR 10,000 per year with sublimit of PKR 5,000 per event or per accident subject to waiting period of 15 days.
PKR 10,000 per year with sublimit of PKR 5,000 per event or per accident subject to waiting period of 15 days.
Scope of Cover: 24-hour Worldwide
Benefit Policy: Payable in addition to any other insurance policy in place
Paperless Enrolment Process: Paperless enrolment process allows enrolment in a matter of few minutes. No medical examinations are required for enrolment.
* This policy is underwritten by Chubb Insurance Pakistan Limited.
** This Policy does not cover natural death.

ANNUAL PLAN
FAQ

ANNUAL PLAN

JazzCash in partnership with Chubb Insurance Pakistan Limited, brings JazzCash Income Protection Plan providing financial coverage of PKR 600,000 (PKR 25,000 per month for two (2) years) in case of JazzCash Account holder’s Accidental Death.

The Plan also provides Accident Medical Expense up to PKR 10,000 per year with sublimit of PKR 5,000 per event if the JazzCash Account holder gets injured in an accident

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

One Time (Annual) Charges (Rs.)	1,500
Lumpsum Benefit (Rs.)	600,000
Accident Medical Expense (Rs.)	10,000 per year with sublimit of PKR 5,000 per event

- Inclusive of Terrorism
- No Medical Examination required to enroll
- Pays in addition to any other Policy you might have
- 24 hour Worldwide cover
- Paperless enrolment

A Simple Signup Process:

JazzCash Mobile Account customers can subscribe to JazzCash Income Protection Plan by simply dialing *786*7*3*1*3*1#
Customers who do not have a JazzCash Mobile Account can dial *786# from their biometrically verified Jazz SIM to open their JazzCash Account. Once the Mobile Account is registered, they can subscribe to JazzCash Income Protection Plan by dialing *786*7*3*1*3*1#
JazzCash Mobile Account customers can also subscribe to JazzCash Income Protection Plan by simply calling 051 8700315 from Jazz mobile phone or by calling toll free number 0800 54321 or (021) 111 789 789 or email: pakistan@chubb.com

Terms and Conditions

Duration of the insurance is for 1 year, as per premium payment from the date of enrolment
Enrolment Age Limit: 18—70 years
A Policyholder shall not be covered under more than one Income Protection Plan offered by Chubb Insurance. In the event that a Policyholder is covered under more than one such Plan, Chubb will consider that person to be insured under the Plan first issued. Chubb will refund any duplicated insurance premium payment which may have been made by or on behalf of the Policyholder.
This is not a life policy and premiums will not accumulate. The policy does not have any maturity and the benefit will only be paid if accidental death or accidental bodily injury occurs during the coverage period.

Exclusions

Major Exclusions are:

Natural Death
Death or Disability due to pre-existing disease.
Pregnancy or Childbirth
Suicide
War
Military Service
Mental or Nervous Disorder
Drug Addiction and Alcoholism

Important Information

Income Protection Plan is underwritten by Chubb Insurance Pakistan Limited. Jazz Cash and Mobilink Microfinance Bank’ are distributors of Income Protection Plan and Chubb Insurance Pakistan Limited is responsible for handling and paying all the claims. For claims and to request the hardcopy of policy document, please call Chubb Insurance Pakistan Limited at nationwide toll-free number 0800 54321 or UAN 021-111-789-789 or email: Pakistan@chubb.com. Chubb Insurance Pakistan Limited is located at 6th Floor, NIC Building Abbasi Shaheed Road off Shahra-e-Faisal, Karachi.

FAQ

Does Income Protection Plan provide cover on Natural Death also?

Income Protection Plan provides 24 hour worldwide cover for Accidental Loss of Life and /or Accident Medical Expense. Loss of Life events like sniper firing, armed burglary, murder, drowning, falling from stairs are all covered. Natural Death due to disease or illness is not covered.

Claim Process:

For claims, please call Chubb Insurance Pakistan Limited at nationwide toll-free number 0800 54321 or UAN 021-111-789-789 or WhatsApp 0309 444 0557 or email: Pakistan@chubb.com
Or call our JazzCash helpline number 4444. Our representative will guide through the claim process.

Documents required for Claim:

Claim Form duly filled/completed
Copy of Policyholder’s CNIC
Copy of Beneficiary’s CNIC (if different)
Death Certificate from Union Council (in case of Accidental Death claim)
Copy of Succession Certificate from the Honorable Court which has jurisdiction to entertain the succession application of the Policyholder (in case of Accidental Death claim)
Evidence of Injury if available (in case of Accident Medical Expense claim)
Details of treatment provided (e.g Medical expense invoices) if available (in case of Accident Medical Expense claim)
Copy of hospital record
Copy of FIR (in case of police involvement)
Any other documents to support your claim (If any)

Claims are settled within seven (7) business days, after completed documents are received

Cancellation Process:

Customers can cancel their subscription anytime by dialing *786*7*3*2# or by calling 4444 from their mobile phone within fourteen (14) days to cancel annual policy and charges will be refunded immediately. If the policy is cancelled after 14 days, then the charges will not be refunded.

What are the major exclusions of this Policy?

Major exclusions include Natural death, death or disability due to pre-existing disease, Pregnancy or childbirth, suicide, war, military service, mental or nervous disorder, drug addiction & alcoholism.

For detailed policy document click here