Term Takaful

Introduction:

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

The plan offers a convenient and secure way to purchase life and health takaful 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 takaful 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 takaful cards or seek permission before treatment.

Product Features:

- Financial Protection: This plan provides a lump sum of up to Rs 200,000 in case of a customer’s natural death, three times the benefit of an Accidental Death of up to Rs 600,000, bundled with an Accidental Medical Reimbursement of up to Rs 10,000.
- Simple Enrolment Process: Paperless enrolment process allows enrolment in a few minutes. No medical examinations are required for enrolment.
- Takaful Coverage: A takaful product approved by Shariah Advisors to provide protection to Jazz Cash customers in the light of Shariah.

Product Details

JazzCash, in partnership with EFU Hemayah Takaful, brings Term Takaful for its customers to provide complete freedom in managing their life and health-related risks. This exciting new product frees customers from the hassle of paying monthly premiums upfront. Instead, they can now avail of this takaful financial protection by paying an annual premium.

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

One Time (Annual) Contribution	Rs. 1,600
Natural Death Benefit	Rs. 200,000
Accidental Death Benefit	Rs. 600,000
Accidental Medical Reimbursement	Rs. 10,000

A simple sign-up process

JazzCash Mobile Account customers can subscribe to Term Takaful by simply dialing *786*7*3*1*1# or via JazzCash App
Customers who do not have a JazzCash Mobile Account can dial *786# from their biometrically verified Jazz SIM to open their Account. Once the Mobile Account is registered, they can subscribe to Term Takaful by dialing *786*7*3*1*1# or via JazzCash App
JazzCash Mobile Account customers can also subscribe to JazzCash by calling 051-7080507 from jazz mobile phone.

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
Free Look or Cancellation Period: 30 Days
Elimination or Waiting Period: 30 Days

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

Triple Benefit:Three-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

Does Term Takaful provide coverage for Natural Death Only?

No, this plan provides coverage for both natural and accidental death.

What is the claim process?

For claims, please call EFU Life Assurance Ltd at UAN 021- 111-338-111 or email at claims@efulife.com or call our Jazz Cash helpline number 4444. Our representative will guide you through the claim process.

How can the customer cancel the policy?

Customers can cancel the policy within 30 days of enrollment by dialing 4444 or 051-7080507

When does the coverage start for the customer?

Coverage will start as soon as a confirmation SMS is received from JazzCash.

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

The customer can show his medical expense documents and get reimbursement for accidental medical expenses. He does not need to be admitted to the hospital for accidental reimbursement.

Under what condition claim will not be paid?

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

Insurance