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IGI Takaful Shield

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With uncertainties surrounding us all around, it is very difficult to predict the future even for the best of planners. Faysal Bank Ltd. offers IGI Takaful Shield under a distribution agreement with IGI Life Insurance Ltd. which helps you to secure the future for your loved ones in the most affordable manner. Not only this, the offer is the easiest to subscribe and can be obtained with ease right from the comfort of your home. IGI Takaful Shield has been developed through a distribution agreement with IGI Life Insurance Ltd. It is a very unique term Takaful cover that will take care of the economic worries of your family in your absence. It offers a cover of up to PKR 3,500,000 to your family in case of your unfortunate demise. It is a very affordable and easy-to-subscribe term Takaful cover.

Features

  • Natural and Accidental Death Coverage under one umbrella

  • Death coverage upto PKR 3,500,000

  • Vitality Benefits (Active Rewards) – Customer can earn active rewards of up to PKR 26,000 annually

  • Coverage for all pre-existing medical conditions (HIV Patient Not Covered)

  • Discount Card: Upto 30% discount in selected labs and pharmacy

Eligible Customers

Coverage Provided to

FBL Noor Card & FBL Account Holders Only

Enrolment Age Limit

18 - 60 Years

Coverages Details

COVERAGE

COVERAGE AMOUNT

Natural Death

Upto PKR 2,000,000/-

Accidental Death

Upto PKR 3,500,000/-

Accidental Medical Reimbursement

Upto PKR 100,000/-

Vitality Benefits

Explained in Brochure

Contribution Amount

Plan

Without Vitality

With Vitality

Standard

9,500

12,000

Golden

11,500

14,000

Family

14,000

16,000

Claim Process

Claim settlement procedure is prompt and hassle-free. Claim can be lodged directly by visiting IGI Life Website through below link:
http://igilife.com.pk/claim-intimation/
Further, in detail step-by-step guidance is provided in the Brochure

Disclaimer

  • Faysal Bank Limited ("Bank") is acting as a distributor of the IGI Takaful Shield with Vitality on behalf of the IGI Life - Window Takaful Operations ("Takaful Operator") and shall not be held responsible in any manner whatsoever to any person, including, but not limited to, the Covered person or any third party.

  • The Covered Customer's statement of account/application form or recorded verbal statement and Declarations will act as their enrollment under the program (if their account is charged under the program) and will govern the determination of the rightful beneficiary under this Takaful coverage.

  • It is clarified that the Bank shall not, under any circumstances, be liable either directly or indirectly for any obligation of the Takaful Operator as the Takaful Provider.

  • Furthermore, the Bank shall not be construed or deemed in any manner to be the agent or broker of the Takaful Operator in respect of any other PMD.

  • In addition, the Bank shall not be either directly or indirectly liable for any obligation of the covered customer towards the Takaful Operator in respect of the business or any cover offered to the Covered customer. These PMDs shall constitute as independent contracts between the Takaful Provider and the Covered Customer.

  • This product brochure only gives a general outline and introduction of the benefits available under the PMD.

  • This product brochure only gives a general outline and introduction of the benefits available under the membership. For exact Terms and Conditions, please refer to the Participant Membership Document (PMD)

IGI Life – Window Takaful Operations
7th Floor, The Forum, Suite No. 701-703
G-20 Khayaban-e-Jami, Block 9, Clifton
Karachi 75600, Pakistan
Call: (+92) 21 35360040
Fax: (+92) 21 35290042
Email: [email protected]

Frequently Asked Questions (FAQ's)

Free Look-in Period is a 14 day’s grace time after receiving the participant membership document during which you can understand the terms and conditions of Product XYZ and in case of any concerns, you may choose to cancel the plan and obtain a full refund of your contribution paid.

IGI Life - WTO. will settle all claims within 15 business days of completion of required documentation.

Yes, the family takaful coverage provides global coverage. However, claims will be paid in Pakistani Rupees as per the coverage terms and conditions.

In the first membership year, the coverage would be effective after the waiting period of 15 days of enrollment

Important Links

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