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Life Plus
Savings Account

Maximized Halal Returns with “Free” Hospitalization coverage

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Category

Faysal Islamic Life Plus Savings Account has been specifically designed to meet the needs of senior citizens. This Shariah-compliant account not only offers excellent halal returns on your hard-earned savings but also includes unique health and hospitalization benefits through our exclusive Health Card.

Features

  • No minimum balance required

  • Unlimited transactional facility

  • Profit calculated on the Average monthly balance, assigned weightages & income earned by respective pool on monthly basis.

  • Exclusive “Free” features include:

    • First Cheque Book issuance

    • First Classic Debit Card issuance

    • Health Card - Takaful Health and Hospitalization benefits

    • SMS Alerts

    • e-Statement

    • Funds Transfer & Bill payments via Faysal Digibank Mobile App/ Internet Banking or ATMs

    • Online Banking

  • On maintaining average balance of PKR 50,000 & above you can avail:

    • Free Cheque book

    • Free Pay Order

    • Free Duplicate Statement of accounts

Please note: Any free offerings / features to current / saving accounts are at Bank’s sole discretion and Bank reserves the right to discontinue at any point of time.

*Terms & Conditions Apply

Note: All Taxes and Zakat are applicable as per Government regulations. Other account maintenance and transactional charges apply as per Faysal Islamic Banking Schedule of Charges (SOC).

Eligible Customers

Ideal for individuals aged 55 and above, including retirees and pensioners.

Available for persons with disabilities and widows with no age requirement.

Health Card privileges

Avail exclusive health privileges with our Gold and Platinum Health Cards, available for primary account holders aged between 55-80 years with incredible benefits on maintaining your monthly average balance.

Gold Health Card

Platinum Health Card

Hospitalization cash cover per day

PKR 10,000/-

PKR 15,000/-

Accidental death Takaful Coverage

PKR 500,000/-

PKR 1,000,000/-

Discount in leading laboratories with co-branded Health Card across Pakistan

Up to 30%

Up to 30%

Previous month’s average balance

PKR 100,000 and above*

PKR 3 million and above*

* Customers will be ineligible for healthcare benefits in any month where the average balance of the previous months does not meet the required eligibility criteria.

Claims on Health Card

  • Hospitalization benefits as per the health card type can be claimed on re-imbursement basis.

  • Contact TPL Life Claim Center at +92 21 111 000 330 for re-imbursement of claim within cash cover limits.

  • Health Card can be shown at selected Labs for negotiated discounts. For the list of discount centers. Click here

  • Terms and conditions apply. Click here

  • Claim processing is the sole responsibility of Takaful Company. BankThe bank shall facilitate the claim submission process, however, claim underwriting decision lies with the Takaful company.

How it Works

Means a kind of partnership, where Faysal Islamic Banking is the “Mubarib” (manager of the funds) and the customer is the “Rabb-ul-Maal” (owner of funds). The bank as the Mudarib may invest or disinvest, at its sole discretion the customer’s deposits in Shariah complaint modes such as Ijarah, Murabaha, Musharakah, etc. The rate of profit on the deposit will be determined through a Shariah approved mechanism for calculation of weightages which will be announced at the beginning of each calendar month and shall be applicable for that month only. The depositors will share in the profit earned through financing in different Islamic modes of financing. Losses, if any, will be shared in the proportion of investment by each depositor.

Digital Healthcare Solution

Download OlaDoc App from Play Store and get connected with the best doctors in Pakistan. Enjoy the following exclusive benefits tailored for our life plus customers:

  • Free Video consultations with 50+ specialists for the entire family

  • Free Wellness Consultations

  • Up to 50% OFF on Surgeries and Procedures

  • Up to 40% OFF on Labs and Diagnostics

  • Up to 20% OFF on Doctors OPD Fee

  • Up to 10% OFF on Medicine Orders

Document Requirements

Individual Account

Salaried Person

  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Attested copy of Certificate from the employer OR

  • Service Card OR

  • Recent Salary Slip

Individual Account

Self Employed

  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Proof of earning OR

  • Source of income establishing business existence

Important Links

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