Al Habib Zamanat Insurance Backed Investment Account
AL Habib Zamanat Account has been designed for customers as a savings tool that will help to save in installments and lump-sum deposit options, to reach a fixed goal for education, marriage or any other obligation / desire. This product serves as an insurance backed savings deposit, covering the depositor free of cost for the entire tenure and up to the maturity value. AL Habib Zamanat Account promises the customer an accumulated profit equaling the bank’s PLS savings rate.
AL Habib Zamanat Account Details:
AL Habib Zamanat Account covers the customers in the age bracket of 18-60. However, Investor once enrolled will remain covered till investor’s 65th birthday or until completion of their plan, whichever is earlier.
AL Habib Zamanat Account Features:
All Existing and New customers can avail AL Habib Zamanat Account.
Free life insurance up to the investment plan amount.
Guaranteeing accumulated profit based on bank’s PLS Savings rate.
Multiple investment plans starting from as low as Rs. 2,000 per month and up to Rs. 20 million.
Non-Medical limit up to PKR 5 millionInsurance Coverage: Death benefit: 100% of sum covered.
Accidental Death Benefit: Death benefit + 50% of sum covered Permanent Total Disability: 50% of sum covered Minimum tenure of plan is One year and maximum up to 20 years.
Multiple deposit options: Installments or Single PaymentNo charges on premature encashment