Toll Free: 0800-20002

Insurance / Takaful

Insurance/Takaful Coverage

Along with providing a broad slate of Investment Solutions to meet your Financial Goals based on your personal Risk Appetite and Return Preference, NBP Funds also offers you the benefit of Financial Security for your loved ones by offering Insurance/Takaful Coverage over your investment, making NBP Funds a one stop solution for all of your financial needs.

Free Accidental Insurance / Takaful Coverage of up to Rs. 10 Lacs in Mutual Fund:

NBP Funds provides its mutual fund investors with Free of Cost Accidental Insurance / Takaful Coverage, on maintaining a minimum net investment value of Rs. 100,000/-. The coverage is equal to the investment value subject to a maximum of Rs. 10 Lacs. (Terms and conditions apply)

Free Life & Accidental Insurance /Takaful Coverage of up to Rs. 50 Lacs in Pension Funds

NBP Funds offers you the peace of mind to not only save for your happy retirement but also ensure the financial security of your loved ones through Free of Cost, Life and Accidental Insurance/Takaful Coverage starting from maintain a minimum balance of Rs 1000/-. The coverage is equal to the investment value subject to a maximum of Rs. 50 Lacs. (Terms and conditions apply)

Life & Accidental Insurance / Takaful Coverage of up to Rs. 50 Lacs in NAFA Islamic Saving plans

NBP Funds offers you the peace of mind to not only save for your life goals but also ensure the financial security of your loved ones in unforeseen circumstances through Life and Accidental Insurance / Takaful Coverage starting from maintain a minimum balance of Rs 80,000/- in NAFA Islamic Saving Plans. Monthly Premium of the insurance / Takaful coverage is deducted automatically from your investment account as per the offering documents of the Funds. (Terms and conditions apply)

Optional Life and Accidental Insurance/Takaful Coverage of up to Rs. 50 Lacs in selected Funds and Plans

NBP Funds provides you option of availing the benefit of Life and Accidental Insurance/Takaful Coverage of up to Rs. 50 Lacs in selected Funds on maintaining a minimum investment value of Rs. 100,000/-. The coverage is equal to the investment value subject to a maximum of Rs. 50 Lacs. Monthly Premium of the insurance / Takaful coverage is deducted automatically from your investment account as per the offering documents of the Funds.

Optional Enhanced Coverage is available in:

  • NBP Government Securities Plans
  • NBP Aitemaad Mahana Amdani Fund

Key points of Insurance / Takaful Coverage

  • Only Principal account holders are covered with – with the maximum insurance / takaful coverage for an individual capped at Rs. 50 Lacs.
  • Minimum age requirement for insurance / Takaful is 18 years and maximum of 65 years – After the age of 65 years, the insurance coverage will be discontinued.
  • No Clinical or Medical examination is required but no preexisting condition should exist