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Insurance / Takaful

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. 70 LACS IN NAFA Islamic PENSION FUNDS & NAFA Pension Fund

(Voluntary Pension Schemes)

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 comprehensive Free of Cost Insurance/Takaful Coverage starting from maintain a minimum balance of Rs 1000/-. Following coverages are offered to investors of our pension funds. (Terms and Conditions Apply)

Benefits New VPS Insurance/Takaful Policy
Death Benefit Up to Rs. 7 million or investment amount, whichever is lower
Accidental Death Benefit Rs. 7 million or investment amount, whichever is lower, plus basic death benefit
Permanent Total Disability (Accidental) Up to Rs. 7 million or investment amount, whichever is lower
Accidental Medical Expense 20% of Sum Cover. Max Rs. 1 million p.a.

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.

  • 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

Key points of Insurance / Takaful Coverage – Pension Funds

  • Only Principal account holders are covered under the Insurance / Takaful Coverage.
  • Maximum Life Insurance / Takaful Coverage for an individual is capped at Rs. 7 Million
  • Maximum Accidental Death Coverage and Accidental Permanent Total Disability for an individual is capped at Rs. 7 Million.
  • 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 pre-existing condition should exist.