Mustafa Term Secure
A lump sum paid to your family if you die during the term. Level premium for the whole term.
- Entry age
- 18 to 60
- Term
- 10 to 35 years
- Sum assured
- PKR 2M to 50M
- Cash value
- None
Individual and family life cover
Cover that stays in force until the loans are paid and the kids are settled.
Mustafa Life Assurance writes straightforward term, income protection and savings plans. Every plan states its sum assured, term and premium on page one, in plain language.
Free-look period30 days
Grace period30 days
Minimum coverPKR 2,000,000
Estimate your term cover
Move the sliders. The figure updates as you go.
Tobacco use in the last 12 months
Per month
PKR 0
Per year
PKR 0
Illustrative estimate for a standard-risk applicant. The quoted premium is set after underwriting and may be higher or lower.
Plans
Three plans, each built for one job.
Pick protection, income replacement or savings. You can add riders later at each policy anniversary, subject to underwriting.
Mustafa Family Income
Pays a monthly income to your family for the rest of the term instead of one lump sum.
- Entry age
- 21 to 55
- Term
- 10 to 30 years
- Monthly benefit
- PKR 50,000 to 500,000
- Cash value
- None
Mustafa Future Builder
Regular savings for school fees, a wedding or retirement, with life cover through the term.
- Entry age
- 18 to 55
- Term
- 12 to 25 years
- Annual premium
- From PKR 60,000
- Maturity
- Paid in a lump sum
Claims
When the worst happens, the process is short and written down.
-
Step 1
Notify us
A nominee or family member calls the claims line or sends a message. We open a claim file the same day.
-
Step 2
Send documents
Death certificate, nominee CNIC, policy document and, where relevant, a medical or police report.
-
Step 3
We review
A claims officer checks the file and tells you in writing if anything else is needed.
-
Step 4
Payment
The benefit is paid by bank transfer to the nominee named on the policy.
Target settlement times and the full document list are printed in every policy contract.
Riders
Add only the extras you need.
Riders attach to Term Secure and Future Builder. Each one carries its own small premium and its own waiting period.
| Rider | What it pays | Waiting period |
|---|---|---|
| Accidental Death | An extra sum assured if death results from an accident. | None |
| Critical Illness | A lump sum on diagnosis of a listed condition, such as heart attack, stroke or cancer. | 90 days |
| Waiver of Premium | We pay your premiums if you become totally disabled and cannot work. | 180 days |
| Hospital Cash | A fixed daily amount for each night in hospital. | 30 days |
Questions
What people ask before they buy.
Still unsure? An adviser can walk through your numbers with no obligation.
How much cover do I need?
A common starting point is ten to fifteen times your annual income, plus any outstanding loans. An adviser can adjust that for school fees, dependants and savings you already hold.
Do I need a medical exam?
For lower sums assured, a health questionnaire is often enough. Higher cover or older ages may need a basic medical check, which we arrange and pay for.
What happens if I miss a premium?
You have a 30-day grace period after the due date and cover continues during it. After that the policy may lapse, and we write to you before that happens.
Can I change my nominee?
Yes. You can update the nominee at any time by sending a signed request with a copy of your CNIC and the new nominee's details.
What if I change my mind after buying?
During the 30-day free-look period you can cancel and receive your premium back, less the cost of any medical tests we arranged.
What is not covered?
Each policy lists its exclusions, such as suicide in the first year and death while committing a crime. Read the policy schedule or ask an adviser to go through it with you.
Contact
Ask for a call back.
Tell us how to reach you and what you want to protect. An adviser replies on the next working day.
Head officeAdd street address, city
PhoneAdd helpline number
EmailAdd customer service email
HoursMonday to Friday, 9:00 to 17:00