Building Blocks is a multipurpose, flexible, and long- term savings and protection plan which guarantees payment of a lump sum on completion of the term of the policy. The plan aims to serve your long-term expensive financial needs such as children’s education, marriage, your retirement planning, house building and so on.
Fulfill all your responsibilities at every point of time
Evidence of good health is not required for the basic policy
The benefit payable on death before the maturity is the Account Value or the premiums paid whichever is the greater
Multiple settlement options available at maturity: you can take account value in lump sum, take account value in four equal installments or use account value to buy lifetime pension guaranteed for a minimum of 20 years.
Multiple modes of premium payment options are available: Annual, Semi-Annual, Quarterly and Monthly (by banking order)
The plan also offers escalation of premium at an annual rate of 5% to mitigate effect of inflation
The policy starts to acquire a cash value from the second year onward provided that premiums for two full years have been paid.
No fixed basic premiums; you are free to select any premium amount subject to minimum of PKR 8,000 per installment.
You may increase or decrease the premium as the circumstances may warrant
A host of optional riders are available to enhance coverage