Covid 19 Plan

With precautionary measures including adapting the social distancing measures and maintaining hygiene for one as well as for your loved ones being the best possible defense against the ongoing Covid-19 Pandemic, the nature of this disease dictates that we take every step that is necessary to keep ourselves as well as our loved ones secure.

What is AL Covid-19 Protection Plan

Covid-19 Protection plan is a specialized plan that is offered by Adamjee Life Assurance Company Limited in partnership with Silk Bank enabling customers to get themselves as well as their family protected against the Covid-19 Pandemic.

Plan Details

  • The Offer

  • Pricing and Packages

  • Premiums

  • Family Policy

  • Term of Plan

  • Terms and Conditions & Exclusions

Plan Benefits

The Offer:

  • AL Covid-19 Protection Plan offers protection exclusively against the Covid-19 Pandemic. Protection is provided in the following 3 scenarios
  • Reimbursement of the Corona Test costs as per the given limit in case the test comes out positive Daily Hospital Cash Allowance in case of hospitalization due to Covid-19
  • Death benefit in case of death due to Covid-19

Free-Look Period

Adamjee Life offers a free look period of 14 days during which you can review your policy terms and conditions and cancel the policy if needed. Your premium will be refunded on receipt of written request within 14 d ays from the date of receipt of the policy document. Please note that Adamjee Life reserves the right to deduct the expenses incurred on medical examination.

Pricing and Packages

Pricing and Packages

Benefit Limits per Insured Person
Basic
(PKR)
Classic
(PKR)
Executive
(PKR)
Covid 19 Diagnostic Test reimbursement Rs. 6,000/- Rs. 8,000/- Rs. 10,000/-
Daily Cash Benefit for Hospitalization due to Covid 19 Rs. 5,000/- Rs. 10,000/- Rs. 15,000/-
Daily Cash Benefit in case Insured person is put on a ventilator during hospitalization Rs. 7,500/- Rs. 15,000/- Rs. 22,500/-
Lumpsum Benefit on Death due to Covid 19* Rs. 100,000/- Rs. 150,000/- Rs. 200,000/-

* In case of family policy, death benefit shall be applicable for Insured members age 18 or above.

Premiums

Premiums

Individual Policy
3 months Coverage Period 6 months Coverage Period
Basic
Premium(PKR)
Classic
Premium(PKR
Executive
Premium(PKR
Basic
Premium(PKR
Classic
Premium(PKR
Executive
Premium(PKR
1,450 2,425 3,425 2,450 4,350 6,250

Family Policy

Family Policy
3 months Coverage Period 6 months Coverage Period
Basic
Premium(PKR)
Classic
Premium(PKR
Executive
Premium(PKR
Basic
Premium(PKR
Classic
Premium(PKR
Executive
Premium(PKR
5,325 9,850 14,375 9,900 18,625 27,325

* Family includes Self, Spouse and up to 4 unmarried children.

Complimentary Outpatient: E-Health – Consultation Services Care Benefit: via E-health App

Term of Plan

Term of Plan

3 months or 6 months.

Waiting & Deferred Periods:
Waiting Period First 14 days from policy commencement date.

Unique Proposition of Covid-19 Protection Plan:

  • Diagnostic test reimbursement, hospitalization and death cover under one umbrella.
  • Enhanced Daily Cash allowance in case of Ventilator usage during hospitalization.
  • Complete Family Coverage under one plan.
  • Complimentary online consultation via the Sehat Kahani mobile App.
How to avail

Covid-19 Protection plan is exclusively available through Silk Bank branches as well as call center.

Terms and Conditions & Exclusions:

Terms and Conditions & Exclusions:

  • Test reimbursement only applicable in case of positive test ( not applicable for negative tests)
    • Hospitalization considered a 24 hour stay in hospital up to a maximum of 30 days during the coverage period. In case of ventilator hospitalization, the maximum number of days will be 20.
    • Each day on a ventilator is counted as 1.5 hospitalization days.
    • Per confinement benefit is limited to maximum consecutive 20 days of hospitalization.
    • A 15day gap is required to avail the benefit in case of consecutive hospitalizations.
  • Maximum coverage age is 60 years for Adults and 25 years for Children.
  • Entry age for Adults is 18 – 59 years and Children is between 3 months – 24 years.
  • Waiting Period of 14 days from the date of subscription.
  • Children have to be unmarried to be included in the coverage.
Exclusions
  • Any claim other than due to Covid 19.
  • Pre-existing Covid 19 conditions
  • Claim incurred during waiting period.
  • Negative Covid 19 test results.
  • Claim incurred outside Pakistan.

  • Silk bank is acting as an agent on behalf of Adamjee Life, and is not responsible in any manner, whatsoever, to the customer, his/her beneficiary/ies or any third party
  • All service charges and taxes will be applicable as per the Bank’s “Schedule of Charges” and taxation laws as stipulated by the relevant authorities
  • All AL Covid-19 Protection Plan applications are processed and approved by Adamjee Life, as per their underwriting guidelines. Silk bank is not responsible for the processing and approval of these applications in any way, whatsoever.
  • This brochure only provides an introduction to the benefits available under the policy. A detailed description of how the contract works is given in the ‘Terms and Conditions’, which will be provided after the customer avails the service
  • The Bank is acting as a corporate insurance agent of Adamjee Life Assurance which underwrites policy and the Bank shall not be held responsible for any liability under the policy in any manner whatsoever to the policyholder(s) or claimant(s).( In Incase of bancassurance policy).