JS / Personal / Wealth Management / Takaful / Khushal Mustaqbil Takaful

Khushal Mustaqbil Takaful

Khushal Mustaqbil is a regular contribution, unit-linked takaful plan.ons. The Khushal Mustaqbil Takaful is overseen by experts who ensure you get the maximum halal capital growth on your contributions by investing in a portfolio spread across a wide range of Shariah Compliant investments such as:

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What you need to know

Minimum Contribution:
A minimum contribution of Rs. 20,000 per year is required. Allocations and returns based on the contribution vary by year and age. 1, 2

The plan is available to anyone between 18 and 65 years.

Plan terms:
Can vary between 10 and 25 years. The plan selected has to be such that the maximum age at the end of the plan term is not more than 75 years. Certain charges apply.3


Customised add-ons
  • Additional Term Takaful
  • Takaful Family Income Benefit
  • Takaful Accidental Death Benefit *
  • Takaful Accidental Death and Disability Benefit *
  • Takaful Waiver of Contribution

*Note: Only one of the two accidental supplementary benefits may be selected

Top up your savings

Deposit any surplus funds in a lump sum as Fund Acceleration Contributions (FAC) payments and increase the cash value and thus the returns of your plan. The minimum FAC amount is Rs. 20,000 per payment. At the end of plan, the maturity benefit will be payable as follows: Basic Cash Value of Participant’s Investment Account plus Cash Value from Fund Acceleration Contributions in the PIA.

Decrease your risk even more

Enjoy the unique feature of Surplus Sharing. By contributing Tabarru (donation) into the Participant’s Takaful Fund (PTF), decrease your risk even more and be entitled to a possible bonus.

Option of Waqf Donation

Waqf Donation, which depends on the Takaful cover and age of the participant, will be transferred from Basic Plan Contribution into Participants Takaful Fund.

Make sure your loved ones are provided for no matter what

Enjoy a guaranteed level of Takaful protection. In case of death, your dependents will receive the funds according to the plan’s original terms. The plan’s Continuation Benefit will ensure that all future contributions will be paid by Participant’s Takaful Fund managed by EFU Life, following the participant’s death until the plan’s maturity date.

Cancel Anytime

Unexpectedly need cash and have to withdraw your investment? You need not worry. Cancel the plan and get the total cash value back any time.

On death of parent prior to maturity

Continuation Benefit
Rs. 50,000 per annum
Income Benefit
Rs. 25,000 per quarter
Cancel Partially

Don’t want to take out all your money but need funds for an emergency? You have the option of partially withdrawing your funds if you leave at least Rs. 25,000 as cash value.


1. Allocation of Contribution
Year-wise allocation percentages of the participant’s contribution are shown in the table below:

Year Allocation as percentage of Contribution
1 30%
2 80%
3 90%
4 to 5 100%
6 to 10 103%
11 to 15 105%
16 to 20 107%
21 to 25 110%

2. Illustration of Benefits
The following example portrays the benefit under the plan taken by a parent:

Number of years to university education 25 years
Current estimated annual university fees Rs. 235,556
Period of education 4 years
Target Fund (After 25 years) Rs. 3,190,701
Quarterly Income Benefit upon parent's death prior to maturity Rs. 25,000


Main Takaful Contribution Rs. 50,000 p.a
Income Benefit Contribution Rs. 6,300 p.a
Total Annual Contribution Rs. 56,300 p.a
8% p.a Expected Rate of Return 10% p.a Expected Rate of Return 12% p.a Expected Rate of Return
Policy Year Policy Year Policy Year Policy Year
5 202,940 213,230 223,954
10 538,940 596,349 660,188
15 981,614 1,150,106 1,350,878
20 1,564,231 1,949,375 2,442,700
25 2,338,353 3,110,200 4,175,596

3. Following charges apply on the basic Takaful Plan and are based on the principle of Wakalat-ul-Istismar:

  • An Allocation Fee will be charged as follows
    • Year 1: 70%
    • Year 2: 20%
    • Year 3: 10%
    • Year 4 and onwards: 0%
  • An Administration Charge of Rs.1, 500 per annum will be applicable.
  • Bid Offer Spread of 5% of Allocable Contribution will be charged.
  • Investment Management Fee of 1.5% p.a. of the Fund Value will be applied. This charge will be recurring.


  • This Takaful product is underwritten by EFU Life-Window Takaful Operations. It is not guaranteed by JS Bank Ltd. or its affiliates and is not a JS Bank product
  • The contributions received with respect to the Takaful policies are invested by EFU Life-Window Takaful Operations as per laid down terms and conditions and is responsible for all underwriting risk.
  • All Takaful Claims, charges and payments relating to the Takaful Policies shall be the sole and exclusive responsibility of EFU Life-Window Takaful Operations.
  • As per the directive of SECP, the values given above are based at assumed rates of return of 8%, 10% and 12% per annum. However, the actual values will depend upon the performance of the underlying investments in the EFU Takaful growth funds and can be higher or lower than the ones illustrated above. The investment risk of the selected fund shall be borne by the policyholder.
  • The contributions in the plan are invested in the mentioned growth fund.
  • The past performance of the fund is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of future or likely performance of the funds and neither EFU Life-Window Takaful Operations nor JS Bank Ltd. will incur any liability for the same.
  • A personalised illustration of benefits will be provided to the participant by sales representative. Please refer to the notes in the illustration for detailed understanding of the various Terms and Conditions; you are required to fully understand the illustration and other terms and conditions of the plan.
  • JS Bank is just a promoter and distributor of this product to its valued customers.
  • Service charges and taxes will be applicable as per the Bank’s “Schedule of Charges” and taxation laws as stipulated by the relevant authorities.