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Raast Pay Plus Account

Terms and Conditions of Pay Con Takaful Coverage

  • The Bank of Khyber - Islamic Banking Group is a Participant member of Windows Takaful Operator (WTO) - EFU Life Assurance Ltd, where EFU Life Assurance Ltd has provided life takaful Group coverage to Raast Pay Plus Account holders who are salaried individuals under the Group Policy availed by The Bank of Khyber-Islamic Banking Group.
  • In case of Death, the nominee(s) of Raast Pay Plus account holder (Nominator) will get sum covered in shape of Pay Continuation for a period of (03) months based on net salary credited in the account of Raast Pay Plus Account holder.
  • The individual sum covered is up to Rs. 3,000,000/-  
  • The takaful cost will be borne by the BOK-Islamic Banking Group.
  • All active RPA account holders are eligible for Group Takaful Coverage.
  • The eligible age limit is between 16 to 60 Years nearest birthday for Raast Pay Plus Account holder subject to following exceptions


  • No benefit will be payable if the death of Member results directly or indirectly, wholly or partly, as a result of related to:
  • Suicide, intentional self-inflicted injury, failure to seek or follow medical advice, taking of drugs, any mental or psychosomatic disorder which is not caused by a physical disease.

  • Dormant accounts are not included for Pay Con facility.
  • If account holder is absent from work, he/she shall remain a member for the period of such absence upto a maximum of 12 consecutive months, the account holder will not eligible for Pay Continuation Takaful Coverage. If he/she is on leave or if he/she is absent for the purpose of an approved course of study or training, and during such period, his/her individual Sum covered shall be the amount it was on the last day before such absence commenced.
  • Takaful Claim is subject to fulfillment the requirements of Windows Takaful Operator (WTO) - EFU Life Assurance Ltd.
  • Age between Age between 18 and 62 years nearest birthday for High Court Employees
  • Age between 18 and 65 years nearest birthday for Supreme Court Employees
  • Age between 18 and 67 years nearest birthday for High Courts and Supreme Court Judges

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