Wealth Management

Faysal Bank Takaful & Insurance (BancaTakaful)

Which Takaful plans Faysal Bank distributes, and who actually underwrites them.

Life, Health, Home, Travel & Motor
Distributed, not underwritten by FBL
Oladoc digital health included

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University) · Reviewed: August 16, 2026

Faysal Bank distributes Takaful (Islamic insurance) from licensed partner operators — EFU, Adamjee Life, Jubilee, TPL Life, State Life — it doesn't underwrite policies itself.

Covers Life, Health, Home, Travel, and Motor Takaful
Oladoc gives customers free/paid digital doctor consultations
Premiums typically deduct directly from a linked account
Claims and terms are governed by the named Takaful operator, not FBL

Faysal Bank doesn't underwrite insurance itself — as an Islamic bank it distributes Shariah-compliant Takaful (Islamic insurance) products through partnership agreements with licensed Takaful operators, a model the industry calls bancatakaful. You're buying a policy from EFU, Adamjee Life, Jubilee, TPL Life, or State Life; Faysal Bank is the distribution channel and, for many plans, where your premium gets deducted from your account.

Takaful Categories on Offer

Life Takaful

EFU Noor Takaful provides life coverage with a simple, no-medical-checkup enrolment process for a nominal annual contribution.

Health Takaful

Plans from TPL Life, EFU, and Jubilee, including family cover and Pakistan's first Takaful dental plan for network-hospital coverage.

Home Takaful

EFU Takaful Manzil Asaan and EFU Mehfooz Ghar Takaful cover residential property against fire and allied perils.

Travel Takaful

TPL Takaful Safar Asaan covers domestic and international trips, including a free plan bundled with the Priority World Debit Card.

Motor Takaful

Jubilee Takaful Secure Drive covers vehicles against accident, theft, and third-party liability on a Shariah-compliant basis.

Savings & Investment-Linked Plans

State Life Tayyab, Adamjee Life Taleem/Asaan Zindagi/Sarmaya Plus, EFU Zenith/Tahaffuz/Mustaqbil, and Jubilee Mustamir combine Takaful coverage with a savings or investment component.

Digital Health: Oladoc

Faysal Bank customers get access to Oladoc — "Aapki Sehat ka Sathi" — a digital health platform for online doctor consultations (free and paid), appointment scheduling, lab test bookings, and medicine delivery, with over 25,000 doctors across specialities available for the customer and their family.

How Do Faysal Bank Takaful Premiums Work?

Most bancatakaful plans deduct contributions directly from a linked Faysal Bank account on a schedule set by the underlying policy — monthly, quarterly, or annually depending on the plan. Since Faysal Bank is the distributor rather than the underwriter, claims, exclusions, and policy terms are governed by the named Takaful operator's own documentation, not Faysal Bank's Schedule of Charges.

Wealth Management Beyond Takaful

Takaful sits inside Faysal Bank's broader Wealth Management umbrella alongside Faysal Funds mutual fund distribution (covered on our Share Price & Mutual Funds page) and the Faysal Priority Ascend Plan, an investment option structured around different risk appetites for Priority customers specifically.

Frequently Asked Questions

Does Faysal Bank underwrite its own insurance?

No. Faysal Bank distributes Takaful products underwritten by licensed partner operators — including EFU, Adamjee Life, Jubilee, TPL Life, and State Life — rather than issuing insurance itself.

Is Faysal Bank's Takaful Shariah-compliant?

Yes. As a fully Islamic bank, Faysal only distributes Takaful (Islamic insurance) products, which are structured around mutual risk-sharing rather than conventional insurance principles.

Good For

Understanding that Faysal Bank distributes Takaful rather than underwriting it
Seeing which partner insurer covers which category
Finding the Oladoc digital health benefit
Distinguishing Takaful from Faysal Funds mutual fund investments

Want the exact terms for your situation?

Speak to Faysal Bank directly — terms, eligibility, and pricing vary by relationship and are confirmed at application.

Visit Faysal Bank Official Website See FABL Bank Profile