The Objective of the investment is to provide the customer with convenient hassle free single investment option with the added advantage of life insurance. The purpose is to maximize the returns for the investor by strategically investing in one of two funds with different combinations of investment instruments keeping in mind the individuals risk appetite and return expectation. The plan also provides built in natural and accidental death coverage to cater to the protection needs of the customer.
‘This is a flexible Single premium unitized investment linked assurance plan that gives the investor access to professionally managed Unit Linked Funds with the benefit of life insurance cover packaged in. Free accidental death coverage of twice the investment amount is also provided.
Premiums/ Investments are mainly used to purchase units in the Funds. Additionally the individual has to make just a onetime investment and the policy will continue till the 85th birthday
The Cash Value of the Plan will vary directly with the investment performance of the Funds.
To cater to the investors changing needs, the plan provides many flexible options such as altering his/her investment and protection level, topping up, switching among Unit Funds, etc.
Investment Multiplier Fund: Debt Fund
Investment Diversifier Fund: Commodity Fund
Adamjee Life Assurance Company Limited
Rated A (WITH POSITIVE OUTLOOK) by PACRA
To maximize the returns for the investor by investing in equity, debt and commodity markets. Funds are managed by a team of expert investment managers, who adjust the investment mix in light of economic conditions and investment opportunities.
Investment Multiplier fund:
Is a low to moderate risk fund with Up to 40% investment in a mixture of PIBs, T-bills & Fixed Income instruments PLUS up to 50% in Equity and Equity-type investments with the balance in Cash.
Investment Diversifier Fund:
Is a high risk fund with Up to 50% investment in a mixture of PIBs, T-bills & Fixed Income instruments PLUS up to 10% in Commodity investments, up to 30% in Equity with the balance in Cash.
Fund switch option:
You are entitled to two initial free fund switches at anytime, each subsequent switch would be charged at Rs.300.
|Plan Year||% of basic premium allocated
to unit account
|Surrender/ redemption Charges
as % of Unit account value
(first 6 months)
|Plan Year||% of initial basic premium allocated
to unit account
The plan also offers the facility to take a loan of up to 50% of the total cash value to cover any short term financial commitments or requirements. An interest rate of KIBOR + 3 is applicable on all policy loans.
Partial withdrawals can be made by the investor from his/her fund after the policy has been enforce for at least 6 months to fulfill any short term needs. Withdrawals are limited to 50% of the net cash surrender value and can be taken up to 4 times a year.
With the INVESTMENT BOOSTER feature the customer has the option to invest additional amount at anytime to the fund account to boost his/her maturity returns.
Min Amount: PKR 25,000
Max Amount: Unlimited
Management & Admin charges: 1.6%
Surrender/ Redemption Charge: PKR 350 per annum