Secure Munafa

Managing finances is a unique challenge for every individual, mainly due to unforeseen circumstances during the course of life. In order to meet the growing financial need of every individual. Adamjee Life has designed a unique product to give highest value to your savings.

Fluctuating inflation, growing taxes, debts and interest rates continuously effect your investment. Adamjee Life Secure Munafa has been designed for the preservation of your savings and growing it to the level where you can easily realize your dreams and protecting you and your family from all worries.

Secure Munafa is the highest allocation product, giving your investment the highest value it deserves!

As informed investor, you understand that market volatility can impact your
investments. Secure Munafa enables you to gain control over your savings in tune
with your financial needs and your risk appetite.
• Saving Booster Ad-hoc Premium
You can enhance the growth of your savings through Saving Booster by depositing
minimum payment of Rs.10,000 (over and above the regular premium) into
your plan. Saving booster payment will be allocated at 100% in the unit account
and can be made & withdrawn anytime during the plan term to boost your
accumulated cash value.
• Loan
You can take a loan upto 50% of the net cash surrender value, which is the
Account value minus surrender charge, after the third policy year.
• Tax Rebate
You can enjoy the benefits of Tax savings on life insurance by investing in the
• Partial Withdrawal
To make sure that all your urgent monitory requirements are taken care of, the
plan offers the option of making partial withdrawals from your account value
after the plan has been enforce for 3 years.
• Cover Multiple
You also have the freedom to increase the financial security for your loved ones
by choosing an Enhanced Sum Assured through cover multiple options of up to
200 times of your premium amount.
• Inflation protection: (Indexation)
This is a value-added feature to cover the inflation impact. Your contributions will
increase every year by 5% or 10% of the previous years’ contributions with this
option. The cash value will also increase accordingly

Investment Secure Fund: Is a moderate to low risk profile fund that generates
stable and secure returns by balancing the investment in long term money
market investments including mixtures of PIB’s, T-Bills and fixed income instruments with the balance in cash.

Investment Multiplier Fund: is a moderate to high risk profile fund that generates
higher returns over the long run with a mix of investments of up to 30% in equity
type investments and up to 60% in a mixtures of PIB’s, T-Bills and fixed income
instruments with the balance in cash.
You are entitled to two initial free fund switches at anytime during every plan
year and each subsequent switch would be charged at Rs. 300.

Amaanat (Islamic) Fund: is an Islamic open-end asset allocation/ investment fund,
which seeks to achieve its objective of stable yet aggressive returns through
investing in a portfolio of shariah compliant investments diversified through the
capital market. The fund primarily invests in high quality SUKOOK/ Islamic bonds
(60%), strong shariah compliant equities (30%) and the balance in cash (10%)
offering higher comparative returns.

As you continue the plan for longer term you will gain the higher rewards in terms of Continuation Bonuses. The extra units will be allocated to your account value. This extra units allocation is in addition to the basic units of allocations. The Continuation Bonus allocation is as follows.

Policy Year Continuation Bonus Unit Allocation as % to Basic Premium to Account Value
5 25%
10 50%
15 50%
20 100%

With medical costs increasing considerably, Health Care option of Secure
Munafa ensures health protection for you and your family. It takes care of the
medical treatment costs incurred due to serious accident or illness.
• Critical Illness Rider (Optional)
A lump sum benefit is paid to you in case you are diagnosed with one of the
listed 20 diseases during the enforce term of this rider. The lump sum benefit is
additional to your main plan benefit.
• Accidental Death (Optional)
A lump sum benefit is paid to you or your chosen beneficiary in case of accidental

Adamjee Life’s Secure Munafa Family care solution gives you the comfort that
you and your family are always protected. We not only make sure that your
family is free of all financial burdens but also provide life coverage to your spouse so that your family is prepared for all unfortunate eventualities.

• Spouse Protection Rider (Optional)
In the unfortunate event of the death of the insured person’s spouse during the
enforce term of this rider, the rider sum assured is payable.

• Level Term Insurance Rider (Optional)
The feature guarantees as lump sum amount payable to the chosen beneficiary
in case of death of the insured person.

• Waiver of Premium Rider (WOP-Death) (Optional)
On death of the insured person, Adamjee Life will pay the initial (un-escalated)
basic premiums for the remaining term of the rider, The beneficiary will receive
the maturity benefit at the end of the policy term.

Contributions made towards the plan are invested in either of Investment Secure
Fund, Investment Multiplier Fund or Amaanat (Islamic) Fund. You can choose to
invest fully in one of the fund that suite your investment strategy. The returns
earned after deduction of risk charges, monthly admin and investment management
charges are credited to the unit account balance and accumulate as the
policyholder’s cash value. Funds are managed by a team of expert Investment
Managers*, who adjust the investment mix in light of economic conditions and
investment opportunities.

* MCB-Arif Habib Savings and Investments Limited – a subsidiary of MCB Bank Limited.

Basic Premiums are allocated as per the schedule shown below

Policy Year Allocation Percentage
1 75%
2 85%
3 and onwards 100%

Policy Fee

Management (& Administration) Charge
An annual charge of 1.75% of the Cash Value deducted on a monthly basis.

Bid/Offer Spread
5% of all premiums allocated to the Unit Account

Surrender Charge
Rs. 350/=

Fund Switching
The first two switches in a Policy Year are free. A charge of Rs. 300 will be
made for any further switches in that Policy Year.

• Highest 1st year Investment Allocation (75%)
• 100% allocation from 3rd year onwards
• Islamic fund (Amaanat) option providing shariah compliant investment
• Highest Ad-hoc allocation (100%) (Investment Booster)
• Flexibility to diversify your investment according to your preference and risk
appetite (Investment Secure, Investment Multiplier and Amaanat Fund)

Min entry age Max entry age Min policy term
18 years
(Age nearest birthday)
65 years
(Age nearest birthday)
10 years
Min premium
paying term
Max Policy Term Max Paying Term
5 years up to age 85 25 years
Minimum Basic Premium: Monthly PKR. 1,500
  Quarterly PKR. 3,000
  Semi-Annual PKR. 6,000
  Annual PKR. 12,000


Payment Mode: Annual  


• Secure Munafa is a unit linked plan which is subject to investment risk and the
cash value of the plan will vary directly with the performance of the unit fund.

• Adamjee Life is Registered & Supervised by the Securities and Exchange
Commission of Pakistan.

• All Secure Munafa applications are processed and approved by Adamjee Life,
as per their underwriting guidelines.

• The brochure only provides an introduction to the benefits available under
the policy and detailed description of how the contract works is given in
‘Terms and Conditions’ which will be provided after the customer avails the

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