Adamjee Life Khushhali Mustaqbil


The one thing that connect us all is the aim for a securer future for our loved ones. Khushali Bank in partnership with Adamjeelife has come up with the simplest plan that has all the potential to satisfy your future needs. Be it your daughter’s wedding, child education or any other savings need, it brings a complete peace of mind and comfort for a secure future for you and your family.

This is our regular premium investment-linked plan that offers two-in-one; a comprehensive protection plan against unexpected events with a long-term investment growth potential at the same time. It’s the ideal plan to meet both your wealth protection and wealth accumulation needs at the same time.


Why Adamjee Life Khushali Mustaqbil Plan

  • Your savings will grow faster with an investment allocation of 40% to your fund in the first year, with 100% allocation from 3rd year onwards.
  • You have the option to beat any impact that inflation might have on your investments with a unique inflation protection option that adjusts your premium by 5% to 10% every year.
  • You will enjoy guaranteed loyalty bonuses on 5th and 10th year of your policy to maximize returns.
  • You have the option to boost your cash value any time during the term of the plan through ad-hoc investment option. All ad hoc investments are allocated in the cash value at 102%.
  • You have the option to choose your growth fund based on your financial requirements, risk appetite and religious beliefs.
  • An optional built-in Monthly Annuity Benefit is provided to customers who want to avail their maturity cash value on a monthly basis.
  • You can enjoy the benefits on savings and life insurance with an annual premium as low as Rs. 8,000.
  • You also have the freedom to increase the financial security for your loved ones by choosing an Enhanced Sum Assured through cover multiple options and by choosing additional protection riders.

Plan Details

  • Plan Benefits

  • Fund Details

  • Basic Premium Allocation

  • Continuation Bonus

  • Optional Benefits

  • Policy Term and Eligibility

  • Basic Premium Payment Modes

  • Charges

  • Disclaimer


Plan Benefits

Plan Benefits

Monthly Annuity Benefit

On survival of the insured till maturity of the policy, the Monthly Annuity Benefit will be given as per the term selected by the insured. The term can be 5, 10, 15 or 20 years. The units will remain invested and will grow over the annuity term as well.

Choice of Insurance Coverage

You have the option to choose from the different levels of life insurance through protection multiples with the same premium amount. The maximum coverage can be up to 200 times your premium amount.

Protection Benefit

In case the policy owner dies during the plan term, the sum assured or accumulated account value whichever is higher less any partial withdrawals and indebtedness, will be paid to the beneficiary(ies). The plan has a built in 5 cover multiples feature.

Plan Maturity Benefit

At the time of maturity of the policy term the insured will get the amount equal to his/her account value.

Account Value Build up and Unit Accumulation

Contributions made towards the plan are invested in various investment vehicles including equities, fixed interest instruments, bonds and other money market instruments. Diversification is achieved by selecting a mix of instruments which also optimize returns. The returns earned after deduction of risk, monthly administration 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 at Adamjee Life, who adjust the investment mix in light of economic conditions, market trends and investment opportunities.

Partial Withdrawal

The plan offers the option of making partial withdrawals from your account value after the plan has been enforce for 3 years. Withdrawals can be made 4 times a year and are limited to 50% of the net cash surrender value subject to maintaining a minimum balance of Rs. 10,000.

Policy Surrender

After the completion of one policy year in which you have made on time full premium payments, you can surrender your policy. At the time of surrender, you will be paid in full the Cash Value of your fund. There will be no surrender penalty after the completion of 1st year. A surrender penalty of 100% will be charged if the policy is surrendered in the first year.

Free-Look Period

Adamjee Life offers a free look period of 14 days during which you can review your policy terms and conditions and cancel the policy if needed. Your premium will be refunded on receipt of written request within 14 days from the date of receipt of the policy document. Please note that Adamjee Life reserves the right to deduct the expenses incurred on medical examination.

Fund Details

Investment Options

Investment Secure Fund

To offer steady returns, the portfolio offers investment in a variety of Government and fixed income securities with minimal exposure in equities.

Investment Multiplier Fund

To offer maximum returns, the portfolio is diversified and balanced with a mix of equity investments, real estate, Government and fixed income securities.

Basic Premium Allocation

Basic Premium Allocation

As you continue the policy towards its full term, your account value will be credited with a proportion of basic premiums that you pay in. The proportions allocated to your account value will be as follows:

Policy Year % Allocation of Basic Premium to Account Value
1 40%
2 90%
3 100%

Continuation Bonus

Continuation Bonus

Continuation bonuses are provided at regular intervals during the term of the plan to customers who continue the policy for longer term through timely payments of at least the initial basic premium without utilization of partial withdrawal. The bonus which is in form of additional units in your account value boosts your investment. The extra units will be allocated to your account value, this extra unit allocation is in addition to the basic units of allocations. The continuation bonus allocation is as follows:

Policy Year Continuation Bonus Unit Allocation as % of Basic Premium to Account Value
5 10%
10 50%

Optional Benefits

Optional Benefits

Critical Illness Rider (CI)

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. This lump sum benefit is additional to your main plan benefit.

Accidental Death and Accidental Disability Benefit (AD and D):

A lump sum benefit is paid to you or your chosen beneficiary in case of accidental death or accidental permanent disability.

Spouse Protection Rider (SPR)

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. The feature is aimed at providing complete family coverage to the insured person’s family.

Level Term Insurance Rider (LTR)

This feature guarantees a lump sum amount payable to your chosen beneficiary in case of death of insured person over and above the sum assured and cash value amount.

Waiver of Premium Rider-Death (WOP-Death)

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.

Life Save Rider

To provide adequate coverage to the policy holders upon being diagnosed with one of the following critical illness.

  • Heart disease
  • Cancer
  • Organ Transplant

Rider will provide coverage of up to Rs. 500,000/-

Monthly Income Benefit Rider

On death or permanent and total disability of the insured person during the inforce term of this rider, a fixed monthly amount is payable for the remaining term of the rider.

Waiver of Premium Rider-disability (WOP-Disability)

On total permanent disability of the insured person, Adamjee Life will pay the initial (un-escalated) basic premiums for the remaining term of the rider. The policy holder or beneficiary will receive the maturity benefit at the end of the policy term.

Accidental Death and Disability Rider

On accidental death or permanent and total disability by accident of the insured person during the inforce term of this rider, the rider sum assured is payable to the insured or the beneficiary.

Policy Term and Eligibility

Policy Term and Eligibility

Minimum entry age 18th Birthday (Age nearest Birthday)
Maximum entry age 70 Years (Age nearest Birthday)
Minimum policy term 10 years
Minimum premium paying term 10 years
Maximum Policy Term upto age of 85.

Basic Premium

Minimum basic premium

Monthly PKR 3,000
Semi-Annual PKR 8,000
Quarterly PKR 8,000
Annual PKR 8,000

Payment Frequency

  • Annual
  • Semi-Annual
  • Quarterly
  • Monthly

All payments are automatically deducted from your bank account with Khushali Bank.



Management charges Annual yield (1.75%)
Administration Fee Nil
Policy Fee Nil
Surrender fee/ Partial Withdrawal fee 350
Bid/Offer Spread 5% of net regular premium

Surrender Charges

Policy Year Surrender Charges as % of unit account value
1 100%
2 & onwards Nil



  • Khushali Mustaqbil 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.
  • Khushalii Microfinance bank is acting as an agent on behalf of Adamjee Life, and is not responsible in any manner, whatsoever, to the customer, his/her beneficiary/ies or any third party.
  • Depending upon the performance of the underlying investments in the fund, the cash values may be higher or lower than the ones shown in the table.
  • 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 Adamjee Life Assurance Ltd., nor Khushalii Microfinance bank Limited will incur any liability for the same.
  • A personalized illustration of benefits will be provided to you by our sales representative. Please refer to the notes in the illustration for a detailed understanding of the various Terms and Conditions.
  • All service charges and taxes will be applicable as per the Bank’s “Schedule of Charges” and taxation laws as stipulated by the relevant authorities.
  • All Khushalii Mustaqbil applications are processed and approved by Adamjee Life, as per their underwriting guidelines. Khushalii Microfinance bank is not responsible for the processing and approval of these applications in any way, whatsoever.
  • This brochure only provides an introduction to the benefits available under the policy. A detailed description of how the contract works is given in the ‘Terms and Conditions’, which will be provided after the customer avails the service.