MCB Save and Assure

Be it a comfortable lifestyle, the wellbeing of your family or their future financial security, as a responsible provider to your family, you would like a comprehensive plan that gives you the guarantee to fulfill these dreams. In an increasingly uncertain world, you also need to ensure that your family is free from all financial burdens in case of any unfortunate event. Save & Assure plan gives you flexible saving, health care and family protection solutions that make sure that you have round the clock 360-degree protection to make your ‘Har Pal Mehfooz’.

Why Save and Assure

  • Provides savings care for your finances
  • Provides health care for you and your family
  • Provides investments opportunities with best returns
  • Provides specialized benefits for you family coverage
  • Provides investment options with funds being manages by MCB Arif Habib Savings and Investments Limited

Plan Details

  • Savings Care

  • Fund Details

  • Continuation Bonus

  • Health Care

  • Family Care

  • Other Benefits

  • Policy Terms & Eligibility

  • Basic Premium and Payment Modes

  • Basic Premium Allocation and Surrender Charge Structure

  • Charges

  • Disclaimer

Savings Care

Savings Care

As an informed investor, you understand that market volatility can impact your investments. Save & Assure enables you to gain control over your savings in tune with your financial needs and your risk appetite.

Saving Booster (Adhoc 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 Saving Booster payment will be allocated at 103% in the unit account and can be made & withdrawn anytime during the plan term to boost your accumulated cash value.


You can take a loan of up to 50% of the net cash surrender value, which is the Account Value minus surrender charge, after the third policy year.

Inflation Protection

This is a value-added feature to cover the inflation impact. Your contributions will increase every year by 5% of the previous years’ contributions with this option. The cash value will also Increase accordingly

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.

Amaanat (Islamic) Fund

A portfolio which offers investment in Shariah compliant equities, Government and fixed income securities.

Account Value Build-Up

Contributions made towards the plan are invested in either of Investment Secure Fund, Investment Multiplier Fund or Amaanat 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 at Adamjee Life, who adjust the investment mix in light of economic conditions and investment opportunities.

Continuation Bonus

Continuation Bonus

As you continue the plan for longer term through timely payment of at least the initial basic premium without utilization of partial withdrawal, you will gain the higher rewards in terms Of Continuation Bonuses. The extra units will be allocated to your account value. This extra unit a location is in addition to the basic units of a locations. The Continuation Bonus allocation is as follows:

Policy Year Continuation Bonus unit Allocation as % of Basic Premium to Account Value
5 20%
10 100%
15 100%
20 100%

Health Care

Health Care

With medical costs increasing considerably, Health Care option of Save & Assure ensures health protection for you and your family. It takes care of the medical treatment costs incurred due to serious accident or illness.

Optional Coverage Benefit

Critical Illness Rider

A lump sum benefit is paid to you in case you are diagnosed with one Of the isted 20 diseases during the enforce term Of this rider. This lump sum benefit is additional to your man plan benefit.

Accidental Death and Accidental Disability Benefit (AD&D)

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

Family Care

Family Care

Adamjee Life’s Save & Assure 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.

Optional Coverage Benefit

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.

Monthly Income Benefit Rider (MIB)

A monthly benefit is paid to you or your chosen beneficiary for the defined term of income benefit rider from the date of death or permanent disability

Level Term Insurance Rider (LTR)

This feature guarantees a lump Sum amount payable to the chosen beneficiary in case of death of the insured person.

Waiver of Premium Rider-Death (WOP-Death)

On death Of the insured person, Adamjee Life will pay the initial (urn-escalated) basic premiums for the remaining term of the beneficiary will receive the maturity benefit at the end Of the policy term.

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.

Other Benefits

Choice of Insurance Coverage

Minimum Cover Term 10 years
Maximum Cover Term 40 years or up to age 85 (whichever comes first)

Protection Benefit

In case the PO icy owner dies during the plan term, the sum assured or accumulated account value whichever ‘s higher, less any partial withdrawals and indebtedness, will be paid to the beneficiary (ies).

Plan Maturity Benefit

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

Free- Look Period

The plan offers a free-look period of 14 days, in which you can cancel your policy by contacting Adamjee Life, and have your premium refunded. However, as per law, Adamjee Life reserves the right to deduct the expenses incurred on medical examination(s) of the Life Assured in connection with the issuance of this Policy

Policy Terms & Eligibility

Policy Terms & Eligibility

Minimum entry Age 18 years (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 40 years

Basic Premium and Payment Modes

Basic Premium and Payment Modes

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

Payment Frequency

  • Annual
  • Semi-Annual
  • Quarterly
  • Monthly

Basic Premium Allocation and Surrender Charge Structure

Basic Premium Allocation and Surrender Charge Structure

The proportions allocated to your Account Value will be as follows:

Policy Year % Allocation of Basic Premium to Account Value Surrender Charges as % of unit account value
1 45% 100%
2 85% 50%
3 100% Nil
4 onwards 100% Nil



Policy Fee NIL
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 fee/ Partial Withdrawal fee PKR 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.



  • Save and Assure 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
  • MCB Bank Ltd. Is acting as a distributor of Save and Assure on behalf of Adamjee Life Assurance and is not responsible in any manner whatsoever to the customer, his/her beneficiary/ies or any third party.
  • All MCB Save and Assure applications are processed and approved by Adamjee Life as per our Underwriting guidelines, MCB Ltd. 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 plan. 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.