Life is full of uncertainties and seldom turns out the way one expects it to be. We all look for security; whether it is for our family’s future or for our savings.

Given a choice, we would leave nothing to chance when it comes to realizing dreams and securing family’s well-being. With this plan, you and your loved ones gain peace of mind and the potential of a secure financial future to meet your financial needs.

The key feature of this product is the built-in insurance cover and it also gives the Policyholder right to professionally managed diversified Unit Linked Funds. This ensures that your family and loved ones are protected and cared for even in case of your demise.

These premium payments are invested in professionally managed funds to optimize the returns and allow the money to grow.

Why Waseela-e-Zindagi

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 Saving booster payment will be allocated at 103% in the unit account and can be made & withdrawn anytime during the plan term to boost your accumulated cash value.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 upto 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. With this benefit, your premium will increase every year by 5% or 10% of the previous year’s premium.

Plan Details

  • Fund Details

  • Continuation Bonus

  • Optional Benefits

  • Additional Benefits

  • Account value Build-Up

  • Policy Terms & Eligibility

  • Basic Premium Payment mode

  • Basic Premium Allocation and Surrender Charges

  • Charges

  • Disclaimer

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 Fund:

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

Fund Switch Option:

You are entitled to two initial free fund switches at any time, each subsequent switch would be charged at Rs.300.

Continuation Bonus

Continuation Bonus

As you continue the plan for longer term through timely payment of at least initial Basic Premium and without utilization of Partial Withdrawal or Loan facility, 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 % Allocation of Basic Premium to Account Value
10 30%
15 25%
20 30%

Optional Benefits

Critical Illness Rider

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 & disability Benefit

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

Spouse Protection Rider

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

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

Level Term Insurance Rider

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)

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.

Waiver of Premium Rider (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.

Additional Benefits

Additional Benefits

Choice of Insurance Coverage

You have the option to choose from the different levels of life insurance through protection multiple for the same amount of premium.

Protection Benefit

In case the policy owner dies during the plan term, the sum assured or the accumulated account value whichever is higher, less any partial withdrawals

And indebtedness will be paid to the beneficiaries.

Plan Maturity Benefit

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

Free Look Period

The plan offers free look period of 14 days, in which you can cancel your policy by contacting Adamjee Life and get your premium refunded. However, as per law Adamjee Life reserves the right to deduct expenses incurred on medical examinations of the life assured in connection with the issuance of this policy.

Account Value Build-Up

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 funds that suits your investment strategy. The returns earned after deduction of risk charges, monthly admin and investment management charges are accredited to the unit account balance and accumulate as the policy holder’s cash value. Fund managed by a team of expert investment managers at Adamjee Life, who adjust the investment mix in light of economic conditions and investment opportunities.

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 5 years
Maximum Policy term upto age of 85

Basic Premium Payment Mode

Minimum Basic Premium

Monthly PKR: 1500
Semiannually PKR: 8,000
Quarterly PKR: 8,000
Annual PKR: 8,000

Payment Frequency

  • Annual
  • Semi-Annual
  • Quarterly
  • Monthly

Basic Premium Allocation and Surrender Charges

Basic Premium Allocation and Surrender Charges

Policy Year % Allocation of Basic Premium to Account Value Surrender Charges as % of unit account value
1 40% 100%
2 80% 50%
3 100% 25%
4 Onwards 100% Nill



Management Charges 160 Basis points of Annual yield (1.6%)
Administration Fees Nil
Policy Fees Nil
Bid/Official Spread 5% of all premiums allocated to the unit account.
Surrender fee/ partial withdrawal: Rs. 350/=

For further details, please contact our Bancassurance Sales Manager/Officer, at one of the selected Waseela Bank branches.



  • Waseela-e-Zindagi 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.
  • Waseela Bank is acting as the distributor of Waseela-e-Zindagi on behalf of Adamjee Life and is not responsible in any manner, whatsoever to the customer, her/her beneficiaries or any third party.
  • All Waseela Bank Waseela-e-Zindagi applications are processed and approved by Adamjee Life, as per their underwriting guidelines. Waseela Bank is not responsible for processing and approval of these applications in any way, whatsoever.
  • The brochure only provides an introduction to the benefits available under the policy. Ad detailed description of how the contract works is given in “terms & cond.; which will be provided after the customer avails the service.