Investment Options

Level Term Insurance Rider

The feature guarantees as lump sum amount payable to the chosen beneficiary in case of death of the insured person.

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.

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.

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.

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 Rider

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

Plan Benefits

Policy Terms & Eligibility

Minimum Basic Premium

Basic Premium Allocation and Surrender Charges

Charges

Continuation Bonus

Bonus Allocation applies to Policies that have remained inforce through timely payment of at least initial Basic Premium and without utilization of Partial Withdrawal or Loan facility. The extra units will be allocated to your account value. This extra allocation of units is in addition to the basic units of allocations. The continuation bonus allocation is as follows:

Disclaimer

• Waseela-e-Zindagi Plus 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.
• Mobilink Microfinance Bank is acting as the distributor of Waseela-e-Zindagi Plus 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-e-Zindagi Plus applications are processed and approved by Adamjee Life, as per their underwriting guidelines. Mobilink Microfinance Bank is not responsible for 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 “terms & conditions” which will be provided after the customer avails the service.
• Waseela-e-Zindagi Plus is a Unit Linked Plan which is subject to investment risk. The investment risk shall be borne by the policy holder and actual maturity and surrender values may be lower or higher than the projected figures.
• 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 Mobilink Microfinance Bank 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.