Waseela-e-Zindagi plus

Waseela E Zindagi Plus is a specially designed product to fulfill all your insurance needs. Adamjee Life Assurance, in partnership with Mobilink Microfinance Bank has introduced a flexible 5-year investment plan, that offers coverage up to 200 times the premium with the additional benefit of your family’s security.

Why Waseela-e-Zindagi

Loan Facility

This product offers you take a loan of up to 50% of net cash surrender value.

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.

Partial Withdrawal

The customer may make partial withdrawals from their fund after the policy has been inforce for at least 3 years. Partial withdrawals can be taken up to four times in any Policy Year and are limited to 50% of the net cash surrender value subject to maintaining a minimum Net Cash surrender value of PKR 10,000.

Saving Booster Ad-Hoc Premium

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 at a net value of 103%.

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:

Policy Year% of Basic Premium Allocated to Fund

Investment Objectives

Strategically invest in equity and debt markets with the objective of maximizing returns for the investor. Funds are managed by a team of expert investment managers who adjust the investment mix in light of economic conditions and investment opportunities.

Plan Details

  • Fund Details

  • Optional Coverage Benefits

  • Plan Benefits

  • Policy Terms And Eligibility

  • Basic Premium Payment Modes

  • Basic Premium Allocation

  • Charges

  • Disclaimer

Fund Details

Investment Options

Investment Secure Fund- II

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.

Fund Switch Option:

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

Optional Coverage Benefits

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

Plan Benefits

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.

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.

Plan Maturity Benefit

At the time of the maturity of the policy term, the insured will get the amount equal to their account value (less any indebtedness)

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.

Policy Terms & Eligibility

Policy Terms & Eligibility

Minimum Entry Age 18 years
Maximum Entry Age 60 years
Policy Term 05 years
Premium Paying Term 05 Years

Basic Premium Payment Mode

Minimum Basic Premium

Monthly Rs. 10,000/-
Quarterly Rs. 25,000/-
Semi-annual Rs. 50,000/-
Annual Rs. 100,000/-

Basic Premium Allocation

Basic Premium Allocation

Policy Year % Allocation of Basic Premium to Account Value Surrender Charges as % of unit account value
1 70% 100%
2 90% 50%
3 100% Nil
4 100% Nil
5 100% Nil



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 Charges PKR 350/-
Fund Switching Charges: 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.



  • 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.