Khidmat Education and Marriage Plan

Addressing the needs of every household, Adamjee Life introduces Khidmat Education and Marriage Plan. A plan enabling you to meet your financial objectives for two major family milestones i.e. Higher Education for Children and Marriage.

Why Khidmat Education and Marriage Plan

With Khidmat Education and Marriage Plan, you can now ensure that your funds are saved and they grow in accordance with your financial objectives, all the while giving you and your family the protection and coverage that they need with life insurance packaged in.

Saving Booster Ad-hoc Premium

With a minimum payment of Rs. 10 ,000, Khidmat Education and Marriage Plan enables customers to boost their investments. These payments are 100% allocated to the savings portion resulting in the required fund growth. You can also choose to adjust regular premiums from top-up cash value subject to sufficient units being available in the top-up account value.


Khidmat Education and Marriage plan allows you to take a loan of up to 50% of the net cash surrender value, which is the Account value minus surrender charge.

Inflation Protection

This is a value-added feature to cover the inflation impact. Your basic premiums will increase every year by 5% or 10% of the previous years’ basic premiums with this option. The cash value will also increase accordingly.

Plan Details

  • Fund Details

  • Continuation Bonus

  • Other Benefits

  • Policy Terms & Eligibility

  • Basic Premium Payment mode

  • Charges

  • Disclaimer

  • FAQs

  • Riders Available

Fund Details

Investment Options

Premiums paid for Khidmat Education and Marriage plan are invested either in Investment Secure Fund, Investment Multiplier Fund or Amaanat (Islamic) 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 credited to the unit account balance and accumulate as the policyholder’s cash value.

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

Khidmat Education and Marriage Plan rewards Regular premium payments and plan continuity in the form of continuation bonuses. The extra units are allocated to your account value. This extra unit allocation is in addition to the basic units of allocations. The Continuation Bonus allocation for Khidmat Education and Marriage plan is as follows:

Policy Year % Allocation of Basic Premium to Account Value
5 10%
7 25%
10 100%
15 100%
20 100%

The bonuses are payable subject to timely payment of premiums no less than the initial basic premiums, given that no partial withdrawals or loans are taken during the term of the policy.

Other Benefits

Protection Benefits

In case of demise of the insured during the plan term, the sum assured or the Account Value whichever is higher less any indebtedness will be paid. The sum assured can vary from 5 and up to 200 cover multiples of the basic annual premium, depending upon insured’s age at entry.

Plan Maturity Benefits

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

Additional Benefits

With a host of options to enhance your savings, Khidmat Education and Marriage plan enables the investors to save as per their requirement.

Tax Rebate

You can enjoy the benefits of Tax savings on life insurance by investing in Khidmat Plan.

Partial Withdrawal

To make sure that all your urgent monetary requirements are taken care of, the plan offers the option of making partial withdrawals from your account value after the plan has been enforce for at least 3 years. Partial withdrawals are limited to 50 % of the Net Cash Surrender Value, subject to maintaining a minimum Net Cash Surrender value of Rs. 10,000/-.

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 25 years or upto age of 85 whichever comes first.
Max Paying Term Equal to Cover Term

Basic Premium Payment Mode

Basic Premium and Payment Mode

Payment Mode Min Basic Premium
Annual 50,000
Semi Annual 25,000 (Rs. 50,000/- annually)



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/=



  • This product is underwritten by Adamjee Life Assurance Company Limited. It is not guaranteed or insured by National Bank of Pakistan or its affiliates and is not a product of the Bank
  • National Bank of Pakistan is acting as a distributor on behalf of Adamjee Life Assurance and is not and shall not be held responsible in any manner whatsoever to any person, including but not limited to the insured customer(s) or beneficiary(ies)
  • Khidmat Education and Marriage Plan 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.
  • All Khidmat Education and Marriage Plan applications are processed and approved by Adamjee Life, as per their underwriting guidelines. National Bank of Paksitan 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. 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 National Bank of Pakistan 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



Q1. What is Khidmat Education and Marriage Plan?

Khidmat Education and Marriage plan is a unit linked plan offering life insurance protection and savings in your choice of fund.

Q2. What are the minimum premium payment requirements?

You can subscribe to Khidmat Education and Marriage plan with a minimum of Rs. 50,000 annual or Rs. 25,000 semi-annual premium.

Q3. How can I apply and what are the age limits?

Khidmat Education and Marriage plan is available at selected National Bank of Pakistan Branches. National Bank Account holders who fall between the age limits of 18 – 70 years can apply for the plan. The maximum coverage age is 85 years.

Q4. Who should I contact in case of any further queries?

For further queries you can contact Adamjee Life Assurance at (+922) 111-115-433

Q5. Does the plan offer any Free Look Period?

Khidmat Education and Marriage plan offers a free look period of 14 days starting from the time the policy documents are received by the Insured.

Q6. What is the name of the Insurance Company offering Khidmat Education and Marriage plan?

Khidmat Education and Marriage plan is being offered by Adamjee Life Assurance Company which is one of the leading life insurance companies in Pakistan

Riders Available

Riders Available

Level Term Insurance Rider

On death of the insured person during the inforce term of this rider, the rider sum assured is payable.

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 remain- ing term of the rider.

Waiver of premium Rider- Death

On permanent and total disability of the insured person, Adamjee Life will pay the initial (un-escalated) basic premium for the remaining term of the rider.

Accidental Death & Disability Rider

Accidental Death & 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.