Zamanat Savings Plan

In today’s fast paced economy savings for the future needs of self and the loved ones have become difficult yet inevitable. Zamanat Savings plan offers you just that. Not only does it provides financial protection to your loved ones through life insurance coverage but also helps in managing your finances through savings so that you are able to meet your financial objectives.

Why Zamanat Savings Plan

In Zamanat Savings Plan be it your own retirement plan, savings for building your own house or just efficient management of your funds, Adamjee Life’s Zamanat Savings Plan is your one stop solution for all your financial planning.

Saving Booster Ad-hoc Premium

With a minimum payment of Rs. 10 ,000, Zamanat Savings plan enables customers to boost their investments. These payments are 100 % allocate 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.


  • Zamanat Savings 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 premiums will increase every year by 5% / 10 % of the previous years’ 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

  • Basic Premium Allocation

  • Charges

  • Disclaimer

  • FAQs

  • Riders Available

Fund Details

Investment Options

Premiums paid for Zamanat Savings 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.

Continuation Bonus

Continuation Bonus

Zamanat Savings 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 Zamanat Savings plan is as follows:

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

On complete of Policy Year % of Initial Basic Premium
Allocated to Unit Account
10 30%
15 35%
20 35%

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 be from 5 and up to 200 cover multiples of the basic annual premium.

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, Zamanat Savings 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 Zamanat Savings 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 up to age 85 years.
Max Paying Term Equal to Policy Term

Basic Premium Allocation

Basic Premium Allocation

Policy Year % of Basic Premium Allocated to Unit Account Surrender Charges as % of Unit Account Value
1 45% 100%
2 80% 50%
3 100% 25%
4 & onwards 100% Nill

Basic Premium Payment Mode

Basic Premium and Payment Mode

Payment Mode Min Basic Premium
Annual 12,000
Semi Annual 6,000 (Rs. 12,000/- annually)
Quarterly 4,000 (Rs. 16,000/- annually)
Monthly 1,500 (Rs. 18,000/- annually)



Management Charges An annual charge of 1.75% of the Cash Value deducted on a monthly basis
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 Zamanat Savings Plan?

Zamanat Savings plan is a unit linked plan offering life insurance protection and savings in a fund of your choice.

Q2. What are the minimum premium payment requirements?

You can subscribe to Zamanat Savings Plan with a minimum of Rs.12,000 annual, Rs. 6,000 semi-annual, Rs.4,000 quarterly or Rs. 1,500 monthly premium

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

Zamanat Savings 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 (+9221) 111-115-433

Q5. Does the plan offer any Free Look Period?

Zamanat Savings 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 Zamanat Savings plan?

Zamanat Savings 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- Disability

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.

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

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.

Spouse’s Rider

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

Critical Illness

On occurrence of listed disease during the inforce term of this rider, the rider sum assured is payable