Group Saving Solutions

Group saving solutions of Adamjee Life provides major life coverage with outstanding benefits to be the best service provider in the industry. Whereas, we understand the need of savings and investment along with basic protection keeping this need in mind we have launched Group Saving solutions.

Why Group Saving Solutions

  • Group Saving provides you highest allocation is the first year.
  • Group Saving provides 53% Bonus in the 11th Year.
  • Hassle Free Premium Deducted from your salary.
  • Portability Option, Planning to switch your job? Convert the policy in case of separation from the existing Organization.
  • Easy Claim Settlement.

Plan Details

  • Riders Available

  • Additional Benefits

  • Bonus

  • Additional Facilities

Riders Available

Level Term Rider

This feature guarantees a lump sum amount payable to your chosen beneficiary in case of death of insured person over and above the sum assured and cash value amount.

Spouse Rider

In the unfortunate event of the death of the insured person’s spouse during the enforce term of this rider, a lump sum amount is given to the nominated beneficiary. The feature is aimed at providing complete family coverage to the insured person’s family.

Accidental Death & Disability Rider

Accidents and mishaps always come unexpected and uninvited and we have to make sure that not only us but our loved ones are protected against such mishaps. With Adamjee Life Accidental Protection you assure that a substantial additional amount is paid to your chosen beneficiary in case of any unfortunate accident that may result in disability or loss of life.

Critical Illness

The CI rider provides coverage against major life threatening diseases mentioned in the policy details. In case the insured is diagnosed with any of the mentioned illnesses a lump sum benefit is paid. This lump sum amount is in addition to your main plan benefit.

Accidental Death Rider

With Adamjee Life Accidental Protection rider the nominated beneficiary receives a lump sum amount in case the insured person dies due to an accident.

Monthly Income Rider

MIB rider as the name suggests, provides monthly income to the family of the insured for the defined term of income benefit rider from the date of death or permanent disability.

Waiver of Premium- Disability / Critical Illness

If god forbid, the insured person gets permanently disabled Adamjee Life will bear the annual basic premiums for the remaining term of the rider and the insured person will receive the maturity benefit at the end of the policy term. This rider acts as a protection for the insured person’s policy in case of any mishap.

Waiver of Premium-Death

On Death of the insured person, Adamjee Life will pay the initial (un-escalated) basic premium for the remaining term of the rider to the beneficiary.

Additional Benefits

Annuity Term

Annuity Benefit Time Period
Annuity Term 5, 10, 15, 20 Years (Optional)



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.

Policy & Premium Year % of Initial Basic Premium Allocated to Unit Account
Year 7 to 10 3%
Year 11 53%
Year 12 to 14 3%
Year 15 onwards 5%

Additional Facilities

Loan Facility

The amount of loan may not exceed 50% of the amount which, with interest to the end of the Policy year, will equal the Net Cash Surrender Value at the time of the loan being granted. Whereas, the loan interest percentage will depend on current market value.

Partial withdrawal

The Policyholder may make partial withdrawals from his/her fund after the policy has been inforce for at least 2 yrs. 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 Rs. 10,000. The minimum Net Cash Surrender Value limit may be revised by the Company from time to time.

Conversion Option

The Policyholder has the option to convert his policy under the Group Savings Plan to an identical individual life plan. The Conversion Option can be exercised at the time when the Policyholder ceases to be an employee/member of the Group Master Policyholder (e.g. due to cessation of employment or Association membership) or at the time of termination of the Group Master Policy.