Mustakil Yaqeen Plan


Apart from working hard, you need to plan ahead. You need one solution that can connect with all your personal financials with ease and keep your family protected in case of any mishap.


Why Mustakil Yaqeen Plan


Adamjee Life products have been designed in such a way that they can be customized to cater your specific needs. Our highly trained Certified Financial Advisors understand your growing financial requirements and provide ideal tailor-made financial solutions.

Securing your future is what we do, it’s a part of who we are, so we encourage you to think ahead and start planning today.

Because something as important as your dreams cannot be left to chance

Plan Customization Options

Adamjee Life Mustakil Yaqeen is a unique life insurance plan that offers you a combination of investment and protection solutions and the flexibility to customize your plan to cater your specific needs. With a variety of riders and features you can tailor your plan to address the following future financial responsibilities.

  • Saving for children’s wedding
  • Saving for their education
  • Saving for your own post retirement income
  • Saving to buy property or house

Plan Details

  • Key Features

  • Plan Benefits

  • Fund Details

  • Optional Benefits

  • Policy Terms & Eligibility

  • Basic Premium Allocation

  • Basic Premium Allocation & Surrender Charge Structure

  • Charges

  • Disclaimer


Key Features

Key Features- Adamjee Life Mustakil Yaqeen

One stop Solution

All your financial necessities (saving, Investment and Protection) are ideally fulfilled under one umbrella

Design your Own Product

It gives you the power to design your own product as per your need with the help of our Certified Financial Advisor


In order to boost your investment, the plan offers a bonus of 3 % from 7th policy year onward and a large 30% bonus on 11th year.

Flexibility and Customization

It gives you the flexibility to choose from various diversified investment funds with a combination of investment strategies based on your particular requirements and risk appetite.

Islamic Fund Option

With Amaanat Fund you have the option to invest in investment instruments in line with your religious beliefs.

Investment Booster (Adhoc) Premium

It gives you the option to add or withdraw additional amount over and above the regular premium at any time during policy term in order to boost your investment amount.

Tax Rebate

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

Cover Multiple

You also have the freedom to increase the financial security for your loved ones by choosing an Enhanced Sum Assured through cover multiple options of up to 200 times of your premium amount.

Plan Benefits

Protection Benefit

In case of the demise of the insured during the plan term, the sum assured or accumulated account value whichever is higher less any partial withdrawals and indebtedness, will be paid to the beneficiary (ies).

Plan Maturity Benefit

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

Partial Withdrawal

To make sure that all your urgent monitory 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 3 years.

Free- Look Period

The plan offers a free-look period of 14 days, in which you can cancel your policy by contacting Adamjee Life, and have your premium refunded.

Investment Booster (Ad-Hoc)

By depositing a minimum payment of Rs. 10,000 (over and above your regular premium) you can enhance the growth of your invested capital through Investment Booster. Investment Booster payment which has no upper limit will be allocated at 100% in the unit account and can be made & withdrawn anytime during the plan term to boost your accumulated cash value. 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.

Loan Facility

After first 3 years of the policy term you can take a loan of up to 50% of the net cash surrender value, which is the Account Value minus surrender charge. Loan facility is provided to cater to your short term or immediate financial requirements.

Inflation protection (Indexation)

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

Fund Details

Account Value Build up and Unit Accumulation

Contributions made towards the plan are invested in various investment vehicles including equities, fixed interest instruments, bonds and other money market instruments. Diversification is achieved by selecting a mix of instruments in order to optimize the returns. Funds are managed by a team of expert investment managers, who adjust the investment mix in light of economic conditions, market trends and investment opportunities.

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 (Islamic) Fund

A portfolio which offers investment in Shariah compliant equities, Government and fixed income securities.

Optional Benefits

Critical Illness Rider (CI)

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 Protection (Death & Disability)

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.

Spouse Protection Rider (SPR)

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 Protection (Death)

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 Benefit Rider: (MIB)

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.

Level Term Insurance Rider (LTR)

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.

Waiver of Premium Rider-disability (WOP-Disability)

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.

Basic Premium Allocation

Min Basic Premium  
Monthly PKR. 5,000
Quarterly PKR. 10,000
Semi Annual PKR. 15,000
Annual PKR 25,000

Payment Modes:

Annual | Semi-annual | Quarterly | Monthly

Policy Terms & Eligibility

Policy Terms & Eligibility:

Min Entry Age Max Entry Age Min Policy Term
18 years
(Age nearest birthday)
65 years
(Age nearest birthday)
10 Years
Min premium paying term Max Policy Term Max Paying Term
10 Years 25 years or up to age
85 years whichever comes first
25 Years

Basic Premium Allocation & Surrender Charge Structure

Basic Premium Allocation & Surrender Charge Structure:

As you continue the policy towards its full term, your Account Value will be credited with a proportion of Basic Premiums that you pay. The proportions allocated to your Account Value will be as follows:

Policy & Premium Year % of Basic Premium Allocated to Unit Account Surrender Charges as % of Unit Account Value
1 25 100
2 75 50
3 80 25
4 90 Nil
5 & onwards 100 Nil



Policy Fee : Nil
Management (& Administration) Charge: An annual charge of 1.75% of the Cash Value deducted on a monthly basis.
Bid/Offer Spread : 5% of all premiums allocated to the Unit Account
Surrender fee/ partial withdrawal : Rs. 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.



  • Mustakil Yaqeen 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.
  • 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 Mustakil Yaqeen applications are processed and approved by Adamjee Life, as per their underwriting guidelines.
  • This brochure only provides an introduction to the benefits available under the policy. A detailed description of how the contract works is given in the ‘Terms and Conditions’, which will be provided after the customer avails the service.
  • Mustakil Yaqeen 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 Adamjee Life Assurance Ltd., will not incur any liability for the same