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.
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
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.
Basic Premium Allocation
All your ﬁnancial necessities (saving, Investment and Protection) are ideally fulﬁlled under one umbrella
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.
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.
With Amaanat Fund you have the option to invest in investment instruments in line with your religious beliefs.
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.
You can enjoy the beneﬁts of Tax savings on life insurance by investing in the plan.
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.
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).
At the time of maturity of the policy term the insured will get the amount equal to his/her account value.
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.
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.
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.
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.
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.
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.
To offer steady returns, the portfolio offers investment in a variety of Government and ﬁxed income securities with minimal exposure in equities.
To offer maximum returns, the portfolio is diversiﬁed and balanced with a mix of equity investments, real estate, Government and ﬁxed income securities.
A portfolio which offers investment in Shariah compliant equities, Government and ﬁxed income securities.
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.
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.
With Adamjee Life Accidental Protection rider the nominated beneﬁciary receives a lump sum amount in case the insured person dies due to an accident.
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.
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.
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.
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|
|Semi Annual||PKR. 15,000|
Annual | Semi-annual | Quarterly | Monthly
|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.|