Apna Saving Plan

For your loved ones who rely on you financially.

One of the biggest concerns people have when it comes to their personal finances is how their spouse, children and other dependents will cope in their absence.

Adamjee Life offers Apna Saving Plan – A plan that provides a savings opportunity coupled with life insurance protection at an affordable annual premium. Ideal during the years your dependents need it most, Apna Savings provides protection in case of the untimely demise of the breadwinner.

With this plan a part of the premium an individual pays is used to provide life cover and the remaining part is invested to generate return as per the selected fund. With multiple fund options available, it provides returns on your savings as per your appetite.

What is Apna Saving

This is a flexible premium unitised investment linked assurance plan that gives the Policyholder access to professionally managed Unit Linked Funds with the benefit of life insurance cover packaged in. Premiums are mainly used to purchase units in the Funds.

The Cash Value of the Policy will vary directly with the investment performance of the Funds. To cater to a Policyholder’s changing needs, the plan provides many flexible options such as altering his/her investment and protection level, topping up, switching among Unit Funds, etc. The Policyholder can also apply for Major Illness cover for added protection.

Plan Details

  • Fund Details

  • Plan Benefits

  • Continuation Bonus

  • Optional Benefits

  • Basic Premium Allocation

  • Surrender Charge Structure

  • Charges

  • Certificate Term & Eligibility

  • Basic Contribution Payment mode

  • Disclaimer

Fund Details

Investment Options

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.

Plan Benefits

Annuity Benefit:

Depending on the option selected at the start of the policy, on survival of the life assured till the maturity of the policy, the lump-sum maturity proceeds (including the ad-hoc fund) of the policy can be paid as a unit-linked annuity benefit for the selected annuity term. Once commenced, the annuity is payable in monthly installments and is not dependent on the life of the insured person. The insured person has the option to stop or reduce the annuity payment and take the balance of the unit fund as a full or partial lump-sum at any time during the term of the annuity.

Additional Benefits

With a host of options to enhance your savings, Apna Saving enables the investors to save as per their requirement

Saving Booster Ad-hoc Premium

With a minimum payment of Rs. 10,000, Apna Saving enables customers to boost their investments. These payments are 100 % allocated to the savings portion resulting in the required fund growth.


You can take a loan of up to 50% of the net cash surrender value, which is the Account value minus surrender charge, after the 2nd policy year.

Tax Rebate

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

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 3 years.

Continuation Bonus

Continuation Bonus

Regular premium payments and plan continuity is rewarded 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 Apna Saving is as follows:

Policy / Premium Year Continuation bonus allocation as a % of initial basic premium % to Basic Premium to Account Value
Year 6 15%
Year 11 25%
Year 16 25%

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

Optional Benefits

Optional Benefits

Accidental 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.

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.

Account Value Build-up

Premiums paid for Apna Saving are invested either in Investment Secure Fund, Investment Multiplier Fund or Amaanat (Islamic) Fund. You can choose to invest fully in one of the fund 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.

Basic Premium Allocation

Basic Premium Allocation

Policy / Premium Year Allocation Percentage
1 35%
2 80%
3 90%
4 & onward 100%

Surrender Charge Structure

Surrender Charge Structure

Policy & Premium Year Surrender Charges as % of Unit Account Value
1 100
2 100
3 Onwards Nil

Surrender Charges


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 contributions allocated to the unit Account
Surrender Charge Rs. 350/-
Fund Switching 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.

Certificate Term & Eligibility

Certificate Term & Eligibility

Minimum entry age 18 years (Age nearest Birthday)
Maximum entry Age 65 Years (Age nearest Birthday)
Min policy term 10years
Min premium paying term 10 years
Max Policy Term 25 years or up to age 85 years whichever comes first
Max Paying Term Equal to Policy Term

Basic Contribution Payment mode

Minimum Contribution

Mode Minimum Contribution
per installment
Maximum Contribution
Annual Rs. 8,000/- Rs. 24,999/-

Payment Mode: (Annual only)



  • Apna Saving 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.
  • All Apna Saving applications are processed and approved by Adamjee Life, as per their underwriting guidelines.
  • The brochure only provides an introduction to the benefits available under the policy and detailed description of how the contract works is given in ‘Terms and Conditions’ which will be provided after the customer avails the service.
  • 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.
  • Apna Saving 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.