Himayat-Al-Usra Plus

Highly flexible Single contribution investment plan with benefit of Family Takaful Coverage packaged in Attractive returns with choice of funds to match your risk appetite.

Why Himayat Al Usra Plus

  • Highest 1st year Investment Allocation (75%}
  • Early Break Even in the certificate for participants investing with short term strategy
  • Minimum Contribution payment term 5 Years
  • Free Built in 2 million accidental death coverage during Hajj
  • Extra guaranteed 50% education, Wedding or Retirement Bonus
  • No surrender charges from the beginning of the certificate
  • 100% regular contribution allocation from 3rd year onwards
  • Unmatched bonus structure in the industry and Guaranteed Bonus on 5th, 7th & 10th year to maximize returns.
  • Unique optional waiver of contribution rider on Death & Disability
  • Investment Top up Ad Hoc Booster 102%

Plan Details

  • Optional Supplementary Benefits

  • Protection Benefits

  • Certificate Term and Eligibility

  • Basic Contribution Payment mode

  • Contribution Allocatlon & Wakala tul lstlsmar Fee Structure

  • Charges

Certificate Term and Eligibility

Certificate Term and Eligibility

Minimum entry age 18 years
Maximum entry Age 70 Years
Minimum Certificate term 05 years
Minimum Contribution paying term 05 years
Maximum Certificate term 25 years or up to age of 85 whichever comes first

Protection Benefits

Protection Benefits

Protection Multlple

5 to 30times of the Annualized Basic Contribution (Basic Contribution x Mode Frequency = Annualized Basic Contribution).

Monthly Annuity Benefit

On survival of the Person Covered till maturity of the Certificate, the Monthly Annuity Benefit will be given as per the term selected by the Person Covered. The term can be 5, 10, 15 or 20 years. The PIA units will remain invested over the annuity term.

Optional Supplementary Benefits

Optional Supplementary Benefits

You can enhance the Protection Benefit by selecting any or all of the following optional Supplementary Benefits subject to payment of additional contribution.

Spouse Protection Supplementary Benefit

In the unfortunate event of the death of the covered person’s spouse during the enforce term of this Supplementary Benefit, the Supplementary Benefits’ sum covered is payable.

Level Term Supplementary Benefit

The feature guarantees a lump sum amount payable to the chosen beneficiary in case of death of the person covered.

Waiver of Contribution Supplementary Benefit (WOC­ Death)

On death of the person covered, ADAMJEE LIFE ASSURANCE COMPANY LIMITED – WINDOW TAKAFUL OPERATIONS will contribute the initial (un-escalated) basic contribution from the WAQF FUND for the remaining term of the rider. The beneficiary will receive the maturity benefit at the end of the certificate term.

Critical Illness Supplementary Benefit

A lump sum benefit is paid to person covered in case he/she are diagnosed with one of the listed 20 diseases during the enforce term of this Supplementary Benefit.

Accidental death & Disability

A lump sum benefit is paid to person covered in case of his disability or the chosen beneficiary in case of accidental death.

Waiver of Contribution Supplementary Benefit (WOC­ Disability)

On total permanent disability of the person covered, ADAMJEE LIFE ASSURANCE COMPANY LIMITED – WINDOW TAKAFUL OPERATIONS will contribute the initial (un-escalated) basic contribution from the WAQF FUND for the remaining term of the supplementary benefit or earlier recovery or death.

Monthly Income Benefit

On the death or permanent/total disability of the person covered due to accident or sickness during the in-force term of this supplementary benefit, ADAMJEE LIFE ASSURANCE COMPANY LIMITED – WINDOW TAKAFUL OPERATIONS shall pay a monthly income benefit for the remaining term of this Supplementary Benefit or earlier recovery or death.

Basic Contribution Payment mode

Basic Contribution Payment mode

Mode Minimum Contribution per installment
Annual Rs.8,000/-
Semi-annual Rs.8,000/- (Rs. 16,000/- annually)
Quarterly Rs.8,000/- (Rs. 32,000/- annually)
Monthly Rs.3,000/- (Rs. 36,000/- annually)

Contribution Allocatlon & Wakala tul lstlsmar Fee Structure

Contribution Allocatlon & Wakala tul lstlsmar Fee Structure

Certificate Year % of Basic Contribution Allocated to Participant Investment Account (PIA) Additional Wakala Fee as % of Participant Investment Account (PIA)
1 750
2 900
3 & onwards 1000

Bonus Allocation

Bonus Allocation

As you continue the participation for longer term you will gain the higher rewards in terms of Continuation Bonuses. The extra units will be allocated to your account value. This extra units allocation is in addition to the basic units of allocations, provided Certificate has been in-force through the regular and timely payment of Contributions, not being lower or less than the initial Basic Contribution and there has been no partial withdrawal taken from the Certificate. The Continuation Bonus allocation is as follows.

Certificate Year % of Initial Basic Contribution Allocated to PIF Account
5 10%
7 20%
10 30%
Life Event Bonuses*

– 50% Bonus on Son’s University Admission
– 50% Bonus on Daughter’s Wedding
– 50% Bonus on Retirement

*After completion of 10 certificate years and certificate remains inforce through timely payment of contribution regardless of the maturity of the Certificate, the participant is eligible for Bonus on any one of these Life events (whichever comes first) during the entire tenure of the certificate. Subject to satisfactory proofs.

Partlal Wlthdrawal

Certificate offers the option of making partial withdrawals from your PIA Withdrawals can be made 4 times in a certificate year and are limited to 50% of the net cash surrender value available in PIA subject to maintaining a minimum balance of Rs. 10,000/-

lnflatlon protection: (Indexation)

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

Charges

Charges

Certificate Fee Nil
Fund Management Charges An annual Fee of 1.75% of the Cash Value from the PIF deducted on a monthly basis.
WakalatulIstimaar Fee Year1:25%, Year 2: 10%
Year 3 and onwards: 0%
Bid/ Offer Spread 5% of all contributions allocated to the unit account
Takaful Contribution With reference to attained age and based on the mortality table. A portion of 35% of Takaful Contribution will go to Operator’s Sub-Fund as PTF management fee.
Surrender & Partial withdrawal Processing Fee Rs. 350/-
Fund Transfer Fee The first two switches in a certificate Year are free. A charge of Rs. 300 will be made for any further switches in that year
Mudharib’s Share 30% p.a. on investment return of the WAQF