Adamjee Life Save and Assure Plan

Because peace of mind has no price

Be it a comfortable lifestyle, the wellbeing of your family or their future financial security, as a responsible provider to your family, you would like a comprehensive plan that gives you the guarantee to fulfill these dreams. In an increasingly uncertain world, you also need to ensure that your family is free from all financial burdens in case of any unfortunate event. Adamjee Life Save & Assure plan gives you flexible saving, health care and family protection solutions that make sure that you have round the clock 360-degree protection to make your ‘Har Pal Mehfooz’.

Disclosure of Product: This is a life insurance product which has two distinct elements i.e. Insurance Protection and Investment. The Investment Component is linked to the performance of underlying assets under unit-linked fund(s).

Unit Allocation & Surrender Charges:

Following is the proportion of basic plan allocated to investment:

Key Benefits:

• Protection Benefit
• Choice of Insurance Coverage
• Maturity Benefit
• Saving Booster (Ad-hoc Premium)
• Loan Facility
• Partial Withdrawal
• Inflation Protection (Optional)
• Annuity Benefit (Optional)

Free Look Period:

The plan offers a free-look period of 14 days during which you can cancel your policy by contacting Adamjee Life, and have your premium refunded. However, Adamjee Life reserves the right to deduct the expenses incurred on medical examination(s) of the Life Assured in connection with the issuance of this Policy (if any).

Fund Management:

1. Low Risk Funds:
   • Investment Secure Fund (Income Fund): Low risk fund with aim to offer regular and steady returns from investment in wide variety of fixed income securities including bank deposits, government Securities etc without any exposure to corporate bonds and equities.
2. Moderate to High Risk Funds:
   • Investment Multiplier (Aggressive Fund):High risk fund with aim to earn higher returns in medium to long term by investing in diversified mix of equities, fixed income instruments and real estate.
   • Managed Growth Fund (Balanced Fund):Medium risk fund with aim to provide growth in investment value by investing in fixed income instruments, equities and real estate.

Policy Eligibility:

• Minimum Entry Age: 18 years (Age Next Birthday)
• Maximum Entry Age: 70 years (Age Next Birthday)
• Minimum Policy Term:10 years
• Maximum Policy Term: 40 years or up to age of 80 exact, whichever comes first.
• Minimum Premium Paying Term:10 years
• Maximum Paying Term: Equal to cover term

Payment Modes:

Charges:

• Policy Fee: Nil
• Management & Administration Charges: 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 Fee: PKR 500 per surrender or partial withdrawal.
• Fund Switching: The first two switches in a Policy Year are free. A charge of PKR 300 will be made for any further switches in that Policy Year.
• Mortality charges: Applied on Sum at Risk on attained age basis.

*All charges are reviewable by the Company

Apply for Adamjee Life Save and Assure Plan today

For further details, please contact our Bancassurance Sales Manager / Officer at one of the selected MCB Bank Branches, or call 111-000-622.

For brochure kindly refer to: https://www.adamjeelife.com/en/bancassurance

Note:

• This product is underwritten by Adamjee Life Assurance Co. Ltd. It is not guaranteed or insured by “Bank” or its affiliates and is not a product of the MCB Bank.
• MCB Bank is acting as a corporate insurance agent of Adamjee Life Assurance Co. Ltd. which underwrites the policy and shall not be held responsible for any liability under the policy in any manner whatsoever to the policyholder(s) or claimants(s).
• Adamjee Life Save & Assure Plan is a Unit Linked Plan which is subject to investment risk. The investment risk shall be borne by the policyholder and actual maturity and surrender values may be lower or higher than the projected figures.
• All Adamjee Life Save & Assure Plan applications are processed and approved by Adamjee Life Assurance Co. Ltd., as per their underwriting guidelines. MCB Bank is not responsible for processing and approval of these applications in any way, whatsoever.
• This brochure only provides an introduction to the benefits available under the policy. A detailed description of how the contracts works is given in “Terms & Conditions” attached with the policy document, which will be provided after the policy is issued.
• The past performance of the investment fund is not necessarily a guide to future performance. Any forecast is not necessarily indicative of future or likely performance of the funds and neither Adamjee Life Assurance Co. Ltd. nor “Bank” will incur any liability for the same.
• 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 along with in the projected cash values. These values are only for understanding purpose and can be go up or down and not guaranteed.

Adamjee Life Maymar Mustakbil Plan

If you are looking for a simple, affordable and short-term life cover protection with minimum 5 years term, Adamjee Life Maymar Mustakbil Plan is the best option to go for. It provides an easy and low-cost solution to help protect your loved ones. Adamjee Life Maymar Mustakbil Plan is a high allocation flexible premium unitized investment linked assurance plan that not only provides a life coverage but it also gives you the opportunity to invest your hard earned money in professionally managed Unit Linked Funds of your choice.

Disclosure of Product: This is a life insurance product which has two distinct elements i.e., Insurance Protection and Investment. The investment component is linked to the performance of underlying assets under unit linked fund(s).

Basic Premium Allocation, Allocation charges & Surrender Charges:

Basic premium allocation, allocation charges and surrender charges are given in below schedule:

*Surrender Charges will be NIL from the 3rd policy year given that two full years' premiums have been paid and 24 policy months have been completed. A surrender charge will be applied if the policy is surrendered within 24 months from the date of issue.

Disclaimers:

• This product is underwritten by Adamjee Life Assurance Co. Ltd. It is not guaranteed or insured by “MCB Bank” or its affiliates and is not a product of the Bank.
• The Bank is acting as a corporate insurance agent of Adamjee Life Assurance Co. Ltd which underwrites the policy and the Bank shall not be held responsible for any liability under the policy in any manner whatsoever to the policyholder(s) or claimant(s).
• Adamjee Life Maymar Mustakbil Plan is a Unit Linked Plan which is subject to investment risk. The investment risk shall be borne by the policyholder and actual maturity and surrender values may be lower or higher than the projected figures.
• Adamjee Life Maymar Mustakbil Plan applications are processed and approved by Adamjee Life, as per their underwriting guidelines. MCB is not responsible for the processing and approval of these applications in any way, whatsoever.
• 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 policy provisions, which will be provided after the policy is issued.
• The past performance of the investment 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 neither Adamjee Life Assurance Company Ltd. nor MCB Bank will incur any liability for the same.
• A personalised 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 along with the projected cash values. These values are only for understanding purposes and can go up or down, and are not guaranteed.

Adamjee Life Protection Plus Plan

If you are looking for a life protection benefit with one-year term that allows you to quickly access ample coverage with a flexible commitment, Adamjee Life Protection Plus Plan is the ideal pick for you.

Adamjee Life Protection Plus Plan offers you upto2.5 Million rupee coverage> against reasonable annual premium amount.

Disclosure of Product: This is a life insurance product which has two distinct elements i.e. Insurance Protection and Investment. The Investment Component is linked to the performance of underlying assets under unit-linked fund(s).

Basic Plans and Premium:

Adamjee Life Protect plan

Secure your family's financial future with Adamjee Life’s comprehensive insurance product, designed to provide you with peace of mind and financial stability. Adamjee Life Protect Plan offers 1-year life insurance cover that is renewable annually, providing you with flexibility and convenience.

With Adamjee Life Protect, you can enjoy a life cover of up to 1 million, ensuring that your loved ones are protected in the event of your untimely death.

Adamjee Life Protect is available digitally, making it easy to purchase and manage online, without any hassle. With Adamjee Life Protect, you can rest assured that you have taken the necessary steps to secure your family's future.

For MCB Bank Customers Only

Adamjee Life Protect Plan is exclusively designed for MCB Bank customers and can be conveniently obtained through MCB Live app and website. Under the Adamjee Life Protect Plan, 4 different plans are available for selecting a life insurance offering of your choice.

Benefit Description Under the Adamjee Life Protect Plan

Adamjee Life will pay the selected Sum Assured on death of life assured during the inforce term of plan.

Benefit & Premium details:

Adamjee Life Sehat Zamanat Plan

Protect your family's financial future with Adamjee Life’s innovative insurance term product, designed to provide comprehensive coverage and financial stability. With Adamjee Life Sehat Zamanat Plan, you can enjoy the peace of mind that comes from knowing your loved ones will be taken care of, no matter what.

Our plan not only offers a cover that pays out a lump sum in the event of accidental permanent and total disability, but also provides daily cash benefits in case of hospitalization due to sickness or accident. Plus, Adamjee Life Sehat Zamanat is available digitally, making it easy to opt and manage online, without any hassle.

Choose Adamjee Life Sehat Zamanat Plan today and secure your family's financial well-being.

For MCB Bank Customers Only

Adamjee Life Sehat Zamanat Plan is exclusively designed for MCB Bank customers and can be conveniently obtained through MCB mobile app and website. Under the Adamjee Life Sehat Zamanat Plan, 4 different plans are available to choose from.

Benefit Description Under the Adamjee Life Sehat Zamanat

• Zamanat Plan

  Adamjee Life will pay the daily cash benefit for each 24-hour period of hospital confinement up to a maximum of 120 days in a policy year. Per confinement benefit is limited to a maximum of 30 days of Hospitalization.

• Accidental Permanent Total Disablement Benefit

  If the Insured Person sustains permanent total disability due to accidental causes, and within 90 days of the accident, suffers any of the losses set out in the Policy’s term and conditions, then the Accidental Disability Sum Assured is payable.

• Accepted Hospitals

  Benefit will be payable upon admission to any registered hospital in Pakistan. It is not restricted to panel hospitals.

Fund Management:

• Low Risk Funds:

Investment Secure Fund (Income Fund): Low risk fund with aim to offer regular and steady returns from investment in wide variety of fixed income securities including bank deposits, government Securities etc without any exposure to corporate bonds and equities

• Moderate to High risk funds include:

Investment Secure Fund II (Income Fund): Moderate risk fund with aim to offer regular and steady returns from investment in wide variety of fixed income securities including banking deposits, government securities, corporate bonds etc. without any exposure to equities.

Investment Multipper (Aggressive Fund): High risk fund with aim to earn higher returns in medium to long term by investing in diversified mix of equities, fixed income instruments and real estate.

Amaanat Fund (Balanced Fund): Medium Risk fund with aim to provide growth in investment value by investing in shariah comppant debt instruments, equities and real estate.

Managed Growth Fund (Balanced Fund): Medium risk fund with aim to provide growth in investment value by investing in fixed income instruments, equities and real estate.

Free- Look Period

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

Policy Terms & Eligibility

Benefit Limits per Insured Person

Premium

You can opt any of the above offered coverages by paying premium:

Eligibility

MCB Bank customers within the age bracket of 18-59 years can subscribe to Adamjee Life Sehat Zamanat. The product provides coverage up to a maximum of 60 years of age. 15 days waiting period from policy commencement date shall be applicable for sickness related hospitalization

How to Subscribe?

You can subscribe to Adamjee Life Sehat Zamanat Plan through MCB mobile app and website. Just sign-in/up your MCB mobile app/website account and complete the Adamjee Life Sehat Zamanat Plan form. You will be required to provide your beneficiary details along with a consent for deduction of the chosen premium from your account. Within 24 hours of subscription, you will be able to access your coverage documents along with the detailed policy terms and conditions via link that will be shared via SMS and/or email by Adamjee Life Assurance Company Limited.

Exclusions*

The Company will not be liable to pay a benefit if any claim arises directly or indirectly from:

• Pre-existing medical conditions
• Hospital confinement of less than 24 hours.
• Sickness related hospitalization claim during the waiting period
• Any OPD medical treatment in the hospital/any cosmetic procedure/mental or nervous disorders or disease.
• Congenital anomalies and conditions arising out of or resulting there from
• Self-inflicted injury/suicide
• Hazardous occupation and duties in armed services
• Extreme/Professional sports
• War/War-like operations
• Involvement in illegal activities
• The use of nuclear, biological, chemical or explosive weapons or any radioactive contamination
• HIV / AIDS
• Pregnancy, childbirth, abortion or miscarriage
• An insured Person involved in an Accident while the insured Person
  • was driving any kind of vehicle under the influence of alcohol.
  • had taken a drug, unless it is proved that the drug was taken in accordance with proper medical prescription and not for treatment of drug addiction

*For detailed exclusions, please review the terms and conditions

Disclaimers

• This product is underwritten by Adamjee Life Assurance Co. Ltd. It is not guaranteed or insured by “Bank” or its affiliates and is not a product of the Bank.
• Adamjee Life Sehat Zamanat Plan applications are processed and approved by Adamjee Life, as per their underwriting guidelines. MCB bank is not responsible for the processing and approval of these applications in any way, whatsoever.
• 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.
• The Bank is acting as a corporate insurance agent of Adamjee Life Assurance Co. Ltd. which underwrites policy and the Bank shall not be held responsible for any liability under the policy in any manner whatsoever to the policyholder(s) or claimant(s).

Apply for Adamjee Life Protect Plan today

For further details, please contact our Bancassurance Sales Manager / Officer at one of the selected MCB Bank Branches, or call 111-000-622.

For brochure kindly refer to: https://www.adamjeelife.com/en/bancassurance

Adamjee Life WTO Faalah Plan

Your Shari’ah Financial Partner

The purpose of every responsible person’s life is to not only grow sufficient wealth but also want to ensure that his family dreams are secured against any obstacle that may come in the way. But since we live in the world of uncertainties, financial planning plays a major role in our family’s future wellbeing.

“Adamjee Life Faalah” has all the essential ingredients that are required to keep you away from future financial worries and protect your family from all sorts of life uncertainties. Adamjee Life Faalah is a high allocation Short term Shariah Compliant regular contribution unit linked Family Takaful Certificate. A greater proportion of contribution is allocated to units in the early certificate years. The benefits of the certificate are largely linked to the value of the investments of the professionally managed Funds in which a proportion of the contribution is invested.

Unit Allocation & Surrender Charges:

Following is the proportion of basic plan allocated to investment:

Key Benefits:

• Choice of Family Takaful Coverage
• Protection Benefit
• Free built-in Pilgrimage Coverage (Coverage will terminate when person covered reaches age 65).
• Certificate Maturity Benefit
• Monthly Annuity Benefit (Optional)
• Partial Withdrawal
• Investment Booster: (Ad-Hoc) / Top-up
• Inflation Protection
• Optional Supplementary Benefits: Spouse Protection, Level Term, WOC-Death, WOC-Disability, Critical Illness, Accidental Death & Disability etc.

Fund Management

• Low Risk Funds:

Taameen Fund (Income Fund): Low risk fund with aim to offer regular and steady returns from investment in wide variety of shariah compliant debt securities including bank deposits, government securities etc. without any exposure to corporate bonds and equities.

• Medium to High Risk Funds:

Saman Fund (Balanced Fund): Medium risk fund with aim to provide growth in investment value by investing in shariah compliant debt-instruments, equities and real estate.

Maza’af Fund (Aggressive Fund): High risk fund with aim to earn higher returns in medium to long term by investing in diversified mix of shariah compliant equities, debt instruments and real estate.

Free Look Period:

The certificate offers a free-look period of 14 days, in which you can cancel your certificate by contacting AL - WTO, and have your contribution refunded. However, AL - WTO reserves the right to deduct the expenses incurred on medical examination(s) of the person covered in connection with the issuance of this certificate.

Policy Eligibility

• Minimum Entry Age: 18 years (Age Next Birthday)
• Maximum Entry Age: 70 years (Age Next Birthday)
• Minimum Contribution Paying Term: 5 years
• Minimum Certificate Term: 5 years
• Maximum Certificate Term: 25 years or up to age 80 exact, whichever comes first

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.
• Wakalat-ul-Istismaar Fee: Year 1 - 30%, Year 2 - 10%, Year 3 Onward - 0%
• Bid / Offer Spread: 5% of all contributions allocated to the PIA unit account
• Takaful Contribution: With reference to attained age and based on the mortality table. A portion, 35% of Takaful Contribution will go to Operator's Sub-Fund as PTF management fee.
• Surrender Fee / Partial Withdrawal Fee: PKR 500 per surrender / partial withdrawal.
• Fund Transfer Fee: The first two switches in a Policy Year are free. A charge of PKR 300 will be made for any further switches in that Policy Year.
• Mudharib’s Share: 30% p.a. on investment return of the WAQF.

*All charges are reviewable by the Company

Apply for Adamjee Life WTO Faalah Plan today

For further details, please contact our Bancassurance Sales Manager / Officer at one of the selected MCB Bank Branches, or call 111-000-622

For brochure kindly refer to: https://www.adamjeelife.com/en/bancassurance

Note

• This product is underwritten by Adamjee Life Assurance Company Limited – Window Takaful Operations (WTO). It is not guaranteed or issued by MCB Bank or its affiliates and is not a product of the Bank.
• MCB Bank is acting as a corporate takaful agent of Adamjee Life Assurance Company Limited - WTO which underwrites the plan and shall not be held responsible for any liability under the plan in any manner whatsoever to the participant (s) or claimants(s).
• Adamjee Life Faalah is a Unit Linked takaful Plan which is subject to investment risk. The investment risk shall be borne by the participant and actual maturity and surrender values may be lower or higher than the projected figures.
• All Adamjee Life Faalah applications are processed and approved by Adamjee Life Assurance Co. Ltd. - WTO, as per their underwriting guidelines. MCB Bank is not responsible for processing and approval of these applications in any way, whatsoever.
• This brochure only introduces the benefits available under the plan. A detailed description of how the contracts works is given in “Terms & Conditions” attached with the Participant Membership Document (PMD), which will be provided after the issuance of the certificate.
• The past performance of the investment fund is not necessarily a guide to future performance. Any forecast is not necessarily indicative of future or likely performance of the funds and neither Adamjee Life Assurance Co. Ltd. - WTO nor MCB Bank will incur any liability for the same.
• 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 along with in the projected cash values. These values are only for understanding purpose and can be go up or down and not guaranteed.

Adamjee Life WTO Zaamin Plan

Protection & Investments that meet Islamic principles

Nowadays, everyone aspires to live a hassle-free life or a life which is less stressful at least in some ways if not all. However, apart from working hard, you need to plan ahead in order to protect yourself from all unforeseen circumstances. You need one solution that can connect with all your personal financials with ease and keep your family protected in case of any mishap.

In order to help you fulfill all your aspirations and future goals without compromising on your religious beliefs. Adamjee Life - Window Takaful Operations (Al-WTO) has designed Adamjee Life Zaamin the ultimate Shariah Compliant Certificate that offers a very good combination of protection and long-term savings and also provides you greater flexibility to build a better life and realize your dream.

Unit Allocation & Surrender Charges:

Following is the proportion of basic plan allocated to investment:

Key Benefits:

• Choice of Family Takaful Coverage
• Protection Benefit
• Free built-in Pilgrimage Coverage (Coverage will terminate when person covered reaches age 65).
• Certificate Maturity Benefit
• Monthly Annuity Benefit (Optional)
• Partial Withdrawal
• Investment Booster: (Ad-Hoc) / Top-up
• Inflation Protection
• Optional Supplementary Benefits: Spouse Protection, Level Term, Critical Illness, Accidental Death & Disability etc.

Fund Management

• Low Risk Funds:

Taameen Fund (Income Fund): Low risk fund with aim to offer regular and steady returns from investment in wide variety of shariah compliant debt securities including bank deposits, government securities etc. without any exposure to corporate bonds and equities.

• Medium to High Risk Funds:

Saman Fund (Balanced Fund): Medium risk fund with aim to provide growth in investment value by investing in shariah compliant debt-instruments, equities and real estate.

Maza’af Fund (Aggressive Fund): High risk fund with aim to earn higher returns in medium to long term by investing in diversified mix of shariah compliant equities, debt instruments and real estate

Free Look Period:

The certificate offers a free-look period of 14 days, in which you can cancel your certificate by contacting AL - WTO, and have your contribution refunded. However, AL - WTO reserves the right to deduct the expenses incurred on medical examination(s) of the person covered in connection with the issuance of this certificate.

Policy Eligibility

• Minimum Entry Age: 18 years (Age Next Birthday)
• Maximum Entry Age: 70 years (Age Next Birthday)
• Minimum Contribution Paying Term:10 years
• Minimum Certificate Term:10 years
• Maximum Certificate Term: 25 years or up to age of 80 exact, whichever comes first

Charges:

• Certificate Fee: Nil
• Fund Management Charges: An annual Fee of 1.75% of the Cash Value from the PIA deducted on a monthly basis.
• Wakalat-ul-Istismaar Fee: Year 1 - 50%, Year 2 - 30%, Year 3 Onward - 0%
• Bid / Offer Spread: 5% of all contributions allocated to the PIA.
• Takaful Contribution: With reference to attained age and based on the mortality table. A portion, 35% of Takaful Contribution will go to Operator's Sub-Fund as PTF management fee.
• Surrender Fee / Partial Withdrawal Fee: PKR 500 per surrender / partial withdrawal.
• Fund Transfer Fee: The first two switches in a certificate Year are free. A charge of PKR 300 will be made for any further switches in that Policy Year.
• Mudharib’s Share: 30% p.a. on investment return of the WAQF.

*All charges are reviewable by the Company

Apply for Adamjee Life WTO Zaamin Plan today

For further details, please contact our Bancassurance Sales Manager / Officer at one of the selected MCB Bank Branches, or call 111-000-622.

For brochure kindly refer to: https://www.adamjeelife.com/en/bancassurance

Note

• This product is underwritten by Adamjee Life Assurance Company Limited – Window Takaful Operations (WTO). It is not guaranteed or issued by MCB Bank or its affiliates and is not a product of the Bank.
• MCB Bank is acting as a corporate takaful agent of Adamjee Life Assurance Company Limited - WTO which underwrites the plan and shall not be held responsible for any liability under the plan in any manner whatsoever to the participant (s) or claimants(s).
• Adamjee Life Zaamin is a Unit Linked takaful Plan which is subject to investment risk. The investment risk shall be borne by the participant and actual maturity and surrender values may be lower or higher than the projected figures.
• All Adamjee Life Zaamin applications are processed and approved by Adamjee Life Assurance Co. Ltd. - WTO, as per their underwriting guidelines. MCB Bank is not responsible for processing and approval of these applications in any way, whatsoever.
• This brochure only provides an introduction to the benefits available under the plan. A detailed description of how the contracts works is given in “Terms & Conditions” attached with the Participant Membership Document (PMD) , which will be provided after the issuance of the certificate.
• The past performance of the investment fund is not necessarily a guide to future performance. Any forecast is not necessarily indicative of future or likely performance of the funds and neither Adamjee Life Assurance Co. Ltd. - WTO nor “Bank” will incur any liability for the same.

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 along with in the projected cash values. These values are only for understanding purpose and can be go up or down and not guaranteed.