Askari Life Bachat Plan
As we journey through life, securing the financial well-being of ourselves and our loved ones becomes paramount. While we all strive to provide the best for our families, the ever-shifting economic landscape presents challenges to our evolving needs and aspirations. In these uncertain times, having a robust plan in place is essential – one that not only offers comprehensive protection but also nurtures the growth of your savings, providing unparalleled peace of mind.
Envision a future where you and your family can pursue your dreams with confidence, savoring every moment without the weight of future uncertainties. With our innovative solution, your ambitions are not only safeguarded but propelled towards fruition. Embrace financial security with us and embark on a journey where your dreams are not just possibilities but promises fulfilled.
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Envision a future where you and your family can pursue your dreams with confidence, savoring every moment without the weight of future uncertainties. With our innovative solution, your ambitions are not only safeguarded but propelled towards fruition. Embrace financial security with us and embark on a journey where your dreams are not just possibilities but promises fulfilled.
Downloads Brochure
Key Features
Basic Features
This feature provides additional flexibility to your existing plan. If you have any additional funds available at any stage
A sudden departure of a bread-earner can make many lives difficult. In that case financial security for your family is of utmost priority
It’s an unfortunate fact that the money we have is worth a little less every day.
With Askari Life Bachat Plan, you can also avail tax benefit, as per prevailing norms under section 62 of income tax ordinance 2001
Askari Life Bachat Plan is a long-time commitment towards your goal to provide desired financial security and prosperity to yourself and your loved ones.
Policy Term
| Min Entry Age | Max Entry Age | Min Policy Term |
|---|---|---|
| 18 Years (Age Nearest Birthday) | 65 Years (Age Nearest Birthday) | 5 Years |
| Min Paying Term | Max Paying Term | Min Policy Term |
|---|---|---|
| 5 Years | Equal to Policy Term | 5 Years |
| Policy Year | % of Basic Premium Allocated to Account Value | Surrender Charges as % of Account Value |
|---|---|---|
| 1 | 60% | 100% |
| 2 | 90% | 50% |
| 3 and above | 100% | Nil |
| Policy Year | % of Initial Basic Premium Allocated to Account Value |
|---|---|
| 1 | 20% |
| Policy Fee |
|---|
| The monthly policy fee is PKR 200/- only, which will increase by 10% annually. |
| Investment Management Charges |
|---|
| 1.75% of the account value to be deducted annually |
| Insurance Cost |
|---|
| With reference to attained age and based on the mortality table |
| Premium Expense |
|---|
| 5% expense will be deducted from each premium |
Optional Benefits
Apart from standard applicable benefits such as protection and investment, Askari Life Bachat Plan also offers you additional benefits on nominal cost, and the liberty to choose from various optional insurance benefits, based on your goals and financial capabilities.
Education Solution
School Fee Waiver
It’s every parent’s dream to see their child educated and successful in life, but sometimes life has other plans. Wouldn’t it be great to know that your child’s education will always be uninterrupted even in case of any misfortune? With this exclusive School Fee Waiver benefit, Askari Life will ensure your child’s education in your absence by covering the school fee (Rs.10,000 per month).
Health Protection Solution
Hospitalization Coverage
Leading a healthy lifestyle in the modern high-stress routines is challenging. Medical emergencies can arise without any intimation. At such times, treatment costs can put a huge financial burden on families. Such huge payments can cause imbalances in your family finances.
To ensure that you are well protected against unforeseen medical expenses, Askari Life Bachat Plan offers you a unique benefit which offer hospitalization coverage, which in case of hospitalization due to accident for more than 1 day, will cover up your hospitalization expense (Rs. 5000/ per day) for up to 60 days at any hospital of your choice.
To ensure that you are well protected against unforeseen medical expenses, Askari Life Bachat Plan offers you a unique benefit which offer hospitalization coverage, which in case of hospitalization due to accident for more than 1 day, will cover up your hospitalization expense (Rs. 5000/ per day) for up to 60 days at any hospital of your choice.
Monthly Income Benefit
Throughout our life, we try to provide comfort, happiness and protection to our loved ones emotionally and financially. But there are times when you ask yourself, what if I am not around to take care of my family? Have I secured my loved ones financially? Can I plan for the financial security of my family while meeting my current goals? Askari Life is proud to introduce one of the most unique benefits that will protect you and your family from financial uncertainties.
Protect yourself from unexpected medical costs
Waiver of Premium (Disability)
We all work towards the well-being of our family to safeguard their present and ensure their future is financially secure. Be it your child’s higher education, planning a family holiday or a secure retirement, we want to provide the best to our loved ones.
Waiver of Premium (Death)
If you are seeking maximum protection for your family and wants your policy to be active even if you are not there to support them. This benefit is for you! With this add-on, your family will not just receive the guaranteed lump-sum amount (sum assured) against the coverage you fixed initially to cover up the sudden financial burden, but will also receive the significant amount as maturity benefit at the end of the policy term.
Accidental Death & Disability Rider
Rider In the journey of life, you always walk an extra mile to provide better future to your family. However, this journey of life is full of uncertainties; you never know how the future will unveil. In today’s scenarios, with the increase in the number of instances of accidents, it is imperative to shield your family’s future
Level Term Rider (Additional Coverage Option)
We all aim to ensure that our family is protected and financially secure, both now and in the future. And we do so by financially preparing for all circumstances. But what if we foresee expenses rising and want to suitably increase the protection level (sum assured)? Furthermore, with changing life stages, insurance needs might change too. For instance, after getting married, becoming a parent or after your parents retire.
Critical Illness Rider
Everyone looks for medical coverage for the unexpected emergencies and medical help. This is especially important today, when medical care is quite costly and unplanned. A critical illness can put the entire family in huge financial debt and crisis.
Askari Life Bachat Plan
A versatile plan for all times, expertly tailored to your evolving circumstantial needs.
Disclaimer
Askari Life Bachat Plan is a Universal Life Plan which is subject to investment risk and the cash value of the plan will vary directly with the performance of the investment fund
Bank is acting as a corporate sales agent on behalf of Askari Life, and is not responsible in any manner, whatsoever, to the customer, his/her beneficiary/ies or any third party.
Askari Life shall be the sole responsible with respect to policyholder services, claim lodgements and claim processing.
All Askari Life Bachat Plan applications are processed and approved by Askari Life, as per their underwriting guidelines. Bank is not responsible for the processing and approval of these applications in any way, whatsoever.
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.
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
