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A plan that works for the best of times as well as the most challenging ones as our highly trained Financial planners are well aware of your growing investment requirements and specialize in providing tailor-made financial solutions.

We appreciate the individuality of each of our customers and understand the unique circumstances of each one of you. We want to be there for you at every step of your life’s journey because something as important as your dreams cannot be left to chance


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Key Features
Complete Package
As we go through each stage in life, our financial responsibilities change. Our perspective on life and savings changes with time.
Customized Plan
With Askari Nayab plan, you can design the future you want for yourself! It provides you the ease to personalize your plan according to your own goals and family's unique lifestyle.
Additional Investment Option (Top-up)
If you have any extra funds available at any stage, you can place them as investment under Askari Value plan during the course of the policy term that will further enhance your cash value.
Cover Multiple (Life Insurance Protection)
A sudden departure of a bread-earner can make many lives difficult. In that case financial security for your family is of utmost priority with Askari Nayab plan.

Basic Features

All of us want to live our lives to the fullest particularly when we know that our life ahead is well planned, and the future of our loved ones is well protected. Askari Nayab’s protection benefit makes sure that complete financial security is provided to your loved ones as in case of any unpleasant incident or even in your absence, they will be paid the sum assured or the accumulated account cash value of the insured, whichever is higher less the withdrawals and indebtedness

Who says that life insurance is only a safety or protection net for your family? Through Askari Nayab’s maturity benefit, when your policy matures, you will get the amount equal to your account value so you could finally fulfill your dreams of going on a family vacation or planning your child’s grand wedding or sending them abroad.

What do you do when you have an urgent requirement of cash? You either borrow it from someone or sell your valuables. To save you from all those hassles and to satisfy your urgent cash requirement, Askari Nayab offers a valuable loan facility and easy access to cash (of up-to 50% of your account value).

Life insurance plan is a long-time commitment towards your goal to provide desired financial security and prosperity to yourself and your loved ones. However, in case you realize that you are not satisfied with the product-offering, you need not to worry, as Askari Life offers a free look period where you can cancel the policy within 14 days of receipt of policy documents and get 100% refund.

Through this option, you will be given an option to get your maturity value on monthly basis up to the years you have selected. Maturity value will continue to grow till the last month of your selected tenure to receive the monthly Annuity benefit

It’s an unfortunate fact that the money we have is worth a little less every day. As rising inflation erodes all our savings bit by bit, we need a plan to keep our savings intact. Askari Nayab plan offers this unique feature dedicated to combat inflation with just 5% increment in the premium every year

Policy Term

Min Entry Age Max Entry Age Min Policy Term
18 Years (Age Nearest Birthday) 80 Years (Age Nearest Birthday) 10 Years
Min Paying Term Max Paying Term Min Policy Term
5 Years Equal to Policy Term Upto age 85

Policy Year % of Basic Premium Allocated to Account Value Surrender Charges as % of Account Value
1 35% 100%
2 50% 50%
3 100% Nil
4 and above 100% Nil

Policy Year % of Initial Basic Premium Allocated to Account Value
5 25%
10 100%
15 250%
20 250%
25 300%

Admin Charges
The initial admin charges are Rs. 125, which will increase by 10% annually
Management Charges
1.75% of the account value to be deducted annually
Cost of Insurance
With reference to attained age and based on the mortaility table
Premium Expense
5% expense will be deducted from each premium
Optional Benefits
Apart from standard applicable benefits such as protection and investment, Askari Nayab also offers you additional benefits, and the liberty to choose from various optional insurance benefits, based on your goals and financial capabilities.

Anmol Zindagi

Your Complete Health Protection Solution!

Upgrade to Anmol Zindagi Plus package and get a chance to avail all of the above mentioned benefits along with an exclusive ‘Hospitalisation Support’ feature offering reimbursement of hospital bills (up to maximum limit) in case you get admitted to a hospital due to sickness or any cause!

Hence Anmol Zindagi lets you protect yours and your loved ones lives with a one stop solution to cater to all your health related concerns

Wedding Solution

Child Wedding Benefit

Nowadays, weddings have become so grandiose that families often have to spend a fortune to make it the most memorable occasion of their son or daughter’s life. This is the time when all the family members want to enjoy each moment as much as they can without worrying about anything else. Keeping all these factors in mind, Askari Nayab’s special Wedding benefit has been designed through which your childwill receive your blessings even in your absence when at the wedding he/she gets a sum of up to Rs. 300,000.

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). It also provides you the flexibility to choose the cover term as per your need of max. up-to 10 years.

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 Value 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. If you have chosen the monthly income benefit, then in case of any unforeseen circumstance in the covered person’s life as defined in the provisions, Askari Life Assurance will pay a monthly income to the beneficiary (ies) of the plan for the remaining term. The monthly income benefit has a minimum criteria of Rs. 10,000 to max. Rs. 100,000; purely limited to the financial well-being of the policy holder.
Protect yourself from unexpected medical costs
Major Surgery Benefit
If you undergo a surgery (mentioned in policy details) during the policy term, the surgery expense of Rs. 500,000 shall be borne by Askari Life.

Hence no additional burden will be on your family. This benefit acts as a protection for you from substantial amount required for the treatment.
Hospitalization Coverage
Askari Nayab 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.
Waiver of Premium (Death)
With this add-on, your family will not just receive the guaranteed lump-sum amount 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.
Waiver of Premium (Disability); Special needs, special benefits
If God forbid, the insured person gets permanently disabled, Askari Life will bear the annual basic premiums for the remaining term of the rider and the insured person will receive the Maturity Value at the end of the policy term.
Accidental Death & Disability Rider
With Askari Life Accidental Protection you assure that a substantial additional amount (of Rs. 300,000 up to Rs. 5 million) is paid to your chosen beneficiary in case of any unfortunate accident that may result in disability.

Additional Coverage Option

Level Term Rider

This add-on is specifically designed to ensure that the rising expenses of your family are taken care of.

If you opt the life insurance policy along with this add-on, your nominated family member will not only get the sum assured or cash value but an additional amount benefit (of min. Rs. 100,000 to Rs. 10 million) attached due to this New Term Assurance Benefit by paying a nominal fee along with your policy

Coverage Against Life Threatening Diseases

Critical Illness Rider

A critical illness can put the entire family in huge financial debt and crisis.

To combat with all those adverse circumstances, Askari Nayab offers critical illness rider that provides coverage against major life threatening diseases (mentioned in the policy details).

In case you are diagnosed with any of the mentioned illnesses a lump sum amount of up-to Rs. 1.5 million is paid. This lump sum amount is in addition to the main plan benefit.
Askari Nayab Plan
A versatile plan for all times, expertly tailored to your evolving circumstantial needs.


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Disclaimer

Askari Nayab 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.

A personalized illustration of benefits will be provided to you by our sales representative. Please refer to the notes in the broacher for a detailed understanding of the various Terms and Conditions.

All Askari Nayab applications are processed and approved by Askari Life, as per their underwriting guidelines.

This web page 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.