Askari Zamin Plan
The urge to provide the best to your family, the wanderlust to travel the world, to preserve the memories and to cherish the good times, planning your finances and managing them while maximizing returns is crucial. The uncertainties of life and their extent know no bounds. It's all happiness in one moment and no one can predict what the next moment will bring along with it. To overcome this, financial planning is very essential to keep the hardships at bay and be protected if any of them make it your way.
Askari Life’s utmost belief is in securing and ensuring that their customers are taken care of and to live up to it, we collaborated with Silk Bank Limited and introduced Askari Zamin plan to ensure your next moment is as secure as your present and you can surely predict happiness in future too!
Downloads Brochure
Askari Life’s utmost belief is in securing and ensuring that their customers are taken care of and to live up to it, we collaborated with Silk Bank Limited and introduced Askari Zamin plan to ensure your next moment is as secure as your present and you can surely predict happiness in future too!
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, you can park them as
investment under Askari Zamin Plan during the course of the policy term
that will further enhance your cash value. Many people use this option to
make yearly premium payment by placing additional investment as top-up
with their policy
A sudden demise of a bread-earner can make many lives difficult. In that
case financial security for your family is of utmost priority. With Askari
Zamin plan, you can ensure desired financial security for your family by
fixing a significant lump sum amount, as much as you anticipate would be
enough to fulfill their future financial needs, which could be set as high as
200 times of the premium amount.
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 fulfil your urgent cash requirement, Askari Zamin Plan offers
a valuable loan facility and easy access to cash (of up-to 50% of your
account value).
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 Zamin Plan offers this unique feature
dedicated to combat inflation with just 5% increment in the premium every
year
With Askari Zamin Plan, you can also avail tax benefit, as per prevailing
norms under section 62 of income tax ordinance 2001.
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.
Policy Term
| Min Entry Age | Max Entry Age | Min Policy Term |
|---|---|---|
| 18 Years (Age Nearest Birthday) | 75 Years (Age Nearest Birthday) | 10 Years |
| Min Paying Term | Max Paying Term | Min Policy Term |
|---|---|---|
| 10 Years | Equal to Policy Term | Upto age 85 |
| Policy Year | % of Basic Premium Allocated to Account Value | Surrender Charges as % of Account Value |
|---|---|---|
| 1 | 60% | 100% |
| 2 | 80% | Nil |
| 3 | 90% | Nil |
| 4 and above | 100% | Nil |
| Policy Year | % of Initial Basic Premium Allocated to Account Value |
|---|---|
| 5 | 25% |
| 10 | 175% |
| 15 | 200% |
| 20 | 200% |
| Policy Fee |
|---|
| The monthly policy fee is PKR 125/- 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 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 Zamin Plan also offers you additional benefits, 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 Zamin
Plan 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 (maximum 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.
Sometimes, such huge payments can cause imbalances in your family
finances.
To ensure that you are well protected against unforeseen medical expenses, Askari Zamin plan brings you a unique benefit which offers hospitalization coverage (only on accidental hospitalization), as per which, in case of hospitalization of more than 1 day, due to accident, you will get a coverage of Rs. 5000/day, for up to 60 days, thus, a maximum coverage of Rs. 300, 000 at any hospital of your choice
To ensure that you are well protected against unforeseen medical expenses, Askari Zamin plan brings you a unique benefit which offers hospitalization coverage (only on accidental hospitalization), as per which, in case of hospitalization of more than 1 day, due to accident, you will get a coverage of Rs. 5000/day, for up to 60 days, thus, a maximum coverage of Rs. 300, 000 at any hospital of your choice
Health Protection Solution
Hospital of your choice
The Hospitalization coverage benefit can be availed upon admission to any
registered hospital in Pakistan. So, choose your own hospital for treatment
and we will get you covered!
Monthly Income Benefit
Throughout our life, we try to provide comfort, happiness and protect 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 even in case of an unfortunate event that results in death or disability by providing them regular monthly income to manage their monthly expenses with ease.
Askari Life is proud to introduce one of the most unique benefits that will protect you and your family from financial uncertainties even in case of an unfortunate event that results in death or disability by providing them regular monthly income to manage their monthly expenses with ease.
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. Even in case of any eventuality, you
prepare for the future to ensure your family maintains the same living
standards and has a financially secure future. But what if you are unable to
earn and pay your premiums because of unexpected events that may result
in disability? With this exclusive add-on, we bring to you Premium Waiver
Rider, which allows you to get your insurance policy benefits even if you’re
unable to pay your future premiums.
Waiver of Premium (Death)
If you are seeking maximum protection for your family and want 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
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. As a responsible individual you would like to safeguard your family’s
future against such eventuality. Askari Zamin’s Accidental death and
disability rider, offers an additional financial security to your family in the
event of an accident that may result in death or disability.
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 Zamin Plan
A versatile plan for all times, expertly tailored to your evolving circumstantial needs.
Disclaimer
Bank is acting as an 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.
All Askari Zamin 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
Askari Life shall be the sole responsible with respect to policyholder services, claim lodgements and claim processing
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 buys the product.
