Himayat Al’Usra Plan (Adamjee Life)

Almighty Allah has bestowed upon us the greatest gift of all in form of Life. A gift we should cherish and make the most of. We need to plan ahead to mitigate the effects of change and uncertainty that may cause financial hardship to our beloved family.

Now you can be prepared by participating in this Family Takaful Product duly vetted and approved by the Shariah advisor of Adamjee Family Takaful – Window Operations! The Certificate provides you with both financial protection and savings growth in accordance with Shariah. It is an Investment-Linked Family Takaful Plan that allows you to invest in Shariah Compliant investment funds, and participate in the protection benefit through a Waqf pool operated by the Adamjee Life Assurance Company Limited – Window Takaful Operations (AL – WTO). This Family Takaful Product gives you peace of mind because your beloved ones are secured financially for the future.

What is Takaful?

The word Takaful is derived from the Arabic verb Kafala, which means to guarantee; to help; to take care of one’s needs. Takaful is a system of Islamic coverage based on the principle of Ta’awun (mutual assistance) and Tabarru (voluntary contribution), where risk is shared collectively by a group of participants, who by paying contributions to a common fund, agree to jointly guarantee themselves against loss or damage to any one of them as defined in the pact. Takaful is operated on the basis of shared responsibility, brotherhood, solidarity and mutual cooperation.

Key Benefits

The regular contributions are invested in one of the two professionally managed Shariah compliant strategies designed to help the savings grow to the Participant’s expectation choice of personal savings intention.

Takaful (Protection)
This is by way of transferring regular nominal contributions (‘tabarru’at’- as Takaful donations) into the WAQF Fund. This WAQF Fund protects your intention to save the agreed amount of as sum covered* over the tenure of the certificate.

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

Surplus Sharing

In addition to Risk mitigation benefits, Takaful offers a unique feature of Surplus sharing to the Participants. Surplus in the Waqf, if any, shall be determined on individual participant basis at the end of each financial year, after maintaining necessary reserves as per the advice of appointed Actuary and Shariah Adviser. The Distributable surplus will be allocated to the PARTICIPANT INVESTMENT FUND as per define manner to the eligible Participants.

How your Investment grow in a Shariah Compliant way:

Contributions made towards the Certificate are invested in either of Taameen Islamic Fund or Maza’af Islamic Fund. You can choose to invest fully in one of the Islamic fund that suite your investment strategy. The returns earned after deduction of risk charges, and investment management charges are credited to the unit account balance and accumulate as the certificate holder’s cash value. Funds are managed by a team of expert investment managers who adjust the investment mix in light of economic conditions and Shariah Compliant investment opportunities.

Islamic Investment Options

Taameen Fund: Is a moderate to low risk profile Islamic fund that generates the expected stable and secure returns by balancing the investment in long term money market Shariah compliant investments including term deposit in Islamic Banks and Sukuk.

Maza’af Fund: Is a moderate to high risk profile Islamic fund that generates the expected higher returns over the long run in Shariah compliant KMI 30 index equities and Islamic mutual fund.

You are entitled to two initial free fund switches at any time during every certificate year and each subsequent switch would be charged at Rs.300.

Plan Benefits

Choice of Family Takaful Coverage
You have the option to Choose from the different levels of family takaful coverage through protection multiple for the same amount of contribution.

Protection Benefit
In case the covered person dies during the certificate term, the sum covered or accumulated account value whichever is higher less any partial withdrawals, will be paid to the beneficiary(ies).

Free built-in Pilgrimage Coverage*
PKR 2 Million Coverage on Accidental Death during Hajj.
*Coverage will be terminate when person covered reached Age 65.

Plan Maturity Benefit
At the time of maturity of the certificate term the person covered will get the amount equal to his/her account value.

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 units will remain invested over the annuity term.

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

Free-Look Period
The certificate offers a free-look period of 14 days, in which you can cancel your certificate by contacting ADAMJEE LIFE ASSURANCE COMPANY LIMITED – WINDOW TAKAFUL OPERATIONS, and have your contribution refunded. However ADAMJEE LIFE ASSURANCE COMPANY LIMITED – WINDOW TAKAFUL OPERATIONS reserves the right to deduct the expenses incurred on medical examination(s) of the person covered in connection with the issuance of this certificate.

Investment Booster: (Ad-Hoc) / Top-up
By depositing a minimum payment of Rs. 10,000/- (over and above your regular contribution) you can enhance the growth of your invested capital through Investment Booster. Investment Booster payment which has no upper limit will be allocated at 102% in the unit account and can be made & withdrawn anytime during the certificate term to boost your accumulated cash value.

Inflation 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 cash value will also increase accordingly.

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 as 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 pay the initial (un-escalated) basic contribution 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 you in case you are diagnosed with one of the listed 20 diseases during the enforce term of this Supplementary Benefit. The lump sum benefit is additional to your main certificate benefit.
  • Accidental death & Disability
    A lump sum benefit is paid to you or your chosen beneficiary in case of accidental death & disability
  • Waiver of Contribution Supplementary Benefit (WOC-Disability)
    On total permanent disability of the person covered, ADAMJEE LIFE ASSURANCE COMPANY LIMITED – WINDOW TAKAFUL OPERATIONS will pay the initial (un-escalated) basic contribution for the remaining term of the supplementary benefit or earlier recovery or death.
  • Monthly Income Benefit
    On the death or permanent and 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.

Contribution Allocation & Surrender Charge Structure

Certificate Year % of Basic Contribution
Surrender Charges as % of
FUND Account Value
1 40 0
2 80 0
3 & onwards 100 0

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 unit’s 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 PARTICIPANT INVESTMENT FUND Account
5 10%
7 20%
10 30%
Life Event Bonuses* – 50% Bonus on Son’s University
– 50% Bonus on Daughter’s Wedding
– 50% Bonus on Retirement

Adamjee Family Takaful Charges:

Certificate Fee: Nil
Fund Management Charges: An annual Fee of 1.75% of the Cash Value from the PARTICIPANT INVESTMENT FUND deducted on a monthly basis.
WakalatulIstimaar Fee: Year1:60%, Year 2: 20% , Year 3 : 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 PARTICIPANT TAKAFUL FUND 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
Mudarib’s Share: 30% p.a. on investment return of the WAQF

Certificate Term & Eligibility:

Minimum entry age 18 years (Age nearest Birthday)
Maximum entry Age 70 Years (Age nearest Birthday)
Minimum Certificate term 10 years
Minimum Contribution paying term 10 years
Maximum Certificate term 25 years or up to age of 85 whichever comes first.

Basic Contribution Payment mode:

  • Minimum Contribution:
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)
  • Payment Mode: (Annual, Semi-Annual, Quarterly & Monthly)


  • This Family Takaful Product is a Shariah Compliant Unit Linked Plan which is subject to investment risk and the cash value of the plan will vary directly with the performance of the unit fund.
  • The investment risk shall be borne by the certificate holder and actual maturity or surrender values may be lower or higher than the projected figures.
  • All applications are processed and approved by ADAMJEE LIFE ASSURANCE COMPANY LIMITED – WINDOW TAKAFUL OPERATIONS, as per their underwriting guidelines. Faysal Bank Limited, Barkat Islamic Banking is not responsible for the processing and approval of these applications in any way, whatsoever.
  • Faysal Bank Limited, Barkat Islamic Banking is acting as an agent of ADAMJEE LIFE ASSURANCE COMPANY LIMITED – WINDOW TAKAFUL OPERATIONS, and is not responsible in any manner, whatsoever, to the customer, his/her beneficiary(ies) or any third party.
  • 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 & Conditions.
  • The brochure only provides an introduction to the benefits available under the certificate. A detailed description of how the Certificate works is given in “Participants’ Membership Documents – PMD” which will be provided after the customer avails the Certificate.
  • This product is a long term Shariah compliant product that is a combination of Islamic investment and Takaful. In the event of surrender before maturity period, you will be entitled to the cash value of your policy at the time of surrender net of any applicable charges by the takaful company.
  • In case of  any grievance regarding your Takaful policy, you may contact the Takaful Operator on below mentioned contact details or for any service related complaints, you may call our customer interaction centre at 111 06 06 06 or visit your nearest branch.


Adamjee Family Takaful. – Window  Operations
UAN: 021-111-11-LIFE (5433)


Call Us or Text Us

Our hotline is available 24X7

Tel: 111-06-06-06

Text 9181

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Nearest ATM & Branch

ATM - Bahria Town (Pvt) Ltd, Head Office, Customer Support Center, Super Highway, Karachi

Branch - Bahria Town (Pvt) Ltd, Head Office, Customer Support Center, Super Highway, Karachi