[vc_row][vc_column][vc_column_text]<\/p>\n
[\/vc_column_text][vc_tta_accordion active_section=”” collapsible_all=”true”][vc_tta_section title=”Adamjee Parvaaz WTO Takaful Savings and Health plan” tab_id=”1739344672818-6accfb9f-fa17″][vc_row_inner][vc_column_inner][vc_column_text]Adamjee Life through its Window Takaful operations offers unit linked Parvaaz Takaful Savings and Health plan that provides you an opportunity to plan for the future, which is a unique composition of health coverage with Savings in addition to takaful coverage in the event of death.<\/p>\n
Membership Terms & Eligibility<\/p>\n
The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 70 years of age.<\/p>\n
Min Entry Age Max Entry Age Min membership Term
\n18 Years 70 Years 10 Years
\nMin Contribution Paying Term Max membership Term Max Contribution Paying Term
\n10 Years 25 years or up to the exact age of 80, whichever comes first Equal to Certificate Term
\nBasic Plan Contribution<\/p>\n
The mode wise minimum contribution is as given in the table below:<\/p>\n
Payment Mode Min Basic Contribution<\/p>\n
Contribution Mode Min Basic Contribution
\nAnnual Rs. 20,000\/.
\nSemi-Annual Rs. 15,000\/. (Rs.30,000\/. Annually)
\nQuarterly Rs. 10,000\/. (Rs.40,000\/. Annually)
\nMonthly Rs. 5,000\/. (Rs.60,000\/. Annually)<\/p>\n
There is no maximum limit for the contribution.<\/p>\n
Adhoc<\/p>\n
By depositing a minimum payment of Rs. 10,000\/- (over and above your regular contribution) you can enhance the growth of your PIA through top -up. Top-up payment which has no upper limit will be allocated at 103% in the PIA and can be made and withdrawn anytime during the certificate term to boost your accumulated cash value.<\/p>\n
Unit Allocation<\/p>\n
Basic Contributions are allocated as per the schedule shown below.<\/p>\n
Membership Year % of Basic Contribution Allocated Allocation Charge
\nYear 1 60% 40%
\nYear 2 70% 30%
\nYear 3-Onwards 100% Nil<\/p>\n
Note: For a better understanding in making your selection according to your needs, you may visit at your nearest Habib Metropolitan Bank Limited branch.<\/p>\n
Funds<\/p>\n
The funds available are:<\/p>\n
Our low risk funds include:<\/p>\n
Taameen Fund (Income Fund):<\/p>\n
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.<\/p>\n
Our moderate to high risk funds include:<\/p>\n
Saman Fund (Balanced Fund):<\/p>\n
Medium risk fund with aim to provide growth in investment value by investing in shariah compliant debt-instruments, equities and real estate.<\/p>\n
Maza\u2019af Fund (Aggressive Fund):<\/p>\n
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.<\/p>\n
Free built-in Pilgrimage Coverage*<\/p>\n
PKR 2 Million Coverage on Accidental Death during Hajj.*Coverage will be terminate when person covered reached Age 65.<\/p>\n
Death Benefits<\/p>\n
On death benefits payable equal to the greater of:<\/p>\n
Sum assured or The cash value of units.
\nThe cash value of units.
\nProduct Charges<\/p>\n
Application charges are as follows:<\/p>\n
Charges Amount\/Rate
\nCertificate Fee Nil
\nFunds Management Charges An annual Fee of 1.75% of the Cash Value from the PIA deducted on a monthly basis
\nWakalat-ul-Istismaar Fee: Year 1 : 45%, Year 2: 30%, Year 3 Onward: 0%
\nBid\/Offer Spread 5%
\nSurrender Charge Rs. 500
\nFund Switching The first two switches in a certificate year are free. A charge of Rs. 300 will be made for any further switches in that membership Year.
\nMudharib\u2019s Share: 30% p.a. on investment return of the WAQF
\nSurrender<\/p>\n
Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid.<\/p>\n
Compulsory Supplementary Benefit<\/p>\n
Hospital Cashback Benefit<\/p>\n
On admission in hospital due to injury or sickness for consecutive period of at least24 hours, Adamjee Life will pay the daily cash benefit (for each 24-hour period) of the hospital confinement, up to a maximum of 120 days during a membership year. The cash benefit payable will be increased to twice the daily cash benefit amount for each 24-hour period of the hospital confinement in an Intensive Care Unit (ICU). In case of admission in ICU, the maximum days will be reduced to 60 days.<\/p>\n
Minimum to maximum entry ages are 18 to 59 years. Maximum age to which the cover is provided is 60 years of age exact.
\nFollowing three plans are available to choose from for daily cash benefit:<\/p>\n
Benefits Plan Annual Contribution (Rs.) Daily Cash Allowance for Hospitalization (Rs. per day) Allowance in case of Admission to ICU (Rs. per day)
\nA 1500 2000 4000
\nB 3500 5000 10,000
\nC 6500 10,000 20,000
\nOptional Rider<\/p>\n
Spouse Protection Supplementary Benefit:<\/p>\n
In the unfortunate event of the death of the covered person\u2019s spouse during the enforce term of this Supplementary Benefit, the Supplementary Benefits\u2019 sum covered is payable.<\/p>\n
Level Term Supplementary Benefit:<\/p>\n
The feature guarantees as lump sum amount payable to the chosen beneficiary in case of death of the person covered.<\/p>\n
Critical Illness Supplementary Benefit:<\/p>\n
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.<\/p>\n
Accidental Death & Disability:<\/p>\n
A lump sum benefit is paid to you or your chosen beneficiary in case of accidental death & disability<\/p>\n
Waiver of Contribution Supplementary Benefit (WOC-Disability):<\/p>\n
On total permanent disability of the person covered, AL – WTO will pay the initial (un-escalated) basic contribution for the remaining term of the supplemen- tary benefit or earlier recovery or death.<\/p>\n
Waiver of Contribution Supplementary Benefit (WOC-Death):<\/p>\n
On the death of the person covered, AL – WTO Waqf will pay the initial (un-escalated) basic contribution for the remaining term of the Supplementary Benefit. The Beneficiary will receive the maturity benefit at the end of the certificate term.<\/p>\n
Monthly Income Benefit:<\/p>\n
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, AL – WTO shall pay a monthly income benefit for the remaining term of this Supplementary Benefit or earlier recovery or death.<\/p>\n
Disclaimer<\/p>\n
This product is underwritten by Adamjee Life Assurance Co. Ltd.-WTO It is not guaranteed or insured by \u201cBank\u201d or its affiliates and it is not a product of the Bank.<\/p>\n
Brochure<\/p>\n
[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_tta_section][vc_tta_section title=”Adamjee Parvaaz WTO Takaful Education and Marriage Plan” tab_id=”1739344672818-6b5a6cb5-b388″][vc_column_text]Unit link Adamjee Life \u2013 Window Takaful Operations, with an aim to add value to society, came up with a unique Family Takaful product that in addition to the takaful coverage from Waqf, offers opportunities for saving and investment in a Shariah Compliant way, so that the financial needs in future like education and marriage can be seamlessly fulfilled.<\/p>\n
Membership Terms & Eligibility<\/p>\n
The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 70 years of age.<\/p>\n
Min Entry Age Max Entry Age Min Membership Term
\n18 Years 70 Years 10 Years
\nMin Contribution Paying Term Max membership Term Max Contribution Paying Term
\n10 Years 25 years or up to the exact age of 70, whichever comes first Equal to Certificate Term
\nBasic Plan Contribution<\/p>\n
The mode wise minimum contribution is as given in the table below:<\/p>\n
Payment Mode Min Basic Contribution<\/p>\n
Contribution Mode Min Basic Contribution
\nAnnual Rs. 25,000\/.
\nSemi-Annual Rs. 15,000\/. (Rs.30,000\/. Annually)
\nQuarterly Rs. 8,000\/. (Rs.32,000\/. Annually)
\nMonthly Rs. 3,000\/. (Rs.36,000\/. Annually)<\/p>\n
There is no maximum limit for the contribution.<\/p>\n
Adhoc<\/p>\n
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 Top up. Top Up payment which has no upper limit will be allocated at 103% in the unit account and can be made & withdrawn anytime during the certificate term to boost your accumulated cash value.<\/p>\n
Unit Allocation<\/p>\n
Basic Contributions are allocated as per the schedule shown below.<\/p>\n
Membership Year % of Basic Contribution Allocated Allocation Charge
\nYear 1 60% 40%
\nYear 2 70% 30%
\nYear 3-5 100% Nil
\nYear 6 to 10 103% Nil
\nYear 11 and on wards 106% Nil<\/p>\n
Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.<\/p>\n
Funds<\/p>\n
Membership holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception. The funds available are:<\/p>\n
Our low risk funds include:<\/p>\n
Taameen Fund (Income Fund):<\/p>\n
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.<\/p>\n
Our medium to high risk funds include:<\/p>\n
Saman Fund (Balanced Fund):<\/p>\n
Medium risk fund with aim to provide growth in investment value by investing in shariah compliant debt-instruments, equities and real estate.<\/p>\n
Maza\u2019af Fund (Aggressive Fund):<\/p>\n
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.<\/p>\n
Free built-in Pilgrimage Coverage*<\/p>\n
PKR 2 Million Coverage on Accidental Death during Hajj. *Coverage will be terminate when person covered reached Age 65.<\/p>\n
Death Benefits<\/p>\n
On death benefits payable equal to the greater of:<\/p>\n
Sum assured or The cash value of units.
\nProduct Charges<\/p>\n
Application charges are as follows:<\/p>\n
Charges Amount\/Rate
\nMembership Fee Nil
\nFund Management Charge An annual charge of 1.75% of the Cash Value deducted on a monthly basis
\nWakalat-ul-Istismaar Fee: Year 1 : 45%, Year 2: 30%, Year 3 Onward: 0%
\nBid\/Offer Spread 5%
\nSurrender Charge Rs. 500
\nFund Switching The first two switches in a Membership Year are free. A charge of Rs. 300 will be made for any further switches in that Membership Year.
\nMudharib\u2019s Share: 30% p.a. on investment return of the WAQF
\nSurrender<\/p>\n
Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid.<\/p>\n
Compulsory Rider<\/p>\n
Built-in Supplementary Benefit<\/p>\n
Waiver of Contribution – Death Benefit<\/p>\n
Offers in-built Waiver of Contribution – Death benefit, according to which, on Death of the insured person, Adamjee Life – WTO Waqf will pay the lower of initial (un-escalated) basic contribution or the last basic contribution paid by the participant for the remaining contribution paying term of the certificate. This certificate can be opted by parents to achieve expected amount at maturity which can be used to pay for higher education or marriage of their children.<\/p>\n
Optional Rider<\/p>\n
You can enhance the Protection Benefit by selecting any or all of the following optional Supplementary Benefits subject to payment of additional contribution.<\/p>\n
Spouse Protection Supplementary Benefit<\/p>\n
In the unfortunate event of the death of the covered person\u2019s spouse during the enforce term of this Supplementary Benefit, the Supplementary Benefit\u2019s sum covered is payable.<\/p>\n
Level Term Supplementary Benefit<\/p>\n
The feature guarantees as lump sum amount payable to the chosen beneficiary in case of death of the person covered.<\/p>\n
Critical Illness Supplementary Benefit<\/p>\n
A lump sum benefit is paid to you in case you are diagnosed with one of the listed 20t diseases during the enforce term of this Supplementary Benefit. The lump sum benefits additional to your main certificate benefit.<\/p>\n
Accidental Death & Disability<\/p>\n
A lump sum benefit is paid to you or your chosen beneficiary in case of accidental death & disability<\/p>\n
Waiver of Contribution Supplementary Benefit (WOC-Disability)<\/p>\n
On total permanent disability of the person covered, AL – WTO will pay the initial (un-escalated) basic contribution for the remaining term of the supplementary benefit or earlier recovery or death.<\/p>\n
Monthly Income Benefit<\/p>\n
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, AL – WTO shall pay a monthly income benefit for the remaining term of this Supplementary Benefit or earlier recovery or death.<\/p>\n
Disclaimer<\/p>\n
This product is underwritten by Adamjee Life Assurance Co. Ltd.-WTO It is not guaranteed or insured by \u201cBank\u201d or its affiliates and it is not a product of the Bank.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Adamjee Parvaaz WTO Takaful Savings Plan” tab_id=”1739344672819-5e5031ee-eed7″][vc_column_text]Adamjee Life\u2019s \u2013 (Window Takaful Operations) Adamjee Life WTO Parvaaz Takaful Savings Plan is a flexible unit link Investment Family Takaful Plan which provides both protection and savings. It ensures that your savings are invested in fully Shariah Compliant investment funds according to your risk appetite.<\/p>\n
Membership Terms & Eligibility<\/p>\n
The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 70 years of age.<\/p>\n
Min Entry Age Max Entry Age Min Membership Term
\n18 Years 70 Years 10 Years
\nMin Contribution Paying Term Max membership Term Max Contribution Paying Term
\n10 Years 25 years or up to the exact age of 80, whichever comes first Equal to Certificate Term
\nBasic Plan Contribution<\/p>\n
The mode wise minimum contribution is as given in the table below:<\/p>\n
Payment Mode Min Basic Contribution.<\/p>\n
Contribution Mode Min Basic Contribution
\nAnnual Rs. 20,000\/.
\nSemi-Annual Rs. 15,000\/. (Rs.30,000\/. Annually)
\nQuarterly Rs. 10,000\/. (Rs.40,000\/. Annually)
\nMonthly Rs. 5,000\/. (Rs.60,000\/. Annually)<\/p>\n
There is no maximum limit for the contribution.<\/p>\n
Adhoc<\/p>\n
By depositing a minimum payment of Rs. 10,000\/- (over and above your regular contribution) you can enhance the growth of your PIA through top -up. Top-up payment which has no upper limit will be allocated at 103% in the PIA and can be made and withdrawn anytime during the certificate term to boost your accumulated cash value.<\/p>\n
Unit Allocation<\/p>\n
Basic Contributions are allocated as per the schedule shown below.<\/p>\n
Membership Year % of Basic Contribution Allocated Allocation Charge
\nYear 1 60% 40%
\nYear 2 70% 30%
\nYear 3-Onwards 100% Nil<\/p>\n
Note: For a better understanding in making your selection according to your needs, you may visit at your nearest Habib Metropolitan Bank Limited branch.<\/p>\n
Funds<\/p>\n
The funds available are:<\/p>\n
Our low risk funds include:<\/p>\n
Taameen Fund (Income Fund):<\/p>\n
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.<\/p>\n
Our moderate to high risk funds include:<\/p>\n
Saman Fund (Balanced Fund):<\/p>\n
Medium risk fund with aim to provide growth in investment value by investing in shariah compliant debt-instruments, equities and real estate.<\/p>\n
Maza\u2019af Fund (Aggressive Fund):<\/p>\n
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.<\/p>\n
Free built-in Pilgrimage Coverage*<\/p>\n
PKR 2 Million Coverage on Accidental Death during Hajj.*Coverage will be terminate when person covered reached Age 65.<\/p>\n
Death Benefits<\/p>\n
On death benefits payable equal to the greater of:<\/p>\n
Sum assured or The cash value of units.
\nThe cash value of units.
\nProduct Charges<\/p>\n
Application charges are as follows:<\/p>\n
Charges Amount\/Rate
\nCertificate Fee Nil
\nFund Management Charge An annual Fee of 1.75% of the Cash Value from the PIA deducted on a monthly basis
\nWakalat-ul-Istismaar Fee: Year 1 : 40%, Year 2: 30%, Year 3 Onward: 0%
\nBid\/Offer Spread 5%
\nSurrender Charge Rs. 500
\nFund Switching The first two switches in a certificate year are free. A charge of Rs. 300 will be made for any further switches in that membership Year.
\nMudharib\u2019s Share: 30% p.a. on investment return of the WAQF
\nSurrender<\/p>\n
Membership holder has the option to surrender my membership before the completion of membership term, I will receive my current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid.<\/p>\n
Compulsory Rider<\/p>\n
Spouse Protection Supplementary Benefit<\/p>\n
In the unfortunate event of the death of the covered person\u2019s spouse during the enforce term of this Supplementary Benefit, the Supplementary Benefits\u2019 sum covered is payable.<\/p>\n
Level Term Supplementary Benefit<\/p>\n
The feature guarantees as lump sum amount payable to the chosen beneficiary in case of death of the person covered.<\/p>\n
Critical Illness Family Takaful Supplementary Benefit<\/p>\n
On occurrence of one of the listed diseases during the in-force term of this supplementary benefit, the supplementary benefit’s sum covered is payable to the person covered.<\/p>\n
Accidental Death & Disability Supplementary Benefit<\/p>\n
On accidental death or permanent and total disability due to accident of the person covered during the in force term of this supplementary benefit, the supplementary benefit’s sum covered is payable. In case of permanent total\/par\udbc0\udd9fal disability, the
\nsum covered is payable according to the Schedule stated in the Provisions.<\/p>\n
Waiver of Contribution Supplementary Benefit (WOC-Disability)<\/p>\n
On permanent and total disability of the person covered, Adamjee Life WTO Waqf will pay the initial (un-escalated) basic contribution for the remaining term of the supplementary benefit or earlier recovery or death on behalf of participant.<\/p>\n
Waiver of Contribution Supplementary Benefit (WOC-Death)<\/p>\n
On the death of the person covered, AL – WTO Waqf will pay the initial (un-escalated) basic contribution for the remaining term of the Supplementary Benefit. The Beneficiary will receive the maturity benefit at the end of the certificate term.<\/p>\n
Monthly Income Family Takaful Supplementary Benefit<\/p>\n
On death or permanent and total disability due to accident or sickness of the person covered during the in-force term of this supplementary benefit, a fixed monthly amount is payable for the remaining term of the supplementary benefit or earlier
\nrecovery (in case of disability)<\/p>\n
Level Term Family Takaful Supplementary Benefit<\/p>\n
On death of the person covered during the in-force term of this supplementary benefit, the supplementary benefit’s sum covered is payable.<\/p>\n
Disclaimer<\/p>\n
This product is underwritten by Adamjee Life Assurance Co. Ltd. -WTO It is not guaranteed or insured by \u201cBank\u201d or its affiliates and it is not a product of the Bank.<\/p>\n
Brochure<\/p>\n
[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][vc_column_text] Adamjee Products [\/vc_column_text][vc_tta_accordion active_section=”” collapsible_all=”true”][vc_tta_section title=”Adamjee Parvaaz WTO Takaful Savings and Health plan” tab_id=”1739344672818-6accfb9f-fa17″][vc_row_inner][vc_column_inner][vc_column_text]Adamjee Life through its Window Takaful operations offers unit linked Parvaaz Takaful Savings and Health plan that provides you an opportunity to plan for the future, which is a unique composition of health coverage with Savings in addition to takaful coverage […]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":164,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-4155","page","type-page","status-publish","hentry"],"yoast_head":"\n