Introduction: A Mission for Tomorrow’s Promise
In the quest to secure a bright and prosperous future for our children, parents face the daunting challenge of surmounting the financial hurdles of higher education and life’s milestone expenses. The key to navigating this landscape lies in early and strategic planning. Here, the Adamjee Life Tameer Education Plan emerges as a beacon of hope, offering a smart blend of life insurance and savings.
Decoding the Adamjee Life Tameer Education Plan
This plan, an innovative product of Adamjee Life Assurance Co. Ltd., promoted and distributed by MCB Ltd., stands out as a dual-purpose tool: it’s both a life insurance safeguard and a dynamic investment vehicle. The investment component is tied to the performance of underlying unit-linked funds, thus adapting to the ever-changing financial landscape.
Investment Dynamics: Unit Allocation and Flexibility
A distinctive aspect of this plan is its unit allocation structure and surrender charge policy, both designed to optimize investment growth over time. In the early policy years, a portion of the premium goes towards investment, with allocation charges decreasing as the policy matures. This structure is coupled with a continuation bonus, adding significant value to your investment.
Table 1: Policy Year Breakdown
| Policy Year | Allocation Percentages | Allocation Charge | Surrender Charges (%) |
| 1 | 57.5% | 42.5% | 100% |
| 2 | 70% | 30% | 50% |
| 3 & Onwards | 100% | Nil | Nil |
Continuation Bonus: A Rewarding Journey
- Year 5: 10%
- Year 7: 25%
- Year 10: 100%
- Year 15: 100%
- Year 20: 100%
Key Benefits: A Comprehensive Package
- Protection Benefit: Safeguarding your family’s financial stability.
- Customizable Coverage: Tailoring insurance to your unique needs.
- Maturity Benefit: Reaping the rewards upon plan completion.
- Saving Booster: Enhancing savings through ad-hoc premiums.
- Loan Facility: Accessing funds during emergencies.
- Partial Withdrawal: Providing liquidity for unexpected needs.
- Inflation Protection (Optional): Shielding against economic fluctuations.
- Accidental Death & Disability Benefit: Extra protection for unforeseen events.
A Closer Look: Free Look Period and Fund Management
The plan offers a 14-day free-look period, providing a safety net to reconsider your decision. Fund management options cater to varying risk appetites, from conservative to aggressive investment strategies.
Risk-Based Fund Options
- Low or Conservative Risk: The Investment Secure Fund focuses on fixed-income securities, ensuring regular returns.
- Moderate to High Risk: Options like the Aggressive Growth Portfolio and Balanced Wealth Strategy offer diversified investments in equities, fixed-income instruments, and real estate for greater growth potential.
Eligibility and Policy Terms: Ensuring the Right Fit
- Minimum Entry Age: 18 years.
- Maximum Entry Age: Up to 70 years.
- Policy Term Range: 10 to 40 years, or until age 80.
- Paying Term Alignment: Balancing coverage with financial commitment.
Payment Modes and Charges: Tailoring to Your Financial Needs
Choose from various payment modes, each with a minimum basic premium requirement. The plan is transparent about its charges, including policy fees, management and administration charges, bid/offer spread, surrender, and partial withdrawal fees, and fund switching charges.
Embracing the Adamjee Life Tameer Education Plan
Embark on this journey by contacting a Bancassurance Sales Manager/Officer at MCB Bank branches or call their helpline. For detailed information, Adamjee Life Bancassurance’s brochure is a valuable resource.
Key Considerations: Informed Decision Making
- Adamjee Life Assurance Co. Ltd. is the underwriter, with no guarantees or insurance coverage from MCB Bank.
- The plan’s unit-linked nature introduces an element of investment risk.
- Approval processes adhere to Adamjee Life’s underwriting guidelines.
- The policy document, available post-issuance, details all terms and conditions.
- Past investment fund performance is not a reliable predictor of future outcomes.
- Personalized illustrations are provided to aid in decision-making.
Adamjee life insurance Contact Number or Helpline Number
To confirm your transaction, please contact our helpline at 111-11-5433 within three days of making the payment.
Head Office Address: Adamjee Life Assurance Co. Ltd. 3rd and 4th Floor, Adamjee House, I.I. Chundrigar Road, Karachi – 74000
Contact Information: Call Us:
- Helpline – UAN: 021-111-115-433
- Death & Disability Claims: (92-21) 38630002
Email Us: Individual Life:
- complain@adamjeelife.com
- help_claims@adamjeelife.com
- help_csd@adamjeelife.com
Group Life:
- help_group@adamjeelife.com
- claims-dep@adamjeelife.com
- info@adamjeelife.com
Policy Holder Grievances: Muhammad Danish AGM – Customer Services +92-21-38630001 complain@adamjeelife.com
Hotline Numbers:
- Customer Services: +92-346-8209367
- Complaints: +92-346-8285388
- Claims: +92-346-8209366
Conclusion: Investing in Your Child’s Dreams
The Adamjee Life Tameer Education Plan is not just an insurance policy; it’s a commitment to your child’s dreams. By planning wisely and investing early, you embark on a journey that promises not just financial security but the fulfillment of your child’s aspirations.
