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Askari Betterlife
Azaadi Plan

Askari Betterlife Azaadi Plan

  • A Legacy of Excellence

    Our Premier Wealth Accumulation Universal Life plan is designed for visionary individuals who seek to leave a lasting impact on the world. With a minimum premium of PKR 100,000, this exclusive plan offers a sophisticated blend of protection and investments that aligns with your values and goals. As a high-net-worth individual, you require tailored life insurance solutions that address your unique needs, such as estate planning, wealth transfer, and philanthropic endeavours. Our plan helps ensure that your legacy is protected and passed down to future generations, while also providing liquidity to cover property taxes, business continuity, unsettled debts, & other business expenses.

  • Unlocking New Opportunities

    This esteemed plan provides a unique opportunity to amplify your wealth, while also creating a lasting legacy that transcends generations. Our investment options are carefully curated to provide growth, stability, and alignment with your values, allowing you to pursue your passions and interests with complete freedom. Whether you're looking to fund a family foundation, support a favourite charity, or simply build a lasting legacy, our plan offers the sophistication you demand.

  • A Symbol of Distinction

    By investing in our Premier Wealth Accumulation Universal Life plan, you're not only securing your legacy but also making a statement about your commitment to excellence. This plan is a symbol of distinction, reserved for individuals who demand the finest and are willing to push the boundaries of what's possible. Join the ranks of the world's most discerning individuals who value exclusivity, sophistication, and lasting impact. Our plan is designed to provide a tailored solution for your unique life insurance needs, ensuring that your wealth is protected and passed down to future generations according to your wishes.

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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. Recognizing your evolving financial needs, Askari Life has designed the Azaadi Plan which not only provides long-term protection from unforeseen circumstances but also brings prosperity into your life. Whether you are at the beginning of your career, have just started a family, require funds for your child’s education or marriage or would like to plan for your retirement, all possibilities are ensured under the Azaadi Plan.
Strengthen your Child’s Future
When a child is born, a dream is born. We being a parent would want to shape that dream and bring it to reality in the best possible way. Either it’s the question of providing top-quality education or making best arrangement for their marriage, we always want the best for our child. Azaadi Plan helps you in achieving all those dreams with ease, as this plan offers one of the most effective way to keep your child's future secured along-with the peace of mind through various exclusive benefits and coverage enhancement options that can be tailored as per your child’s future financial needs.
Annuity Benefit
Through this option, you will be given the option to get your maturity value on a monthly basis up to the years you have selected. Maturity value will continue to grow through Investments in your Investment Account till the last month of your selected tenure to receive the monthly Annuity benefit.
Customized Plan
With Azaadi Plan, you can design the future you want for yourself! It provides you the flexibility to personalize your plan according to your own goals and family’s unique lifestyle. There are many flexible options the plan provides, such as altering your investment and protection level. In addition to flexibility, you can also opt from various optional add-ons with the help of our certified financial advisor, that will add more benefit to your policy.
Emergency Monetary Access
What do you do when you have an urgent requirement of cash? You either borrow it from some one or sell your valuables. To save you from all those hassles and to satisfy your urgent cash requirement, Azaadi Plan offers a valuable loan facility and easy access to cash (of up-to 50% of your account value).

Basic Features

This feature provides additional flexibility to your existing plan. If you have any additional funds available at any stage you can place them as investment under Azaadi 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 departure of a bread-earner can make many lives difficult. In that case financial security for your family is of utmost priority. With Azaadi Plan you can ensure desired financial security for your family. You can fix 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 400 times of the premium amount.

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. Azaadi Plan offers this unique feature dedicated to combat inflation with upto 20% increment in the premium every year.

Azaadi 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) 60 Years (Age Nearest Birthday) 5 Years
Min Paying Term Max Paying Term Max Policy Term
5 Years Equal to Policy Term Up to age 70

As you continue the policy towards its full term, your Account Value will be credited with a proportion of Basic Premiums that you pay. The proportions allocated to your Account Value will be as follows:

Policy Year % of Basic Premium Allocated to Account Value Surrender Charges as % of Account Value
1 75% 100%
2 90% 75%
3 and above 100% Nil

Unlock a brighter financial future with our Exclusive Advance Bonus feature. Receive our advance bonus before completion of the 1st year & allocated to you in the third year as a testament to your dedication.
Stay committed for 5+ years and earn more attractive loyalty bonuses in the future years.

Policy Year % of Initial Basic Premium Allocated to Account Value
1 20%
7 30%
10 100%
15 150%
20 200%

Policy Fee
The monthly policy fee is PKR 200/- 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 mortality table.
Premium Expense
5% expense will be deducted from each premium.
Optional Benefits
Apart from standard applicable benefits such as protection and investment, Azaadi 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, Azaadi Plan will ensure your child’s education in your absence by covering the school fee of your child. It also provides you the flexibility to choose the cover term as per your need (maximum up-to 10 years).

Financial Support against Major Surgery

Imagine having to worry about your finances in case of under-going a surgery. Such a calamity can create a havoc in your family. Thus, financial readiness for such situations is equally important. Azaadi Plan offers this exclusive benefit that provides you with an upfront financial support in case you get diagnosed with a chronic disease, so you can manage your hospital bills and expenses without any obstacles. This benefit is specifically designed to offer living benefits to our customers as depicted in our Brand’s mantra of “Jee Lo Har Ghari” so you and your loved ones continue living your life & enjoying every moment to the fullest!

Health Protection Solution

Hospital’s Stay Expense Covered for up to 60 days in case of Accident

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, the Azaadi Plan offers a unique benefit of hospitalization coverage (applicable only for accidental hospitalization). This benefit provides coverage in case of hospitalization exceeding one day due to an accident.

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.
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 Life’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. 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 attached due to this new Term Assurance Benefit by paying a nominal fee along with your policy.
Critical Illness Benefit
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. To combat with all those adverse circumstances, Azaadi Plan 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 is paid. This lump sum amount is in addition to the main plan benefit
Disclaimer

Azaadi Plan 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

Bank is acting as a corporate sales 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.

Askari Life shall be the sole responsible with respect to policyholder services, claim lodgments and claim processing.

All Azaadi 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.

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 avails the service.