ABL AMC offers free life and disability insurance coverage in collaboration with International General Insurance Company of Pakistan Limited (IGI), to all customers aged between 18 and 64 years who contribute more than PKR 100,000 in ABL AMC Financial Planner. Enrollment is on a guaranteed issue basis i.e. no clinical or medical examination is required. Once enrolled before the age of 64, an insured customer’s coverage will continue till age 65.
The cover provides 24 hours worldwide coverage under the following eventualities;
• Death due to sickness
• Death due to accident
• Permanent Total Disability (PTD) due to accident
• Dismemberment, loss of sight, hearing and speech due to accident
In the event of covered loss, a lump sum benefit is payable to the designated beneficiary or insured customer, as the case may be. Benefit amount payable is equal to the investment amount subject to a maximum of PKR 2,000,000.
An additional hospitalization benefit is offered to customers, aged between 18 to 59 years, who contribute PKR 500,000 or more in the plan. In case of hospitalization of an insured customer due to accident or sickness a benefit of PKR 2,000 is payable for each day of confinement.
For details, please refer to insurance cover terms and condition.
The investor will be responsible to settle the claims, if any, under this arrangement with an insurance company without any obligation on the part of the management company. The Management Company will be only responsible to make payment for these insurance benefit arrangements and will in no manner guarantee the performance of the insurance company nor will it be liable for any liabilities of the insurance company that may arise as a result of claims lodged against such policies. In case, if Management Company changes the insurance company or is not able to continue with this benefit for the investors, the same shall be done after providing 14 days notice to the investors either through SMS or Email and placing the same on the official website.
|ABL-PF Equity Sub Fund||169.6792|
|ABL-PF Debt Sub Fund||138.6607|
|ABL-PF Money Market Sub Fund||114.5612|
|ABL-IPF Equity Sub Fund||173.7839|
|ABL-IPF Debt Sub Fund||114.0256|
|ABL-IPF Money Market Sub Fund||111.4213|