Askari life insurance or Life Assurance Co. Ltd is a Public Limited Company and has a group of highly trained professionals dedicated toward creating and distributing solid client-focused financial solutions. The company is at the forefront of technological innovations and is reputed for its impeccable customer service.

Best Insurance Plans Guaranteed

Great endowment - life insurance

Steady Accumulation of Capital

Guaranteed growth in profits year after year.

Whole Life Insurance

Risk-Averse Plans

Policies designed to bring you high returns with little risk involved.

Fast Claims

Unit-Link Policies

Buy units and cash them whenever you want

Online Portal

Fast Claims

Fast & convenient claiming process.

Withdrawal Plans

Online Portal

Investments, savings & maturity reports available 24/7

Additional Riders

Early Withdrawal Plans

Policies with an early maturity and withdrawal period.

Individual Savings Plan

Saving insurance plans

College Education Funds 

Take care of your child’s education needs and expenses with a single policy.

Flexible Investment Options

Different investment options including low risk/steady growth and high risk/high return funds. 

Death Coverage

Comprehensive death coverage so you leave a healthy, thriving and financially protected family behind.

High-Value Protection Plans

Customization-Friendly Plans

Customize your insurance plan depending on your needs, income value and coverage. 

Long-term Capital Growth

Long-term investment in equities for exceptional returns over time.

Investment Topups

Double your investments anytime by allocating more funds to your policy.

whole life plans

Family Takaful Plans

Takaful Insurance Plans

Coverage for Major Financial Goals

Comprehensive coverage for investments, buying a home, retirement, education and more. 

Single Contribution Options

Pay a single premium to gain insurance benefits for life. 

Waiver of Contribution and Allowance

Get a waiver of contribution and healthcare allowance in case of death or disability.

How Do Askari Life Policies Work?

Most Askari Life Policies use unit-link methods to calculate and divide your returns. This means your premium is allocated to an investment fund. Every time you pay a premium, the company buys ‘units’ in an investment fund of your choosing and these units keep on accumulating until your policy matures. 

Here’s how it works.


The company collects all your data and assigns you a protection multiple to take out the minimum yearly premium you need to pay to get your sum assured. The sum assured is calculated by multiplying your premium value with your protection multiple.


Once you start paying the premiums the company deducts commission, administration and unit allocation charges and invests the rest of your money into the investment fund by buying units.


With each passing year, your cash value (the networth of your investments) accumulates and your policy becomes even more profitable.


Your policy reaches a certain number of years. Now your policy is maturing, and accumulating additional bonuses based on the age of the policy. The older it grows, the more profitable it becomes.


For policies that come with surrender value, you can choose to withdraw your sum assured after x number of years (generally 2-3+ years).


Congratulations! Your policy has matured. If you’ve successfully reached the end of your policy, you’ll receive a sum assured, accrued profits and bonuses (based on the policies you’ve chosen).

Available Benefits with these policies

  • Waiver of premium: this means if you suffer a disability during the tenure of your policy and have lost your source of income, the company will pay your premiums until the policy matures or until you reach a certain age. 
  • Death Benefit: If you die in the middle of your policy, or in certain cases after it ends, your beneficiaries will receive a certain sum assured. 
  • Inflation Safety: Your premium and sum assured amounts are increased every year to combat inflation. 
  • Withdrawals: You can also withdraw money from your funds. Usually, the companies set a limit of the amount and the times you can withdraw the amount. These withdrawals also reduce your cash value back.
  • Surrender Value: You can quit investing in your premium/policies after having paid your premiums for 3 or 3+ years (can vary from company to company), get an evaluation of your cash value worth and then get the money if you don’t feel like proceeding, need the money urgently or do not have enough money to pay your premiums anymore.