We offer you the flexibility to invest your money in either of the following NJI Life funds. You can choose to invest fully in any one fund that suits your investment needs or split your premium between options available.
Managed Fund: The objective of this fund is to maximize capital appreciation by investing in a balanced portfolio of wide range of shares, government and other fixed income securities and other cash deposits.
Yaqeen Growth Fund: This fund has been formed to enable NJI Life's policyholders to participate in a diversified portfolio of fixed income securities with no exposure to equity. Yaqeen Growth Fund is suitable for those who wish to earn steady returns on investments through full exposure to debt securities and minimum risk of capital erosion.
Sarmaya Fund: The objective of the fund is to maximize returns to policyholders by investing in a diverse portfolio of asset-backed investments such as shares, term finance certificates and bank deposits.
Meesaq Fund: The objective of the Meesaq Fund is to provide an opportunity to investors who want Interest Free returns. The instruments in which the Meesaq fund invests are selective Stocks, Sukuk Bonds, Short Term Deposits of Islamic Banks, Islamic Mutual Funds and fixed income funds of Islamic Banks and other valid interest-free investments.
These funds are managed by expert investment managers and are backed by premium securities with a view to optimize medium to long term returns balanced with risk. The premiums paid are invested in fund/funds of your choice & units are allocated depending on the price of units for the fund/funds. The value of your policy is the total value of units that you hold in the fund/funds.
Flexibility to manage your investments: We offer you the flexibility to manage your investments. You can either allocate the entire premium into one of the funds or split your premium between multiple funds that are available. Subsequently, depending on the performance of funds, you can switch between funds. We allow you four (4) free switches every policy year. Charges would be applicable from the fifth switch and will be deducted from the Cash Value / Unit Account prior to the switch.
*Please Note:
- Splitting of Meesaq Fund with other funds and vice versa is not allowed because of difference in the nature of investments made under these funds.
- Each fund & insurance plan is technically different from the other. You may contact our sales representatives for the appropriate fund selection of your unit linked plans.