| Minimum/Maximum Age at Entry
|
18-65 years age next birthday
|
| Maximum Age at Maturity
|
N/A
|
| Available Term & Payment Range
|
Whole of Life
|
| Minimum Annual Premium
|
15,000
|
| Unit Allocation as % of Basic Plan Premium
|
| Policy Years
|
Unit Allocation %
|
Allocation Charges**
|
| Year 1*
|
60%
|
40%
|
| Year 2
|
80%
|
20%
|
| Year 3
|
90%
|
10%
|
| Year 4 - 10
|
100%
|
0%
|
| Year 11 & onwards
|
100% + “Loyalty Bonus Allocation"*
|
0%
|
*First year allocation is valid from 1st July 2024 onwards.
**An allocation charges will be deducted from the Paid Premium every year as per the above table and the remainder will be allocated to the account value.
|
| Loyalty Bonus Unit allocation
|
If the plan remain continuously in-force, there is an extra unit allocation will allocated in the following years:
|
|
|
| Policy Years
|
Loyalty Bonus Allocation%
|
| Year 11
|
30%
|
| Year 16
|
45%
|
| Year 21
|
60%
|
| Year 26
|
75%
|
| Year 31 & onwards
|
90%
|
|
| Cover Multiple
|
| Age (years)
|
Protection Multiple
|
| 18 to 35
|
10 to 75
|
| 36 to 40
|
10 to 50
|
| 41 to 49
|
10 to 35
|
| 50 to 60
|
10
|
| 61 to 65
|
5 to (70-age)
|
|
| Sum Assured
|
Regular Basic Premium x Cover multiple
|
|
| Premium Payment Mode
|
Annual/Half Yearly/Quarterly/Monthly
|
| Disclosure of Product
|
This is a life insurance product which has two distinct elements i.e., Insurance Protection and Investment. The Investment Component is linked to the performance of underlying assets under unit linked fund(s).
|
| Free Look Period
|
If you cancel your policy within free look period of 14 days from the date of the documents receipt, you are entitled for a full refund of premium less any expenses incurred by EFU Life in connection with our medical or clinical examinations.
|
| Partial Surrender Benefits
|
Bid Value of Units requested for Partial Withdrawal. Amount of Partial Surrender may be subject to minimum amount and residual value determined by the Company.
|
| Policy Surrender Option
|
Allowed, provided that two annual premiums have been paid by the policy owner
|
| Ad Hoc Premium
|
Allowed anytime during the policy is in-force
|
| Death Benefit
|
Sum Assured or Cash Value of units, whichever is higher. Plus Cash Value of the units applicable to FAP
|
| Surrender Benefit (available after payment of two years premium)
|
Bid value of units at time of surrender
|
| Optional Riders/ Built-ins
|
ADDP (built-in), LC+, WOP, ATA and FIB
|
| Retirement Option
|
The plan allows the assured to opt for a retirement age of between 60 to 70 years. At retirement, assured may opt for regular pension payments.
|
| Applicable Charges
|
Bid/Offer Spread: 5%
|
|
|
Investment Management Charge: 0.125% of fund value per month
|
|
|
Administration Fee: Rs 90 per month (Deducted Annually)
|
|
|
Mortality Charge (Cost of Insurance): An age-based mortality charge applies for the life insurance risk each year and is dependent on the sum at risk. No mortality charges applies in years where the cash value exceeds sum assured.
Fund Switching Fee: PKR 500/-
Surrender Processing Fee: PKR 500/-
Surrender Charge: 100% for the first year
Allocation charges: As per the above Unit Allocation table
|
| Claim
|
In case of an unfortunate event, you may file your claim intimation through any UBL Branch walk in, visiting the EFU Head Office or by visiting any of the EFU branches in the country. For a swift speedy process, you may also call us at our call center (021-111-338-111) or simply visit our website, fill in the intimation form and email it to us at cod@efulife.com. Thereafter, you will be contacted for next steps.
|
| Investment Fund
|
- EFU Managed Growth Fund - (Fund Categorization: Balanced, Risk Profile: Medium)
- EFU Guaranteed Growth Fund* – (Fund Categorization: Money Market Fund, Risk Profile: Low)
- EFU Income Growth Fund and – (Fund Categorization: Income Fund, Risk Profile: Low)
- EFU Aggressive Growth Fund (Fund Categorization: Aggressive, Risk Profile: High)
*GGF to be selected by default
|