| Minimum/Maximum Age at Entry
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18-65 years nearest birthday
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| Maximum Age at Maturity
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85 years nearest birthday
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| Available Term & Payment Range
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10 years up to the age 85 years at maturity
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| Minimum Annual Premium
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250,000
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| Unit Allocation as % of Basic Plan Premium
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Year 1 – 60.0%
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Year 2 to 4 - 90%
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Year 5 - 100%
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Year 6 & onwards - 103%
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Ad hoc - 100%
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For Account Value Acceleration Premium payments - Minimum payment is PKR 250,000 with no limit on the maximum.
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| Premium Payment Mode
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Annual/Half Yearly/Quarterly
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| Partial Surrender Benefits
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Any time subject to Terms and conditions, Minimum amount to be withdrawn is PKR 10,000 provided that the remaining amount in the PIA is PKR 250,000.
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| Policy Surrender Option
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Allowed, provided that two annual premiums have been paid by the policy owner
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| Ad Hoc Premium
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Allowed anytime during the policy is in-force
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| Death Benefit
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(Sum Covered or PIA value ) whichever is higher+ Accumulated Account Value of Top up + Surplus (if any)
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| Vitality Feature
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Weekly Benefit: PKR 500 mobile top up (any network) or PKR 500 discount voucher through Foodpanda at selected restaurants
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Monthly Benefit: customer can earn up to 100% cashback towards the purchase price of the device over a 24-month period.
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Annual Benefit: Up to 18% of the annual premium accrues every year based on the Vitality status and Sum Cover Multiple and are credited to the Top-up account at every fifth membership anniversary.
(Vitality feature details are mentioned in the brochure)
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| Sum Covered Multiple
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05 to 10
11 to 20
21 & higher
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| Applicable Charges
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Investment Management Charge: 0.125% of the fund value per month
Administration Fee: Rs. 165 per month
Bid Offer spread of 5% of allocable premium
Vitality Fee, PKR 320 per participant per month
Surrender (% of Account Value), 100% - 1st & 2nd year and 3 year - Nil
Investment Strategy Switching Fee, PKR 500
Processing Fees, PKR 500 on each partial withdrawal and complete surrender
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| Investment Fund
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IGI Life Secure Strategy, IGI Life Conservative Strategy, IGI Life Balanced Strategy, IGI Life Aggressive Strategy, IGI Life Shari’ah Compliant Strategy, IGI Life Conservative Strategy to be selected by default
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| Claims
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In case of an unfortunate event, you may file your claim intimation through any UBL branch walk in, visiting the IGI Life Head Office or by visiting any of the IGI Life branches in the country. For a swift speedy process you may also call us at our UAN (021 111-111-711) or simply visit our website, fill in the intimation form and email it to us at services.life@IGI.COM.PK. Thereafter, you will be contacted for next steps. Always remember to mention the current address and contact number of the claimant while submitting intimation.
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