UBL Better Life Savings Plan
EFU Life Assurance Limited
UBL BetterLife Savings Plan is a high value savings and investment vehicle. Funds accumulated during the savings term can be utilized for children’s higher education, marriage, buying a house, generating retirement income or for any other purpose.

UBL Better Life Savings Plan

UBL BetterLife Savings Plan is a high value savings and investment vehicle. Funds accumulated during the savings term can be utilized for children’s higher education, marriage, buying a house, generating retirement income or for any other purpose. The plan is flexible enough to respond to most individuals’ needs. It is a unit-linked plan which aims to deliver a substantial sum of money at the end of the savings period. The additional benefit of course comes in the form of life insurance cover.

  Better Life Savings Plan
Investment Fund EFU Managed Growth Fund
Minimum/Maximum Age at Entry 18-65 years age next birthday
Maximum Age at Maturity 75 years age next birthday
Available Term & Payment Range 10-40 years
Minimum Annual Premium 15,000
Unit Allocation as % of Basic Plan Premium Year 1 - 40%
  Year 2 - 80%
  Year 3 to 5 - 100%
  Year 6 to 10 - 103%*
  Year 11 & onwards - 105%*
  *If Basic plan contribution is Rs. 20,000 or more.
  Ad hoc - 100%
Sum Assured Regular Basic Plan Annual Premium x Term [For ages greater than 60 years, the Sum Assured is 5 times the Annual Premium]
Premium Payment Mode Annual
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 Available, 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 – Preferable at Maturity (available after payment of two years premium) Bid value of units at time of surrender
Optional Riders/ Built-in ADDP(built-in), WOP(built-in), ATA, FIB and LC+
Applicable Charges Bid/Offer Spread: 5%
  Investment Management Charge: 0.125% of fund value per month
  Administration Fee: Rs 60 per month (Deducted Annually)