UBL Better Life Marriage Plan

UBL BetterLife Marriage Plan provides a complete financial package for planning your son or daughter’s marriage, by allowing you to accumulate an endowment funds for this purpose in an organized and disciplined manner. Whether it is meant for your son or daughter’s marriage or to help them to start off a new life of their own, this plan is spot on!

	Better Life Marriage 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	10-25 years
Minimum Annual Premium	15,000
Unit Allocation as % of Basic Plan Premium	Year 1 - 30-40% (Depending on the term of the policy)
	Year 2 - 80%
	Year 3 to 10 - 100%
	Year 11 to onwards - 105%*
	*If the Basic Premium is greater than 20,000, else it would be 100%
	Ad hoc - 100%
Premium Payment Mode	Annual/Half Yearly/Monthly/Quarterly
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	After the death of the life assured, the remaining unpaid premium will be paid by EFU Life, so that the target fund at maturity for the child education can be achieved.
Surrender Benefit – Preferable at the maturity (available after payment of two years premium)	Bid value of units at time of surrender
Optional Riders/Built in	Income Benefit Waiver of Premium (built-in)
Applicable Charges	Bid/Offer Spread: 5%
Applicable Charges	Investment Management Charge: 0.125% of fund value per month
	Administration Fee: Rs 60 per month (deducted annually)