| 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 per annum
|
| 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 - 5
|
100%
|
0%
|
| Year 6 – 10
|
103%
|
0%
|
| Year 11 and onwards
|
105%
|
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.
|
| Premium Payment Mode
|
Yearly, Half-Yearly, Quarterly & Monthly
|
| Sum Assured
|
Regular Basic Plan Annual Premium x Term [For ages greater than 60 years, the Sum Assured is 5 times the Annual Premium]
|
| 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
Ad hoc - 100%
|
| 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 the maturity (available after payment of two years premium)
|
Bid value of units at time of surrender
|
| Optional Riders/Built in
|
Accidental Death and Disability Benefit Plus (built-in)
Waiver of Premium (built-in)
Additional Term Assurance
Family Income Benefit
Life Care Plus Benefit
|
| Applicable Charges
|
Bid/Offer Spread: 5%
|
|
|
Investment Management Charge: 0.125% of the fund value per month
|
|
|
Administration Fee: Rs. 90 per month
|
|
|
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
|