UBL Better Life Shaheen Plan
UBL BetterLife Bancassurance
UBL BetterLife Signature Plan by EFU Life is not only a multipurpose savings and investment vehicle but provides valuable life insurance coverage as well.

UBL Better Life Shaheen Plan

UBL BetterLife Shaheen Plan by EFU Life is not only a multipurpose savings and investment vehicle but provides valuable life insurance coverage as well. With higher first year allocation, the plan gives a valuable benefit to the customer to the customers from the higher returns. The large funds accumulated during the savings term can be utilized to fulfill future financial objectives. The plan is highly flexible and responds to an individual’s short or long term needs.

  UBL Better Life Shaheen Plan
Investment Fund - EFU Managed Growth Fund
- EFU Guaranteed Growth Fund
- EFU Aitemad Growth Fund
- EFU Aggressive Growth Fund
MGF to be selected by default
Minimum/Maximum Age at Entry 18-65 years age next birthday
Maximum Age at Maturity 75 years age next birthday
Available Term & Payment Range 10-57 years
Minimum Annual Premium 250,000 per annum
Unit Allocation as % of Basic Plan Premium Year 1 - 60%
  Year 2 - 85%
  Year 3 to 5 - 100%
  Year 6 to 10 - 103%
  Year 11 & onwards - 105%
  Ad hoc - 100%
Cover Multiple 5-75
Sum Assured Protection Multiple *Annual Basic Plan Premium  
Premium Payment Mode Annual
Partial Surrender Benefits Partial Surrender Benefits You can withdraw any amount, to meet a sudden need, without surrendering your policy. Partial surrender is allowed subject to Rs. 250,000 remaining in the fund.
Policy Surrender Option You may surrender your plan after the 2nd year’s premium is paid. At the time of surrender, you will be paid in full the cash value of your fund. However surrender in early membership years may result in lower cash value.
Ad Hoc Premium Allowed anytime during the policy term
Death Benefit Sum Covered or Cash value of units, whichever is higher
Maturity Benefit At the end of the term of the plan, you will receive the cash value accumulated during the term of the plan.
Optional Riders Accidental Death Benefit, Accidental Death and Disability Benefit, Accidental Death and Disability Benefit Plus*,Life Care Benefit Plus, Medical Recovery Benefit, Hospital Care Plus, Waiver of Premium Benefit,
Applicable Charges Bid/Offer Spread: 5%
  Management Charge: 1.5% of Fund Value per year
  Administration Fee: Rs. 90 per month
Primus All Benefit of Primus will be available to UBL Shaheen Plan customer with Annual premium of Rs. 250,000 & above.