EFU SAVINGS AND LIFE

PROTECTION PLAN
ENJOY THE LIFE AT EVERY STAGE
 EFU Savings and Life
Protection Plan
EFU Savings and Life Protection Plan that enables you to reach your
financial goals in life with added benefit of comprehensive life
insurance coverage. Whether it's for your children's higher education
or marriage, ensuring regular income after retirement, a trip overseas,
or any other vital need, the large accumulated funds would help you
attain your goals. The plan can also be customized to meet specific
needs of the individuals.

Opportunity for Growth:

Every premium paid towards the plan will be invested in one or two of the internal investment funds of EFU Life.
It is completely your decision to choose the internal fund based on your investment objectives. You can select
from the following unit funds mentioned below:
EFU Managed Growth Fund: An investment fund with a balanced investment strategy. It aims to achieve
reasonable capital growth and steady returns with investment in government securities, carefully selected blue
chip equities and other fixed income securities and cash.
EFU Guaranteed Growth Fund*: An investment fund providing steady returns with a guarantee that the bid
price of the fund will never fall. It aims to achieve stable growth through investment in short term debt securities.
EFU Aggressive Fund: An investment fund with the aim of investing in equities providing a higher rate of
return. It aims to maximize capital growth by using investments with an aggressive market outlook.
Multiple Fund Option: Under this option you have a facility to select a mix of two unit linked funds of the plan.
Fund mix can be selected in the multiples of 10%. It means that the funds split can be of 90/10, 80/20, 70/30,
60/40 or 50/50.
* Guaranteed Growth to be selected by default
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.

Benefits:
Investment with a “Safety net”:
The moment one starts saving with the Saving Plan he will enjoy a guaranteed level of life assurance protection.
This cover means that in case of death the dependents will receive
• The greater of the sum assured or the cash value of the plan at the date of death,
And
• Any cash value of the FAP payments.

Optional Benefits:
Accidental Death and Disability Benefit (Built-in): The plan provides immediate funds in case the
assured parent dies due to accidental cause or suffers a disability. The amount of payout is up to 10 times the
Waiver of Premium Benefit (Built-in): In case an individual is unable to follow an occupation due to
sickness or accident (permanent total disability), the contribution of the plan would be made by EFU Life.
Additional Term Assurance: This rider increases the level of life cover by providing an additional amount
in the range of 50% to 200% of the Main Plan Sum Assured, in case of death of the Life Assured.
Family Income Benefit: This benefit ensures that a monthly income is paid to the family in case of an
unfortunate death of the policy holder (insured person) during the plan term.
Life Care Plus Benefit: This rider provides a flexible benefit ranging from Rs. 50,000 to sum equivalent to
main plan sum assured subject to a maximum of Rs.1.5 million, upon the diagnosis or the occurrence of any
15 covered critical illnesses.

Unit Allocation
The proportion of basic plan allocated to investment is as shown in table:

Year Unit Allocation %

1 55%
2 80%
3 90%
4 to 10 100%
11 and onwards 100% + Loyalty Bonus
Loyalty Bonus:
A Loyalty Bonus unit allocation applies every 5 years, starting from the 11th policy year. The bonus allocation
is a percentage of the average Basic Plan premium paid up to the policy year immediately prior to the year
in which Loyalty Bonus is to be allocated. The extra unit allocation, in addition to the Basic Plan contribution
is as follows:
Year Loyalty Bonus Allocation %
11 30%
16 45%
21 60%
26 75%
31 and onwards 90%
Sum Assured:
This is the guaranteed amount payable on death. The sum assured may be selected from a range depending
on the age at entry. The sum assured is determined as the Basic plan annual premium multiplied by the
“Protection Multiple” which can be selected from the following table:

Age (years) Protection Multiple

18 to 35 10 to 75
36 to 40 10 to 50
41 to 49 10 to 35
50 to 60 10
61 to 65 5 to 70 - age

Extended Term Assurance (ETA):

One of the most flexible feature which allows the Policyholder to pay Premium for a predetermined ETA term
and stop premiums for the remaining policy term. This is particularly useful if the policyholder is unable to
continue with the premiums but requires the coverage. The ETA option can be availed after payment of 10
full years’ Regular Premium, by giving 30 days’ notice before a renewal date. Riders (If any) will be
discontinued once ETA is selected.
Fund Acceleration Premium:
If you have surplus cash available at any point of time during the plan term it can be invested in the plan to
enhance your cash values. These additional payments in the plan are called Fund Acceleration Premium
payments. You can make these payments at any time while the policy is in force. The minimum FAP
payment is Rs. 18,000.
100% of FAP payments are allocated to purchase units in the selected fund.
Complete and Partial Surrender:
The plan always provides complete access to the accumulated fund value. After the premium have been
paid for two full years, the Fund can be withdrawn for its full or partial value with specific conditions. Please
note in case of withdrawal in early policy years, it may yield lower cash values.
Indexation:
With indexation benefit, you will have security and peace of mind knowing that the benefits provided by the
plan will automatically update every year in line with inflation. Under this option, the Premium will increase
by the 5% of the previous year's Premium. Similarly, the Sum Assured of Main Plan and additional rider, if any,
will increase in the same proportion upto age 55 years. However, one may opt to increase only the Premium
while keeping the Sum Assured at initial level.
Claim:
In case of an unfortunate event, you may file your claim intimation through an Askari Bank 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 [email protected]. Thereafter, you will be contacted for next steps.
FAQs
What is the Applicable age and tenure?
All individuals aged between 18 and 65 years next birthday are eligible. The coverage term is 10 to 25 years
subject to a maximum age of 75 years at maturity
What the minimum Premium requirements?
Minimum annual basic plan premium is Rs. 18,000/- only.
What are the charges?
Investment Management Charges: 0.125% of the fund value per month
Bid / Offer Spread: 5% of the regular premium
Administration charges: Rs.100 per month
Disclaimer:
• This product is underwritten by EFU Life Assurance Ltd. It is not guaranteed or insured by Askari Bank
Limited or its affiliates and is not an Askari Bank Limited product.
• Askari Bank is just a promoter/distributor and corporate insurance agent of this product to its valued
customers.
• Growth in the value of your premiums depends on the performance of the selected Fund in which the
premiums are invested.
• All investments made in the selected Fund are subject to market risks. The past performance of the fund
is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of future or
likely performance of the Fund and neither EFU Life Assurance Ltd. nor Askari Bank Limited will incur any
liability for the same. The investment risk of the selected Fund shall be borne by the policyholder.
• A personalized illustration of benefits will be provided to you by our sales representative. Please refer to the
notes in the illustration for detailed understanding of the various terms and conditions.
• Taxes will be applicable as per the taxation laws as stipulated by the relevant authorities.
• A description of how the contract works is given in the policy provisions and conditions. This product
brochure only gives a general outline of the product features and benefits.
• If you have any grievance regarding your Policy, you may contact EFU Life Assurance Ltd. on (021)
111-EFU-111 (111-338-111).
• All Claims, charges and payments relating to your Policies shall be the sole and exclusive responsibility of
EFU Life Assurance Ltd.
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