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Islamic Insurance Plans. EFU Life now introduces two new products for your better future under the EFU Aitemad Growth Fund New Unit Linked Fund All investments.

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Presentation on theme: "Islamic Insurance Plans. EFU Life now introduces two new products for your better future under the EFU Aitemad Growth Fund New Unit Linked Fund All investments."— Presentation transcript:

1 Islamic Insurance Plans

2 EFU Life now introduces two new products for your better future under the EFU Aitemad Growth Fund New Unit Linked Fund All investments are based on Islamic principles Islamic unit linked funds, equities, term deposits, Sukuk Bonds All underlying investments have been approved by their respective Shariah Boards

3 M inimum Contribution Rs. 16,000 per annum. Min: 10 years Max: 40 years (Maximum 70 years at Maturity) A ge at Entry I nvestment Management Charge 0.125% of the fund value per month. B id/Offer Spread 5% of the contribution. Min: 18 year Max: 60 years T erm Policy yearExtra Unit Allocation 135% to 45% 270% 390% 4 & onwards100% U nit Allocation A dministration Charge Rs. 500 per annum. ASASA PLAN

4 F F und Acceleration Premium Minimum FAP allowed in a year Rs. 20,000 Maximum FAP allowed in a year 5 x Basic Plan Premium I I ndexation 7% every year – simple basis Premium increases as a percentage of initial years premium M M aturity Benefit At maturity, fund value is payable B B onus After the review of the mortality experience of the plan, a surplus will be determined & distributed to the clients as Bonus Units

5 A A dditional Benefit Riders This rider increases the level of life cover. A A dditional Term Assurance C C ritical Illness Benefits F F amily Income Benefit A fixed amount is monthly payable to help maintain your familys standard of living. Lump sum payment on diagnosis of any of the defined critical illnesses A A ccidental Death & Disability In the unfortunate event of death disability as a result of an accident, you can be covered for an additional amount. W W aiver of Premium The contribution of the plan will be taken care of by EFU Life in case you are unable to follow an occupation (and your savings program continues).

6 M inimum Premium Rs. 20,000 annual basic plan premium Min: 10 years Max: 25 years (Maximum 70 years at Maturity) A ge at Entry F und Management Charges 1.5% per annum of fund value B id/Offer Spread 5% of the contribution. Min: 18 year Max: 60 years T erm Policy yearExtra Unit Allocation 135% to 45% 270% 390% 4 & onwards100% U nit Allocation Rs. 500 per annum. NOOR PLAN A dministrative charges

7 F Fund Acceleration Premium Minimum FAP allowed in a year Rs. 20,000 Maximum FAP allowed in a year 5 x Basic Plan Premium I I nflation Protection 7% every year – simple basis Premium increases as a percentage of initial years premium B Bonus After the review of the mortality experience of the plan, a surplus will be determined & distributed to the clients as Bonus Units C C ontinuation Benefit Incase of death, the Company will continue to make premiums payment into the fund

8 W W aiver Premium The contribution of the plan will be taken care of by EFU Life in case you are unable to follow an occupation (and your savings program continues). A A dditional Benefit Riders I ncome Benefit A fixed amount is monthly payable to help maintain your familys standard of living.


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