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Executive Pension Plan

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1 Executive Pension Plan
Achieving Financial Independence Upon Retirement Executive Pension Plan

2 EFU Executive Pension Plan
Ensuring that your retirement is planned! Worried about the financial problems you might face after retirement? Let EFU Life facilitate you with EFU Executive Pension Plan An effective means of achieving financial independence upon your retirement. In addition to your retirement benefits, the Pension Plan also gives you the opportunity to avail a range of protection benefits enabling you to tailor the Plan perfectly to your needs.

3 Salient Features Contribution to the Pension Plan are invested in accumulation of units to build up a substantial capital Capital is applied to provide a pension at retirement The Pension Plan is fully portable and stays with you wherever you go. Your contributions will buy units in any one of the EFU Growth Funds, managed by experts You will be able to choose how to take your benefits from a whole range of options. Access your savings when you need them.

4 You can withdraw your full or partial Fund Value
A Range of Benefit Options You can withdraw your full or partial Fund Value At maturity you can withdraw the fund value as a lump sum amount, or you may select an income to be paid for your lifetime. You can select a joint income which will continue to be paid to your spouse Fund Acceleration Premium EFU Executive Pension Plan gives you the flexibility to top-up your regular contributions by depositing surplus funds.

5 7% Access to your savings Inflation Protection
No one can predict the Future If needed you can access your savings after 2 years’ premium payment Inflation Protection Security and Peace of Mind The plan also takes into account the effect of annual inflation To retain the purchasing power of the Plan’s benefits Each year the contribution would increase by 7% of the initial contribution

6 Life Cover Option (Additional Term Assurance)
Additional Benefits The Pension Plan offers a range of additional benefits to help you tailor the Plan to suit your particular need. Waiver of Premium Contribution to your pension plan will be paid in full incase you are unable to continue your occupation due to illness. Life Cover Option (Additional Term Assurance) This optional benefit provides a lump sum amount to those who are dependent on you on your death. Income Benefit This optional benefit provides a fixed amount, payable quarterly in advance, to ensure that the financial needs of your family are met.

7 Other Important Details
Age Minimum: 18 years Maximum: 60 years Term Between ages 60 and 70 years Contribution Minimum annual contribution is Rs. 16,000 Fund Acceleration Premium: Minimum: Rs. 16,000 Maximum: 5 times the current year’s annual contribution.

8 If basic plan contribution is over Rs. 20,000
Unit Allocation The proportion of Basic Plan contribution allocated to investment is as follows: Year % Allocation 1 50% 2 90% 3 to 5 100% 6 to 10 103% If basic plan contribution is over Rs. 20,000 11 onwards 105% Plan Charges Investment Management Charge : 0.125% of the value of fund per month Bid/Offer Spread : 5% of net regular Contribution Administration Charge : Rs. 240per annum

9 Additional Term Assurance
Death Benefit Payable on death is the full bid value plus the sum assured in respect of any additional benefits Additional Term Assurance Maximum sum assured under the additional term assurance is limited to the Basic Plan times term of policy

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