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