MARRIAGE PLAN

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 Your Promise Today,
Their Celebrations
Tomorrow
The wedding is a time for celebrations. It is a
special day for you and your family where every
moment is filled with love, festivity and amazing
memories. But as a parent, such events come
with a lot of responsibilities and you want to
ensure that your loved ones are never short in
financial resources on such grand occasions. To
enjoy these happy moments at their fullest, it is
important to be free of financial worries to cover
expenses like the cost of events, dresses, jewelry,
etc.
With the increasing expenses on such life events,
it is becoming very important to have a financial
secure plan where you can invest enough savings
to make all your dreams come true for your
children’s big day. Considering this objective EFU
Life brings Marriage plan which is an
investment-linked insurance product – A plan
which will provide you systematic way of savings
that will help your dreams come true for your
child at his/her marriage.

Disclosure of Product
This is a life insurance product which has two distinct elements i.e.,
Insurance Protection and Investment. The Investment Component is linked
to the performance of underlying assets under unit linked fund(s).

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.

Save Now To Celebrate In The Future

EFU Marriage Plan is a unit linked savings plan targeted to provide the best opportunity to
save for your children’s big day in life by providing you with significant accumulation of cash
values till the end of the policy term.
This plan has a built-in feature of “Continuation Benefit” which provides the financial security to the
policy holder that in case of his death (God Forbid) during the policy years, EFU Life will make sure
that targeted fund at maturity is achieved. In addition to this, the built-in accidental benefit will
provide your family additional financial relief in your absence. The plan offers you the facility to select
any one fund according to your preference. The plan also has a unique feature to protect you against
inflation and provide an option to access your savings whenever you need them. In addition to this,
Marriage Plan allocates bonus units allocation as Engagement Bonus, to provide a boost to your
savings. Not only this, you can opt for additional benefits that make your policy more attractive and
lucrative for you.

Opportunity For Growth

The premiums of the plan will be utilized to purchase units in the fund selected by the policy holder.
You have the flexibility to select from one of the following Unit Saving Funds based on your risk
appetite and investment objective at the inception of the policy.

All available funds are categorized with their risk profiling as per the investment criteria.

Funds
EFU Managed Growth Fund EFU Guaranteed Growth Fund EFU Income Growth Fund *
Fund Categorization: Balanced Fund Categorization: Money Market Fund Fund Categorization: Income Fund

Risk Profile: Medium Risk Profile: Low Risk Profile: Low

An investment fund with a An investment fund providing Investment fund providing

balanced investment strategy. steady returns with a guarantee steady returns. It aims to
It aims to achieve reasonable that the bid price of the fund will achieve consistent capital
capital growth and steady returns never fall. It aims to achieve stable growth with investment in
with investment in government growth through investment in short government securities and
securities, carefully selected blue term debt securities. high-quality corporate debt.
chip equities, and other fixed
income securities and cash

*EFU Income Growth Fund to be selected by default

Monitoring The Performance Of The Plan

EFU Life will regularly review the underlying assumptions used in light of the actual performance of
the plan to ensure that it is going in the right direction. Based on this review, we will make
appropriate recommendations and also advise if you need to make additional lump sum premiums
to ensure that the target funds are achieved to meet the marriage expenses.
*EFU Income Growth Fund to be selected by default

Inflation Protection
This option gives you the security and peace of mind of knowing that the benefits provided by your
plan will be automatically updated in line with inflation every year regardless of your health.
The contribution will increase every year by 5% of the previous year contributions.
Under this option, the coverage under any additional benefits also increases automatically, without
any medical evidence. This benefit is available until age 55. You may subsequently waive your rights
to this "guaranteed insurability" but the subsequent reinstatement will be subject to medical
evidence.
Fund Acceleration Premium
This benefit acknowledges the fact that you may have surplus cash available at any point in your life.
Marriage Plan is a regular premium plan but also gives you the flexibility to top-up your savings by
depositing your surplus funds as lump sum premiums in the plan. These lump sum premiums, called
“Fund Acceleration Premiums” (FAP) payments can be made at the commencement or at anytime
when the policy is inforce. The FAP payments will increase the cash value of your plan.
The minimum FAP payment is PKR 25,000 per payment.
Engagement Bonus
EFU Marriage Plan also provides you with Engagement Bonus to recognize the need for extra funds
to cover expenses associated with your child’s engagement. The bonus is provided as an increase to
your fund value through extra unit allocation. The allocation percentage for the Engagement Bonus
is mentioned below:

Policy Year Unit Allocation

15 15% of average annual basic premium

20 25% of average annual basic premium

Continuation Benefit
On death prior to the maturity of plan, the plan ensures that your child’s future remains secure
through Continuation Benefit. This is built into the plan and ensures that all future premiums are
paid by EFU Life following the death until the Plan’s maturity date. This means that the funds you
had originally planned for, will still be available for your children.

Accidental Death Benefit (Built-In Rider)

Having covered you with the continuation benefit, EFU Life further broadens its protection by
offering Accidental Death Benefit. In case of an accidental death of policyholder during the policy
term, the Plan provides a lump sum payment to your beneficiaries.

Maturity Benefit
At the end of the Policy Term, while the policyholder is still alive, the maturity benefit payable will
be total cash values accumulated in the fund.

“Next Generation” Benefit

In “Next Generation” Benefit at the maturity date, the life assured has an option to take 90% of the
Maturity Benefit as lump sum cash payment to cover the immediate marriage related expenses
and leave the Units equivalent to the remaining 10% of the Maturity Benefit with the company to
remain invested in the Fund.
The Units remaining in the Fund may be surrendered within a period of two years from the
Maturity Date and utilized to purchase EFU Life’s Marriage Plan/Education Plan from the company
subject to the terms and conditions applicable to the plan at that time.

Additional Benefits
Various additional benefits are available which may be attached to the basic plan to enhance your
coverage level. You can choose any one of the following benefits at one point in time.

Income Benefit
In the unfortunate event of death, this additional benefit will provide a quarterly income to your
dependents to maintain a decent lifestyle.

Waiver of Premium
If you are unable to follow any occupation for at least six months due to sickness or accident, the
unpaid present contribution to your plan will continue to be paid by EFU Life.

Important Details
Eligibility
The minimum age at entry of the life assured is 18 years next birthday and the maximum age at
entry is 65 years next birthday.

Term
The term of plan selected can be for any period between 10 and 25 years, subject to a maximum
age of 70 at maturity.

Basic Premium
The minimum annual basic plan regular premium is Rs. 25,000.
Unit Allocation
The proportion of contribution for investment in units varies by policy year and is
mentioned below :

Year % Allocation Allocation charges

1 30% 70%

2 75% 25%

3 90% 10%

4-10 100% 0%

11 onwards 105% 0%

*An allocation charges will be deducted from the Paid Premium every year as per the
above table and the remainder will be allocated to the account value.
 Premium will be allocated to purchase units in the selected fund at the offer price. Units will be
allocated at the price ruling at the next valuation of the fund following receipt of premium at the
company’s main office.

Access To Your Savings

Nobody can predict the future. If your circumstances change and you have a need for cash,
your plan can be encashed for the full bid value of units after the second annual premium
has been paid. Please remember that the value in the first few years is likely to be low since
the plan is designed for long-term capital gains.
Alternatively, you may just want a small proportion of the capital you have accumulated.
The plan gives you the facility to make partial withdrawals at any time while continuing to
make premiums and keeping the plan in place. This facility is subject to at least Rs. 20,000
remaining as cash value after such withdrawals.
Automatic Non Forfeiture Option
If premium payments are stopped due to any reason after paying two full years’ premiums,
the Company will keep the basic policy in force for a period of one year from the date of
first unpaid premium. During this one year period, the Company will cancel enough units
to pay for the cost of maintaining the cover and for administration. At the end of this
period, if the policy has a cash value, it will be converted to “Paid-up” policy. In such a case,
no further premiums would be payable and the amount payable on death or maturity will
be equal to the Cash Value of the policy. At each policy anniversary, the Company will
cancel enough units to pay for the administration cost for maintaining the policy.
Charges
The following charges apply to the plan:
Charges Rate / PKR
Administration Charge PKR 840 annually
Bid/Offer Spread 5% of the net regular premium
Investment Management Charge 1.5% of the fund value per annum
An age-based mortality charge applies for the life insurance risk each
Mortality Charge (Cost of
year and is dependent on the sum at risk. No mortality charges applies
Insurance)
in years where the cash value exceeds sum assured.
Fund Switching Fee PKR 500
Surrender Processing Fee PKR 500
Surrender Charge 100% for the first year
Allocation charges As per the above “Unit Alloca�on” table

Disclaimer
1. This brochure gives a general outline of ‘EFU Marriage Plan’.
2. A description of how the contract works is given in the policy Provisions and Conditions.
3. The growth in fund value will depend on the actual fund performance. You can enhance
your cash value by payment of Fund Acceleration Premiums.
4. Please note that Unit Linked Life Insurance plans are subject to investment risk and the
Investment risk in the selected fund is borne by the policy holder.
5. Kindly contact our Head Office or Sales Consultant for a personalized illustration of
benefits.
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