EFU Savings Plan

EFU Savings Plan

High value savings and investment plan

Specifically designed for Group Schemes Minimum 10 employees Provides rapid accumulation of fund value from the early policy years. Unbeatable in the life insurance market in terms of value for money

Provident Funds

Employer sponsored mechanism providing savings and retirement benefits Monthly contribution employee employer Generally in the range of 8.33% of basic salary per month All Provident Funds sponsored by employers come under the purview of Provident Fund Rules of the Income Tax Ordinance 2001

Provident Fund Rules Income Tax rules 2002

Recognized Provident Funds
The Rules allow deduction from provident fund balance to pay premiums of life insurance policies. Conditions for such withdrawals are: Policy is to be assigned to the trustees of the provident fund (Rule 103 (1) h) Premium payment receipt is to be handed over to the trustees for inspection (Rule 103 (1) h)

Provident Fund Rules

Each withdrawal cannot exceed 18 times monthly salary of the employee or the total accumulated provident fund balance, whichever is less (Rule 104 (1) d)

Amount withdrawn for premium payments does not have to be repaid to the trustees (Rule 106 (1))
Employee has to give a written request to the trustees for deduction of the amount of premium from the provident fund balance and pay to the insurer.

EFU Savings Plan

Flexible Saving Period

10 years

40 years

Opportunity for Growth Your contributions to the Plan will buy units in the EFU Managed Growth Fund The objective of the Fund is to maximize capital growth by investing in a balanced portfolio spread across a wide range of fixed income securities, stocks and other instruments The Fund is managed by experts who will adjust the mix of underlying investments in the light of economic conditions and investment opportunities

EFU Savings Plan

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 Plans benefits Each year the contribution would increase by

7%
of the initial contribution The Plan also has the flexibility of paying level premiums

EFU Savings Plan

Access to your savings No one can predict the Future Encashment after 2 years premium payment Investment with a Safety Net

Guaranteed level of life assurance In case of death before the end of the selected term, the dependents will receive the greater of the sum assured or the cash value of the plan at the date of death

EFU Savings Plan

Minimum Annual Premium

Rs. 10,000
Additional Benefits

Waiver of Premium
Additional Term Assurance Accidental Death & Disability Benefit Accidental Death & Disability Benefit (Plus) Family Income Benefit Lifecare Benefit Lifecare Benefit Plus

Some of our Corporate Clients

Pakistan Steel Port Qasim Authority EOBI NED University PTCL Karachi Port Trust Karachi City Government Ufone

11.00%

12.00%

13.00%

14.00%

15.00%

16.00%

17.00%

18.00%

19.00%

20.00%

31-Dec-06 31-Jan-07 28-Feb-07 31-Mar-07 30-Apr-07 31-May-07 30-Jun-07 31-Jul-07 31-Aug-07 30-Sep-07 31-Oct-07 30-Nov-07 31-Dec-07 31-Jan-08 29-Feb-08 31-Mar-08 30-Apr-08 31-May-08 30-Jun-08
EFU NJLI

EFU Managed Growth Fund

10 Year Annualized Returns

EFU MGF vs NJLI Managed Fund

31-Jul-08 31-Aug-08 30-Sep-08 31-Oct-08

Thank you !