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30/01/1992
Age: 24
1074 - ( 2.0.0.0 )
Coverage Details:
Currency: Rupees
Mode: Annual
Sum Assured
Premium
Term
1,800,000
Whole of Life
60,000
1,800,000
20
2,700
Waiver of Premium
1,254
20
Rs.63,954
Policy
Year
Cumulative Main
Plan Premium Paid
Cash Value
Cash Value
Cash Value
60,000
1,815,008
15,008 *
1,815,293
15,293 *
1,815,577
123,000
1,863,305
63,305
1,864,811
64,811
1,866,328
15,577 *
66,328
189,150
1,923,331
123,331
1,927,288
127,288
1,931,318
131,318
258,608
1,996,412
196,412
2,004,390
204,390
2,012,605
212,605
331,538
2,076,803
276,803
2,090,626
290,626
2,105,028
305,028
408,115
2,167,399
367,399
2,189,223
389,223
2,212,235
412,235
488,521
2,266,720
466,720
2,299,029
499,029
2,333,512
533,512
572,947
2,375,481
575,481
2,421,122
621,122
2,470,437
670,437
661,594
2,494,353
694,353
2,556,581
756,581
2,624,656
824,656
10
754,674
2,624,110
824,110
2,706,628
906,628
2,798,037
998,037
15
1,294,714
3,478,065
1,678,065
3,737,749
1,937,749
4,044,312
2,244,312
20
1,983,957
4,757,513
2,957,513
5,390,994
3,590,994
6,189,254
4,389,254
25
2,863,626
6,632,171
4,832,171
7,978,847
6,178,847
9,792,862
7,992,862
30
3,986,331
9,324,997
7,524,997
11,951,106
10,151,106
15,737,947
13,937,947
35
5,419,218
11,441,227
11,441,227
16,271,732
16,271,732
23,736,973
23,736,973
40
7,247,986
17,084,359
17,084,359
25,616,014
25,616,014
39,754,638
39,754,638
45
9,582,009
25,049,512
25,049,512
39,655,258
39,655,258
65,630,878
65,630,878
46
10,121,110
26,993,330
26,993,330
43,206,229
43,206,229
72,453,369
72,453,369
Notes:
> This is a Whole of Life contract hence a fixed maturity age is not applicable. However, an age of 70 years is used above for illustration purposes.
> The following year-wise percentages of the basic premium would be allocated for purchasing the units:
Year 1:30% - Year 2:80% - Year 3:90%- Year 4 to 5:100% -Year 6 to 10:103%- Year 11 onwards:105%
> The Illustrative Values do not take into account any partial surrenders.
> Following expenses would be charged every year for Prosperity for Life:
Fund Management Charge
Bid-Offer Spread
Administration Charge
= 0.125% of the Regular Premium Cash value and FAP cash value per month.
= 5% of the net Regular Basic Premium and Fund Acceleration Premium.
= Rs. 480 per annum (this charge only applies to the basic regular premium)
> For determining the illustrative values mentioned above, the Administration Charge is increased every year by 2% which is the average rate at which
the Company has increased its Administrative Charge in the last five years.
> Death Benefit is the sum of the Cash Value and Sum Assured, till 55 years age next birthday. From age 56 onwards the Death Benefit is greater of
Sum Assured or Cash Value.
> *The policy cannot be surrendered until two full year's premiums have been paid.
> There is an option of applying the cash value to provide an annuity. The amount of expected annual pension will depend on the investment climate
prevailing at the time when the pension is purchased.
Client:
Name:
Sales Representative:
Name:
Signature:
Date:
Signature:
Date:
EFU Life Assurance Ltd. is registered and supervised by the Securities and Exchange Commission of Pakistan.
10/03/2015
Page 1 of 3
7:10:09AM
Reference No:
1074 - ( 2.0.0.0 )
Notes:
> Under the Inflation Protection Benefit,the Basic Regular Premium will increase every year by 5% of the prior year's premium.
> The policyholder has the option to pay Fund Acceleration Premiums from first year onwards. 100% of the Fund Acceleration Premiums are allocated to
purchase units.
> An age based mortality charge applies for the life insurance risk each year and is dependent on the sum at risk. From age 56 onwards, no mortality
charge applies in years where the cash value exceeds the sum assured.
> The 'Rate of Return' assumptions of 7%, 9% and 11% mentioned in the table(s) above are before deduction of 'Fund Management Charge'. This
charge has been deducted from the 'Rate of Return' assumption prior to determining the illustrative values in the table(s).
> The Fund Values are based on assumptions; the actual values can be higher or lower than the ones illustrated above depending upon the performance
of the underlying investments in the EFU Managed Growth Fund. The values illustrated are net of all charges.
> Under Accidental Death and Disability Benefit, an additional amount of Rs .1,800,000 is payable, if the Life Assured becomes permanently disabled or
dies by means of accident.
> Under Waiver of Premium(WOP), if the life assured becomes permanently disabled thus incapable of performing any occupation, the premium is
waived off and the policy continues in the same way as prior to disablement.
> All charges mentioned in the above notes are reviewable at the discretion of the Company.
> A description of how the contract works is given in the Policy Provisions and Conditions.
> This is the approved illustration format of the Company. Any other illustration, verbal, written or electronic, which contradicts with this illustration should
not be given any consideration and should be reported to the Company.
> The selected fund is EFU Managed Growth Fund and the investable part of basic premium will be invested in this fund. This is a balanced asset
allocation fund. Please note that Unit Linked life insurance plans are subject to investment risk factors, Investment risk in the investment fund selected by
policyholder is borne by himself, and unit prices may go up or down reflecting the market value of the underlying assets.
Declaration by Client:
I have studied the above illustration and the notes carefully and understood them fully. I also confirm that no other illustration, verbal written or electronic,
in contradiction to this illustration has been given to me.
Signature:
Name & CNIC :
Date:
Mr. QAISER KHAN & 00000-0000000-0
Date:
Signature:
Sales Consultant Code:
Name & Designation :
&
EFU Life Assurance Ltd. is registered and supervised by the Securities and Exchange Commission of Pakistan.
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Reference No:
1074 - ( 2.0.0.0 )
00000-0000000-0
Name of Plan:
(Option 2 )
1. I hereby agree to select the following Fund in connection with my Proposal & Declaration for Life Assurance:
Fund
4. I understand, agree and acknowledge that this Application would take effect only after my Proposal & Declaration for Life Assurance has been
accepted by the Company and communicated to me in writing; first premium has been received and realized at the Company's Main Office; and the
Policy Document has been issued.
5. I understand, agree and acknowledge that this Application can not be back -dated and will only take effect after issuance of the Policy by the
Company as detailed in Para 4 above.
6. I understand, agree and acknowledge that Investment Funds are subject to investment risks and the unit prices may go up or down reflecting the
market value of the underlying assets.
7. I fully agree to pay any Fees and Charges applicable to Fund Selection as determined by the Company from time to time.
8. I hereby declare that I have fully understood the above and have selected the fund mentioned in Para 1 of this Application on my own free will.
9. I understand, agree and acknowledge that this Application, once approved, shall from part of the Standard Policy Provisions and Conditions
governing the Policy with which it is attached.
Signed at
on the
day of
in the year
EFU Life Assurance Ltd. is registered and supervised by the Securities and Exchange Commission of Pakistan.
10/03/2015
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7:10:10AM