Regular Premium / Contribution Plan

Regular Premium / Contribution Plan is an on-going payment, savings and protection product that ensures your investment needs are fulfilled along with financial protection against unexpected circumstances

EFU Invest n Assure

Invest n Assure is a whole of life savings plan, designed to serve as a financial planning tool to fulfill the long-term financial needs for customer and their family members, Whether it’s for your children’s higher education or marriage and ensuring regular income after retirement.

First 5 Year Allocations
1st Year 2nd  Year 3rd Year 4th  Year 5th  Year
50% 90% 100% 100% 100%

Benefits:

  1. Minimum Premium: Save as low as PKR 20,000 per annum.
  2. Multiple Fund Option – You can select from the following unit funds mentioned below:
    1. EFU Managed Growth Fund – An investment fund with a balanced investment strategy. It aims to achieve reasonable capital growth and steady returns with investment in government securities, carefully selected blue chip equities and other fixed income instruments and cash.
    2. EFU Guaranteed Growth Fund – An investment fund providing steady returns with a guarantee that the bid price of the fund will never fall. It aims to achieve stable growth through investment in short term debt securities.
  3. Fund Switch – Under this option you have the facility of switching the current funds unlimited times during the policy term
  4. Loyalty Bonus – This plan offers generous loyalty bonus in the form of extra units, starting from 5th year.
  5. Fund Acceleration Premium – If you have surplus cash available at any point of time during the plan term, it can be invested in the plan to enhance your cash values
  6. Additional Riders – Choice of extensive riders to enhance protection
Charges:
Administration charge: (PKR 75 per month )
Bid/offer spread: 5% of Total Premium
Investment Management Charge: 0.125% p.m of the Fund Value will be applied.
Mortality Charges: Variable – Depending on Age, Profession, Health, Sum Assured
Processing Fee: (PKR) 500 on each Partial Surrender and Complete Surrender
Fund Switching Fee: 1st switch is free, PKR 500 is charged upon each subsequent switch

Returns (as per Fund Manager’s Report):

FUND
CYTD
3 Year
5 Year
Since Inception
EFU – MGF 5.07% 6.83% 4.69% 11.71%
EFU – Guaranteed Growth Fund 5.46% 8.26% 6.71% 7.75%

Secure & Sustain

Secure & Sustain is a multipurpose savings plans specially designed to help you make regular, systematic savings and protect your family from future financial uncertainties. It gives you and your family the comfort and helps you meet your long-term financial objectives.

First 5 Year Allocations
1st Year 2nd Year 3rd Year 4th Year 5th year
75% 90% 92% 95% 95%

Benefits:

  1. Multiple Fund Option – You can select from the following unit funds mentioned below:
    1. IGI Aggressive Fund: This strategy seeks to provide long term capital growth mainly through investments in equities.
    2. IGI Balanced Fund: This strategy seeks steady growth in capital through a combination of investments in stocks and government securities and/or other secured investments.
    3. IGI Secure Fund: Investment is made in government securities i.e. Pakistan Investment Bonds (PIB) and T-Bills.
  2. Fund Switch – Under this option you have the facility of switching the current funds unlimited times during the policy term
  3. Loyalty Bonus – This plan offers generous loyalty bonus in the form of extra units, starting from 11th year.
  4. Account Value Acceleration Premium (AVAP) – If you have surplus cash available at any point of time during the plan term, it can be invested in the plan to enhance your cash values
  5. Vitality Feature (Optional) – The feature allows client to have rewards & benefits by having active lifestyle keeping them healthy & fit
  6. Additional Riders – Choice of extensive riders to enhance protection
Charges:
Admin Charge: PKR 40 per month
Bid/offer spread: 5% of Total Premium
Fund Management Charge: 0.125% of account value per month
Surrender Charge: 80% – 1st Year, 50% – 2nd Year, Nil 3rd Year Onwards
Mortality Charges: Variable – Depending on Age, Profession, Health, Sum Assured
Processing Fee: (PKR) 500 on each Partial Surrender and Complete Surrender
Fund Switching Fee PKR 500 per switch

Returns (as per Fund Manager’s Report):

FUND
CYTD
3 Year
5 Year
Since Inception
IGI Balanced Fund 5.02% 5.57% 9.88% 9.18%
IGI Secure Fund 8.59% 11.91% 17.30% 11.81%
IGI Aggressive Fund 7.01% 5.35% 8.76% 9.89%

Wadiah Takaful

Wadiah Takaful is a regular contribution family takaful plan which offers a complete financial solution to all of your protection and financial needs, in Shariah compliant manner.

First 5 Year Allocations
1st Year 2nd Year 3rd Year 4th Year 5th year
50% 90% 90% 100% 100%

Benefits:

  1. Multiple Fund Option – You can select from the following unit funds mentioned below:
    1. IGI Takaful Aggressive Fund: This strategy seeks to provide long term capital growth mainly through investments in Shariah compliant equities.
    2. IGI Takaful Balanced Fund: This strategy seeks steady growth in capital through a combination of investments in sukuks and in mutual fund that investment in Shariah complaint stock
    3. IGI Takaful Conservative Fund: Investments are placed in sukuk and other secured Shariah compliant instruments with little exposure to Shariah compliant stocks.
  2. Fund Switch – Under this option you have the facility of switching the current funds unlimited times during the policy term
  3. Account Value Acceleration Contribution (AVAC) – If you have surplus cash available at any point of time during the plan term, it can be invested in the plan to enhance your cash values
  4. Vitality Feature (Optional) – The feature allows client to have rewards & benefits by having active lifestyle keeping them healthy & fit
  5. Additional Riders – Choice of extensive riders to enhance protection
Charges:
Administration Fee: PKR 125 per month
Bid/offer spread: Nil
Wakalat-ul-Istismar Fee: 0.125% of Participant’s Investment Account per month
Wakalat-ul-Istismar Fee (AVAC) ): 1st Year 0.08333% of Participant’s Investment Account per month, 2nd Year  onwards 0.125% of Participant’s Investment Account  per month
Surrender Charge: Nil
Mortality Charges: Variable – Depending on Age, Profession, Health, Sum Assured
Processing Fee: (PKR) 500 on each Partial withdrawal

Returns (as per Fund Manager’s Report):

FUND
CYTD
3 Year
5 Year
Since Inception
IGI Takaful Balanced Fund 4.15% 5.49% 7.80% 5.00%
IGI Takaful Conservative Fund 5.43% 8.00% 10.75% 5.61%
IGI Takaful Aggressive Fund 6.51% 4.21% 6.21% 4.96%

EFU Zaman Takful

Zaman Takaful is a shariah compliant regular contribution unit linked Takaful saving plan with protection element, which is designed to serve as a financial planning tool to fulfill long-term financial needs of the customer. Whether it is career, marriage, children’s education, buying a house, starting a business or retirement planning.

First 5 Year Allocations
1st Year 2nd Year 3rd Year 4th Year 5th year
50% 90% 90% 100% 100%

Benefits:

  1. Multiple Fund Option – You can select from the following unit funds mentioned below:
    1. EFU Takaful Growth Fund – A unit-linked Participants’ Investment Fund (PIF) comprising Shariah-compliant investments. The objective of the Fund is to maximize capital growth by investing in a portfolio spread across a wide range of investments such as Islamic mutual funds, approved equities, term deposits in Islamic Banks and Sukuk Bonds.
    2. EFU Takaful Conservative Fund – This is a unit-linked Participants’ Investment Fund (PIF) comprising of Shariah- compliant government securities, non-equity Shariah-compliant mutual funds, Shariah-compliant short-term deposits, and cash in Islamic banks or Islamic windows of conventional banks. The fund aims to provide stable investment returns with minimal risk and is suitable in times of volatile stock market.
  2. Fund Switch – Under this option you have the facility of switching the current funds unlimited times during the policy term
  3. Loyalty Bonus – This plan offers generous loyalty bonus in the form of extra units, starting from 7th year.
  4. Fund Acceleration Contribution – If you have surplus cash available at any point of time during the plan term, it can be invested in the plan to enhance your cash values
  5. Built in Takaful Accidental Death Benefit – In case of accidental death of the Participant, an additional lump sum benefit will be paid. This will be in addition to the Natural Death Benefit specified above.
  6. Additional Riders – Choice of extensive
Charges:
Administration charge: PKR 125 per month
Bid/offer spread: 5% of net contribution
Investment Management Charge: 0.125% p.m of the Fund Value will be applied
Mortality Charges: Variable – Depending on Age, Profession, Health, Death Benefit
Processing Fee: (PKR) 500 on each Partial withdrawal and Complete withdrawal
Fund Switching Fee: 1st switch is free, PKR 500 is charged upon each subsequent switch

Returns (as per Fund Manager’s Report):

FUND
CYTD
3 Year
5 Year
Since Inception
EFU Takaful Growth Fund 4.84% 7.93% 5.49% 5.00%
EFU Takaful Conservative Fund 4.46% 5.55%

Disclaimer

The contents of this webpage are for general information only and do not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.

It has not been prepared for any particular person or class of persons and it has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

Call our Client Centre at 111 002 002 for any further questions or service queries. You are advised not to send any confidential and/or important information to the Bank via e-mail, as the Bank makes no representations or warranties as to the security or accuracy of any information transmitted. The Bank shall not be responsible for any loss or damage suffered by you arising from your decision to use e-mail to communicate with the Bank. It is essential that prior to taking into consideration any information on this site, you have read and understood this important Legal Notice.

This information attributable to Standard Chartered Bank (Pakistan) Limited having its registered office at PO Box 5556, I.I Chundrigar Road Karachi, which is a banking company registered with State Bank of Pakistan under Banking Companies Ordinance 1962 and is also having licensed issued by Securities & Exchange Commission of Pakistan for Securities Advisor. Standard Chartered Bank (Pakistan) Limited acts as a distributor of mutual funds and referrer of other third-party financial products.

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