Single Premium / Contribution Plans

Single Premium/Contribution is an investment and life coverage product, focusing on investments by providing a wide range of fund options, along with coverage

EFU Bunyaad

Bunyaad is a single premium investment product which provides a natural and/or accidentals death benefit and investment benefit. Under this plan, your funds are managed by experts for maximum risk, through portfolio diversification.

Benefits:

  1. 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.
  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. If the plan has been continuously inforce there is an extra unit allocation after every 5 years starting from the end of 5th policy year(subject to no partial withdrawal/surrender during the policy term).
  4. 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
  5. Built in Accidental Death Benefit – In case of accidental death (God Forbid) before the age of 60 years, additional lump sum benefit will be paid to the beneficiaries which will be equivalent to the original single premium adjusted for partial withdrawals
Charges:
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
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%

InvestPro

InvestPro is a unique investment & protection plan that provides you hassle free one-time investment option. It allocates 100% of your amount into investment & gives you the freedom of creating your own investment mix, from the available multiple Investment Strategies, as per your risk appetite, while the protection feature of the plan provides you life insurance coverage from the moment you invest in the plan

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. If the plan has been continuously inforce there is an extra unit allocation after every 5 years starting from the end of 5th policy year(subject to no partial withdrawal/surrender during the policy term).
  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
Charges:
Bid/offer spread: Nil
Investment Management Charge: 0.15% of account value per month (Year 1 – 3), 0.125% of account value per month (Year 4 onwards)
Surrender Charge: 5% – 1st Year, 3% – 2nd Year, Nil 3rd Year Onwards
Mortality Charges: Variable – Depending on Age, Profession, Health, Sum Assured
Processing Fee: (PKR) 300 on each Partial Surrender and Complete Surrender
Fund Switching Fee: PKR 300 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%

Al Mal Takaful

Al Mal Takaful is a single contribution plan that provides you investment as well as protection. The plan is designed to offer investment opportunity in a Shariah compliant way along with affordable takaful benefits and transfers 100% paid contribution in to participants account value without any upfront charges. It also gives you the freedom of creating your own investment mix, from the available multiple Investment Strategies, as per your risk appetite.

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. Loyalty Bonus – This plan offers loyalty bonus in the form of extra units. If the plan has been continuously inforce there is an extra unit allocation after every 5 years starting from the end of 5th policy year(subject to no partial withdrawal/surrender during the policy term).
  4. 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
Charges:
Bid/offer spread: Nil
Wakalat-ul-Istismar Fee: 0.15% of account value per month (Year 1 – 3), 0.125% of account value per month (Year 4 onwards)
Unit Redemption Fee: 5% – 1st Year, 3% – 2nd Year, Nil 3rd Year Onwards
Mortality Charges: Variable – Depending on Age, Profession, Health, Sum Assured
Processing Fee: (PKR) 300 on each Partial Surrender and Complete Surrender
Fund Switching Fee: PKR 300 per switch

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%

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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