Overview – ILM & Anmol Rishtey
Being a loving parent, you look for a plan that helps you accumulate savings while protecting your family from future financial worries, and gives you access to funds when needed. A plan that helps you achieve your dreams—providing the best education to your child and supporting their marriage expenses—without financial constraints.
EFU Life Assurance brings you the ILM & Anmol Rishtey Plan, an investment-linked insurance product offering guaranteed insurance protection and flexible customization options tailored to your needs. This plan helps you meet your child’s wedding or education expenses with ease.
It also includes a Continuation Benefit, ensuring that the plan’s premium is covered in case of the policyholder’s unfortunate death while the policy is in force.
Disclosure of Product
This is a life insurance product with two distinct components:
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Insurance Protection, and
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Investment
The investment component is linked to the performance of unit-linked funds.
Free Look Period
If you cancel your policy within 14 days of receiving the policy documents, you are entitled to a full premium refund, minus any expenses incurred by EFU Life (e.g. for medical or clinical examinations).
Opportunity for Growth and Savings
Your premium is used to purchase units from the funds listed below. These funds are managed by investment experts who adjust the portfolio based on market conditions and opportunities.
Available Unit Funds
EFU Managed Growth Fund
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Category: Balanced | Risk Profile: Medium
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A balanced strategy investing in government securities, blue-chip equities, and fixed income instruments.
EFU Guaranteed Growth Fund *
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Category: Money Market Fund | Risk Profile: Low
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Steady returns with a guarantee that bid price will never fall. Invests in short-term debt securities.
EFU Income Growth Fund
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Category: Income Fund | Risk Profile: Low
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Aims for capital growth via investments in government securities and high-quality corporate debt.
EFU Aggressive Fund
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Category: Aggressive | Risk Profile: High
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Focuses on equities to maximize capital growth with an aggressive market outlook.
Multiple Fund Option
You may select a mix of two unit-linked funds, in multiples of 10%. Examples: 90/10, 80/20, 70/30, etc.
Note: EFU Guaranteed Growth Fund is selected by default.
Unit Allocation
| Policy Year | Unit Allocation % | Allocation Charges* |
|---|---|---|
| Year 1 | 60% | 40% |
| Year 2 | 80% | 20% |
| Year 3 | 90% | 10% |
| Year 4 | 100% | 0% |
| Years 5–10 | 103% | 0% |
| Years 11–20 | 105% | 0% |
| Year 21+ | 110% | 0% |
*Allocation charges will be deducted from the paid premium each year as per the table above. The remainder will be allocated to your account value.
Fund Acceleration Premium (FAP)
If you have surplus cash at any time during the policy term, you can invest it in your plan. These additional contributions are called FAP payments.
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Minimum FAP: Rs. 24,000
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100% of FAP is allocated to purchase units in your selected fund
Access to Your Savings
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You may withdraw your accumulated fund value after the second policy year.
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Partial withdrawals are allowed (minimum balance of Rs. 20,000 must remain).
Note: Early surrender may result in low cash value.
Death Benefit
In case of the policyholder’s unfortunate death:
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The Continuation Benefit ensures all future premiums are paid by EFU Life until maturity.
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Your child’s planned education or marriage funds remain secure.
Maturity Benefit
At the end of the policy term (if the policyholder is alive):
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You receive the cash value from the regular plan premium
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Plus cash value from any FAP payments
Maturity Bonus
Offered for continuously enforced policies, based on average annual premium:
| Year | Bonus Allocation (% of Avg Premium) |
|---|---|
| Years 11–15 | 10% |
| Years 16–20 | 20% |
| Years 21–25 | 50% |
Indexation Benefit
Your regular premium increases annually by a fixed % (defined by EFU) of the previous year’s premium—no medical evidence required.
Q: Who can apply? What are the term limits?
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Ages: 18–65 years (next birthday)
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Term: 10 to 25 years
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Maximum maturity age: 75 years
Q: What is the minimum/maximum premium?
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Minimum annual basic plan premium: Rs. 24,000/-
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Mode-wise minimums:
| Mode | Minimum Premium |
|---|---|
| Annual | 24,000 |
| Half-Yearly | 12,000 |
| Quarterly | 6,000 |
| Monthly | 2,000 |
Charges
| Charge Type | Rate / Amount |
|---|---|
| Administration Charge | PKR 105 per month |
| Bid/Offer Spread | 5% of net regular premium |
| Investment Management Charge | 0.125% of fund value per month |
| Mortality Charge | Age-based; waived if cash value exceeds sum assured |
| Fund Switching Fee | PKR 500 |
| Surrender Processing Fee | PKR 500 |
| Surrender Charge (Year 1) | 100% |
| Allocation Charges | As per Unit Allocation Table |
Claim Process
In case of a claim, you can:
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Visit any Allied Bank branch
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Visit any EFU Life office
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Call: (021) 111-338-111
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Or email: [email protected] after filling the intimation form from the website
You will be contacted for next steps.
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This product is underwritten by EFU Life Assurance Ltd.
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Allied Bank is only a promoter and distributor
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It is not guaranteed or insured by Allied Bank or its affiliates
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Fund values are market-dependent; investment risk is borne by the policyholder
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Past performance is not a guarantee of future returns
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A personalized illustration will be provided at the time of application
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Taxes apply as per prevailing taxation laws
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The policy document contains full contract terms and conditions
EFU LIFE ASSURANCE LTD.
EFU Life House, Plot No. 112, 8th East Street, Phase I, DHA, Karachi, Pakistan
(021) 111-EFU-111 (111-338-111)
(021) 34537519
www.efulife.com