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UAN: (021) 111-EFU-111 (111-338-111)
Call Centre: (021) 111-EFU-CSD (111-338-273)
ISO 9001 2008 Certified
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achieve stable growth with investments Fund Acceleration Premiums
in short term debt securities. We acknowledge the fact that you may
have surplus cash available at any point
• EFU Aitemad Growth Fund - An in your life.
investment fund with the specific aim of
investing in Interest Free Securities. It EFU HeadStart Plan is a regular
aims to maximize capital growth by contribution Plan but also gives you the
investing across a wide range of flexibility to top-up your regular
investments such as Islamic mutual contributions by depositing surplus
funds, approved equities, term deposits funds as lump sum contributions. These
in Islamic Banks and Sukuk Bonds. lump sum contributions, called “Fund
Acceleration Premium” (FAP) payments
can be made at the commencement
The funds are managed by investment
date or anytime during the Plan term.
experts who adjust the mix of the
The FAP payments will increase the cash
Give your child a utilized to purchase units in the fund underlying investments in light of
value of your Plan, but will not affect the
selected by the parent. economic conditions and investment
headstart in life! opportunities.
Having children is a major highlight of
The objective of the funds is to maximize
one’s life. You shower your children with Death Benefit
capital growth by investing in a balanced
love, care and guidance to make their
portfolio spread across a wide range of
Inflation Protection The Plan provides life assurance
future a successful one. There is an Inflation is a part of our lives and you
investment opportunities. protection as soon as your child reaches
undeniable sense of satisfaction you will want to ensure that your investments the age of 18 years. The Sum Assured
receive from knowing that you have
for your child are able to sustain the on the child’s life can be selected at the
contributed to the prosperity of your Fund Selection Option
children by giving them a chance to Under this option you have the flexibility eroding effects of inflation over time. inception of the Plan when the child is
become high achievers of tomorrow. to select from one of the following unit young with the flexibility that it can be
savings fund based on your risk appetite With built-in inflation protection benefit, changed when he/she reaches the age
Let EFU Life provide you with the comfort and investment objective at the inception you will have security and peace of mind of 18 years.
of a secured future for your child. The of the policy: knowing that the benefits provided by
EFU HeadStart Plan helps you start a The following amounts are payable on
the plan will automatically update every
savings fund on the name of the child • EFU Managed Growth Fund - An death:
when he/she is young so that the year.
investment fund with a balanced
accumulated savings can be utilized for investment strategy. It aims to achieve If the child was a minor at last Policy
his or her future financial needs. After reasonable capital growth and steady Under this option, the contribution will
the age of 18 years, the Plan provides Anniversary (aged less than 18 years)
returns with investments in government increase every year by 5% of the
high value savings, coupled with a securities, carefully selected blue previous year’s contribution with an
guaranteed level of life assurance chip equities and other fixed income Total Cash Value of units applicable
protection and flexibility, with various appropriate increase in benefits, without to regular premiums and FAP
securities and cash.
options to customize the benefits any medical evidence. You may
according to your needs. • EFU Guaranteed Growth Fund - An subsequently waive your right to this If the child was an adult at last Policy
investment fund providing steady returns ‘guaranteed insurability’, but subsequent Anniversary (aged 18 years or above)
Opportunity for Growth with a guarantee that the bid price of reinstatement will be subject to medical
The contributions to the Plan will be the fund would never fall. It aims to evidence. The greater of the Sum Assured or
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Investment Management Charge: The Protection Multiple limits are 5 to 75
0.125% of the value of the fund value for all entry ages. The Sum Assured is
per month (charged on a daily basis) applicable for ages 18 years and above.
Bid/Offer Spread: Prior to the age of 18 years, up to Rs. 1
5% of the net contribution million Sum Assured can be selected.
Administration charges: However, the selected Sum Assured will
Rs. 360 per annum. become effective from 18 years of age
and onwards. The flexibility to revise the
An age-based mortality charge applies Sum Assured when the child reaches
for the life insurance risk each year 18 years will also be available.
which is dependent on the sum at risk.
No mortality charges apply for ages less
than 18 years next birthday.
Cash Value of the Plan at the date of Unit Allocation Percentage and
The HeadStart Plan is designed as a
The proportion of contribution for
AND long-term contract with the initial setting-
investment in units varies by policy year
and is as follows: up charges being recovered over a
Any Cash Value of the FAP payments. period of time.
Policy Year % Allocation
Other Important Details 1 25% to 35% (based on plan term) Therefore, if the Plan is terminated after
Eligibility 2 80% only one annualized premium, the cash
The Plan is on the child’s life and the 3 90% value acquired in the first year of the
minimum age at entry is 6 months and 4-5 100% contract will be used to offset the setting-
the maximum age at entry is 18 years 6-10 103% up costs and no amount will be payable.
next birthday. 11 & onwards 105% After two full years’ premiums have been
The contribution will be allocated to units paid, the policyholder can cash-in the
Term in the selected Fund at the offer price. Plan at any time for the full value of units
The term of the HeadStart Plan can be or make partial withdrawals subject to
for any period between 10 and 25 years.
Units will be allocated at the price ruling, Additional Benefit Riders
at the next valuation of the Fund following Rs. 20,000 remaining in the fund. The
The Plan provides the flexibility to extend Upon reaching the age of 18 years, the
receipt of contribution at the Company’s Plan can be encashed by the parent
the term at age 18 years. following riders can be added to
Main Office. even before the child reaches the age
of 18 years. enhance the life assurance protection;
The minimum basic Plan contribution is
At maturity of the Plan, the Total Cash Sum Assured Additional Term Assurance
Rs. 16,000 per annum. This rider increases the level of life cover
Value of the policy is payable. After 18 years of age, this is the
guaranteed amount payable on death by providing an additional amount in
For Fund Acceleration Premium
payments - minimum contribution is Charges and is determined as the Basic Annual the range of 50% to 300% of the Sum
Rs. 16,000 per annum. The following charges apply on the Plan: Premium times the “Protection Multiple”. Assured of the main plan.
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Accidental Death and Disability Hospital Care Benefits Illustration of Benefits
Benefit It provides a daily cash benefit in case The following illustration shows projections for a Plan taken out by a parent for his
If death or disability occurs as a result of hospitalization of the individual. One 10 year old child with an annual premium of Rs. 50,000 and a guaranteed Sum
can choose up to a maximum of 10 units
of an accident, you can be covered for Assured of Rs. 1,000,000.
of benefit and each unit will pay daily
an additional amount from 100% to
cash income of Rs. 250. This benefit is
200% of the Basic Sum Assured under available till age 60. 8% p.a Rate of Return 10% p.a Rate of Return 12% p.a Rate of Return
Policy Death Fund Death Cash Death Fund
Medical Recovery Benefit Year Benefit Value Benefit Value Benefit Value
Accidental Death and Disability The Medical Recovery Benefit rider is a
sickness and accident insurance benefit 5 219,076 219,076 230,264 230,264 241,931 241,931
In addition to the benefits of the covering over 370 defined illnesses and
injuries. The rider provides a lump sum 10 1,000,000 593,218 1,000,000 657,129 1,000,000 728,238
Accidental Death and Disability Benefit
cash payment on the diagnosis of a
rider, this rider also provides the Sum 15 1,111,511 1,111,511 1,305,379 1,305,379 1,536,432 1,536,432
covered medical condition.
Assured if an individual becomes
permanently and totally disabled. Waiver of Premium
20 1,823,111 1,823,111 2,281,175 2,281,175 2,868,566 2,868,566
In case an individual is unable to follow
Family Income Benefit his/her occupation due to sickness or Notes
In case of death of the individual during accident, the contribution of the Plan • The rate of return assumptions mentioned in the above table are before deduction of the Fund Investment
the term of this rider, a monthly income would be made by EFU Life. Management charges. These charges have been deducted from the rate of return assumptions prior
to determining the Illustrative Values in the tables.
of 1% or 2% of the Basic Sum Assured
is paid for the remaining term, subject Automatic Non-Forfeiture • The Cash Values given in the above table are based on assumptions and do not take into account any
to a maximum age of 70. Option partial withdrawals. The actual values can be higher or lower depending on the performance of the
underlying investments in EFU Growth Funds.
If premium payments are stopped due
LifeCare Benefit Plus to any reason after two full years’ • Certain charges apply on the Plan as described in the sections on "Unit Allocation" and "Charges". The
This benefit provides a pre-payment of premiums have been paid, the Company values illustrated above are net of all charges.
the main Plan Sum Assured upon the will keep the basic policy in force for a
period of one year from the date of the • A description of how the contract works is given in the Policy Provisions and Conditions.
life assured being diagnosed as having
first unpaid premium. During this one This brochure gives a general outline of HeadStart Plan. The contract will be governed by the detailed conditions set out
acquired a critical illness. year period the Company will cancel in the policy Provisions and Conditions.
enough units to pay for the cost of EFU Life is registered and supervised by the Securities and Exchange Commission of Pakistan.
maintaining the cover and for
administration. At the end of this period,
if the policy has a cash value, it will be
converted into a “paid-up” policy. In
such a case, no further premiums would
be payable and the amount payable on
death or maturity will be equal to the
cash value of the policy. At each
anniversary, the Company will cancel
enough units to pay for the administrative
cost of maintaining the policy.