Marriage PlanMarriage Plan
YYour Promise Today-Their Celebrations Tomorrowour Promise Today-Their Celebrations Tomorrow
IInvest in your Child’s Future
EFU LIFE MARRIAGE PLAN
Provides you with the fulfillment of this lifelong dream of your
child’s marriage.
Ensuring an ideal marriage for one’s child is not longer
just a dream!
“ A wedding gift is the gift of a lifetime.”
FFund selection option
You have the flexibility to select from one of the following unit savings fund based on your risk appetite and investment objective.
• EFU Managed Growth Fund
• EFU Guaranteed Growth Fund• EFU Aitemad Growth Fund
FFund Acceleration Premiums
MMonitoring Service
EFU monitors performance of the plan and advises adjustments to achieve the target fund
EEngagement Bonus
EFUEFU Marriage Plan Marriage Plan also provides you with Engagement Bonus to recognize the need for extra funds to cover expenses associated with your child’s engagement.
Policy year Bonus Allocation
15 15% of average annual basic premium
20 25% of average annual basic premium
Minimum FAP allowed in a year
Rs. 15,000
Maximum FAP allowed in a year
5 x Basic Plan Premium
GGuaranteed Future
IIn the unfortunate event of your death prior to maturity of the Plan, you would want to make sure that future plans for your children are still fulfilled
CContinuation Benefit
Ensures that all future contributionsfuture contributions will be paid by EFU so that funds originally planned will still be available
EExtra Layer of Protection
The Plan also provides an extra layer of protection for Accidental Death of the parent.
In case of death of parent due to accidental causes during the plan term, the Plan provides a sum assured of 10 times your basic plan annual contribution up to a maximum of Rs. 10 million
The plan also takes into account the effect of annual inflation
To retain the purchasing power of the Plan’s
benefits
Each year the contribution would increase by
5%of the initial contribution
Security and Peace of Mind
IInflation Protection
NNext Generation Benefit TThis benefit gives the flexibility to opt for receiving 90% of the fund value as lump sum cash on maturity to cover the immediate marriage related expenses of the child. The remaining 10 % of the fund can be utilized to purchase EFU Life’s Education and/or Marriage Plan for one’s first born.
DDeath Benefit
On death, the total annualized contribution to the Main plan will continue to be paid by EFU Life until the maturity of the plan, under the built in Continuation Benefit.
MMaturity Benefit
At maturity of the Plan, the accumulated fund value is paid.
AAdditional Benefits dditional Benefits
IIncome Benefit
A fixed amount payable quarterly to fulfill day to day expenses of the family
WWaiver of Premium
EFU pays the contribution in case the parent is unable to engage in his/her occupation due to sickness or accident
OOther Important Detailsther Important Details
Any period between 10 and 25 years.
TTerm
EEligibility
IInvestment Management Charge0.125% of the fund value per month.
BBid/Offer Spread
5% of the contribution.
Minimum: 18 years next birthdayMaximum: 60 years next birthday
UUnit Allocation
Policy year Allocation percentage
1 25% to 35% based on plan term
2 80%
3 90%
4 onwards 100%
11 onwards105% if basic plan premium is
over Rs. 20,000, otherwise 100%.
AAdministrative charges
Rs. 240 per annum.
MMinimum Contribution
Rs. 16,000 per annum.
