UBL Better Life Marriage Plan

UBL BetterLife Marriage Plan provides a complete financial package for planning your son or daughter’s marriage, by allowing you to accumulate an endowment funds for this purpose in an organized and disciplined manner. Whether it is meant for your son or daughter’s marriage or to help them to start off a new life of their own, this plan is spot on!

Better Life Marriage Plan

  • Investment Fund EFU Managed Growth Fund
  • Minimum/Maximum Age at Entry 18-65 years nearest birthday
  • Maximum Age at Maturity 75 years nearest birthday
  • Available Term & Payment Range 10-25 years
  • Minimum Annual Premium 15,000
  • Unit Allocation as % of Basic Plan Premium Year 1 – 30-40% (Depending on the term of the policy)
  • Year 2 - 80%
  • Year 3 to 10 - 100%
  • Year 11 & onwards - 105%*
  • *If the Basic Premium is greater than 20,000, else it would be 100%
  • Ad hoc - 100%
  • Premium Payment Mode Annual
  • Partial Surrender Benefits Bid Value of Units requested for Partial Withdrawal. Amount of Partial Surrender may be subject to minimum amount and residual value determined by the company.
  • Policy Surrender Option Allowed , provided that two annual premiums have been paid by the policy owner
  • Ad Hoc Premium Allowed anytime during the policy is in-force
  • Death Benefit After the death of the life assured, the remaining unpaid premium will be paid by EFU Life, so that the target fund at maturity for the child education can be achieved.
  • Surrender Benefit – Preferable at the maturity (available after payment of two years premium) Bid value of units at time of surrender
  • Optional Riders/Built in Income Benefit
    Waiver of Premium (built-in)

  • Applicable Charges Bid/Offer Spread: 5%
  • Applicable Charges Investment Management Charge: 0.125% of fund value per month
    Administration Fee: Rs 60 per month (deducted annually)