UBL Better Life Retirement Plan

Planning one’s retirement is vital to ensure that a decent standard of living is maintained without being a burden on anyone. UBL BetterLife Retirement Plan allows financial independence after retirement. Contributions to the plan are invested in accumulation units to build up substantial capital. At retirement, this capital generates attractive pension payments after the age of 60, as well as a range of protection benefits tailored to one’s needs.

Better Life Child Education Plan

  • Investment Fund EFU Managed Growth Fund
  • Minimum/Maximum Age at Entry 18-65 years nearest birthday
  • Maximum Age at Maturity N/A
  • Available Term & Payment Range Whole of Life
  • Minimum Annual Premium 15,000
  • Unit Allocation as % of Basic Plan Premium Year 1 - 40%
  • Year 2 - 80%
  • Year 3 to 90%
  • Year 4 & onward - 100%+ Loyalty Bonus
  • Ad hoc - 100%
  • Loyalty Bonus Unit allocation If the plan remain continuously in-force, there is an extra unit allocation will allocated in the following years:
  • Year 11 – 30%
  • Year 16 – 45%
  • Year 21 – 60%
  • Year 26 – 75%
  • and so on In later years
  • Cover Multiple Age at commencement Protection Multiple
  • 18 to 35 5 to 75
  • 36 to 40 5 to 50
  • 41 to 49 5 to 35
  • 50 to 65 5 to (70-age)
  • Premium Payment Mode Annual
  • Partial Surrender Benefits (available after completion of two years) 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 after completion of two policy years provided that two annual premiums have been paid by the policy owner
  • Ad Hoc Premium (Interim Fund Injections) Allowed anytime during policy term
  • Death Benefit Sum Assured or Cash Value of units, whichever is higher Plus Cash Value of the units applicable to FAP
  • Surrender Benefit (available after payment of two years premium) Bid value of units at time of surrender
  • Optional Riders/ Built-in ADDP (built-in), LC+, WOP, ATA and FIB
  • Retirement Option The plan allows the assured to opt for a retirement age of between 60 to 70 years. At retirement, assured may opt for regular pension payments.
  • Applicable Charges Bid/Offer Spread: 5%
  • Management Charge: 1.5% of Fund Value per year
  • Administration Fee: Rs 65 per month (Currently Available)