Fund Selection Option
Contribution paid towards the plan is invested in an internal investment fund of EFU Life. Pick whichever fund you want based on your needs and risk tolerance from the following two:
The longer the terms of the plan, the higher the rewards.1
In case of accidental death of plan holder before the age of 60, an additional lump sum benefit will be paid. The amount of payout is equal to Original Single Premium adjusted for partial withdrawals. This benefit amount will be in addition to the Death Benefit.
In case of demise of the plan holder, the amount payable is:
|Policy Year||Extra Unit Allocation|
|15 & every 5 years thereafter||4%|
2. Death Benefit:
For Ages 18-59 years:
Death Benefit up to age 70 years is equal to:- The greater of the Basic Sum Assured (adjusted for partial surrenders), or Basic Cash Values of the plan PLUS The Cash value of the units applicable to FAP (If any). Death Benefit after 70 years of age will be Total Cash Value.
For Ages 60 – 65 years:
Death Benefit up to age 5 policy years is equal to:
For Ages above 65 years:
- Death benefit will be the greater of the Cash Value and 101% of Original Single premium. On each partial surrender, for the purpose of calculating benefits as defined above, the original single premium will be reduced by the same proportion as the Cash Value surrendered.