Exclusive benefits available with Taleem:

• Dual Saving Option:
  Taleem has a Dual Saving Option that allows hassle-free, cost effective saving through a single plan for up to two children. The plan initially may be taken for the education planning of one child. Later, during the term of the plan, if one wishes to include another child, he may do so by increasing the annual contribution and changing the maturity date.
• Funds at Key Educational Milestones:
  Taleem gives you flexibility by catering to the education needs of the child at key educational milestones. The parent can make partial withdrawals to provide the necessary flow of funds for education.
• Unit Accumulation and Investment Fund:
  Every contribution in Taleem is invested in an internal investment fund of EFU Life called the ‘EFU Managed Growth Fund’. The contributions are utilised to buy units of the fund at the prevailing offer price. The objective of the fund is to maximise capital growth by investing in a balanced portfolio spread across a wide range of shares, government and other fixed interest securities and cash. The fund is managed by investment experts who adjust the mix of underlying investments in the light of economic conditions and investments opportunities.

• Maturity Educational Option:
  Children's future education expenses don't come at once. Often there might be a huge cost with extra expense over subsequent years. To match the need of the future education expenses of the child, Taleem provides the facility to withdraw the full maturity value in 4, 5 or 6 annual installments.
• Maturity Educational Bonus:
  At maturity, provided all premiums have been paid under the policy, EFU Life will pay a maturity bonus. This Education Bonus will be paid in the form of an extra unit allocation into the policy.
  The one time final unit allocation at maturity will be:
  • 10% of the average basic plan premium paid during the entire policy term if the plan term is up to 15 years
  • 20% of the average basic plan premium paid during the entire policy term if the plan term is 16 years and above
  The extra allocation will give an immediate boost to the final maturity value which will help the assured parent or the family to better achieve the purpose of the fund accumulation - education of children.
• Continuation Benefit:
  In the unfortunate event of death of the assured parent, Taleem would ensure that the targeted fund at maturity is achieved; EFU Life will continue to make the contributions, so that the future educational planning of the child is not discontinued. This ensures that the required funds are available for the child's future education, even if the parent is not there.

• Access to Savings at all Times:
  Taleem provides complete access to the accumulated fund value at all times. After the contributions have been paid for 2 full years, the fund can be withdrawn for its full or partial value.
• Regular Income:
  Taleem gives an option in which a quarterly income (up to 25 % of the basic annual premium) is paid to the family, in case of the unfortunate death of the parent during the plan term.
• Waiver of Premium:
  In case of inability of the assured parent to continue any occupation due to permanent disability, the premium is waived. However, the benefits of the plan continue. This optional feature ensures that the required funds are available to meet the child’s education expenses, even if the parent is not there.
• Minimum Premium:
  The minimum annual premium required for Taleem is Rs 15,000.
• Applicable Ages and Terms:
  Taleem is available to individuals of 18 years to 60 years of age. The applicable savings terms are from 10 to 25 years.

The parent's age is 30 years and has a 2 year old child. In order to realise his dream of providing quality higher education to the child, he decides to contribute Rs 100,000 per annum for 18 years in Taleem. At the end of 18 years, an expected amount of approximately Rs 4,200,000 shall be available to meet the educational expenses of the child.

The table below shows the expected cash values of Taleem on the basis of the scenario mentioned above.

Important Notes:

• The cash values given in the table are estimated based on assumptions. The actual values maybe higher or lower than the ones shown above, depending upon the performance of the underlying investments in the EFU Managed Growth Fund.
• The above cash values take into account Maturity Bonus Allocation at the end of the policy term.
• The cash values have been worked out at assumed investment growth rates of 6%, 8% and 10% per annum.
• In case of death of the assured parent during the term of the policy, the annual premium is paid by the Company to cater for the child’s future educational expenses.
• Certain charges apply on the policy; please refer to personalized illustration of  benefits for details.
• A description of how the contract works is given in the Policy Provisions and Conditions. This brochure gives a general outline of the product. The above figures are indicative and for illustration purpose only.
• Services charges and taxes will be applicable as per the Bank’s Schedule of Charges or Taxation Laws as stipulated by the relevant authorities.

• Past performance of funds is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of future or likely performance of the funds.
• This product is not guaranteed or insured by Standard Chartered Bank (Pakistan) Limited or their affiliates and is not a Standard Chartered Bank (Pakistan) Limited product.
• This product is underwritten by EFU Life Assurance Ltd.