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Wedding Planner
A high value investment and protection plan that is designed to help customers build the required funds to meet their child’s marriage expenses on payment of regular premium.
The salient features of this plan are appended here-under:
| Eligible Enrollment Age | 18 – 55 Years |
| Policy Term | Minimum 10 Years – Upto The Age of 70 Years |
| Minimum Basic Premium | PKR 6,000/- For Monthly Mode OR PKR 25,000/- For Annual, Semi-Annual and Quarterly Modes |
| Maximum Basic Premium | No Limit |
| Account Value Acceleration Premium (AVAP) |
Facility Available – If customer has surplus funds, he or she may top-up the regular premiums by depositing a lump sum contribution to the Plan |
| Premium Payment Mode | Direct Debit From Summit Bank Account |
| Partial Withdrawal | Allowed After 5 Years |
| Policy Surrender | Allowed After 2 Years. In Case of Earlier Surrender, Applicable Charges are To Be paid |
| Choice of Investment Strategies |
Make Your Own Mix (Switching Facility Available) |
| Non-Medical Limit | PKR 2.5 Million Upto The Age of 45 Years |
| Built-in Rider | Family Protection Rider (FPR) – In case of permanent and total disability of the insured, all due future premiums are waived from the date of diagnosis of disability |
| Loyalty Bonus | Payable At The End of Every 5 Years |
| Death Benefit | Basic Face Amount OR Account Value (Which Ever Is Higher) |
| Maturity Benefit | Accumulated Account Value Payable in Lump Sum |
