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Goals
A high value investment and protection plan that is designed to help customers
meet a number of financial needs which includes:
- Business
- House building
- New car
- Vacation planning
- Inter-generational wealth transfer
- Inflation mitigation
- Income support
- Marriage/ education
- Retirement
The salient features of this plan are appended here-under:
| Eligible Enrollment Age | 18 – 65 Years |
| Policy Term | Minimum 10 Years – Upto The Age of 85 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, compensation will be charged. |
| Choice of Investment Strategies |
Make Your Own Mix (Switching Facility Available) |
| Non-Medical Limit | PKR 2.5 Million Upto The Age of 45 Years |
| 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 is used to buy monthly pension that is payable for lifetime of the customer and guaranteed for a minimum of 20 years OR; Accumulated Account Value Payable in Four Equal Annual Installments OR; Accumulated Account Value Payable in Lump Sum. |
