IGI Better Life Vitality Plan

IGI Better Life Vitality Plan is a smart investment plan that is linked to the Vitality wellness programme. Based on the shared value Insurance model, this plan encourages you to lead a healthier life and offers you attractive rewards for doing so.

	IGI Better Life Vitality Plan
Minimum/Maximum Age at Entry	18-65 years nearest birthday
Maximum Age at Maturity	85 years nearest birthday
Available Term & Payment Range	10 years up to the age 85 years at maturity
Minimum Annual Premium	250,000
Unit Allocation as % of Basic Plan Premium	Year 1 – 57.5%
	Year 2 to 4 - 90%
	Year 5 - 100%
	Year 6 & onwards - 103%
	Ad hoc - 100%
	For Account Value Acceleration Premium payments - Minimum payment is PKR 250,000 with no limit on the maximum.
Premium Payment Mode	Annual/Half Yearly/Quarterly
Partial Surrender Benefits	Any time subject to Terms and conditions, Minimum amount to be withdrawn is PKR 10,000 provided that the remaining amount in the PIA is PKR 250,000.
Policy Surrender Option	Allowed, provided that two annual premiums have been paid by the policy owner
Ad Hoc Premium	Allowed anytime during the policy is in-force
Death Benefit	(Sum Covered or PIA value ) whichever is higher+ Accumulated Account Value of Top up + Surplus (if any)
Vitality Feature	Weekly Benefit: PKR 500 mobile top up (any network) or PKR 500 discount voucher through Foodpanda at selected restaurants Monthly Benefit: customer can earn up to 100% cashback towards the purchase price of the device over a 24-month period. Annual Benefit: Up to 18% of the annual premium accrues every year based on the Vitality status and Sum Cover Multiple and are credited to the Top-up account at every fifth membership anniversary. (Vitality feature details are mentioned in the brochure)
Sum Covered Multiple	05 to 10 11 to 20 21 & higher
Applicable Charges	Investment Management Charge: 0.125% of the fund value per month Administration Fee: Rs. 165 per month Bid Offer spread of 5% of allocable premium Vitality Fee, PKR 320 per participant per month Surrender (% of Account Value), 100% - 1st & 2nd year and 3 year - Nil Investment Strategy Switching Fee, PKR 500 Processing Fees, PKR 500 on each partial withdrawal and complete surrender
Investment Fund	IGI Life Secure Strategy, IGI Life Conservative Strategy, IGI Life Balanced Strategy, IGI Life Aggressive Strategy, IGI Life Shari’ah Compliant Strategy, IGI Life Conservative Strategy to be selected by default