IGI Life Income Max Plan

Today’s savings, tomorrow’s income

Gain maximum returns on your savings, with a great mix of investment choices. You can make limited withdrawals at any time for short or mid-term purchases e.g., buying a house and enjoy flexibility to meet any other unexpected financial requirement. At the end of policy term you receive your accumulated investments as a lump sum amount, so you can make your ‘Har Pal Mehfooz’.

YEAR WISE ALLOCATION:

POLICY ELIGIBILITY:

• Minimum Entry Age: 18 years (Age Next Birthday)
• Maximum Entry Age: 65 years (Age Next Birthday)
• Minimum Policy Term: 10 years
• Maximum Age at Maturity: up to age 85 years

PAYMENT MODES:

• Annually
• Semi-Annually
• Quarterly
• Monthly

BENEFITS:

• Guaranteed Loyalty Bonus: The longer you continue the plan the higher rewards you will gain in the form of generous loyalty bonuses. This extra allocation is in addition to the basic allocation of units.
  
  

  Policy Year	% of Basic Premium
  5	5%
  10	10%
  15 and every 5 years thereafter	10%

• Basic Face Amount: This is the guaranteed amount payable on death of the insured customer. The Basic Face Amount will be a multiple of Basic Premium depending on the age of the customer as follows:
  
  

  Policy Year	% of Basic Premium
  5 to 10	2%
  11 to 15	4%
  16 & onwards	5%

• Account Value Acceleration Premiums: You have the option to deposit additional funds to your regular plan at any policy anniversary which can be redeemed at any time. These surplus funds, called ‘Account Value Acceleration Premium’ (AVAP) Payments, will increase the Account Value of your plan keeping the Basic Face Amount the same.
• Guaranteed Benefits in case of Death: in case of death your beneficiary (ies) will receive: the Basic Face Amount or the account value of the Plan, whichever is higher, plus Account value of the (AVAP) Payments (if any).
• Partial Withdrawal: You have the option to partially withdraw your Account Value after policy has been in effect for at least 5 full years. The amount withdrawn will not have to be repaid, however, it will reduce the Basic Face Amount and your entitlement to loyalty bonuses will be lost.
• Complete Surrender: You have the option to fully surrender your policy by redeeming all the units in the Account Value. However, in case you make this surrender during the first two policy years, a surrender charge equal to one Basic Annual Premium will be deducted.
• Maturity Benefit: You will be paid the accumulated Account Value as a lump sum amount at the end of your policy term (maturity date).

OPTIONAL BENEFITS:

• Level Term Insurance Rider (LTR)
• Accident Care Benefit (ACB)
• Family Protection Rider - Disability (FPR-Disability)
• Income Benefit – Death (IB-Death)
• Income Benefit – Disability (IB-Disability)
• Elaj Aasan (EA)
• HealthSure
• Permanent & Total Disability (PTD)

CHARGES:

• Management Charges: 1/12th of 1.50% of account value per month.
• Bid/ Off¬er Spread: 5%
• Administration Fee: Rs. 225 per month
• Transfer Fee: Rs. 500 per transfer b/w investment sub-accounts
• Processing Fee: PKR 500on each partial withdrawal and complete surrenders.
• Surrender (% Of Account Value): 1st & 2nd Year – 100%, 3rd Year onwards - NIL

NOTE:

• MCB Bank (Pvt.) Ltd. is acting as a corporate insurance agent of IGI Life Income Max Plan on behalf of IGI LIFE INSURANCE LIMITED and is not responsible in any manner whatsoever to the customer, his/her beneficiary/ies or any third party.
• IGI LIFE INSURANCE LIMITED is registered & supervised by Securities and Exchange Commission of Pakistan.
• All IGI Life Income Max applications are processed and approved by IGI LIFE INSURANCE LIMITED as per their underwriting guidelines. MCB is not responsible for the processing and approval of these applications in anyway whatsoever.
• This brochure provides only an introduction of the benefits available under the policy. A description of how the contract works is given in the ‘Policy Documents’ and ‘Terms and conditions’ which will be provided after the customer(s) avails this service.

Apply for IGI Life Income Max Plan today

For further details, please contact our Bancassurance Sales Manager / Officer at one of the selected MCB Bank Branches, or call 111-000-622.

For brochure kindly refer to https://igilife.com.pk/bancassurance

IGI Life Retire Easy Plan

Keep winning the game of life

Retire Easy has been designed to give you a respectable and secure retirement life. You can choose to receive a lifelong monthly income after retirement or a lump sum amount to invest on your own. Continue to support yourself and your family while enjoying the pleasures of a secure retirement, making your ‘Har Pal Mehfooz’.

YEAR WISE ALLOCATION:

POLICY ELIGIBILITY:

• Minimum Entry Age: 18 years (Age Next Birthday)
• Maximum Entry Age: 65 years (Age Next Birthday)
• Minimum Policy Term: 10 years
• Maximum Age at Maturity: up to age 85 years

PAYMENT MODES:

• Annually
• Semi-Annually
• Quarterly
• Monthly

KEY BENEFITS:

• Guaranteed Loyalty Bonus: The longer you continue the plan the higher rewards you will gain in the form of generous loyalty bonuses. Extra units will be allocated to your Account Value at the end of every 5 years (provided there are no defaults and no partial withdrawals are made during preceding 5 years). The loyalty bonus allocation is as follows:
  
  

  Policy Year	Loyalty Bonus Unit Allocation as % of Basic Premium
  5	5%
  10	10%
  15 & every 5 years thereafter	10%

• Basic Face Amount: This is the guaranteed amount payable on death of the insured customer. The Basic Face Amount will be a multiple of Basic Premium depending on the age of the customer as follows:
  
  

  Age	Face Amount Multiple
  	Min	Max
  Up to 55	5	30
  56 to 60	5	10
  61 & onwards	5	5

• Account Value Acceleration Premiums: You have the option to deposit additional funds to your regular plan at any policy anniversary which can be redeemed at any time. These surplus funds, called ‘Account Value Acceleration Premium’ (AVAP) Payments, will increase the Account Value of your plan keeping the Basic Face Amount the same.
• Guaranteed Benefits in case of Death: Enjoy a guaranteed level of life insurance protection, the moment you avail this plan. Therefore, in case of death your beneficiary (ies) will receive: The Basic Face Amount or the account value of the Plan, which ever is higher, plus Account value of the (AVAP) Payments (if any).
• Partial Withdrawal: You have the option to partially withdraw your Account Value after policy has been in effect for at least 5 full years. The amount withdrawn will not have to be repaid, however, it will reduce the Basic Face Amount and your entitlement to loyalty bonuses will be lost.
• Complete Surrender: You have the option to fully surrender your policy by redeeming all the units in the Account Value. However, in case you make this surrender during the first two policy years, a surrender charge equal to one Basic Annual Premium will be deducted.
• Maturity Benefit: You will be paid the accumulated Account Value as a lump sum amount at the end of your policy term (maturity date).

OPTIONAL BENEFITS:

• Level Term Insurance Benefit (LTR)
• Accident Care Benefit (ACB)
• Family Protection Rider - Disability (FPR-Disability)
• Income Benefit – Death (IB-Death)
• Income Benefit – Disability (IB-Disability)
• Elaj Aasan (EA)
• HealthSure
• Permanent & Total Disability (PTD)

CHARGES:

• Management Charge: 1/12th of 1.50% of account value per month
• Bid / Offer Spread: 5%
• Administration Fee: Rs. 225 per month
• Transfer Fee: Rs. 500 per transfer b/w investment sub-accounts
• Processing Fee: PKR 500 on each partial withdrawal and complete surrenders
• Surrender (% Of Account Value): 1st & 2nd Year – 100%, 3rd Year onwards - NIL

NOTE:

• MCB Bank (Pvt.) Ltd. is acting as a distributor of Retire Easy on behalf of IGI LIFE INSURANCE LIMITED and is not responsible in any manner whatsoever to the customer, his/her beneficiary/ies or any third party.
• IGI LIFE INSURANCE LIMITED is registered & supervised by Securities and Exchange Commission of Pakistan.
• All MCB RetireEasy applications are processed and approved by IGI LIFE INSURANCE LIMITED as per their underwriting guidelines. MCB is not responsible for the processing and approval of these applications in anyway whatsoever.
• This brochure provides only an introduction of the benefits available under the policy. A description of how the contract works is given in the ‘Policy Documents’ and ‘Terms and conditions’ which will be provided after the customer(s) avails this service.

Apply for IGI Life Retire Easy Plan today

For further details, please contact our Bancassurance Sales Manager / Officer at one of the selected MCB Bank Branches, or call 111-000-622.

For brochure kindly refer to https://igilife.com.pk/bancassurance

IGI Life Healthy Savings Plan

Pakistan's first active life insurance

The Healthy Savings 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.

The plan consists of two core aspects:

• Vitality:focuses on wellness by providing you with an understanding of your current health status and incentivises you to improve your health.
• Insurance coverage:caters to your need for financial security and provides investment opportunities.

YEAR WISE ALLOCATION:

POLICY ELIGIBILITY:

• Minimum Entry Age: 18 years (Age Next Birthday)
• Maximum Entry Age: 65 years (Age Next Birthday)
• Minimum Policy Term: 10 years
• Maximum Age at Maturity: up to age 85 years

PAYMENT MODES:

• Annually
• Semi-Annually
• Quarterly

KEY BENEFITS:

• Account Value Acceleration Premium (AVAP): You will have the option to deposit surplus funds as Account Value Acceleration Premium (AVAP).
• Death Benefit: In the event of death, the Higher of the Basic Face Amount and the Account Value along with the Integrated Benefit, not already accrued to the Account Value, will be paid.
• Maturity Benefit: 100% of the Account Value, along with the Integrated Benefit, not already accrued to the Account Value, plus the account value of the AVAP (if any) will be paid at the time of maturity.
• Extra Unit Allocation: The longer the policy is continued, the higher the rewards will be. The plan offers extra unit allocation starting from the 5th year. The extra unit allocation is as follows:
  
  

  Policy Year	% of Basic Premium
  5 to 10	2%
  11 to 15	4%
  16 & onwards	5%

• Automatic Cover Maintenance: After 2 years of paying the premium if you cannot meet your premium payments, you will still be eligible for the life insurance cover, as long as your policy's cash value is sufficient to pay for charges made against your policy.

COMPULSORY SUPPLEMENTARY BENEFITS*

• Accidental Death Benefit: ADB pays an additional benefit in case of death due to accident.

OPTIONAL BENEFITS:

• Family Protection Benefit - Disability (FPR-Disability)
• Health Sure
• Level Term Insurance Benefit (LTR)
• Income Benefit – Death (IBR-Death)
• Income Benefit – Disability (IBR-Disability)
• Elaj Aasan (EA)
• Permanent and Total Disability (PTD)
• Accidental Care Benefit (ACB)
• Accident Medical Expense Reimbursement (AMR)

CHARGES:

• Fund Management Charges: All Years - 0.125% per month
• Surrender (% of Account Value): 1st & 2nd year -100% ,3rd year onwards - NIL
• Admin Charge: PKR 175 per month
• Bid Offer Spread: 5%
• Investment Strategy Switching Fee: PKR 500 per switch
• Processing Fee PKR 500 on each partial withdrawal and complete surrenders.

NOTE:

• MCB Bank Limited is acting as a distributor of IGI Life Healthy Savings Plan on behalf of IGI Life Insurance Limited, and is not responsible in any manner, whatsoever, to the customer, his/her beneficiary/ies or any third party.
• IGI Life Insurance Limited is registered and supervised by Securities and Exchange Commission of Pakistan.
• All applications are processed and approved by IGI Life Insurance Limited, as per their underwriting guidelines. MCB Bank Limited is not responsible for the processing and approval of these applications in any way, whatsoever.
• The aforementioned only provides an introduction to the benefits available under the policy. A detailed description of how the contract works is given in the ‘Terms and Conditions’, which will be provided after the customer(s) avail the service.

Apply for IGI Life Healthy Savings Plan today

For further details, please contact our Bancassurance Sales Manager / Officer at one of the selected MCB Bank Branches, or call 111-000-622.

For brochure kindly refer to https://igilife.com.pk/bancassurance

IGI Life Smart Wealth Plan

The Smart Wealth 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.

The plan consists of two core aspects:

• Vitality: focuses on wellness by providing you with an understanding of your current health status and incentivises you to improve your health.
• Insurance coverage: caters to your need for financial security and provides investment opportunities.

YEAR WISE ALLOCATION:

POLICY ELIGIBILITY:

• Minimum Entry Age: 18 years (Age Next Birthday)
• Maximum Entry Age: 65 years (Age Next Birthday)
• Maximum Age at Maturity: up to age 85 years

PAYMENT MODES:

• Annually
• Semi-Annually
• Quarterly

BENEFITS:

• Account Value Acceleration Premium (AVAP): You will have the option to deposit surplus funds as Account Value Acceleration Premium (AVAP).
• Death Benefit: In the event of death, the Higher of the Basic Face Amount and the Account Value along with the Integrated Benefit, not already accrued to the Account Value, will be paid.
• Maturity Benefit: 100% of the Account Value, along with the Integrated Benefit, not already accrued to the Account Value, plus the account value of the AVAP (if any) will be paid at the time of maturity.
• Extra Unit Allocation: The longer the policy is continued, the higher the rewards will be. The plan offers extra unit allocation starting from the 5th year. The extra unit allocation is as follows:
  
  

  Policy Year	% of Basic Premium
  4 to 5	2%
  16 & onwards	5%

• Automatic Cover Maintenance: After 2 years of paying the premium if you cannot meet your premium payments, you will still be eligible for the life insurance cover, as long as your policy's cash value is sufficient to pay for charges made against your policy.

OPTIONAL BENEFITS:

• Family Protection Benefit - Disability (FPR-Disability)
• HealthSure
• Accidental Death Benefit
• Level Term Insurance Benefit (LTR)
• Income Benefit – Death (IBR-Death)
• Income Benefit – Disability (IBR-Disability)
• Elaj Aasan (EA)
• Permanent and Total Disability (PTD)
• Accidental Care Benefit (ACB)
• Accident Medical Expense Reimbursement (AMR)

CHARGES:

• Fund Management Charges: All Years - 0.125% per month
• Bid/ Off¬er Spread: 5%
• Administration Fee: Rs. 225 per month
• Processing Fee: PKR 500 on each partial withdrawal and complete surrenders.
• Surrender (% Of Account Value): 1st & 2nd Year – 100%, 3rd Year onwards – NIL
• Investment Strategy Switching Fee: PKR 500 per switch

NOTE:

• MCB Bank (Pvt.) Ltd. is acting as a corporate insurance agent of IGI Life Smart Wealth Plan on behalf of IGI LIFE INSURANCE LIMITED and is not responsible in any manner whatsoever to the customer, his/her beneficiary/ies or any third party.
• IGI LIFE INSURANCE LIMITED is registered & supervised by Securities and Exchange Commission of Pakistan.
• All IGI Life Income Max applications are processed and approved by IGI LIFE INSURANCE LIMITED as per their underwriting guidelines. MCB is not responsible for the processing and approval of these applications in anyway whatsoever.
• This brochure provides only an introduction of the benefits available under the policy. A description of how the contract works is given in the ‘Policy Documents’ and ‘Terms and conditions’ which will be provided after the customer(s) avails this service.

Apply for IGI Life Smart Wealth Plan today

For further details, please contact our Bancassurance Sales Manager / Officer at one of the selected MCB Bank Branches, or call 111-000-622.

For brochure kindly refer to https://igilife.com.pk/bancassurance

IGI Protect N Gain Plan

Secure your family's future with the IGI Protect N Gain Plan, a comprehensive life insurance solution.

Take charge of your financial future with the IGI Protect & Gain Plan, now with an optional Vitality feature. Enjoy the peace of mind that comes with a substantial life coverage of 250k. Safeguard your loved ones while seizing the opportunity to earn vitality rewards. It's a win-win for your financial security and overall well-being.

The plan consists of two core aspects:

• Insurance coverage: caters to your need for financial security and provides investment opportunities.
• Vitality:focuses on wellness by providing you with an understanding of your current health status and incentivizes you to improve your health.

YEAR WISE ALLOCATION:

POLICY ELIGIBILITY:

• Minimum Entry Age: 18 years (Age nearest birthday)
• Maximum Entry Age: 65 years (Age nearest birthday)
• Minimum Policy Term: 10 years
• Maximum Age at Maturity: up to age 85 years

PAYMENT MODES:

• Annually
• Semi-Annually
• Quarterly

KEY BENEFITS:

• Maturity Benefit:
  The Account Value at maturity, after at least 10 years from the policy date, is guaranteed to be not less than the sum of Basic Premiums paid. This guarantee is subject to conditions that premiums are paid regularly and no partial withdrawal is made.
• Death Benefit:
  In case the policy owner dies during the plan term, the death benefit will be the accumulated account value or the Basic Face Amount during the plan term less indebtedness, whichever is higher will be paid to the beneficiary (ies).
• Partial Withdrawal: You have the option to make partial withdrawals from your account value after the policy has run for at least 2 years.
• Complete Surrender: You will have the right to fully surrender your policy; with a surrender charge payable in case you decided to complete surrender during the initial policy years, a surrender charge (as tabulated below) will be deducted.
  
  

  Policy Year	Allocation %
  1 to 2	100%
  3rd onwards	NIL

• Loan: You can take a loan of up to 90% of the net cash surrender value, which is the Account Value minus surrender charge.
• Basic Face Amount:
  This is the guaranteed amount payable on the death of the insured customer. The Basic Face Amount will be a multiple of Basic Premium depending on the age of the customer as follows:
  
  

  Age	Face Amount Multiple
  	Min	Max
  Up to 55	5	30
  56 to 60	5	10
  61 & onwards	5	5

OPTIONAL BENEFITS:

• Level Term Insurance Benefit (LTR)
• Income Benefit Rider (IBR)
• Accident Care Benefit (ACB)
• Family Protection Rider (FPR)
• Elaj Aasan (EA)
• Permanent and Total Disability (PTD)
• HealthSure

VITALITY BENEFITS:

1. Weekly Active Rewards: In the 1st week of activating the IGI Life Vitality app, the member gets a target to complete 300 points in a week.
   
   On completion (achievement) of the weekly Active Reward goal, the customer will have the option to select.
   
   an EasyTickets voucher as their reward. The voucher will be for a 50% discount on a cinema ticket booking with EasyTickets.
   
   OR
   
   a Rs. 500 Mobile Top Up voucher with Easytickets.
   
   OR
   
   a FoodPanda voucher as their reward. The voucher will be for a PKR 500 discount on a FoodPanda order at selected restaurants.


2. Monthly Reward – Fitness Device Cash Back Benefit: Along with the weekly rewards, Vitality Members can earn up to 100% cashback towards the purchase price of a selected Fitness device over a 24-month period*, up to a maximum cashback cap on the purchase price. The member can earn their monthly cashback by performing physical activities over the course of the month, and subsequently earning the respective physical activity Vitality Points for those activities. By reaching a required physical activity points’ threshold throughout the particular month, the member will receive an applicable cashback percentage level for reaching that particular points’ threshold.
   
   This Device Cashback gets credited to the customer’s account value every month according to the following table.
   
   

   Points earned in a month	Device Cashback per month
   < 1500	0%
   1500 – 1,999	25%
   2000 – 2,999	50%
   3,000 or more	100%

   
   *Terms & Conditions apply.

CHARGES:

• Management charges: 150bps of annual yield
• Administration Fee: Rs. 150 per month
• Vitality Fee: PKR 320 per month
• Processing Fee: PKR 500 on each partial withdrawal and complete surrender

NOTE:

• MCB Bank (Pvt.) Ltd. is acting as a distributor of IGI Protect N Gain Plan on behalf of IGI LIFE INSURANCE LIMITED and is not responsible in any manner whatsoever to the customer, his/her beneficiary (ies) or any third party.
• IGI LIFE INSURANCE LIMITED is registered & supervised by the Securities and Exchange Commission of Pakistan.
• All MCB IGI Protect N Gain Plan applications are processed and approved by IGI LIFE INSURANCE LIMITED as per their underwriting guidelines. MCB is not responsible for the processing and approval of these applications in any way whatsoever.
• This brochure provides only an introduction to the benefits available under the policy. A description of how the contract works is given in the ‘Policy Documents’ and ‘Terms and Conditions’, which will be provided after the customer(s) avails this service.

Apply for IGI Life Protect & Gain Plan today

For further details, please contact our Bancassurance Sales Manager / Officer at one of the selected MCB Bank Branches, or call 111-000-622.

For brochure kindly refer to https://igilife.com.pk/bancassurance