My StarChild can be your tool to
help you build the foundation for your child’s future, enabling you
to save a dedicated amount every month, quarter, half-yearly or
yearly to go towards your child’s future education.
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My StarChild -
Education Saving Plan |
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|
|
|
Investment Fund |
NJI Life
Managed Fund or Meesaq Fund or Capital Value Fund |
|
Minimum/Maximum Age at Entry |
18 - 65
Years |
|
Available Term Range |
10 - 47 Years |
|
Minimum Annual Premium |
PKR 24,000 |
|
Unit Allocation as % of Basic Plan Premium |
Year 1 - 30% |
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Year 2 - 80% |
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Year 3 - 90% |
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Year 4 & 5 - 100% |
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Year 6 & Onwards - 103% |
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Ad-hoc - 100% |
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Sum Assured on Death |
Rs. 200,000 + {return of premium OR cash
value}
(whichever is higher) |
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Premium Payment Mode |
Annual, Semi-Annual, Quarterly or Monthly |
|
Policy Surrender Option |
Allowed, after two annual premiums are
received |
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Maturity Benefit |
Accumulated Cash Value |
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Optional Rider |
Family Income Benefit: Will provide for an
extra stream of continuous income to the beneficiaries in
case of an untimely death of the policy holder. This benefit
will be in excess of death benefit amount which will be paid
as lump sum. Will be offered as PKR 2,500 or PKR 5,000. |
To enroll in My StarChild the process
is simple either visit an Atlas Bank branch near you or call our 24
hour contact center at 0800 24 365 and one of our relationship
managers would be happy to visit you.
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