Wedding Planner | Summit Bank

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 3,000
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
Make Your Own Mix (Switching Facility Available)
Non-Medical Limit PKR 10 Million
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

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Last Updated 2020-06-02

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