Invest for your future goals. Invest with EFU Life Assurance.
Plans starting from Rs.30,000/year.
Protection and Investment Benefits
Tax Savings
Maturity + Death Benefits
Types of Plans available
There are two major types of plans available under the EFU life insurance plans ambit
Individual Life Insurance Plans
Head start Plan
The head start plan is designed to meet the varying needs of individuals and offer them the best solution. We all understand that having children is a major highlight of one’s life. You shower your children with love, care and direction to make their future a successful one. There is an incontestable sense of satisfaction you feel from knowing that you’ve played your part in the prosperity of your children by giving them a chance to become the high go-getters of tomorrow.
Head start plan provides you with the comfort of a secure future for your child. It helps you start a savings fund on the name of the child when he/she is young so that the accumulated savings/wealth can be utilized for his or her future monetary needs. The Plan offers high-value savings, combined with an assured level of protection and flexibility, with various options to customize the benefits according to your needs.
Main Features:
- The plan offers additional term assurance
- Headstart plan provides accidental death benefit
- The plan has built in disability benefit
- You can avail family income benefit
- Life care enhanced benefit
- The plan offers benefit of hospital care on being admitted in hospital for more than 24 hours
- The policyholder can avail Medical Recovery Benefit: the policy pays out lump sum funds on diagnosis of any of the medical conditions as defined in the schedule of benefits.
- Waiver of premium can be availed
- The plan offers automatic non-forfeiture option
Eligibility
The plan is designed for the child’s better life. The minimum age of entry is 6 months and the maximum age to avail this cover is 17 years.
EMERALD PLAN
Marriage Plan
Your promise for investment today, their celebration tomorrow!
A beautiful marriage for one’s child is a cherished dream of every parent. We understand that realization of this dream is not an easy task. A little foresight, however, can make it possible. What you need is a long term financial plan to help this dream come true. The EFU life marriage plan provides you with the comfort of a guaranteed secure future for your children.
EFU Marriage Plan helps you save systematically so that you can give your child the much-needed financial security for the years to come. The Plan provides a complete financial design package for you to plan for expenses accompanying your children’s marriage. The Plan provides high-value savings, coupled with a guaranteed level of protection and flexibility, with various options to customize the benefits according to your needs and requirements. EFU life marriage plan allows you to enjoy every moment with your children today, without worrying about their future tomorrow.
Main features:
- Built-in Continuation Benefit to guarantee the funds for your child’s marriage in future upon the death of the guardian
- Optional Income Benefit ensures that the day to day expenses continue to be met for the beneficiaries
- Period of the plan to fit your fee requirement
- Border against inflation through the Inflation Protection Benefit
- Engagement bonus to provide extra funds for extra coverage
- On maturity the policy pays-out to the beneficiary
- This plan is also available in “HEMAYAH” takaful umbrella as well
| Policy Year | Unit Allocation |
|---|---|
| 15 | 15% of average annual basic premium |
| 20 | 25% of average annual basic premium |
Additional Benefits
- The marriage plan provides income benefit
- There is a waiver of premium builtin benefit, if you are unable to pay 6 months premium due to sickness, loss of job or accident. The unpaid premiums would be paid by EFU.
Term: The policy term can range between 10 to 25years subject to the maximum age of the policy holder.
UNIT ALLOCATION
| POLICY YEAR | UNIT ALLOCATION% |
|---|---|
| 1 | 30% |
| 2 | 80% |
| 3 | 90% |
| 4- 5 | 100% |
| 6-10 | 103% |
| 11 onwards | 105% |
Executive Pension plus Plan
Plan wisely for your post-retirement life!
Life isn’t a bed of roses, we need to ensure that retirement is planned for is vital, especially for those who are self-employed or are working in an organization that does not provide a pension. EFU Life Executive Pension Plan ensures that you enjoy a comfortable standard of living, and helps you achieve financial independence during your post-retirement period.
Main features:
Expert Investment Management
The plan offers multiple Payout options to choose from a policy maturity, for instance, at maturity you have the choice to withdraw the fund value as a lump sum amount, or you may select an income to be paid for your lifetime (in instalments) with payments guaranteed for 10 years. On the other hand, you can select an income which will continue to be paid to your spouse for the rest of his/ her life in case you die first.
Access your Savings when needed.
The executive pension plus plan offers convenience ensuring that the retirement plan stays intact and you can continue paying contributions under one plan even when you change your job.
UNIT ALLOCATION
| POLICY YEAR | UNIT ALLOCATION% |
|---|---|
| 1 | 30% |
| 2 | 80% |
| 3 | 90% |
| 4- 5 | 100% |
| 6-10 | 103% |
| 11 onwards | 105% |
| Term | Minimum Term | Maximum Term |
|---|---|---|
| 18-50 | Term should be selected so that is matures anytime between 60-70 years | Term should be selected so that is matures anytime between 60-70 years |
| 51-60 | 10 | 70 minus age |
| 61-65 | 5 | 70 minus age |
Eligibility: The minimum age to enter the policy is 18 years
Guaranteed Acceptance Plan
Stress-free Insurance for a Secure Future
Today, we are exposed to unexpected events continuously which can lead to financial anguish to our families. On such occasions, you want your family to maintain a lifestyle with no worries. It is, therefore, essential to have easy access to a plan, which will support you in unexpected circumstances. EFU Guaranteed Acceptance Plan is a high-value life assurance plan which provides a substantially swift accumulation of cash values.
Main features:
- Guaranteed acceptance for the policy with no medical test or health form
- It is a limited protection plan and provides a year-wise death benefit to the policyholder, with 100% coverage starting onwards from the 3rd year of the purchase of the plan
- The plan has an inbuilt additional rider of Accidental Death benefit which provides supplementary sum assured on the accidental death of the life assured, to maintain a standardized lifestyle.
- High unit allocation structure and additional bonus unit allocation to the plan from 5th year and onward
- The minimum annual premium is Rs. 40,000.
| POLICY YEAR | UNIT ALLOCATION% |
|---|---|
| 1 | 30% |
| 2 | 80% |
| 3 | 90% |
| 4- 5 | 100% |
| 6-10 | 103% |
| 11 onwards | 105% |
| Age | Minimum | Maximum |
|---|---|---|
| 25-35 | 5 years | 35 years |
| 36-40 | 5 years | 25 years |
| 41-49 | 5 years | 15 years |
| 50-65 | 5 years | 5 years |
Eligibility
The minimum age to purchase the plan is 25 years and the maximum age of entry is 65 years next birthday.
Khushhali Plan
Let’s make khushhaal mustaqbil affordable!
It is always hard to save up for something substantial with all the chaos in life. It can be demanding to set aside money for your child’s higher education or marriage simultaneously, saving up money for your own home or simply the desire to have the luxury of a regular income after retirement. EFU Life’s ‘Khushhali Plan’, an easy on the pocket savings and coverage plan that provides you with the satisfaction of having an accumulated fund at your disposal. that when your time of need arrives you have a large saved up amount waiting to be employed!
| POLICY YEAR | UNIT ALLOCATION% |
|---|---|
| 1 | 30% |
| 2 | 80% |
| 3 | 90% |
| 4- 5 | 100% |
| 6-10 | 103% |
| 11 onwards | 105% |
Main features:
- This plan helps you start saving from a low annual premium as low as PKR 20,000
- Benefit from the plan’s high investment provision
- Evade against inflation through the Inflation Protection Benefit
- Access your savings when you need them (when the situation arises)
- This plan is available in “HEMAYAH” takaful umbrella as well
- Retirement Income assurance to fulfill post retirement needs
- Builtin Natural death benefit
- Contribution: Minimum investment is PKR 50,000
Group Plans by EFU life
Critical Illness Cover
EFU Life Critical Illness coverage can help relieve some of the financial strain of paying for expensive medical treatment for a critical illness. The Critical illness plan pays a cash lump sum that can provide the means to pay for specialized equipment, cover day to day expenditures, pay for private treatment or provide an income. The benefit is allocated if an individual suffers from or undergoes any one of the 10 specified critical illnesses mentioned below:
- Heart Attack
- Coronary Artery Surgery (By-pass Surgery)
- Paralysis
- Major Organ Transplant
- Cancer
- Multiple Sclerosis
- Blindness
- Stroke
- Renal Failure
10. Deafness
Salary Continuation Plan
EFU Life’s Salary Continuation Plan is special coverage for an income continuation in the face of an unfortunate incident. This feature allows the family to maintain the standard of life they have been familiar with. The plan provides employees with the peace of mind in knowing that their families will be financially protected if any misfortunate event arises.
The Salary Continuation Plan offers the following:
- Salary linked insurance benefit which can be customized according to your organization’s needs and requirements.
- Salary increment may be added to the salary continuation plan to counter the impact of inflation
- The plan offers flexibility in premium payments that may be made annually or monthly
- Premiums are treated as non-taxable
- Exclusion free insurance cover in case of natural death
- The option of “Profit sharing” with groups having a minimum of 200 members
Credit Life Scheme – Employers
Extra incentives need to be given to the employees to enhance productivity and improve retaining. Loan coverage for employees is a movement forward towards a better employer-employee relationship.
The following features of the Credit Life Scheme are relevant for all credit facilities offered by an employer:
- Employee loyalty and retention can be achieved.
- The insurance premium is minimal compared to the loan amount taken.
- Premium rates can be combined with the rates charged for the loan.
- Premiums are an allowable expense for tax purposes
- The plan allows Lump sum repayment of the loan in case death or disability occurs.
- In this plan, the employee can be assured up to 60 years of age.
- Profit-sharing can be done with groups having a minimum of 200 members
Credit Life Scheme – Financial Institutions
Loans, credit card facilities, business finance and all such credits aid in achieving persons’ dreams, but there is always a sense of uncertainty in handling repayments. A disease, injury or death of the breadwinner may strike without caution, leaving the debt impossible to payback.
EFU life Scheme plan provides a Credit Life Scheme, which offers life and disability coverage for the customers of a credit establishment (coverage for repayment of loan or credit card balances). The plan lets borrowers enjoy the latest car, luxury home, higher education for children or the family trip to amazing resorts with ample peace of mind.
The following features of the Credit Life Scheme are applicable for all credit facilities:
- The insurance premium is minimal compared to the loan amount.
- Premium rates can be combined with the rates charged for the loan/credit card.
- The premiums are not taxed.
- Lump-sum repayment of the loan in case of death or if a disability occurs. This benefit helps the family to not to be burdened with compensations of loan or credit card balance in case of demise or permanent disability of the borrower.
- The Credit scheme allows the borrower to be assured up to 60 years of age.
Fee Continuation Plan – Employers
Employer’s need 100% tested and tried ways to retain their employees. Since child education is one of the most important responsibilities of any parent, any financial cushion for this task can be most welcoming. As a boss, a school Fee Continuation Plan for the member of staff children in times of reservations, a unique plan that warrants the security of the educational future of the child in case of any adversity.
The school Fee Continuation Plan for employers offers the following:
- This plan offers a way to retain the employee and maintain loyalty towards the company.
- Minimal premiums can be charged combined to the main group life insurance plan
- You can avail Grade-linked or salary linked benefit structure.
- The plan offers flexibility in choosing the number of children that can be protected for each employee.
- Fee continuation can be in form of a fixed annual amount that shall be payable to the grieving family for the child’s educational expenditures for up to a definite academic level.
- The plan offers exclusion free insurance coverage in case of natural death.
- You can avail coverage of the employee up to 60 years of age.
- Premiums of the insurance plans are tax-free
- There is a profit-sharing” with groups having a minimum of 200 members.
Fee Continuation Plan – Educational Institute
An educational stride for a child is very important in achieving its future goal. The educational institute mentors educate and protect the child just as their parents do. The role of educational institutions is as important as parents in shaping the child’s future. In case of any unfortunate event that may happen, this dream can take into a nightmare. EFU Life through this plan takes this critical responsibility and guarantees the continuance of providing quality education to the children.
The Fee Continuation Plan can be utilized for payments of fee of schools as well as colleges, universities and all types of educational institutes. This plan offers the following:
The premium may be combined with the institute’s monthly or annual fee and estimated as an extra benefit the institute is providing.
- Building the good-will of the institution
- Built-in inflation protection in annual premium
- Coverage of Parent or guardian up to 60 years of age
- Premiums of the EFU Life plans are non-taxable.
Group Savings Plan
A Group Savings Plan “A complete product solution for savings and investment needs”
A penny saved is a penny earned. It is not as easy as it as it sounds. In times of pandemic and financial crisis, employees find it very hard to save a percentage of their earnings that may make the most of in the future if need be. An employer can facilitate their employees in their struggles towards building a financially secure future by choosing for EFU Life’s Group Savings Plan. This distinctive plan enables the employees to save some part of their earnings which can grow to a considerable amount at the policy maturity while enjoying insurance coverage as well.
Salient features of the Group Savings Plan are as follows:
- Ensures employee retention and loyalty
- Unit linked insurance coverage for groups
- Offers easy Premium Payment option to the employers
- The plan offers the option to choose from a range of available EFU Growth Funds depending on participants’ risk appetite.
- You can avail choice to select Sum Assured Structure based on member’s inclinations
- Benefits may be availed in lump sum payments or the form of retirement returns as pension/allowance
- “Exclusion Free” insurance under the Basic Life Coverage plan
- Option to protect against inflation through Inflation Protection Benefit (IPB)
- The plan offers a conversion option from the group savings plan to any regular individual insurance plan in case of disassociation with the company
- Option to accelerate the growth of your fund through Fund Acceleration Premium
- The EFU plan Offers easy access to savings as per needs and requirements
Group Provident Fund Insurance Scheme
EFU Life’s Group Provident Fund Scheme has been calculated to provide a financial pillow to the family in the event of the untimely death of the breadwinner of the family. Losing a loved one is not only loss of income in form of monthly salary, but the family is also deprived of the sustained growth of Provident Fund (PF) if the member had been alive till the age of retirement.
The Provident Fund Insurance Scheme’s main highlights are:
- Compensation for potential loss of the “projected” provident fund.
- High funds accumulation can be chosen for younger employees and vice-versa
- The premium is paid out of the provident fund of the employee, hence imposing no extra burden upon employer/company.
- The supplementary insurance is perceived as an added benefit to employees; hence it brings great value to employee loyalty and preservation.
- Exclusion free insurance cover in case of natural death
- The Plan offers profit sharing with groups having a minimum of 200 members
Hospital Cash Plan
EFU Life’s “Hospital Cash Plan” offers a unique, simple and reasonably priced hospital cash cover which pays a fixed sum for each day that the policyholder is admitted to any hospital (It carries no limitation of panel hospitals). EFU Life Hospital cash plan offers daily cash benefit to the individual regardless of the actual amount of the hospital bill that arises. This plan also provides an Intensive Care Unit (ICU) benefit that is double that of the daily hospital cash benefit.
Hospital Cash Cover offers the following features:
- The premium may be combined with the organization’s monthly or annual fee and can be offered as an additional benefit the organization is providing.
- This EFU life plan is a simple to explain, understand & use plan; ensuring that employees benefit from the product.
- Provide a living benefit to the employees.
- Help generate employee goodwill for the organization.
Main Benefits
If the policyholder, as a result of mishap or illness is inevitably confined within a Hospital, for at least 24 successive hours under the supervision of a Physician, then EFU Life will, upon acknowledgement of and due examination of the said Claim, pay the Daily Benefit.
Intensive Care Unit Benefit
If the policyholder has become eligible for the Central Benefit and is admitted to ICU then an added amount equal to 100% of his Daily Benefit (as offered by the policy) would be paid to the policyholder. At no occasion shall the total amount of assistance provided for each day of hospitalization can exceed twice the amount of Daily Benefit.
Maximum Consecutive Hospitalization
In case of continuous hospitalization for more than 24 hours, the payment of the daily cash benefit whether it is (ICU Benefit and/or Main Benefit) may continue for a maximum of thirty (30) successive days for one hospitalization.
Waiting Period between Two Hospitalizations
In the case of multiple hospitalizations, the requirement is that there should be a gap of 30 days between the two hospitalizations
No benefit shall be paid to the policyholder in case of hospitalization of less than 24 successive hours.
Natural Disability Benefit
This benefit offers the payment of the full sum guaranteed if the policyholder suffers from permanent disability caused by natural grounds.
Data Requirement
The basic data requirement from the employer is the list of employees with details regarding names, dates of birth and CNIC numbers. This data is required at each renewal of the policy i.e. each year. Timely adjustments of fluctuations can be made if the turnover of employees is communicated along with names, dates of birth, CNIC numbers and dates of leaving or joining.
Service Standards
At EFU Life strives to provide you with excellent services and serve its customers beyond their expectations. EFU Life has a friendly customer service and an enthusiastic and devoted sales force, EFU Life ensures its customers the best attention at all times.
EFU Life has set up stringent service standards so that they may satisfy their customers consistently
- Claim Settlement within seven days of submitting claim documents
- Service response to business queries within three working days
- ISO 9001-2008 certified operational procedures to ensure optimal quality services
- Well-trained staff with strong insurance background which assures sound information and knowledge
- Preparation of quotations within three days of quotation request generated from customer
FREE-LOOK PERIOD
This is a 14 days period during which you can meet your policy terms and conditions and can cancel the policy. During these 14 days the policy would be refunded
Their service is good..... Teller Natasha is nicely spoken person..... Satisfied with their work