EFU Life’s Group Provident Fund Scheme has been designed to provide a financial cushion to the family on the untimely death of the bread earner. Apart from the loss of income in form of monthly salary, the deceased’s family is also deprived of the continued accumulation of Provident Fund (PF), had the bread earner survived till his normal retirement age.
The Provident Fund Insurance Scheme’s main highlights are:
The EFU Group Life Provident Fund Insurance Scheme gives employers the facility to tailor the package to their specific needs by choosing from a comprehensive range of additional benefits available. All covers are available on a 24-hours worldwide basis and cover both on-duty and off-duty risks.
Even though the additional benefits are subject to some exclusions, the basic life benefit is exclusion free and shall be payable in any case. Acts of terrorism such as fire-arm, murder, assault and assassination are covered as well.
The benefit provides for the full payment of the provident fund balance if the permanent and total disability by accident prevents the employee from following his own occupation or any other similar occupation for which he is reasonably suited by reason of education, training or experience. This benefit mainly aims to provide a financial cushion to individuals of your group.
The benefit provides for the full payment of the provident fund balance if the permanent and total disability by accident prevents the member from following his occupation or any other occupation. This benefit mainly aims to provide a financial cushion to individuals of your group.
This benefit provides for the payment of the provident fund balance if permanent disability is caused by natural causes.
The basic data requirement from the employer is the list of participants showing the names, dates of birth, employee codes or any other unique ID, CNIC numbers and individual PF balances.
In case of flat coverage no further details are required.
The information is required to calculate sums assured and will be required at each renewal date.
Timely adjustments of fluctuations (additions or deletions) can be made if the turnover of employees is communicated along with names, dates of birth, CNIC numbers and dates of leaving or joining.
At EFU Life we strive to provide you excellent services and serve you beyond your expectations. Having a friendly customer service and a dedicated sales force, we ensure you the best of our attention at all times.
We have set up stringent service standards so that we may satisfy our customers consistently