In the unfortunate event of the policyholder's demise, this benefit ensures that EFU Life will step in to cover the remaining premiums. This means that the policy remains active, and the intended financial support for the beneficiaries continues uninterrupted. It's a safeguard that ensures your loved ones receive the protection and financial assistance you've planned for, even in your absence.
The inflation protection benefit acts as a hedge against inflation. It ensures that the benefits provided by your plan are automatically updated to account for inflation each year. This helps to maintain the real value of your accumulated fund and provides a stronger financial foundation over time.
Policyholders can choose to make FAP payments in addition to their regular premium contributions. These extra payments are directed towards the investment component of the policy, allowing for a more significant allocation to investment funds. As a result, policyholders may experience faster fund growth and potentially increased savings over time.
An income benefit in an education insurance plan is triggered in the case of the policyholder’s death. It provides regular payouts to cover educational expenses, ensuring a consistent financial source for the insured's beneficiaries' learning needs.
Yes, both education insurance plans and life insurance plans provide financial protection in the event of the policyholder's death, the key distinction lies in their specific purposes and benefits. The former is tailored to secure funds for a child's education, while the latter offers broader financial protection for beneficiaries in various circumstances.
All individuals aged between 18 and 65 years are eligible to buy this plan. The minimum annual premium required for this plan is 30,000 PKR.