EFU Life

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    The plan offers various features:

    • Provides guaranteed sum assured upon death or maturity.
    • Reversionary and terminal bonuses to grow your benefits.
    • Option to withdraw cash surrender values starting from the 2nd year.
    • Option to avail a Policy Loan in case of financial emergency.

    To be eligible for our EFU Aasaan Savings Plan, individuals must be aged between 18 and 65 years. The minimum annual premium required for this plan is 30,000 PKR.

    The plan offers fixed sum assured on death and maturity. These can be enhanced with additional bonuses declared by EFU Life on an annual basis.

    Yes, the plan offers additional benefits such as:

    • Accidental Death Benefit: provides an additional lump-sum benefit in case of accidental death.
    • Additional Term Assurance: offers the flexibility to increase your life cover when needed.
    • Family Income Benefit: steady monthly income, equivalent to 1% or 2% of the Basic Sum Assured.
    • Life Care Enhanced Benefit: The policy remains active after receiving a cash sum on diagnosis, ensuring continued coverage.
    • Waiver of Premium: All premiums are waived off incase of disability.

    The Free Look Period allows you to cancel your policy within 14 days from the commencement date or fourteen days from receipt of policy documents, whichever occurs later. If canceled, you're entitled to a full premium refund, however they Company shall be entitled to deduct all expenses incurred by it in connection with the medical underwriting of the Life Assured.

    The policyholder can avail a loan of up to 80% of the Net Surrender Value after the policy has been in force and full premiums have been paid. The loan amount, along with accrued interest, will be deducted from the claim amount.