EFU Mehfooz Sarmaya Plan is a specially designed single premium investment plan for achieving real capital growth with the added benefit of life insurance coverage. It is an investment-linked insurance product. Under this plan, your funds are managed by experts for maximum investment gains while maintaing minimal risk, through portfolio diversification.Apply Now!
Disclosure of Product
This is a life insurance product which has two distinct elements i.e., Insurance Protection and Investment. The Investment Component is linked to the performance of underlying assets under unit linked fund(s).
Free Look Period
If you cancel your policy within free look period of 14 days from the date of the documents receipt, you are entitled for a full refund of premium less any expenses incurred by EFU Life in connection with our medical or clinical examinations.
100% of the Single Premium
|Extra Unit Allocation
|15 & every 5 years thereafter
Opportunity for Growth
Multiple Fund Option: Under this option you have a facility to select a mix of two unit linked funds of the plan. Fund mix can be selected in multiples of 10%. It means that the funds split can be of 90/10, 80/20, 70/30, 60/40 or 50/50.
For Ages 18-59 years
Death Benefit up to age 70 years is equal to:
For Ages 60 years and above at entry:
Death Benefit up to age 5 policy years is equal to:
The minimum premium is PKR 50,000 per annum
Available to individuals from 18 years of age or above.
In order to enhance the overall advantage you get from the product, other options apart from the basic benefits on offer can also be availed. These additional benefits include:
|Rate / PKR
|5% of the net regular premium
|Investment Management Charge
|0.125% of the fund value per month
|Mortality Charge (Cost of Insurance)
|An age-based mortality charge applies for the life insurance risk each year and is dependent on the sum at risk. No mortality charges applies in years where the cash value exceeds sum assured.
|Fund Switching Fee
|Surrender Processing Fee
|100% for the first year
|As per the above Unit Allocation table
In case of an unfortunate event, you may file your claim intimation through any JS Bank Branch walk in, visiting the EFU Head Office or by visiting any of the EFU branches in the country. For a swift speedy process you may also call us at our call center (021- 111 338-111) or simply visit our website, fill in the intimation form and email it to us at [email protected]. Thereafter, you will be contacted for next steps.