For almost three decades, EFU has been growing and reaching out to the whole of Pakistan. They offer a wide range of EFU life insurance plans and all are designed to enhance the lives of those who take out policies for various reasons. Their ability to deliver a service that continues to cover over 1.5 million people is a testament to their professionalism and drive to give customers what they want.
Throughout Pakistan, they have over 200 branches and they have built healthy relationships with over 16 major banks for insurance products and 7 banks that offer life insurance products.
The products they offer, have been designed to meet the needs of every client and they lead the way in a wide range of products such as unit-linked products, critical illness products, pension plans and many more. Take a look at the following key plans matching with the needs being addressed to cover certain uncertainities:
Plans being Offer by EFU Life Insurance:
1- Emerald Plan
This plan has been designed to offer investment opportunities that are based around three variants. Its flexibility enables high unit allocation in the early years and it is designed for a wide range of income levels. The plan is designed to help your finds increase in value by the time the plan matures. At any time, the benefit can be withdrawn partially or fully.
2- Prosperity for Life
The idea behind this product offering is to help you planning for the different stages of your life. Whether you are considering purchasing a new home or sending your children to university. It is there to give you the protection you need for your savings through two different options and different levels of insurance are available. Savings can be accessed when required and loyalty rewards can be built up by fund acceleration payments.
3- Education Plan
Saving for the future of your children is crucial, especially when it comes to education. This plan ensures that your child will have the best start in life by helping with the cost of further education. Regardless of whether you remain alive or not, the plan is designed to continue to pay for the education through the built-in continuation benefit and optional income benefit.
Additional Reading: Savings for Children Education – a Myth or a Reality
4- Capital Growth Plan
This plan is designed to help you invest your money safely and securely. Investments are pooled with a large number of people, enabling you to benefit from death cover and investments across a vast array of equities. All investments are expertly managed, savings can be access when required and there are built-in protection investments.
5- Khushhali Plan
This gives you the chance to save at a low annual premium while high investment allocation gives you the opportunity to enhance your savings. This is a plan that is designed to help you save for those important moments in life.
6- Guaranteed Acceptance Plan
EFU Guaranteed Acceptance Plan offers a high value unit linked life assurance plan allowing you to earn a high value in the initial period of policy coverage resulting in high growth value. The plan offers annual based death benefits to the beneficiaries. The plan is offered to all kind of customers and EFU Life do not decline this product offering to any customer. If you choose to take out this plan, you will not have to undertake a medical or health questionnaire. From the 3rd year onwards there is a year wise death benefit and there is accidental death benefit. It has a minimum annual premium of Rs. 40,000 and the extra fund can be invested in order to top up savings.
Additional Reading: Key things to Consider before Buying a Term Life Insurance Plan
7- Executive Pension Plan Plus
Planning for retirement is crucial which is why the Executive Pension Plan Plus is perfect for ensuring you can continue to live to a high standard when you retire. All investments are managed by experts and when the policy matures there are a number of payout options. Savings can be accessed when required and should your job change, the plan has complete portability.
8- Nisa Savings Plan
A plan that is designed for women, it helps to build savings that can be used for your future. The plan offers complete security and protection as well as flexibility.
9- Marriage Plan
Giving your child their dream wedding is what this plan has been designed for. It helps to encourage systematic savings that are highly valued and are protected completely. You can spread the cost of saving for your child’s wedding and continue to enjoy life with them at the same time.
10- Head Start Plan
Your child may be faced with many challenges in life but this plan is designed to help you give them the financial stepping-stone that helps them to get on. You can begin saving in an account that is in their name that they can access when you want them to. This comes with a high level of protection and flexibility.
EFU offer a wide range of plans that are designed to meet the ever-changing needs of parents, families, and investors living in Pakistan or abroad. Finding the right plan is simple, especially when there are so many on offer but ensuring you do find the right plan is as simple as carrying out the correct research at Mawazna.com.
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