The Unit Linked Accelerated Saving Plan is a versatile, hybrid solution tailored for customers seeking both comprehensive coverage and a convenient, hassle-free payment structure. This plan allows customers to secure their financial future with a one-time payment, eliminating the need for ongoing contributions.
Designed with simplicity and convenience in mind, the plan ensures that customers remain covered for the full term, offering peace of mind without the burden of recurring payments.
The Accelerated Savings plan offers two key variants to cater to varying customer needs to suit both mass-market and premier customers, this option allows for flexible investment choices, ensuring that customers from different segments can benefit from this comprehensive and
convenient solution.
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.
Plan Objective:
The objective of this plan is to collect the current and future premiums of this plan in one go to purchase units for the funds based on the client’s risk and investment objectives, hence saving the client from the hassle of regular payments. Moreover, the lump sum premiums collected will also earn greater return in comparison to the premium collected on yearly basis.
| Eligible Age | 18 – 65 years |
|---|---|
| Minimum and Maximum Plan Term |
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| Minimum Premium |
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| Mode of Premium | One time premium payment paid by the client |
| Fund Acceleration Premium | Minimum FAP 50,000 |
| Sum Assured | Annual Premium x Protection Multiple |
Claim:
In case of an unfortunate event, you may file your claim intimation through any Bank Alfalah 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 cod@efulife.com. Thereafter, you will be contacted for next steps.
Disclaimer:
- This product is underwritten by EFU Life Assurance Ltd. It is not guaranteed or insured by Bank Alfalah or its affiliates and is not a Bank Alfalah product. * EFU Life Assurance Ltd will be responsible for settlements of claims to the insured customer(s) or beneficiary(ies).
- Bank Alfalah is acting as a distributor/corporate insurance agent on behalf of EFU Life Assurance Ltd and is not and shall not be held responsible in any manner whatsoever to any person, including but not limited to the insured customer(s), beneficiary (ies) or any third party.
- The investment risk of the fund is borne by the policyholder (insured person) and actual maturity or surrender values may be lower or higher than the projected figures.
- The past performance of funds is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of future or likely performance of the funds and neither EFU Life Assurance Ltd nor Bank Alfalah will incur any liability for the same.
- A personalized illustration of benefits will be provided to you by our sales representative. Please refer to the notes in the illustration for detailed understanding of the various terms and conditions.
- Service charges and taxes will be applicable as per the Bank’s “Schedule of Charges” and taxation lawsas stipulated by the relevant authorities.
- This product brochure gives a general outline of the product features and benefits. A description of how the contract works is given in the policy provisions and conditions.
