This is an investment-linked Takaful Accelerated Savings Plan which 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 Takaful 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 Family takaful product which has two distinct elements i.e., Protection and Investment. The Investment Component is linked to the performance of underlying assets under unit linked fund(s).
Free Look Period::
If you decide to cancel your membership within fourteen days of receiving the membership document, you are entitled for an amount equivalent to contribution as a settlement benefit less any expenses incurred by EFU Life – WTO in connection with our medical or clinical examinations.
Plan Objective:
The objective of this plan is to collect the current and future contributions of this plan in one go to purchase units for the funds based on the participant’s risk and investment objectives, hence saving the participant from the hassle of regular payments. Moreover, the lump sum contributions collected will also earn greater return in comparison to the contributions collected on yearly basis.
| Eligible Age | 18 – 65 years |
|---|---|
| Minimum and Maximum Plan Term |
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| Minimum Contribution |
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| Mode of Contribution | One time premium payment paid by the client |
| Fund Acceleration Contribution | Minimum FAC 50,000 |
| Sum Assured | Annual Contribution x Cover 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 – Window Takaful Operations. It is not guaranteed or covered by Bank Alfalah or its affiliates and is not a product of Bank Alfalah. Hence EFU Life – Window Takaful Operations is responsible for all underwriting risk.
- Bank Alfalah is just a promoter/ distributor and corporate takaful agent of this product to its valued customers.
- Growth in the value of your contribution will depends on the performance of the selected Fund in which the contributions are invested.
- All investments made in the selected Fund are subject to market risks. The investment risk of the selected fund will be borne by the participant.
- Arrangements of all Takaful Claims, charges and payments relating to the Takaful Policies shall be the sole and exclusive responsibility of EFU Life – Window Takaful Operations.
- The past performance of the fund 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 – Window Takaful Operations nor Bank Alfalah will incur any liability for the same.
- A personalized illustration of benefits will be provided to you by our consultant. Please refer to the notes in the illustration for detailed understanding of the various Terms and Conditions; you are required to fully understand the illustration and other terms and conditions of the plan.
- Service Charges and taxes will be applicable as per the Bank’s schedule of charge and taxation laws as stipulated by relevant authorities.
