This is an investment-linked takaful hybrid product that includes exclusive offerings tailored to priority customers, particularly for women and those seeking benefits related to pilgrimage. By addressing their specific needs, this plan ensures participants receive added value and dedicated support. With a high allocation structure and a wide range of benefits, participants can maximize returns while enjoying the reassurance of comprehensive, customized coverage.
EFU Takaful High Value Savings Plan has been reviewed and approved by the Shariah Advisor of EFU Life
– Window Takaful Operations, Mufti Muhammad Ibrahim Essa who is a prominent scholar from Jamiah Darul Uloom Karachi and has a vast experience of Islamic finance and takaful.
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:
| Attribute | Details |
|---|---|
| Eligible age | 18–65 years |
| Minimum Plan Term | 10 years |
| Maximum Plan Term | 57 years |
| Maximum Age at Maturity | 75 years |
| Minimum Contribution | Rs. 1,000,000 |
| Mode of Contribution | All modes available |
| Fund Acceleration Premium | Minimum: Rs. 50,000 |
| Sum Assured | Annual Premium X Protection Multiple |
| Protection Multiples | 5 – 75 (depending on the age of policyholder at entry) |
Claim:
In case of an unfortunate event, you may file your claim intimation through any Bank Alfalah Branch walk in, visitingtheEFU Head Officeorby visitinganyof theEFU branches in the country.For a swift speedyprocess 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@efuhemayahtakaful.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.
