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JS / Personal / Wealth Management / Bancassurance / EFU Cover Plan

EFU Cover

EFU Cover Plan is an income continuation plan where the family of the deceased client will be given a monthly income allowance for 12 months and a lumpsum amount as per selected category in case of insured person passes away due to any reason or becomes permanently disabled due to accidental causes. The EFU Cover Plan is underwritten by EFU Life Assurance and JS Bank is acting as a distributor only.

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Free Look Period

There is a thirty (30) days free look period after three days of deduction date in which you can cancel the plan and get your premium paid back. But remember, insurer or bank will not entertain any refund request(s) after the free look period, however plan can be cancelled at any time.


You can enroll in the plan from the age of 18 years till you are 63 years old and this plan will keep you protected until you attain 64 years of age.

Benefits & Premium

Category Income Continuation – 12 Months (Death/PTDa) Term Life/ PTDa Benefit Annual Premium
Bronze PKR 50,000 PKR 250,000 PKR 5,000
Silver PKR 75,000 PKR 500,000 PKR 8,000
Gold PKR 100,000 PKR 750,000 PKR 11,000

EFU Cover Plan is a pre-underwritten product, issued and subject to the terms and conditions set by EFU Life, having its principal office at Plot 112, 8th East Street, DHA Phase I, Karachi, Pakistan – 75500, EFU Cover Plan is only the name of the product and does not, in any way, indicate the quality of the product. Bank is acting as corporate insurance agent for the plans on behalf of EFU Life. Bank will not be responsible in any manner if your application or claim is rejected by EFU Life nor will investigate or provide any opinion on merits of the claim.