+92 (21) 111-654-321
+92 (51) 111-654-321
+92 (21) 111 JS BANK
+92 (21) 111 57 2265
+92 (21) 263 1803
+92 (21) 3279 9009
JS Bank Limited
Shaheen Commercial Complex
Dr. Ziauddin Ahmed Road
P.O. Box 4847, Karachi-74200
EFU Mehfooz Sarmaya Plan is a specially designed single premium investment plan for achieving real capital growth with the added benefit of life insurance coverage. It is an investment-linked insurance product. Under this plan, your funds are managed by experts for maximum investment gains while maintaing minimal risk, through portfolio diversification.Apply Now
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).
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.
100% of the Single Premium
|Policy Year||Extra Unit Allocation|
|15 & every 5 years thereafter||4%|
For Ages 18-59 years
Death Benefit up to age 70 years is equal to:
– The greater of the Basic Sum Assured (adjusted for partial surrenders), or Basic Cash Values of the plan PLUS The Cash value of the units applicable to FAP (If any). Death Benefit after 70 years of age will be Total Cash Value.
Death Benefit up to age 5 policy years is equal to:
– Death benefit will be the greater of the Cash Value and 101% of Original Single premium. On each partial surrender, for the purpose of calculating benefits as defined above, the original single premium will be reduced by the same proportion as the
Cash Value surrendered.
The minimum premium is PKR 50,000 per annum
Available to individuals from 18 years of age or above.
In order to enhance the overall advantage you get from the product, other options apart from the basic benefits on offer can also be availed. These additional benefits include:
|Charges||Rate / PKR|
|Bid/Offer Spread||5% of the net regular premium|
|Investment Management Charge||0.125% of the fund value per month|
|Mortality Charge (Cost of Insurance)||An age-based mortality charge applies for the life insurance risk each year and is dependent on the sum at risk. No mortality charges applies in years where the cash value exceeds sum assured.|
|Fund Switching Fee||PKR 500|
|Surrender Processing Fee||PKR 500|
|Surrender Charge||100% for the first year|
|Allocation charges||As per the above Unit Allocation table|
In case of an unfortunate event, you may file your claim intimation through any Allied Bank 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 [email protected] Thereafter, you will be contacted for next steps.