Being a parent, you play an important role in your child's life and want to give the best on the road to a successful future. For this purpose, you plan to design a complete financial package for your child’s education and marriage in an organized and disciplined manner to make sure your child gets the best of everything.
EFU Sunhera Khuwab Plan is an investment-linked insurance product that meets your child’s education and marriage expenses along with the added advantage of life insurance cover and flexible options to customize the benefits according to your needs.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.
Premiums are allocated to the investment fund based on the following unit allocation percentages.
|Policy Year||Unit Allocation %||Allocation Charges*|
|Year 4 & onwards||100% + Applicable Bonus||0%|
*An allocation charges will be deducted from the Paid Premium every year as per the above table and the remainder will be allocated to the account value.
A Minimum Annual Premium amount of Rs. 24,000 is required.
Available to individuals from 18 years of age or above.
Premium paid towards the plan is invested in an internal investment fund of EFU Life. Pick whichever fund you want based on your needs and risk tolerance from the following:
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|
|Administration Charge||PKR 90 per month|
|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 JS 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 co[email protected]. Thereafter, you will be contacted for next steps.