Future Secure Plan



Future Secure Plan

Life is unpredictable; we can never be sure what the future holds for us. No matter what life throws at you in the future, through proper financial planning you can ensure that changing circumstances will not affect your goals and ambitions. Samba Bank Future Secure Plan is a comprehensive financial package that gives you the dual benefit of protection along with potentially higher returns over a long term on your savings and investments.

Plan:

  • This product is underwritten by EFU Life Assurance Limited. It is not guaranteed or insured by Samba Bank Limited or its affiliates and is not a Samba Bank Limited’s product.
  • The past performance of EFU Life Assurance Limited funds 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 Assurance Limited nor Samba Bank Limited will incur any liability for the same.
  • A personalized illustration of benefits will be provided to you by a sales representative. Please refer to the notes in the illustration for detailed understanding of the various terms and conditions.
  • Samba Bank Limited is acting as a distributor of Samba Future Secure Plan on behalf of EFU Life Assurance Limited and is not and shall not be held responsible in any manner whatsoever to any person, including but not limited to the insured customer(s), beneficiary (ies) or any third party.
  • EFU Life Assurance Limited is the underwriter and provider of this insurance cover and shall be responsible for settlement of claims to the insured customer(s) or beneficiary (ies).


The policy offers a 14-day free-look period from the commencement date allowing the life assured the cancel the policy and avail a full refund of the amount paid. However, as per law, certain charges may be deducted related to any medical examinations that you may have undergone during the application stage.

Investment Options:

Policyholders have an option to select a unit fund based on his risk preferences and investment objectives at the policy inception. The funds available are:

  • EFU Managed Growth Fund – objective is to achieve reasonable capital growth and steady returns; ideal for young and middle aged people.
  • EFU Guaranteed Growth Fund – objective is to achieve steady returns with a guarantee that the bid price of the fund will never fall; ideal for older and/or high risk-averse people.
  • EFU Aitemad Growth Fund – objective is to achieve stable Shariah compliant returns; ideal for religious minded people.

Primus:

Policy holders will be automatically enrolled for PRIMUS

  • PRIMUS clients can avail benefits including discount in medical labs, online discounts and airport lounge access.
  • For further details, please contact Branch Relationship Manager


Optional Riders / Benefits:

  • Accidental Death and Disability
  • Accidental Death and Disability Benefit
  • Waiver of Premium
  • Additional Term Assurance
  • Family Income Benefit
  • Life care Benefit


Disclaimer:

  • This product is underwritten by EFU Life Assurance Ltd. It is not guaranteed or insured by Samba Bank or its affiliates and is not a Samba Bank product. Hence EFU life is responsible for all underwriting risk.
  • Samba is just a promoter and distributor of this Product to its valued customers.
  • All Insurance Indemnity Claims, charges and payments relating to the Insurance Policies shall be the sole and exclusive responsibility of EFU Life.
  • The contributions in the plan are invested in any one of the mentioned growth fund as chosen by the policyholder.
  • The past performance of 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 Assurance Ltd nor Samba Bank will incur any liability for the same.
  • A personalized illustration of benefits will be provided to you by our sales representative. Please refer to the notes in the illustration for detailed understanding of the various Terms and Conditions.
  • A description of how the contract works is given in the policy provisions and conditions. This product brochure only gives a general outline of the product features and benefits and the figures used above are indicative and for illustration purposes only.