Overviews | Samba

EFU Secure Future Plan

Life is unpredictable; However, through proper financial planning you can manage your goals and ambitions. It is an investment-linked insurance product. EFU Secure Future 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.

Disclosure of Product:
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).

Free Look Period:
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.

Opportunity for Growth:

  • Every premium paid towards the plan will be invested in one or two of the internal investment funds of EFU Life. It is completely your decision to choose the internal fund based on your investment objectives. You can select from the following unit funds mentioned below:
  • EFU Managed Growth Fund | Fund Categorization - Balanced; Risk Profile: Medium - An investment fund with a balanced investment strategy. It aims to achieve reasonable capital growth and steady returns with investment in government securities, carefully selected blue chip equities and other fixed income instruments and cash.
  • EFU Guaranteed Growth Fund* | Fund Categorization : Money Market Fund; Risk Profile: Low - An investment fund providing steady returns with a guarantee that the bid price of the fund will never fall. It aims to achieve stable growth through investment in short term debt securities.
  • EFU Aggressive Fund | Fund Categorization: Aggressive; Risk Profile: High - An investment fund with the aim of investing in equities providing a higher rate of return. It aims to maximise capital growth by using investments with an aggressive market outlook.
  • Multiple Funds Option - Under this option you have a facility to select a mix of two unit linked funds of the plan. Fund mix can be selected in the multiple of 10%. It means that the funds split can be of 90/10, 80/20, 70/30, 60/40 or 50/50.

* EFU Guaranteed Growth fund to be selected by default

Applicable age and Tenure:

This plan is available for all individuals aged between 18 and 65years next birthday, it is a whole of life plan.

Minimum Premium requirements:

Minimum annual basic plan premium is Rs. 24,000/- only.


Investment Management Charges: 0.125% of the fund value per month Bid / Offer Spread: 5% of the regular premium

Administration charges: Rs. 90 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 apply 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


Death Benefit:

On death, the benefit payable is equal to;

• The greater of Sum Assured or the Cash Value of units allocated against basic premium Plus

• The Cash Value of units allocated against FAP payments

Optional Benefits:

Family Income Benefit: This benefit ensures that a monthly income is paid to the family in case of an unfortunate death of the policy holder (insured person) during the plan term.

Accidental Death Benefit*: If death occurs due to accident; this benefit provides an additional lump sum benefit.

Accidental Death and Disability Plus Benefit*: This rider provides an additional lump sum benefit in case of an accidental death or disability (permanent & total) that makes you permanently disabled.

Life care Plus Benefit: This rider provides a flexible benefit ranging from Rs. 50,000 to sum equivalent to main plan sum assured subject to a maximum of Rs.1.5 million, upon the diagnosis or the occurrence of any 15 covered critical illnesses.

Waiver of Premium: In case the life assured is unable to follow any occupation due to the sickness or accident, the premium would be paid by EFU Life.

Additional Term Assurance: This rider increases the level of life cover by providing an additional amount, in case of death of the Life Assured.:

*Any one of the accidental death benefits can be selected at a time.

Unit Allocation: 

The proportion of basic plan allocated to investment is as shown in table:


Unit Allocation %

Allocation Charges*










4 to 5



6 to 10



11 and onwards



*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.

Sum Assured: 

This is the amount payable on the unfortunate event of death of the policy holder/life assured. This is equal to the Regular Basic Plan Premium times the protection multiple selected by the policy holder. The Protection Multiple is subject to limits dependent on the age at commencement. Refer to the table below for further details:


Protection Multiple

18 to 35

5 to 75

36 to 40

5 to 50

41 to 49

5 to 35

50 to 60

5 to 70-age

61 to 65


Joint Life: This plan can also be offered on joint life basis. For Joint Life, the benefit is payable on first claim of either life. The Protection Multiple is based on the effective age at commencement and is as follows:


Protection Multiple

18 to 35

5 to 45

36 to 40

5 to 30

41 to 45

5 to 15

46 to 49

5 to 10

50 to 65


Fund Acceleration Premium: If you have surplus cash available at any point of time during the plan term it can be invested in the plan to enhance your cash values. These additional payments in the plan are called Fund Acceleration Premium payments. You can make these payments at any time while the policy is in force. The minimum FAP payment is Rs. 24, 000. 100% of FAP payments are allocated to purchase units in the selected fund.

Indexation: This option gives you the security and peace of mind of knowing that the benefits provided by your plan will be automatically updated in line with inflation every year. Once you select this option, the premium will increase every year by 5% of the prior year’s premium. Similarly, the sum assured, and additional benefits will increase in the same proportion. However, you can opt to increase only the premium while keeping the sum assured at the initial level. Sum Assured indexation is only available until age 55, provided you were accepted on standard terms initially.

Complete and Partial Surrender: The plan provides complete access to accumulated fund value during the plan term. Total units accumulated can be withdrawn after the second year’s regular premium payment. A facility for partial withdrawals is also available subject to Rs.20,000 remaining in the fund. If the customer opts for complete surrender, all units will be encashed and the plan will be terminated.

Claim: In case of an unfortunate event, you may file your claim intimation through a Samba 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 cod@efulife.com. Thereafter, you will be contacted for next steps.


  • 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 Bank is just a promoter and corporate insurance agent 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 premium in the plan are invested in any one of the mentioned growth funds 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 the sales representative. Please refer to the notes in the illustration for detailed understanding of the various Terms and Conditions.
  • Service charges and taxes will be applicable as per the bank’s “Schedule of Charges” and taxation laws as stipulated by the relevant authorities.
  • 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.

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