An illness, injury or death may strike without warning, leaving the debt impossible to recover.
EFU life offers a Credit Life Scheme, which provides life and disability cover for the customers of a credit institution (coverage for repayment of loan or credit card balances). So let your borrowers enjoy that latest car, luxury home, higher education for children or the family trip to exotic resorts with complete peace of mind.
The following features of the Credit Life Schemeare applicable for all credit facilities:
The EFU Group Life Credit LifeScheme gives institutes the facility to tailor the package to their specific needs by choosing from a comprehensive range of additional benefits available. All covers are available on a 24-hours worldwide basis and include both on-duty and off-duty risks.
Even though the additional benefits are subject to some exclusions, the basic life benefit is exclusion free and shall be payable in any case. Acts of terrorism such as fire-arm, murder, assault and assassination are covered as well.
TThe benefit provides for the full payment of the sum assured if the permanent and total disability by accident prevents the employee from following his own occupation or any other similar occupation for which he is reasonably suited by reason of education, training or experience. This benefit mainly aims to provide a financial cushion to individuals of your group.
The benefit provides for the full payment of the sum assured if the permanent and total disability by accident prevents the member from following his occupation or any other occupation. This benefit mainly aims to provide a financial cushion to individuals of your group.
This benefit provides for the payment of the full sum assured if permanent disability is caused by natural causes.
The basic data requirement from the financial institute/bank is the list of customers along with details regarding names, dates of birth and CNIC numbersThe sum assured for each customer shall have to be submitted monthly, which shall be the outstanding credit/debt balance or any other information according to the type of cover extended.
New customers and customers who paid off in full may be adjusted on a monthly basis in the scheme.
At EFU Life we strive to provide you excellent services and serve you beyond your expectations. Having a friendly customer service and a dedicated sales force, we ensure you the best of our attention at all times.
We have set up stringent service standards so that we may satisfy our customers consistently