Apart from the loss of income in form of monthly salary, the deceased’s family is also deprived of the continued accumulation of provident fund had the bread earner survived to his normal retirement age.
The Provident Fund Insurance Plan’s main highlights are:
The Provident Fund Insurance provides benefit in case of death, both accidental and natural. Acts of terrorism such as fire-arm, murder, assault and assassination are covered.
The basic data requirement from the employer is the list of employees showing the names, dates of birth, employee code or any other unique id, CNIC number and individual PF balance.
In case of uniform coverage no further details are required.
In case of graded coverage linked with salaries, designation, length of service or any other variable then details of the same shall have to be provided for each employee. The information is required to calculate sums assured and will be required at each renewal date.
Timely adjustments of fluctuations (additions or deletions) can be made if the turnover of employees is communicated along with names, dates of birth, CNIC numbers and date of leaving or joining.
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 of the best of our attention at all times.
We have set up stringent service standards so that we may satisfy our customers consistently