One of the most difficult things to do is to start saving for the future because it automatically reduces the amount of money available for spending now. However, without the discipline of a regular savings plan many of our aims and ambitions for the future may not be achievable.

The EFU Savings Plan is a high value savings and investment vehicle, which offers higher unit allocation in the early policy years and provides valuable life insurance coverage. The large funds accumulated during the savings term can be utilized for higher education or marriage of children, buying a house, providing for regular income after retirement and any other purpose. The plan is highly flexible and responds to the needs of the individual.

The plan aims to accumulate contributions and provide a large sum at the end of the savings term. In addition it provides valuable life insurance coverage during the entire savings period.

The opportunity for Growth
Your contributions to the Plan will buy units in the EFU Managed Growth Fund. The Investment Plan is designed to provide a large cash sum at the end of your selected period.

Inflation Protection
Under the Inflation Protection, the contribution will increase every year by 7% of the original premium with an appropriate increase in benefits, without any medical evidence.

Access to your Savings
Nobody can predict the future. If your circumstances change and you have a need for cash before the end of the savings period you can encash the policy for the full bid value of units without any early surrender penalties after the second annual premium has been paid.

Retirement Income
At the maturity of the Plan your need may be for a regular retirement income as opposed to a lump sum.

Investment with a “Safety Net”
The moment you start saving with the Investment Plan you will enjoy a guaranteed level of life assurance protection.

Additional Benefits
To supplement the benefits of the main plan, additional benefit riders may be added. The additional benefit riders available with the EFU Savings Plan are as follows:

Lifecare Benefit
Lifecare Benefit Plus
Additional Term Assurance
Family Income Benefit
Hospitalcare
Hospitalcare Plus
Medical Recovery Benefit
Waiver of Premium