The need to provide high life cover at a minimum cost may arise for a number of reasons. For example you may need:

To provide a replacement income for your family on your death
To ensure that your early death does not jeopardize your future plans for your children in terms of their education, wedding etc.
To protect the continuity of your business by ensuring that funds are available for your beneficiaries.

EFU Security Plan is a term assurance contract which allows you to provide protection against the financial consequences of death at a very low cost.

High Cover for a Nominal Cost

Example : Male aged 35 next birthday
To provide a lump sum payment of Rs. 500,000 on death during a 20 year term the annual premium would be Rs. 3,960 i.e. just over Rs. 10 per day.

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.

Additional Benefits
The basic objective of the Security Plan is to pay a lump sum if you die within the term of the Plan. The Plan can also be arranged on a joint-life basis so that both husband and wife are covered. The benefit (Sum Assured) would then be payable on the first ‘claim’ of either partner.

You also have the flexibility to tailor the Plan to suit your circumstances by being able to choose from a range of additional benefits.

Family Income Benefit
Accidental Death and Disability
Accidental Death and Disability Plus
Waiver of Premium