Extra conviction needs to be given to employees to enhance productivity and improve retention. Loan protection for employees is a step towards better employer-employee relationship. Under this scheme, the loans provided by the employer to employees for the purpose of housing, transport etc. are assured by EFU Life. Provides a loan from one’s own company and having it a peace of mind to the employees and increases their commitment towards the Company. So let your employees enjoy that latest car, luxury home, higher education for children or the family trip to exotic resorts.
The following features of the Credit Life Schemeare applicablefor all credit facilities offered by an employer:
The EFU Group Life Credit Life Scheme gives employers 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 cover 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.
The benefit provides for the full payment of the basic 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 basic 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 employer is the list of employees with details regarding names, dates of birth, employee code or any other unique ID, CNIC number and individual credit balance.
This information is required to calculate sums assured and will be required at each renewal date.
New members who availed the facility and members who pay off their loan 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