Employees work with utmost dedication when they believe their organization truly cares about their well-being. Group Term Life addresses an employees’ need of life insurance from the ‘factory floor’ to the ‘board room’.
EFU Life’s Group Term Life Assurance plan’s main highlights are:
The EFU group 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 covers 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.
The benefit provides an additional indemnity in the event of accidental death.
The benefit will provide for a certain percentage of the basic sum assured (according to the schedule, which is in line with the Labor Laws) payable when permanent disability results from an accident. This rider mainly aims to provide insurance cover to blue-collar workers where the risk of amputation is usually high.
The benefit provides for the full payment of the basic sum assured if the permanent and total disablement by accident prevents the member from following his own occupation or any other occupation for which he is reasonably suited by reason of education, training or experience. This benefit mainly aims to provide insurance cover for the white-collar members of your group.
This benefit provides for the payment of the full sum assured if permanent disability is caused by natural causes.
Our Accidental Hospitalization/Medical Expense Plan provides protection against accidental occurrences that might lead to bodily injuries. The plan offers financial support in case of hospitalization arising due to accident. The plan provides compensation for actual expenses incurred for medical treatment in a hospital due to accident.
This benefit is provided to low-income workers to cover funeral expenses in case of the employee’s death.
This benefit provides for the advance payment of 50% of sum assured (subject to a maximum limit) in case of diagnosis of Terminal Illness. The remaining 50% sum assured will be payable on death.
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 and CNIC number. 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