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Unit link EFU Behtar Kal Retirement and Saving Plan is a comprehensive savings plan that fulfills your future financial needs. It is a complete plan which provides savings and protection that further strengthens your financial base for a brighter tomorrow. It is a unit-linked whole of life plan which aims and focuses to deliver a substantial growth of your investment, during the policy term with the added benefits of life insurance cover.
The plan is available to all HabibMetro Bank Limited customers between 18 to 65 years of age.
| Min Entry Age | Max Entry Age | Min Policy Term |
| 18 Years | 65 Years | 10 Years |
The minimum annual basic premium is 20,000/. Customer can pay his/her premium in different mode, Annual, semi-annual, Quarterly and Monthly.*There is no maximum limit for the premium.
If you have surplus cash available at any point of time during the plan term it can be invested in the plan to enhance your cash values. These additional payments in the plan are called Fund Acceleration Premium payments. You can make these payments at any time while the policy is in force. The minimum FAP payment is Rs. 20,000. 100% of FAP payments are allocated to purchase units in the selected fund.
Basic Premiums are allocated as per the schedule shown below.
| Policy Year | % of Basic Premium Allocated | Allocation Charge % |
| Year 1 | 60% | 40% |
| Year 2 | 80% | 20% |
| Year 3 | 90% | 10% |
| Year 4 to 5 | 100% | Nil |
| Year 6 to 10 | 103% | Nil |
| Year 11 and onwards | 105% | Nil |
Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest HabibMetro Bank Limited branch.
Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the policy inception. The funds available are:
Application charges are as follows:
| Charges | Amount/Rate |
| Administration Charges | PKR 100 Per month |
| Investment Management Charge | 0.125% of the fund value per month. |
| Bid/Offer Spread | 5% of the net regular premium |
| Surrender Charge | PKR 500 (100% For the first year) |
| Fund Switching | PKR 500 |
Policyholder has the option to surrender the policy after paying two annualized premiums after completion of two policy years (24 months) and before the completion of policy term, customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.
Death Benefit:
The moment you start saving with EFU Behtar Kal Retirement and Savings Plan, you will have a guaranteed level of life insurance protection. After the death of the policy holder the beneficiary will be receiving:
Greater of the Sum Assured of the Main Plan or The Cash Value of the units applicable to the RegularBasic Plan premium.
The Cash Value of the units applicable to the Regular Basic Plan premium.
Plus Cash Value of the units applicable to Fund Acceleration Premium (FAP).
Extended Term Assurance:
One of the most flexible feature, which allows the policyholder to pay premiums for a predetermined ETA term and stop premiums for the remaining policy term. This is particularly useful if the policyholder is unable to continue with the premiums but requires the coverage. TheETA option cannot be availed prior to payment of 10 policy years. Riders (if any) will be discontinued once ETA is selected.
Accidental Death and Disability Plus Benefit *: In case of accidental death or disability of the life assured (permanent and total) that makes you permanently disabled. For your family, to cope with this distress, this rider provides an additional lump sum benefit.
Additional Term Assurance: This rider increases the level of life cover by providing an additional amount in the range of
50% to 200% of the Main Plan Sum Assured, in case of death of the Life Assured.
Waiver of Premium: Incase the life assured is unable to follow any occupation due to the sickness or accident, the contribution would be paid by EFU Life.
Life Care Enhanced Benefit: This rider provides a flexible benefit ranging from Rs. 50,000 to sum equivalent to main plan sum assured subject to a maximum of Rs.1.5 million, upon the diagnosis or the occurrence of any 20 covered critical illnesses.
Return Of Premium Benefit: The Return of Premium rider is a unique benefit offered to prospective
EFU Life customers. This rider enhances your coverage by giving you an extra benefit. In an unforeseen event of death of the life assured, the beneficiary will not only receive the death benefit, but will also be able to receive the total amount of paid premium excluding the premium paid for the ROP rider.
Family Income Benefit: This benefit ensures that a monthly income is paid to the family in case of an unfortunate death of the policy holder (insured person) during the plan term.
*Any one accidental rider can be selected.
Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers
Unit link EFU Behtar Kal Child Education & Marriage plan is an investment linked insurance product, that provides
guaranteed level of insurance protection and flexible options to customize the benefits according to your needs. This plan
also has continuation benefit feature which provides a surety that the plan’s premium is paid for in case of an unfortunate event of life assured’s death, while the policy is enforced.
The plan is available to all HabibMetro Bank Limited customers between 18 to 65 years of age.
| Minimum Entry Age | Maximum Entry Age | Minimum Policy Term |
| 18 Years | 65 Years | 10 Years |
The minimum annual basic premium is 20,000/. Customer can pay his/her premium in different mode, Annual, semi-annual, Quarterly and Monthly.*There is no maximum limit for the premium.
If you have surplus cash available at any point of time during the plan term it can be invested in the plan to enhance your cash values. These additional payments in the plan are called Fund Acceleration Premium payments. You can make these payments at any time while the policy is in force.
Basic Premiums are allocated as per the schedule shown below.
| Policy Year | % of Basic Premium Allocated | Allocation Charges |
| Year 1 | 60% | 40% |
| Year 2 | 80% | 20% |
| Year 3 | 90% | 10% |
| Year 4 to 5 | 100% | Nil |
| Year 6 to 10 | 103% | Nil |
| Year 11 and onwards | 105% | Nil |
| Adhoc | 100% | Nil |
Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest HabibMetro Bank Limited branch.
Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the policy inception. The funds available are:
Application charges are as follows:
| Charges | Amount/Rate |
| Administration Charges | PKR 100 Per month |
| Investment Management Charge | 0.125% of the fund value per month. |
| Bid/Offer Spread | 5% of the net regular Contribution |
| Surrender Charge | PKR 500 (100% For the first year) |
| Fund Switching | PKR 500 |
Policyholder has the option to surrender the policy after paying two annualized premiums after completion of two policy years (24 months) and before the completion of policy term, customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.
Continuation Benefit: On death of life assured prior to the maturity of plan, the plan ensures that your child’s future remains secure by its Continuation Benefit. This is built into the plan and ensures that all future premiums are paid by EFU Life following the death of the life assured until the Plan’s maturity date. This means that the funds you had originally planned for your child will still be available for your children.
Maturity Benefit: At the end of the Policy Term, while the policyholder is still alive, the maturity benefit payable will be Cash Value applicable to the regular plan premium Plus Cash Value applicable to FAP payment, if any.
Accidental Death & Disability Plus Benefit: *
In case of accidental death or disability of the life assured, this rider provide an additional lump sum benefits.
Additional Term Assurance: This rider increases the level of life cover by providing an additional amount in the range of 50% to 200% of the Main Plan Sum Assured, in case of death of the Life Assured.
Income Benefit: In the unfortunate event of death of the policy holder/life assured, this additional benefit will provide a quarterly income to your dependents to maintain a decent lifestyle.
Waiver of Premium: Incase the life assured is unable to follow any occupation due to the sickness or accident, the contribution would be paid by EFU Life.
Return Of Premium Benefit: The Return of Premium rider is a unique benefit offered to prospective
EFU Life customers. This rider enhances your coverage by giving you an extra benefit. In an unforeseen event of death of the life assured, the beneficiary will not only receive the death benefit, but will also be able to receive the total amount of paid premium excluding the premium paid for the ROP rider.
Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers
Unit link EFU Life introduces Behtar Kal Ladies Insurance & Investment Plan which is an investment-linked insurance product and regular premium plan that comes with a unique built-in female Life care benefit which is a critical illness protection benefit that provides women coverage of it covered illness.
The plan is available to all HabibMetro Bank Limited customers between 18 to 55 years of age.
| Min Entry Age | Max Entry Age | Min Policy Term |
| 18 Years | 55 Years | 10 Years |
The minimum annual basic premium is 24,000/. Customer can pay his/her premium in different mode, Annual, semi-annual, Quarterly and Monthly.*There is no maximum limit for the premium.
If you have surplus cash available at any point of time during the plan term, it can be invested in the plan to enhance your cash value. These additional payments in the plan are called Fund Acceleration Premium (FAP) payments. You can make these payments at any time while the policy is in force. The minimum FAP payment is Rs. 24,000
Basic Premiums are allocated as per the schedule shown below.
| Policy Year | % of Basic Premium Allocated | Allocation Charge % |
| Year 1 | 60% | 40% |
| Year 2 | 80% | 20% |
| Year 3 | 90% | 10% |
| Year 4 to 5 | 100% | Nil |
| Year 6 to 10 | 103% | Nil |
| Year 11 and onwards | 105% | Nil |
Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest HabibMetro Bank Limited branch.
Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the policy inception. The funds available are:
Application charges are as follows:
| Charges | Amount/Rate |
| Administration Charges | PKR 100 Per month |
| Investment Management Charge | 0.125% of the fund value per month. |
| Bid/Offer Spread | 5% of the net regular premium |
| Surrender Charge | PKR 500 (100% For the first year) |
| Fund Switching | PKR 500 |
Policyholder has the option to surrender the policy after paying two annualized premiums after completion of two policy years (24 months) and before the completion of policy term, customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.
Death Benefit: The unfortunate demise of the participant (covered person) allows the nominated beneficiaries to receive the death benefit as given The greater of the Sum Covered of the plan OR the Cash Value of units against basic Contribution. Plus Cash value of the units applicable against Fund Acceleration Contribution (FAC) payments (If any).
Maturity Benefit: At the end of the Membership Term, the maturity benefit payable will be, The Cash Value of Participant’s Investment Account from basic plan contributions. Plus: The Cash Value from Fund Acceleration Contribution (FAC) in the Participant’s Investment Account (PIA) if any.
Extended Term Takaful: One of the most flexible feature that allows the Participant to pay contribution for a predetermined ETT term and stop contribution for the remaining coverage term. This is particularly convenient if the Participant is unable to continue with the
Contributions but requires the coverage. The ETT option cannot be availed prior to the contribution of 10 membership years. Riders (if any) will be discontinued once ETT is selected.
Lifecare Female Benefit (Built-in):
At the end of the Membership Term, the maturity benefit payable will be, The Cash Value of Participant’s Investment Account from basic plan contributions. Plus: The Cash Value from Fund Acceleration Contribution (FAC) in the Participant’s Investment Account (PIA) if any.
Accidental Death Benefit* If death occurs due to accident; this benefit provides an additional lumpsum benefit.
Accidental Death and Disability Benefit* This rider provides an additional lump sum benefit in case of accidental death or disability.
Accidental Death and Disability Benefit Plus* This rider provides an additional lump sum benefit in case of an accidental death or disability (permanent & total) that makes you permanently disabled.
Additional Term Assurance This rider increases the level of life cover by providing an additional amount in the range of 50% to 200% of the Main Plan Sum Assured, in case of death of the Life Assured.
Family Income Benefit This benefit ensures that a monthly income is paid to the family in case of an unfortunate death of the policy holder (insured person) during the plan term.
Return of Premium Benefit The Return of Premium rider is a unique benefit offered to prospective EFU Life customers. This rider enhances your coverage by giving you an extra benefit. In an unforeseen event of death of the life assured, the beneficiary will not only receive the death benefit, but will also be able to receive the total amount of paid premium excluding the premium paid for
the ROP rider.
Waiver of Premium benefit In case the life assured is unable to follow any occupation due to the sickness or accident, the premium would be paid by EFU Life.
Any one accidental rider can be selected
Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers.
EFU Life – Window Takaful Operations brings to you EFU Takaful Asaan Bachat Plan (Savings Plan). A plan that gives you financial security for your family with investment in Shariah complaint portfolio and rewards you with a lifestyle you have dreamt. This plan is an economic way of achieving your financial objective without compromising on religious values.
Death Benefit: In case of an unfortunate event of death during the Membership term, the Takaful benefit will be payable as follows:
Maturity Benefit: At the end of the membership term and whilst the participant is alive, the maturity benefit will be payable as follows:
Year-wise allocation percentages of the participant’s contribution are shown in the table below:
| Year | Allocation (%) |
|---|---|
| Year 1 | 55% |
| Year 2 | 80% |
| Year 3 | 90% |
| Year 4 to 5 | 100% |
| Year 6 to 10 | 103% |
| Year 11 to 25 | 105% |
Note: For a better understanding in making your selection according to your savings and needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.
The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 65 years of age.
In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where policy is active. The minimum FAC payable is PKR 20,000 per payment.
You can save up to 20% of your taxes and get takaful coverage. On EFU Life website, you can use tax credit calculator to find the amount you can save. For more details visit below link:
https://www.efulife.com/m/taxcalculator/indexCopy.php
In case of an unfortunate event, you may file your claim intimation through any HMB Branch walk in (in case of Bancassurance Policies), visiting the EFU Head Office or by visiting any of the EFU branches in the country. For a swift speedy process, you may also call us at our call center (021-111-338-436) or simply
visit our website, fill in the intimation form and email it to us at cod@efuhemayahtakaful.com. Thereafter, you will be contacted for next steps.
This product is underwritten by EFU Life – Window Takaful Operations.It is not guaranteed or insured by or its affiliates and is not a product of Habib Metropolitan Bank. Hence EFU Life – Window Takaful
Operations is responsible for all underwriting risk.
Unit link EFU Life – Window Takaful Operations brings to you Efu Takaful Kamyab Mustaqbil Plan In order to give better education and dream marriage to your children you put all your effort and want them to achieve 100% success in every challenge that they will be facing in future. you will require a suitable financial plan that ensures you don’t compromise on your goals of your child’s future. EFU Life – Window Takaful Operations presents EFU Takaful Kamyab Mustaqbil Plan (Education & Marriage plan) which will help you to save systematically so that you can secure your child’s future needs.
The plan is available to all HabibMetro Bank Limited customers between 18 to 65 years of age.
| Min Entry Age | Max Entry Age | Min Policy Term |
| 18 Years | 65 Years | 10 Years |
The minimum annual basic Contribution is 20,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly.*There is no maximum limit for the Contribution.
In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where Membership is active. The minimum FAC payable is PKR 20,000 per payment. 100% of FAC payment is allocated to purchase units.
Basic Contributions are allocated as per the schedule shown below.
| Policy Year | % of Basic Premium Allocated | Allocation Charges |
| Year 1 | 60% | 40% |
| Year 2 | 80% | 20% |
| Year 3 | 90% | 10% |
| Year 4 to 5 | 100% | Nil |
| Year 6 to 10 | 103% | Nil |
| Year 11 and onwards | 105% | Nil |
Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest HabibMetro Bank Limited branch.
Membership holder has no option to select a unit fund based on his risk preferences and investment objective at the Membership inception. The funds available are:
Application charges are as follows:
| Charges | Amount/Rate |
| Administration Charges | PKR 135 Per month |
| Investment Management Charge | 0.125% of the fund value per month. |
| Bid/Offer Spread | 5% of the net regular Contribution |
Continuation Benefit: In the unfortunate event of death prior to the maturity of the plan, you would want to make sure that the future plans for your children are still fulfilled. The Continuation Benefit which is built into
the plan will ensure that all future contributions will be paid by the PTF following the participant’s death until the plan’s maturity date. This means that the funds that you had planned for will still be available for your children.
Maturity Benefit: At the end of the membership term and whilst the participant is alive, the maturity benefit will be payable as follows: The Basic cash value of Participant’s Investment Account (PIA) Plus The cash value from Fund Acceleration Contributions in the Participant’s Investment Account.
Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.
Takaful Accidental Death and Disability Plus Benefit*: This rider provides an additional lump sum benefit in case of an accidental death or disability (permanent & total) that makes you permanently disabled.
Takaful Income Benefit: This benefit ensures that a monthly income is paid to the family in case of the unfortunate death of the participant during the plan term.
Pilgrimage Benefit During the Plan term, if the Participant travels for religious pilgrimage, EFU Life – WTO offers coverage on death due to an accident while performing pilgrimage (Hajj, Umrah or Ziarat- religious journey etc.) The coverage under this accidental benefit will be 100% of the Main Plan Sum Covered, subject to a maximum limit of PKR 1,000,000. This feature will be applicable for an additional period of 13 months from the date of maturity or from the date of full surrender.
Takaful Waiver of Contribution Benefit:
In case the individual is unable to follow his/her occupation due to disability because of sickness or accident, the contribution of the plan would be made by WAQF Fund/PTF managed by EFU Life-WTO.
Takaful Return of Contributions Benefit The Return of contribution Benefit is a unique rider offered to prospective EFU Hemayah Takaful participants. This rider enhances your coverage by giving you an extra benefit. In an unforeseen event of death of the life covered, the beneficiary will not only receive the death benefit, but will also be able to receive the total amount of paid contribution as a benefit from the Waqf fund (PTF) excluding the contribution paid for the ROCB rider.
Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers
Unit link EFU Life introduces Behtar Kal Ladies Takaful & Investment Plan which is an investment-linked insurance product and regular Contribution plan that comes with a unique built-in female Life care benefit which is a critical illness protection benefit that provides women coverage of it covered illness.
The plan is available to all HabibMetro Bank Limited customers between 18 to 55 years of age.
| Min Entry Age | Max Entry Age | Min Policy Term |
| 18 Years | 55 Years | 10 Years |
The minimum annual basic Contribution is 24,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly. *There is no maximum limit for the Contribution.
If you have surplus cash available at any point of time during the plan term, it can be invested in the plan to enhance your cash value. These additional payments in the plan are called Fund Acceleration Contribution payments. You can make these payments at any time while the membership is inforce. The minimum FAC payment is Rs. 24,000
Basic Contributions are allocated as per the schedule shown below.
| Policy Year | % of Basic Premium Allocated | Allocation Charges |
| Year 1 | 60% | 40% |
| Year 2 | 80% | 20% |
| Year 3 | 90% | 10% |
| Year 4 to 5 | 100% | Nil |
| Year 6 to 10 | 103% | Nil |
| Year 11 and onwards | 105% | Nil |
Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest HabibMetro Bank Limited branch.
Membership holder has no option to select a unit fund based on his risk preferences and investment objective at the Membership inception. The funds available are:
Application charges are as follows:
| Charges | Amount/Rate |
| Administration Charges | PKR 135 Per month |
| Investment Management Charge | 0.125% of the fund value per month. |
| Bid/Offer Spread | 5% of the net regular Contribution |
Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.
Death Benefit: The unfortunate demise of the policy holder (insured person) allows the nominated beneficiaries to receive the death benefit as given: Greater of sum assured of the main plan OR Cash value of the units
applicable to the regular basic plan premium (whichever is higher). Plus: Cash value of the units applicable against Fund Acceleration Premium (FAP) payments (if any).
Maturity Benefit: At the end of the Policy Term, the maturity benefit payable will be, The Cash Value of the units allocated against the basic plan premium. Plus: The Cash Value of units allocation against FAP (if any)
Extended Term Assurance: One of the most flexible feature, which allows the policyholder to pay premiums for a predetermined ETA term and stop premiums for the remaining policy term. This is particularly useful if the policyholder is unable to continue with the premiums but requires the coverage. The ETA option cannot be availed prior to payment of 10 policy years. Riders (if any) will be discontinued once ETA is selected.
Built-In Lifecare Female Benefit:
Lifecare female benefit provides you with a lump-sum in case of occurrence of any covered women centric critical illness (including women specific cancers). On diagnosis of any such covered critical
illness, the Life Assured will be entitled to an additional benefit subject to the attached endorsement and the main plan policy terms and conditions. Coverage is provided for female organ cancers such as breast, uterus,
cervix uteri, ovary, fallopian tube, vagina and vulva. In addition, severe osteoporosis and rheumatoid arthritis are also covered.
Accidental Death Benefit*: If death occurs due to accident; this benefit provides an additional lumpsum benefit.
Accidental Death and Disability Benefit*: This rider provides an additional lump sum benefit in case of accidental death or disability.
Accidental Death and Disability Benefit Plus*: This rider provides an additional lump sum benefit in case of an accidental death or disability (permanent & total) that makes you permanently disabled.
Additional Term Assurance: This rider increases the level of life cover by providing an additional amount in the range of 50% to 200% of the Main Plan Sum Assured, in case of death of the Life Assured.
Family Income Benefit: This benefit ensures that a monthly income is paid to the family in case of an unfortunate death of the Membership holder (insured person) during the plan term.
Return of Contribution Benefit: The Return of Contribution rider is a unique benefit offered to prospective EFU Life customers. This rider enhances your coverage by giving you an extra benefit. In an unforeseen event of death of the life assured, the beneficiary will not only receive the death benefit, but will also be able to receive the total amount of paid Contribution excluding the Contribution paid for
the ROP rider.
Waiver of Contribution benefit: In case the life assured is unable to follow any occupation due to the sickness or accident, the Contribution would be paid by EFU Life.
Pilgrimage Benefit: During the Plan term, if the Participant travels for religious pilgrimage, EFU Life -WTO offers coverage on death due to an accident while performing pilgrimage (Hajj, Umrah or Ziarat- religious journey etc.) The coverage under this accidental benefit will be 100% of the Main Plan Sum Covered, subject to a maximum limit of PKR 1,000,000. This feature will be applicable for an additional period of 13 months from the date of maturity or from the date of full surrender.
*Any one accidental rider can be selected
Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers
EFU Takaful Mustahkim High Value Saving Plan offers Shariah-compliant investment options for high value individuals seeking financial stability and long-term savings. With higher unit allocation and attractive returns, this plan provides growth and flexibility to meet unique financial goals. Participants can also add extra protection through additional benefits, making it the ultimate combination of saving and life coverage.
The participant should be between 18 and 65 years old. The term of the Takaful membership can vary between 10 and 25 years; subject to a maximum age of 75 at maturity.
The minimum annual basic Contribution is 250,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly.*There is no maximum limit for the Contribution.
In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where Membership is active. The minimum FAC payable is PKR 250,000 per payment. 100% of FAC payment is allocated to purchase units.
Basic Contributions are allocated as per the schedule shown below.
| Policy Year | % of Basic Premium Allocated | Allocation Charges |
| Year 1 | 80% | 20% |
| Year 2 | 85% | 15% |
| Year 3 to 4 | 95% | 5% |
| Year 5 to 9 | 100% | Nil |
| Year 10 and onwards | 103% | Nil |
Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest HabibMetro Bank Limited branch.
Membership holder has no option to select a unit fund based on his risk preferences and investment objective at the Membership inception. The funds available are:
Application charges are as follows:
| Charges | Amount/Rate |
| Administration Charges | PKR 175 Per month |
| Investment Management Charge | 0.125% of the fund value per month. |
| Bid/Offer Spread | 5% of the net regular Contribution |
Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.
Death Benefit: In case of an unfortunate event of death during the Membership term, the Takaful benefit will be payable as follows: The greater of the Sum Covered OR Cash Value of units against basic contribution Plus The Cash Value of units allocated against the Fund Acceleration Contributions.
Maturity Benefit: At the end of the membership term and whilst the participant is alive, the maturity benefit will be payable as follows: The Basic cash value of Participant’s Investment Account (PIA) Plus The cash value from Fund Acceleration Contributions in the Participant’s Investment Account.
PRIMUS Benefits
EFU Life presents PRIMUS – an exclusive class of service excellence tailored to deal with life’s continually evolving
scenarios. Hemayah PRIMUS is meant for our high-net-worth clients and gives them an experience beyond the ordinary and
provides them with personalized services. Participants of the High Value Savings Plan can avail the impressive PRIMUS
benefits. For details, you can access primus.efuhemayahtakaful.com.
One of the most flexible feature that allows the Participant to pay contribution for a predetermined ETT term and stop contribution for the remaining coverage term. This is particularly convenient if the Participant is unable to continue with the Contributions but requires the coverage. The ETT option cannot be availed prior to the contribution of 10 membership years. Riders (if any) will be discontinued once ETT is selected.
Takaful Accidental Death Benefit*: This benefit provides an additional lump sum benefit on accidental death of the participant.
Takaful Accidental Death and Disability Plus Benefit*: This rider provides an additional lump sum benefit in case of an accidental death or disability (permanent & total) that makes you permanently disabled.
Takaful Family Income Benefit: This benefit ensures that a monthly income is paid to the family in case of the unfortunate death of the participant during the plan term.
Additional Term Takaful: This benefit increases the level of Takaful cover by providing an additional amount in case of death of the participant.
Takaful Waiver of Contribution Benefit: In case the individual is unable to follow his/her occupation due to disability because of sickness or accident, the contribution of the plan would be made by WAQF Fund/PTF managed by EFU Life-WTO.
*only one of the Accidental Death Benefit can be selected.
Pilgrimage Benefit: During the Plan term, if the Participant travels for religious pilgrimage, EFU Life – WTO offers coverage on death due to an accident while performing pilgrimage (Hajj, Umrah or Ziarat- religious journey etc.) The coverage under this accidental benefit will be 100% of the Main Plan Sum Covered, subject to a maximum limit
of PKR 1,000,000. This feature will be applicable for an additional period of 13 months from the date of maturity or from the date of full surrender.
Takaful Return of Contributions Benefit: The Return of contribution Benefit is a unique rider offered to prospective EFU Hemayah Takaful participants. This rider enhances your coverage by giving you an extra benefit. In an unforeseen event of death of the life covered, the beneficiary will not only receive the death benefit, but will also be able to receive
the total amount of paid contribution as a benefit as a benefit from the Waqf fund (PTF)
excluding the contribution paid for the ROCB rider.
Takaful Waiver of Contribution Benefit: In case the individual is unable to follow his/her occupation due to disability
because of sickness or accident, the contribution of the plan would be made by
WAQF Fund/PTF managed by EFU Life- WTO.
*only one of the Accidental Death Benefit can be selected.
Habib Metropolitan Bank is just a promoter/ distributor and corporate takaful agent of this product to its valued participants.
