UBL Tezraftaar brings your loved ones residing abroad close to you!

For More details click here

EFU Better Life Savings Plan
EFU Life Assurance Limited
EFU BetterLife Savings Plan is a high value savings and investment vehicle. Funds accumulated during the savings term can be utilized for children’s higher education, marriage, buying a house, generating retirement income or for any other purpose.

EFU Better Life Savings Plan

EFU Better Life Savings Plan is an investment-linked insurance product which is a savings and investment vehicle. Funds accumulated during the savings term can be utilized for children's higher education, marriage, generating retirement income or for any other purpose. The plan is flexible enough to respond to most individuals' needs. It is a unit-linked plan which aims to deliver a substantial sum of money at the end of the savings period. The additional benefit of course comes in the form of life insurance cover.

  EFU Better Life Child Savings Plan
Minimum/Maximum Age at Entry 18 - 65 years age next birthday
Maximum Age at Maturity 75 years age next birthday
Available Term & Payment Range 10 - 40 years
Minimum Annual Premium 15,000 per annum
Unit Allocation as % of Basic Plan Premium
Policy Years Unit Allocation % Allocation Charges**
Year 1* 57.5% 42.5%
Year 2 80% 20%
Year 3 90% 10%
Year 4 - 5 100% 0%
Year 6 – 10 103% 0%
Year 11 and onwards 105% 0%

*First year allocation is valid from 1st July 2023 to 30th June 2024.

**An allocation charges will be deducted from the Paid Premium every year as per the above table and the remainder will be allocated to the account value.

Premium Payment Mode Yearly, Half-Yearly, Quarterly & Monthly
Sum Assured Regular Basic Plan Annual Premium x Term [For ages greater than 60 years, the Sum Assured is 5 times the Annual Premium]
Disclosure of Product This is a life insurance product which has two distinct elements i.e., Insurance Protection and Investment. The Investment Component is linked to the performance of underlying assets under unit linked fund(s).
Free Look Period If you cancel your policy within free look period of 14 days from the date of the documents receipt, you are entitled for a full refund of premium less any expenses incurred by EFU Life in connection with our medical or clinical examinations.
Partial Surrender Benefits Bid Value of Units requested for Partial Withdrawal. Amount of Partial Surrender may be subject to minimum amount and residual value determined by the Company.
Policy Surrender Option Allowed, provided that two annual premiums have been paid by the policy owner
Ad Hoc Premium Allowed anytime during the policy is in-force Ad hoc - 100%
Death Benefit Sum Assured or Cash Value of units, whichever is higher Plus Cash Value of the units applicable to FAP
Surrender Benefit – Preferable at the maturity (available after payment of two years premium) Bid value of units at time of surrender
Optional Riders/Built in Accidental Death and Disability Benefit Plus (built-in) Waiver of Premium (built-in) Additional Term Assurance Family Income Benefit Life Care Plus Benefit
Applicable Charges Bid/Offer Spread: 5%
  Investment Management Charge: 0.125% of the fund value per month
  Administration Fee: Rs. 90 per month
  Mortality Charge (Cost of Insurance): An age-based mortality charge applies for the life insurance risk each year and is dependent on the sum at risk. No mortality charges applies in years where the cash value exceeds sum assured. Fund Switching Fee: PKR 500/-
Surrender Processing Fee: PKR 500/-
Surrender Charge: 100% for the first year
Allocation charges: As per the above Unit Allocation table
Claim In case of an unfortunate event, you may file your claim intimation through any UBL Branch walk in, 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 (021-111-338-111) or simply visit our website, fill in the intimation form and email it to us at Thereafter, you will be contacted for next steps.
Investment Fund
  • EFU Managed Growth Fund - (Fund Categorization: Balanced, Risk Profile: Medium)
  • EFU Guaranteed Growth Fund* – (Fund Categorization: Money Market Fund, Risk Profile: Low)
  • EFU Income Growth Fund and – (Fund Categorization: Income Fund, Risk Profile: Low)
  • EFU Aggressive Growth Fund (Fund Categorization: Aggressive, Risk Profile: High)

*GGF to be selected by default