An educational institute is a second home to a child, grooming, educating, and protecting the child just as parents do. Therefore, educational institutions are integral to shaping the child’s future. It thus becomes a responsibility of a parent as well as the education institution to ensure continued education of a child. Should the unfortunate happen, this dream could become unachievable. Through this Plan, EFU Life takes up this crucial responsibility and arranges the continuation of providing quality education should any unfortunate event occur.
The fee continuation plan can be taken up by schools as well as colleges, universities and all types of educational institutes. This plan offers the following:
The EFU Group Family Takaful Fee Continuation Plan gives institutions 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 covered if the permanent and total disability by accident prevents the parent/ guardian from following his own occupation or any other similar occupation for which he is reasonably suited by reason of education, training or experience.
The benefit provides for the full payment of the basic sum covered if the permanent and total disability by accident prevents the parent/ guardian from following his occupation or any other occupation.
This benefit provides for the payment of the full sum covered if permanent disability is caused by natural causes.
The basic data requirement from the institute is the fee schedule for each grade and the number of students studying for the respective grade. Comprehensive data of a parent/guardian for each student shall be required i.e. name, date of birth and CNIC number.
New students and school-leavers may be adjusted on a monthly basis in the Plan.
At EFU Life we strive to provide you excellent services and serve you beyond your expectations. Having a friendly customer service and a dedicated consultant 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: