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EFU Better Life Shaheen Plan
EFU BetterLife Bancassurance
EFU BetterLife Signature Plan by EFU Life is not only a multipurpose savings and investment vehicle but provides valuable life insurance coverage as well.

EFU Better Life Shaheen Plan

EFU Life presents EFU Better Life Shaheen Plan which is an investment-linked insurance product and a plan with a competitive and higher allocations that provides valuable benefits to the customers. The funds accumulated during the savings term can be utilized for future financial objectives, whether it is about children’s education or marriage, buying a house, starting a business or to save for the future. This plan provides valuable coverage as well as the opportunity to accumulate savings on a medium to long term basis.

  EFU Better Life Shaheen Plan
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

Minimum/Maximum Age at Entry 18-65 years age next birthday
Maximum Age at Maturity 75 years age next birthday
Available Term & Payment Range 10-57 years
Minimum Annual Premium 250,000 per annum
Unit Allocation as % of Basic Plan Premium
Policy Years Unit Allocation % Allocation Charges**
Year 1 70% 30%
Year 2 85% 15%
Year 3 - 5 100% 0%
Year 6 - 10 103% 0%
Year 11 & onwards 105% 0%

*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.

Cover Multiple 5-75
Sum Assured Protection Multiple *Annual Basic Plan Premium  
Premium Payment Mode Yearly, Half-Yearly, Quarterly & Monthly
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 Partial Surrender Benefits You can withdraw any amount, to meet a sudden need, without surrendering your policy. Partial surrender is allowed subject to Rs. 250,000 remaining in the fund.
Policy Surrender Option You may surrender your plan after the 2nd year’s premium is paid. At the time of surrender, you will be paid in full the cash value of your fund. However surrender in early membership years may result in lower cash value.
Ad Hoc Premium Allowed anytime during the policy term
Death Benefit Sum Covered or Cash value of units, whichever is higher
Maturity Benefit At the end of the term of the plan, you will receive the cash value accumulated during the term of the plan.
Optional Riders Accidental Death Benefit, Accidental Death and Disability Benefit, Accidental Death and Disability Benefit Plus,Life Care Benefit Plus, Medical Recovery Benefit, Hospital Care Plus, Waiver of Premium Benefit, Additional Term Assurance Rider, Family Income Benefit Rider

*Any one of the three accidental death benefits can be selected at a time.

Primus All Benefit of Primus will be available to EFU Shaheen Plan customer with Annual premium of Rs. 250,000 & above.
Applicable Charges Bid/Offer Spread: 5%

Investment Management Charge: 0.125% of the fund value per month

Administration Fee: Rs. 180 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.