Insurance Solutions

My Child’s Future Plan

Parenthood is a wonderful experience but also brings its own set of apprehensions and worries. Securing the future of your children is the first step you can take to ensure their happiness. This financial plan is an Insurance and Investment package to secure your child’s future.

Key Benefits

  • This plan allows you to save for your child on a regular and long term basis.
  • The premium contributed is allocated to Insurance and Investment with 100% premium allocation from the third year of policy.
  • Your savings are invested in the EFU Managed Growth Fund managed by their investment experts who ensure that your savings are secured and well managed.
  • All your invested premiums are completely secured. This means at maturity of the plan you always get the higher of your total contributions or cash value of the policy.
  • The plan makes sure that your final objective of accumulating regardless of any unforeseen eventualities.
  • In the event of death of the policy holder, EFU Life continues to make full contributions towards the plan so that the future of the child is secure.

Built-in Benefit Riders

Additional Term Assurance

It provides life protection according to the choice i.e.

• PKR 250,000 /- • PKR 500,000 /-
• PKR 750,000 /- • PKR 1,000,000/-

Waiver of Premium

In case the life assured is unable to follow any occupation due to sickness or accident, the contribution of the plan would be made by EFU Life.

Income Benefit

In case of death of policy holder, the plan offers financial assistance to the beneficiary in the form of quarterly cash disbursement of:

• PKR 9000/- • PKR 15,000/- • PKR 18,000/-

Unit Accumulation and Investment Fund

Every contribution paid towards the plan is invested in an internal investment fund of EFU Life Assurance called “EFU Managed Growth Fund”. The contributions are utilised to buy units of the fund at the prevailing offer price. The objective of the Fund is to maximise capital growth by investing in a balanced portfolio spread across a wide range of high dividend yield shares, government and other fixed income securities and cash. The Fund is managed by investment experts who adjust the mix of the underlying investments in light of economic conditions and investment opportunities.

Unit Allocation

Policy Year

Allocation Percentage

1 35%
2 85%
3 100%
4 to 10 103%
11 to 15 105%
16 onwards 107%

Fourth year onwards, you will get extra Unit Allocation as Loyalty Bonus.

Fund Acceleration Premium (FAP)

A customer can make extra contribution (additional to the decided premium) which would have a positive impact on the cash value of the plan.

Maturity Bonus

As an added benefit, you will receive an additional bonus of an extra 10% of average basic plan premium if you get a plan that is up to 15 years in term. For all plans with a term of 16 years and above, the maturity bonus increases to 20% of the average basic plan premium. It is over and above the Unit Allocation mentioned above.

Sample Illustration


Policy Year

@7% p.a. Rate of Return

@9% p.a. Rate of Return

@11% p.a. Rate of Return

Cash Value of Regular Premium

Cash Value of Regular Premium

Cash Value of Regular Premium





















*The Rate of Return assumptions mentioned in the above table are before deduction of the Fund Investment Management charges. These charges have been deducted from the Rate of Return assumptions prior to determining the Illustrative Values in the tables.

Customer Age: 30 years
Gender: Male
Policy Term: 25 years
Basic Premium: PKR 92,041 annually
Built-in Additional Term Assurance: PKR 750,000
Built-in Income Benefit: PKR 18,000
Built-in Waiver of Premium
Total Premium : PKR 100,000

Optional Benefits

Accidental Death and Disability Benefits

This Benefit provides funds in case the life assured dies due to accidental cause or suffers from a disability.

Accidental Death Benefit

In case of accidental death of the customer, the plan provides an immediate fund.


This plan is available to all Faysal Bank customers aged between 18 to 65 years.

Term of Plan

Minimum Term: 10 years
Maximum Term: 25 years subject to a maximum age of 75 years at maturity.

Payment Frequency

Payments can be made annually, semi-annually, quarterly or monthly. All payments are automatically deducted from your bank account with Faysal Bank Limited.

Premium Limit

Minimum: PKR 24,000/- annually
Maximum: No Limit

Access to Savings

You are allowed to completely or partially withdraw your allocated funds from the policy based on your cash value after the initial two years of premium contributions.

Free Look Period

EFU Life offers a Free Look Period of 14 days during which you can review your policy Terms and Conditions and cancel the policy if needed. Your premium will be refunded on receipt of written request within 14 days from the date of receipt of the policy document. Please note that EFU Life reserves the right to deduct the expenses incurred on medical examination.

Where can I get information about EFU Life Assurance Fund unit prices?

Unit prices of EFU Life’s Fund(s) are published on the EFU Life website at:


  • This product is underwritten by EFU Life Assurance Ltd. It is not guaranteed or insured by Faysal Bank Limited or its affiliates and is not a Faysal Bank Limited product.
  • The Bank is only acting as a distributor of the policy on behalf of the Insurance Company.
  • The contributions in the plan are invested in EFU Managed Growth Fund.
  • The cash values have been worked out with Rate of Return assumptions of 7%, 9% and 11% per annum.
  • Depending upon the performance of the underlying investments in the fund, the cash values may be higher or lower than the ones shown in the table.
  • The past performance of fund is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of future or likely performance of the funds and neither EFU Life Assurance Ltd., nor Faysal Bank Limited will incur any liability for the same.
  • A personalised illustration of benefits will be provided to you by our sales representative. Please refer to the notes in the illustration for a detailed understanding of the various Terms and Conditions.
  • All service charges and taxes will be applicable as per the Bank’s “Schedule of Charges” and taxation laws as stipulated by the relevant authorities.
  • A description of how the contract works is given in the policy provisions and conditions. This product’s brochure only gives a general outline of the product’s features and benefits and the figures used above are indicative and for illustration purposes only.

My Child’s Future Plan (Urdu) Click Here


37 – K, Block 6, PECHS, Karachi – 75400
Tel: (021) 111-EFU-111 (111-338-111)
Fax: (021) 34535079
Client Services: (021) 111-EFU-CSD (111-338-273)
Email: [email protected], [email protected]