Your home is more than just a structure, it's where your memories are made and that is why protecting it matters. Introducing EFU Mehfooz Ghar Takaful Plan, a protection solution for your Home, offered by Faysal Bank Ltd under distribution agreement with EFU General - Window Takaful Operations, a Shariah Compliant protection plan designed to ensure the safekeeping of your Home EFU Mehfooz Ghar Takaful Plan provides robust coverage that safeguards your valuables, ensuring that your Home is shielded from unforeseen events with a solution you can trust.
Features
High coverage of Home structure, contents along with Cash and Jewelry
Substantial coverage amount option upto 100 Million
Comprehensive coverage against Fire, Theft, Riots, Explosion and Natural Disasters
Takaful-based model ensuring ethical and Shariah-compliant practices
Eligibility Criteria
FBL Noor Card & FBL Account Holders Only
No Age Limit
The Coverage Details are mentioned below:
Home Structure Cover
It comprises 60% of Sum Takaful Limit. Refers to the structure of home (excluding plinth, pavement and foundation)
Home Contents Cover
It comprises of 30% of Sum Takaful Limit. Refers to the possessions and valuables within home premises
Cash and Jewelry Coverage
It comprises of 10% of Sum Takaful Limit Refers to cash and jewelry within home premises or while in transit.
Contribution Amount:
Gross Contribution Rate
Coverage Range
0.295%
PKR 5 Million to PKR 50 Million.
0.315%
Upto PKR 100 Million
The above mentioned rates are exclusive of government taxes and levies, i.e. Administrative Surcharge of 5% with minimum of PKR 500/- and maximum of PKR 5,000/-, Sales Tax (Province wise: Sindh 15%, Punjab and Federal 16% and KPK 15%), Federal Takaful Fee of 1% and Stamp Duty of PKR 500/-
Claim Process
Submit filled claim form and supporting documents.
EFU General-WTO will scrutinize claim documents.
Registered claim and appoint loss adjuster.
Loss adjuster will acquire documents/ information.
Loss adjuster will submit report to EFU General-WTO.
Claim declined/ settled as per case scenario.
In case of any loss, please notify immediately to Faysal Bank or EFU General-WTO but not later than 30 days from the happening of the loss on below contact points:
EFU General Insurance Limited - Window Takaful Operations
Address: Kashif Center, 1st Floor, Shahrah-e-Faisal, Karachi
Faysal Bank Limited (“FBL”) is acting as a distributor of the EFU’s Mehfooz Ghar Takaful Plan, on behalf of the EFU General Insurance Limited - WTO (“Takaful Operator”) and shall not be held responsible/liable in any manner for settling claims emanating from this Scheme or for the approval or rejection of any claim by EFU General Insurance Limited – WTO.
EFU’s Mehfooz Ghar Takaful Plan is designed, underwritten and issued by EFU General - WTO. It is not guaranteed or issued by “Bank” or its affiliates and is not a product of the Bank.
All EFU’s Mehfooz Ghar Takaful Plan applications are processed and approved by EFU General Insurance Ltd - WTO, as per their underwriting guidelines. “Bank” is not responsible for processing and approval of these applications in any way, whatsoever.
The Covered Person’s statement of account/application form or recorded verbal statement and Declarations will act as their enrollment under the program (if their account is charged under the program) and will govern the determination of the rightful beneficiary under this Takaful coverage.
It is clarified that the Bank shall not, under any circumstances, be liable either directly or indirectly for any obligation of the Takaful Company, with respect to any coverage offered to the customer under Participant Membership Document. The Participant Membership Document shall constitute as an individual contract between the Takaful Provider and the customer.
This product brochure only gives a general outline and introduction of the benefits available under the Participant Membership Document. For exact terms and conditions, please refer to the PMD (Participation Membership Document).
EFU’s Mehfooz Ghar Takaful is issued and subject to terms and conditions set by EFU General - WTO. The bank acts as a Corporate Takaful/Distribution Agent of EFU General - WTO and will not be responsible for any application or claim rejections nor investigate or provide opinions on the merits of claims.
For any service-related complaints, you may contact FBL Contact Centre at (021) 111 06 06 06 or visit any nearest FBL Branch or email at [email protected]
If you have any grievances regarding your Takaful Cover, you may contact EFU General - WTO on the below contact information:
EFU General Insurance Limited - Window Takaful Operations
Central Division
Kashif Centre, 1st Floor, Shahrah-e-Faisal, Karachi
Tel: 021-35640535, 021-35653907, Ext: 214, 257
Fax: 021-35653909
Email: [email protected]
Frequently Asked Questions:
The plan provides coverage for:
Home Structure: Covers 60% of the sum takaful limit, including the structure of the home (excluding plinth, pavement, and foundation).
Home Contents: Covers 30% of the sum takaful limit, including possessions and valuables within the home premises.
Cash and Jewelry: Covers 10% of the sum takaful limit, including cash and jewelry within the home premises or while in transit.
The EFU-Mehfooz Ghar Takaful Plan covers a wide range of hazards, including:
Fire and lightning
Riots and strikes damage
Malicious damage
Explosion
Earthquake
Atmospheric disturbances
Aircraft damage
Impact damage
Burglary (carryable items only)
War, Terrorism and any other political risk unless otherwise specifically covered.
Nuclear Risks
Cyber Risks
Sanction Limitation
Communicable Disease
The risk of Atmospheric disturbance is excluded in 2nd class and in open sided shed.
Yes, there is a 14-day free look-in period during which you can review the terms and conditions of the plan. If you decide to cancel within this period, your contribution amount will be fully refunded, provided no claim has been made.
You can enroll in the plan through placing your request at either contact your Branch or call FBL Contact Center Centre at 111 06 06 06.
The EFU-Mehfooz Ghar Takaful Plan offers coverage throughout Pakistan.
This product has been designed especially for Faysal Bank customers and can only be availed through Faysal Bank at the stated price and coverage.
