Faysal Bank offers EFU Noor Takaful through a distribution agreement with EFU Life Assurance to its Faysal Islami Noor Card customers. With this protection cover, you are now able to attain peace of mind in case of any unforeseen situations. In the event of Permanent Total Disability, Temporary Total Disability, Terminal Illness, Critical Illness or Death due to any cause (subject to the exclusions), the outstanding balance on Faysal Islami Noor Card will be waived to avoid any inconvenience to your loved ones.
Features
Takaful coverage on total outstanding card balance plus credit charges maximum period of 2 months.
Maximum coverage up to PKR 3,000,000
Minimum monthly contribution amount 0.69% of your monthly outstanding balance
Eligible Customers
FBL Card
FBL Noor Takaful Card
Age Limit
18 - 69 Years
Limit Covered
Upto 3,000,000
Health Condition
No Prior Chronic Disease
Coverages Details
COVERAGE*
DESCRIPTION
COVERAGE AMOUNT*
Death Benefit
Indebtedness at the time of death including death from Covid-19.
Payment of closing outstanding balance of the last billing statement
Additional Accidental Death Benefit
In events of accidental death, an additional amount equal to the death benefit will be paid to
grieved family.
Additional amount equal to Death Benefit
Terminal illness
A medical condition due to which life span of the card member being reduced to a period less than six
months.
Payment of closing outstanding balance of the last billing statement
Temporary Total Disability
In the unfortunate event of prolonged illness, or temporary disability exceeding 45 days.
Continuation of minimum monthly payment up to 12 months.
Permanent Total Disability
In the unfortunate event of prolonged illness, or permanent disability exceeding 180 days.
Payment of closing outstanding balance on the last billing statement
Critical Illness
If covered cardholder suffers from or undergoes any one of 10 specified critical illnesses.
Payment of closing outstanding balance on the last billing statement
Contribution Amount
Contribution charges are only 0.69% of your monthly outstanding balance of your Faysal Bank Noor card as of the statement date.
Claim Process
For claims, please contact EFU Life - WTO. – Claims Department on (021) 111-EFU-111 (111-338-111) from anywhere in Pakistan or send an email to [email protected]. Intimation to be done within 90 days of the occurrence of Death or Permanent Total Disability
Written notice of claim must be given to EFU Life immediately but in any case, not later than 90 days after occurrence of event. All claims will be subject to such discharge, evidence of claim and proof of age of the covered member as EFU Life may require.
Following documents shall be required in case of claims:
Copy of death certificate issued by union council or NADRA
Copy of National Identity Card
Claimant’s Statement
Disability Claim Form
Attending Physician’s Report
Card account statement
Cover note stating the sum cover
Postmortem report, if conducted
Copy of FIR/Police Report, if lodge
Any other requirement deemed to be necessary
Disclaimer
EFU Noor Takaful Plan is a Takaful product underwritten, issued and subject to the terms and conditions set by EFU Life Assurance Limited - WTO.
EFU Noor Takaful Plan is not a bank product.
EFU Noor Takaful Plan is only the name of the product and does not indicate, in any way, the quality of the product.
Faysal Bank is acting as the distributor of the EFU Noor Takaful Plan on behalf of EFU Life Assurance Limited -WTO. Faysal Bank will not be responsible in any manner if EFU Life Assurance Limited - WTO rejects your application or claim nor will it investigate or provide any opinion on merits of the claim.
If you have any grievance regarding your Plan Coverages, you may contact EFU Life Assurance – WTO on (021) 111-EFU-111 (111-338-111) or for any service related complaints, you may call FBL Contact Centre at 111 06 06 06 or can contact your nearest branch.
Frequently Asked Questions (FAQ's)
Below is the list of 10 critical illness covered under the Plan
Cancer
Heart Attack
Stroke
Coronary Artery
Renal Failure
Major Organ Transplantation
Paralysis
Blindness
Multiple Sclerosis
Deafness
Note: Exclusions under the above critical illness are mentioned in the Brochure
This benefit provides Takaful cover against death of insured card member by natural or accidental cause.
This benefit provides Takaful cover against death of insured card member by accidental causes. This is in addition to basic death cover.
If a Covered Member becomes permanently and totally disabled due to accidental or natural causes, Participant Takaful Fund/Waqf Fund managed by EFU Life will pay the sum covered.
“Permanent total disability means permanent and total disablement of the member preventing him/her from ever again following any occupation for which he is reasonably qualified by education, training and experience and which has persisted for a period of six months and is shown to the satisfaction of the Company to be of permanent nature”
If a Covered Member becomes temporarily and totally disabled due to accidental or natural causes, EFU Life WTO will pay the minimum monthly payment as per his card billing statement. This benefit will be paid up to 12 month maximum.
“Temporary total disability means temporary and total disablement of the member preventing him/her to engage in his own occupation or employment and lasting for more than 45 days. No benefit shall be payable for the first 45 days of such disability”