| Minimum/Maximum Age at Entry
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18-65 years nearest birthday
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| Maximum Age at Maturity
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75 years nearest birthday
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| Available Term & Payment Range
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10-57 years
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| Minimum Annual Premium
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PKR 250,000/-
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| Unit Allocation as % of Basic Plan Premium
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Year 1 - 70%
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Year 2 - 85%
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Year 3 & onwards - 100%
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Year 6 to 10 - 103%
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Year 11 to onwards - 105%
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Ad-Hoc Premium - 100%
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| Cover Multiple
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5 - 75 times of Annualized Premium as per the discretion of the policy owner subject to limits defined by the company
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| Sum Assured
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Regular Basic Premium x Cover Multiple
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| Premium Payment Mode
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Yearly, Half-Yearly, Quarterly & Monthly
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| Partial Surrender Benefits
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Amount of Partial Surrender may be subject to minimum amount and residual value determined by the company. A partial withdrawal charge equal to 5% will be applied to the bid value of units during the first two policy years. No withdrawal charges are applicable on partial withdrawals after the first two policy years.
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| Policy Surrender Option
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Bid Value of units at the time of surrender. Allowed after completion of two policy years provided that two annual premiums have been paid by the policy owner
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| Ad Hoc Premium (Interim Fund Injections)
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Allowed anytime during the policy term
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| Death Benefit
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Bid Value of units or Sum Assured, whichever is higher
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| Surrender Benefit (available after payment of two years premium)
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Bid value of units at the time of surrender
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| Optional Riders
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Accidental Death Benefit
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Accidental Death or Dismemberment Benefit
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Permanent Total Disability
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Family Income Benefit
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Critical Illness
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Waiver of Premium
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Hospitalization Cash Rider
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Cancer Protection Supplementary Benefit
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| Applicable Charges
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Bid Offer Spread: 5%
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Management Charge: 1.5% p.a. of Fund Value
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Administration Fee: PKR 245 per month
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Fund Switching: PKR 500 after first four switches in a year
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Surrender/Withdrawal Charges: 5% of cash value in 1st & 2nd year
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| Investment Fund
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Jubilee Life Balanced Fund, Jubilee Life Government Securities Fund
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| Claims
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In case of an unfortunate event, you may file your claim intimation through any UBL Branch walk in, visiting the Jubilee Life Head Office or by visiting any of the Jubilee Life branches in the country. For a swift speedy process you may also call us at our call center (021-32120201, 35205094) or simply visit our website, fill in the intimation form and email it to us at info@jubileelife.com, complaints@jubileelife.com. Thereafter, you will be contacted for next steps.
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