| 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 15,000/-
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| Unit Allocation as % of Basic Plan Premium
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Year 1 - 60%
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Year 2 - 80%
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Year 3 - 90%
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Year 4 to 5 - 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 - 254 times of Annualized Premium
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| Sum Assured
|
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 (available after completion of two years)
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Amount of Partial Surrender may be subject to minimum amount and residual value determined by the company
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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)
|
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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Family Income Benefit
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Waiver of Premium
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Critical Illness
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Permanent Total Disability
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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 145 per month
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Fund Switching: PKR 500 after first four switches in a 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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