UBL Better Life Three Payment Plan
State Life Insurance Corporation of Pakistan
This is the modified form of endowment assurance and is called “Three Payment Plan.” The plan offers three payments throughout term of the policy.

UBL Better Life Three Payment Plan

This is the modified form of endowment assurance and is called “Three Payment Plan.” The plan offers three payments throughout term of the policy. the plan offers survival benefits equal to 25% of sum assured on completion of 1/3rd and 2/3rd term of the policy, it gives you the opportunity to earn guaranteed bonuses and guaranteed payouts on your savings.

Description Three Payment
Investment Fund Government Securities, Real Estate rentals, Blue Chip Equities
Plan Type Bonus Based
Minimum/Maximum Age at Entry 20-57
Maximum Age at Maturity Minimum 18 years, Maximum 30 years
Minimum Annual Premium 15000 annually, Half yearly 10,000, Quaterly 7,500, Monthly 4,000
Death Benefit Guaranteed sum assured is payable equal to 25% of sum assured on completion of 1/3rd and 2/3rd of bonuses and remaining 50% will be paid at the end of the specified term
Partial Withdrawal Allowed any time after completion of two (2) years, subject to a minimum of PKR 15,000 remaining in the fund
Policy Surrender Option Allowed, after two annual premiums are received
Maturity Benefit 50% balance of Sum Assured & Accrued Bonuses
Riders Family Income Benefit
  Accidental Death Benefit
  Accidental Death & Indemnity Benefit
  Term Insurance, Waiver of Premium
  Waiver of Premium
  Term Insurance
  Refund of Premium
Applicable Charges Max PKR 100 per policy
Loan Facility After Completion of 2 policy holder can avail a maximum loan of 80% of the net surrender value of the policy