JLI BetterLife Retirement Plan

Jubilee BetterLife Retirement Plan

The key to a secure retirement is to plan ahead. Jubilee BetterLife Reitrement Plan by JLI Life ensures that you have an independent and a tension free financial future. Jubilee BetterLife Retirement Plan by JLI Life is an endowment plan that provides life insurance protection while you save for your retirement. It also provides you an option to convert your savings into regular pensions once you retire.

	Jubilee Better Life Retirement Plan
Minimum/Maximum Age at Entry	18-65 years nearest birthday
Maximum Age at Maturity	75 years nearest birthday
Available Term & Payment Range	10-57 years
Minimum Annual Premium	15,000
Unit Allocation as % of Basic Plan Premium	Year 1 - 60%
	Year 2 - 80%
	Year 3 - 90%
	Year 4 & onwards - 100%
	Ad-Hoc Premium - 100%
Cover Multiple	5 - 254 times of Annualized Premium
Sum Assured	Regular Basic Premium x Cover Multiple
Premium Payment Mode	Yearly, Half-Yearly, Quarterly & Monthly
Partial Surrender Benefits (available after completion of two years)	Amount of Partial Surrender may be subject to minimum amount and residual value determined by the company
Policy Surrender Option	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
Ad Hoc Premium (Interim Fund Injections)	Allowed anytime during the policy term
Death Benefit	Bid Value of units or Sum Assured, whichever is higher
Surrender Benefit (available after payment of two years premium)	Bid value of units at the time of surrender
Optional Riders	Accidental Death Benefit
	Family Income Benefit
	Waiver of Premium
	Critical Illness
	Cancer Protection Supplementary Benefit
Applicable Charges	Bid/Offer Spread: 5%
	Management Charge: 1.5% of Fund Value per year
	Administration Fee: PKR 145 per month
	Fund Switching: PKR 500 after first four switches in a year
Investment Fund	Jubilee Life Balanced Fund, Jubilee Life Government Securities Fund