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Jubilee Better Life Savings Plan
Jubilee Life Insurance Company
Jubilee BetterLife Savings Plan by JLI Life is your family's lifeline. Providing financial security to your loved ones even through tough times.

Jubilee BetterLife Savings Plan

Jubilee BetterLife Savings Plan by JLI Life is your family's lifeline. Providing financial security to your loved ones even through tough times. It is a unit linked endowment plan that helps you save regular amounts today to meet your financial needs tomorrow, while simultaneously providing you with life insurance protection. It is a useful yet affordable plan that helps your family financially in unfortunate circumstances.

  Jubilee Better Life Savings Plan
Minimum/Maximum Age at Entry 18-65 years nearest birthday
Maximum Age at Maturity 75 years nearest birthday
Available Term & Payment Range 10-25 years
Minimum Annual Premium PKR 15,000/-
Unit Allocation as % of Basic Plan Premium Year 1 - 57.50%
  Year 2 - 80%
  Year 3 - 90%
  Year 4 to 5 - 100%
  Year 6 to 10 - 103%
  Year 11 to onwards - 105%
  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
Accidental Death or Dismemberment Benefit
Family Income Benefit
Waiver of Premium
Critical Illness
Permanent Total Disability
Hospitalization Cash Rider
Cancer Protection Supplementary Benefit
Applicable Charges Bid Offer Spread: 5%
  Management Charge: 1.5% p.a. of Fund Value
  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