JLI BetterLife Signature Plan

Jubilee BetterLife Parbat Plan

Jubilee BetterLife Parbat Plan by Jubilee Life is a protection cum investment plan for those who wish the best of future for their families. It lets you save money periodically with high allocations to the plan so that you are able to reap greater returns. It also offers a handsome protection cover so that even when you are no more, your family can live with security, confidence and poise.

	Jubilee BetterLife Parbat 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	PKR 250,000/-
Unit Allocation as % of Basic Plan Premium	Year 1 - 70%
	Year 2 - 85%
	Year 3 & onwards - 100%
	Year 6 to 10 - 103%
	Year 11 to onwards - 105%
	Ad-Hoc Premium - 100%
Cover Multiple	5 - 75 times of Annualized Premium as per the discretion of the policy owner subject to limits defined by the company
Sum Assured	Regular Basic Premium x Cover Multiple
Premium Payment Mode	Yearly, Half-Yearly, Quarterly & Monthly
Partial Surrender Benefits	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.
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
	Permanent Total Disability
	Family Income Benefit
	Critical Illness
	Waiver of Premium
	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 245 per month
	Fund Switching: PKR 500 after first four switches in a year
	Surrender/Withdrawal Charges: 5% of cash value in 1st & 2nd year
Investment Fund	Jubilee Life Balanced Fund, Jubilee Life Government Securities Fund