JLI BetterLife Child Savings Plan

Jubilee BetterLife Child Savings Plan

Jubilee BetterLife Child Savings Plan by JLI Life helps you in building a strong financial foundation for your child's future education, It allows you to grow your savings over time so that you stay tension free while allowing your children to continue their education without disruptions in case of any misfortune.

	Jubilee Better Life Child 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 - 60%
	Year 2 - 80%
	Year 3 - 90%
	Year 4 to 10 - 100%
	Year 6 to 10 - 100%
	*Year 11 & onwards - 105%
	Ad-Hoc Premium - 100%
Cover Multiple	5
Sum Assured	May be selected from PKR 75,000/- to PKR 1,000,000/-
Premium Payment Mode	Yearly, Half-Yearly, Quarterly & Monthly
Partial Surrender Benefits (available after completion of two years)	Bid Value of Units requested for Partial Withdrawal. Amount of Partial Surrender may be subject to minimum amount and residual value determined by the company
Policy Surrender Option	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	Sum Assured plus higher of Cash Value or Premiums paid
Surrender Benefit (available after payment of two years premium)	Bid value of units at the time of surrender
Optional Riders	Benefits for ChildWaiver of PremiumFamily Income BenefitCancer Protection
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