JLI BetterLife Savings Plan

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	10-57 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 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