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

UBL BetterLife Savings Plan

UBL 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.

  Better Life Savings Plan
Investment Fund Managed, Messaq, Yaqeen & Capital
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 - 40%
  Year 2 - 80%
  Year 3 to 5 - 100%
  Year 6 to 10 - 103%
  Year 11 to onwards - 105%
  Ad hoc - 100%
Cover Multiple 5 - 254
Sum Assured Regular Basic Premium x Cover multiple
Premium Payment Mode Monthly, Quarterly, Semi Annual & Annual
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 Covered or Cash value of units, whichever is higher.
Surrender Benefit (available after payment of two years premium) Bid value of units at time of surrender
Optional Riders Accidental Death Benefit, Accidental Death & Dismemberment Benefit, Permanent Total Disability Benefit, Critical Illness Benefit, Hospitalization Cash Benefit, Waiver of Premium Benefit, Family Income Benefit
Applicable Charges Bid/Offer Spread: 5%
  Management Charge: 1.5% of Fund Value per year
  Administration Fee: Rs 90 per month (Currently Available)