UBL CashPlus

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
Investment Fund	Managed, Messaq, Yaqeen & Capital
Minimum/Maximum Age at Entry	18-50 years nearest birthday
Maximum Age at Maturity	75 years nearest birthday
Available Term & Payment Range	10-25 years
Minimum Annual Premium	15,000
Unit Allocation as % of Basic Plan Premium	Year 1 - 55%
	Year 2 - 80%
	Year 3 - 90%
	Year 4 to 5 - 100%
	Year 6 to 10 - 100%
	Year 11 to onwards - 105%
	Ad hoc - 100%
Cover Multiple	5
Sum Assured	May be selected from 75,000 to 1,000,000
Premium Payment Mode	Annual/Half Yearly/Monthly/Quarterly
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 Return Of Premium or Cash Value (whichever is higher)
Surrender Benefit (available after payment of two years premium)	Bid value of units at time of surrender
Optional Riders	Waiver of Premium Benefit, Family Income Benefit, Benefit for child, Cancer Protection.
Applicable Charges	Bid/Offer Spread: 5%
	Management Charge: 1.5% of Fund Value per year
	Administration Fee: Rs 145 per month (Currently Available)