Jubilee Life (formally New Jubilee Life Insurance Company Limited), a subsidiary of the Agha Khan Fund for Economic Development (AKFED), Switzerland, brings global experience to Pakistan. For over a decade, Jubilee Life has been in the business of providing customers with a better life; a life of security and safety. Jubilee Life’s clients can be secure in the knowledge that their operations are backed by an internationally acclaimed organization with global reach.
Suhana Kal
| Eligible Enrollment Age | 18 – 65 Years |
| Policy Term | 10 – 57 years, you can choose your retirement age between 55 – 75 years |
| Minimum Basic Premium | PKR 24,000 |
| Premium Payment Mode | Direct Debit from Summit Bank account |
| Partial Withdrawal | After 5 Years |
| Policy Surrender | After 2 Years, In case of earlier surrender, compensation will be charged |
| Investment strategies | Managed Fund
Yaqeen Growth Fund Meesaq Fund Capital Growth Fund |
| Non-Medical Limit | Upto PKR 6 Million |
| Loyalty Bonus | 5 years and onwards 3% |
| Death Benefit | Sum assured or Cash value whichever is higher |
| Maturity Benefit | The policy holder will receive the accumulated cash value of the plan. If the attained age of the policy holder at maturity is 55 years or above, he will also have an option to use the cash value, to buy a pension |
| Optional Riders | * Optional Riders available on request |
Sunehra Aghaaz
| Eligible Enrollment Age | 18 – 65 Years |
| Policy Term | 10 – 57 years, you can choose your retirement age between 55 – 75 years |
| Minimum Basic Premium | PKR 24,000 |
| Premium Payment Mode | Direct Debit from Summit Bank account |
| Partial Withdrawal | After 5 Years |
| Policy Surrender | After 2 Years, In case of earlier surrender, compensation will be charged |
| Investment strategies | Managed Fund
Yaqeen Growth Fund Meesaq Fund Capital Growth Fund |
| Non-Medical Limit | Upto PKR 6 Million |
| Loyalty Bonus | 5 years and onwards 3% |
| Death Benefit | Sum assured or Cash value whichever is higher |
| Maturity Benefit | The policy holder will receive the accumulated cash value of the plan. If the attained age of the policy holder at maturity is 55 years or above, he will also have an option to use the cash value, to buy a pension |
| Optional Riders | * Optional Riders available on request |
Disclaimer:
“The product is underwritten by Jubilee Life Insurance etc. It is not guaranteed or insured by Summit Bank.”