Jubilee life | Summit Bank

Jubilee life

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.” 
 

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Last Updated 2017-11-09


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