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Jubilee Roshni Education PlanJubilee Roshni Education Plan

Jubilee Roshni Education Plan

Education shouldn’t be a privilege. And with the Jubilee Roshni Education Plan it doesn’t need to be. With Jubilee Roshni Education plan you can feel assured that your child’s education is taken care of even in the case of untimely death. So while we cannot know what will happen in the future, at the very least we can be prepared for it. After all, we need to ensure that our children have access to every opportunity to allow them to be the best they can be.
Bank Alfalah Limited in partnership with Jubilee Life Insurance Company Limited offers Jubilee Roshni Education Plan.


Features and Benefits

  • All your invested premiums are completely secure. This means at the time of maturity of the plan you get the entire cash value accumulated during the term of the plan.
  • It is a flexible plan which gives you the ability to select the sum assured of your choice.
  • If the life assured expires during the term of the plan, his beneficiaries will be entitled to the sum assured or the cash value, whichever is higher. You can determine the sum assured by multiplying your annualized basic premium amount by the selected cover multiple (offered from 5 to 254)* depending on your savings and insurance needs. For example, if your annual basic premium contribution is PKR 100,000 and you have selected a cover multiple of 10, your total sum assured would be 100,000 x 10 = 1,000,000.
  • The range of cover multiples available to the policy holder varies with the age at the time of entry of the life assured.
  • Your contributions will be invested in the fund(s) of your choice (Meesaq, Managed, Capital Growth or Yaqeen Growth Fund) which are managed by expert investment managers and backed by premium financial securities, in order to ensure optimized returns with manageable risk exposure.

Payment Frequency

The premiums can be made annually, semi-annually, quarterly or monthly.
Given below is a breakdown of the minimum premium contributions that can be made:

Yearly Rs. 36,000
Half Yearly Rs. 18,000
Quarterly Rs. 9,000
Monthly Rs. 5,000

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Bank Alfalah branch.


Eligibility

The plan is available to all Bank Alfalah Limited customers between 18 to 65 years of age.


Term of Plan

Minimum Term: 10 years
Maximum Term: 57 years


Free Look Period:

Customer can cancel the policy within a Free Look Period of 14 days from receipt of the documents, they are entitled for a full refund of premium less any expenses incurred by Jubilee Life in connection with your medical or clinical examinations

Claims:

At time of claims, the beneficiary needs to contact Jubilee Life at (021) 111-111-554 and submit the following documents.

  • Original Policy Documents
  • Claim Forms A, B, C, D
  • Complete Medical /Treatment Record including all Clinical Notes at the onset of the treatment
  • Death Certificate issued by Hospital and NADRA
  • Attested CNIC of both the life assured and claimant(s)
  • Intimation wherein Date of death and Cause of death should be mentioned by the claimant
    However, in case of Murder, Suicide or Accidental Death following mandatory requirements should also be added:

    • Post Mortem/ Autopsy Report (Attested)
    • News Paper Cutting of the event (Attested)
    • Police First Information Report (FIR) (Attested)
    • Medico Legal Report (Attested)

Contact Details of Claims Department:

Claims Department,
Jubilee Life INSURANCE COMPANY LIMITED,
74 / 1 – A, Lalazar, M. T. Khan Road,
Karachi – 74000, Pakistan
Phone – Head Office: 92-21-35205095, 92-21-35205094 , 021-111-111-554
Fax: 92-21-35610959

E-Mail: info@jubileelife.com

Note: Further requirements can be asked for depending on the case.


Disclaimer:

The product is underwritten by Jubilee Life Insurance Company Limited. It is not guaranteed or insured by Bank Alfalah Limited or its affiliates.
Click here for more details – English Click here for more details – Urdu

Apply Now Or you can apply for Jubilee Roshni Education Plan at the branch.