Jubilee Term Life introduces “UBL Omni Term Life Insurance” a unique life insurance cover through UBL Omni, designed for UBL Omni Account Holders & Walk-In Customers ensuring a safety net for their families.
This product can be purchased from a selected set of Omni Dukaans. Applicable age to avail this product is 18 to 59 years. UBL Omni Term Life can be purchased at a unit price of Rs. 350/- against which the premium payable to the beneficiary (blood relative) will be Rs. 100,000. Each unit is valid for a year from the day of subscription. A customer can purchase up to 5 units which means a premium payable to a beneficiary can be up to Rs. 500,000. This product does has a waiting period of 30 days and a customer is given a free look period of 7 days. There is no medical test required in order to purchase this product. Death and disability due to any reason are covered. Exclusions include suicide, self-inflicted injury, terminal/critical illness and pre-existing conditions.
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