UBL BetterLife Savings Plan

UBL BetterLife Savings Plan by JLI Life is your family's lifeline. Providing financial security to your loved ones even through tough times. It is a unit linked endowment plan that helps you save regular amounts today to meet your financial needs tomorrow, while simultaneously providing you with life insurance protection. It is a useful yet affordable plan that helps your family financially in unfortunate circumstances.

Better Life Savings Plan

  • Investment Fund Managed, Messaque, Yaqeen & Capital
  • Minimum/Maximum Age at Entry 18-65 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 - 40%
  • Year 2 - 80%
  • Year 3 to 10 - 100%
  • Year 11 to onwards - 105%
  • Ad hoc - 100%
  • Cover Multiple 10-254
  • Sum Assured Regular Basic Premium x Cover multiple
  • Premium Payment Mode Monthly, Quarterly, Semi Annual & Annual
  • 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 policy term
  • Death Benefit Sum Covered or Cash value of units, 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, Child Education Benefit
  • Applicable Charges Bid/Offer Spread: 5%
  • Management Charge: 1.5% of Fund Value per year
  • Administration Fee: Rs 90 per month (Currently Available)