UBL Better Life Parbat Plan

UBL BetterLife Parbat Plan by Jubilee Life is a protection cum investment plan for those who wish the best of future for their families. It lets you save money periodically with high allocations to the plan so that you are able to reap greater returns. It also offers a handsome protection cover so that even when you are no more, your family can live with security, confidence and poise.

Better Life Parbat Plan

  • Investment Fund Managed, Messaq, Yaqeen & Capital
  • Minimum/Maximum Age at Entry 18-65 years nearest birthday
  • Maximum Age at Maturity 75 years nearest birthday
  • Available Term & Payment Range 10-57 years
  • Minimum Annual Premium 250,000
  • Unit Allocation as % of Basic Plan Premium Year 1 - 70%
  • Year 2 - 85%
  • Year 3 to 10 - 100%
  • Year 6 to 10 - 103%
  • Year 11 to onwards - 105%
  • Ad hoc - 100%
  • Cover Multiple 5-75
  • Sum Assured Regular Basic Premium x Cover multiple
  • Premium Payment Mode Annual
  • Partial Withdrawal Benefits You have the freedom to partially withdraw any amount during the policy term, subject to a minimum withdrawal amount, provided that the residual cash value of your policy after withdrawal is greater than or equal to PKR 250,000*. A partial withdrawal charge equal to 5% will be applied to the bid value of units during the first two policy years. No withdrawal charges are applicable on partial withdrawals after the first two policy years.
  • 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
  • Maturity Benefit At the end of the term of the plan, you will receive the cash value accumulated during the term of the plan.
  • Optional Riders Accidental Death Benefit, Accidental Death or Dismemberment Benefit, Permanent Total Disability Benefit, Critical Illness Benefit, Hospitalization Cash Benefit, Waiver of Premium Benefit, Family Income Benefit Joint Life
  • Applicable Charges Bid/Offer Spread: 5%
  • Management Charge: 0.125% of Fund Value per year
  • Administration Fee: Rs 165 per month (Currently Available)