UBL BetterLife Child Education Plan

UBL BetterLife Child Education Plan by JLI Life helps you in building a strong financial foundation for your child's future education, It allows you to grow your savings over time so that you stay tension free while allowing your children to continue their education without disruptions in case of any misfortune.

Better Life Child Education Plan

  • Investment Fund Managed, Messaque, Yaqeen & Capital
  • Minimum/Maximum Age at Entry 18-50 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 - 30%
  • Year 2 - 80%
  • Year 3 to 10 - 100%
  • Year 11 to onwards - 105%
  • Ad hoc - 100%
  • Cover Multiple 5
  • Sum Assured May be selected from 75,000 to 1,000,000
  • 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 plus Return Of Premium or Cash Value Cash value(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 65 per month (Currently Available)