UBL BetterLife Retirement Plan

The key to a secure retirement is to plan ahead. UBL BetterLife Reitrement Plan by JLI Life ensures that you have an independent and a tension free financial future. UBL BetterLife Retirement Plan by JLI Life is an endowment plan that provides life insurance protection while you save for your retirement. It also provides you an option to convert your savings into regular pensions once you retire.

Better Life Retirement 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 10-57 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 5-254
  • 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 Accidental Death Benefit,Critical Illness Benefit,Waiver of Premium Benefit,Family Income Benefit
  • Applicable Charges Bid/Offer Spread: 5%
  • Management Charge: 1.5% of Fund Value per year
  • Administration Fee: Rs 90 per month (Currently Available)