Suhana Kal

A combination of savings and protection elements ensuring that the family is secured even after retirement.

The salient features of this plan are appended here-under:

Product Type Unit linked life insurance
Policy Term Min 10yrs to max up to 57 yrs with retirement age 55 – 75 yrs choice
Minimum Basic Premium Annual 24000/, 

semi-annul 12000/,

quarterly 6000/-

Monthly 2000/-
Premium Payment Method Direct debit from SMBL account
Eligible Age for Enrollment Min 18yrs to Max 65yrs
Unit Allocation 1yrs policy 30% 

2yrs policy 85%

3yrs policy 90%

4yrs onwards 100%

AVAP 100%
Investment Stratigies Managed Fund 

Yaqeen Growth Fund

Meesaq Fund

Capital Growth Fund
Loyalty Bonus 5 yrs and onwards 3%
Maturity Benefit At the end of the chosen term of the plan, the policy holder will receive the accumulated cash value of the plan. If the attained age of the policy holder at maturity is 55 yrs or above, he will also have an option to use the cash value, to buy a pension, especially tailored for individuals who prefer a steady stream of income instead of a lump sum amount, at the time of retirement. The Pension term and conditions will be defined at the time of the maturity.
Free Look Period 14 days
Partial Withdrawal If you need to withdraw cash for meeting some emergency needs, but do not want to surrender the policy, you can withdraw any amount provided that the residual cash value of your policy after withdrawal is greater than or equal to Rs. 24,000 (the residual cash value floor may be reviewed by Jubilee Life)
Grace Period 30 days (renewal)
Policy Surrender After completion of two policy years (given two year’s complete premiums have been paid), you can surrender your policy. At the time of surrender, you will be paid in full the cash value of your fund. However, surrender in early policy years may result in lower cash values.
Non-Medical Limit PKR 2.0 Million upto Age of 44 yrs
Optional Riders *Optional Riders available on request
At the end of the chosen term of the plan, the policyholder will receive the accumulated cash value of the plan. If the attained age of the Policyholder at maturity is 55 years or above, he will also have an option to use the cash value, to buy a pension, especially tailored for individuals who prefer a steady stream of income instead of a lump sum amount, at the time of retirement. The Pension terms and conditions will be defined at the time of the maturity.