Sunehra Aaghaaz

Sunehra Aaghaaz offers to make regular, systematic savings, and allows for protection to the family from uncertainties.

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

Product Type Unit linked life insurance
Policy Term Min 10yrs to max up to 70 yrs
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 Account value Payable in Lump sum Payment
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 the completion of two policy years (given two years’ 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.