Bancassurance-Tabeer

Tabeer is an investment plan that allows you to save regularly for your child’s education and marriage, enabling you to secure their dreams and future.

Features

Minimum premium amount option of PKR 24,000/-
Monthly, quarterly, biannually and yearly-premium payment options
Option of surrendering your policy after two policy years if two years’ premiums has been paid in advance
14 days free look up period is available during which you can review your policy terms & conditions and can cancel the policy, if necessary

Benefits

Death benefit

Unfortunate demise of policy holder, allows the nominated beneficiaries to receive the sum assured or accumulated cash value of the funds (whichever is higher).

Maturity benefit

Upon successful completion of the chosen term, you will receive the total amount of funds for the accumulated cash value of funds.

HBLTabeer gives you the liberty to choose from the various additional and optional insurance benefits based on your goals and financial capability.

Additional benefits

Nominated daughter benefit (Marriage benefit )in case of accidental death: To ensure your family’s financial stability in an unfortunate case of accidental death before the age of 60, an additional amount of Rs.500,000/- to be paid to your daughter as per her written demand to meet her marriage expenses. In case of daughter being a minor, the amount will be kept by the company till she attains 18 years of age and demands her benefit in writing.

Automatic cover maintenance: In case of non-payment of the premium after two years, eligibility for the life insurance cover will remain, provided that the plan’s cash value is sufficient to pay for charges made against the policy.

Ad hoc (Top-up premium): To invest additional contributions in your plan in any given year, add them on top of your existing premium amount to enhance your cash value.

Partial Withdrawal: Withdraw any amount, to meet a sudden need, without surrendering your policy. However the residual cash value of your policy after withdrawal should be greater than or equal to Rs.24,000* .

Waiver of premium: Six month premium to be paid by Jubilee Life insurance in case of your inability to do so because of an illness or disability.

*The minimum residual cash value may be revised by the company

Optional Benefits

Accidental death benefit: For extra protection against accidental death, an additional amount will be paid under this benefit.
Family income benefit: In case of an untimely death of the account holder, additional regular income will be paid for a specified period to the immediate family.

Premium Allocation

The premium allocated to unit account is provided in the table below:

1st year	40%
2nd year	80%
3rd year	90%
4th year and onwards	100%
Ad hoc	100%

Application Procedure

Eligibility from 18-50 years of age
Attested CNIC copy
Completed proposal form with signature
Signed direct debit instructions signed
Signed basic fact sheet
Signed product introduction document
Assessment form
Signed sample illustration

Service Fee

In addition to reduced allocation in initial years, following charges are applicable on the plan:

An investment management charge of 1.5% p.a. of fund value
An admin fee of Rs.100 per month
5% bid offer spread
Applicable mortality charges
Rider charges, if any
Fund Switching/Redirection, PKR 500 more than four are applied for per year.
Policy Fee:

PKR 0 for annual and monthly contribution payment mode

PKR 250 for semi-annual contribution payment mode

PKR 300 for quarterly contribution mode

*All charges can be revised by the Jubilee Life Insurance.

“HBL Bancassurance products are managed by Jubilee Life Insurance and distributed by HBL“.
For further details contact Jubilee Life Insurance advisors at HBL branches or call: (021) 111 111 554 (111 111 JLI), SMS: *JUBILEELIFE* to 8398.