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Hawwa, is a financial stability plan that allows savings and protection for women during all stages of their life.


  • Minimum premium amount option of PKR 18,000/-
  • 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 advanc​e
  • 14 days free look up period is available allowing you to review your policy terms & conditions and cancel the policy, if necessa​ry​


Death benefit

  • Unfortunate demise of policy holder, allows the nominated beneficiaries to receive the sum assured plus accumulated cash value of the funds or return of premium (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 .

HBL Hawwa gives you the liberty to choose from various additional and optional  insurance benefits depending upon your goals and financial capability

Additional benefits

  1. ​Accidental death of husband: An additional amount of Rs.500,000/- will be paid to help you manage the financial strain in an unfortunate case of an accidental death of your husband before the age of 60 years.

  2. 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.

  3. 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.

  4. 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.18,000* .

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

Optional Benefits

  1. Accidental death Benefit:​ For extra protection against accidental death, an additional amount will be paid under this benefit.

Premium Allocation

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

​1st  year


​2nd year


​3rd year


​4th year and onwards


Ad hoc


Application Procedure

  • Eligibility from 18-50 years of ag​e
  • Attested CNIC cop​y
  • Completed proposal form with signature

  • Signed direct debit instructions sign​ed
  • 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 an​y
  • Fund Switching/Redirection, PKR 500 more than four are applied for per year.
  • Policy Fee:

  • PKR 0 for Annual and Monthly Premium payments
  • PKR 250 for Semi Annual Payment Mode
  • PKR 300 for quarterly Premium Payment 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.​​​

HBL Hawwa Plan (English).pdf  
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HBL Hawwa Plan (Urdu).pdf  
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