Shandur gives the benefit of gaining elevated profits for high volume investments. Not only does it offer higher allocation to your contribution but your money will go even further with a tax rebate.
Minimum premium amount option of PKR 1000,000/-
Biannually and yearly-premium payment options
Option of surrendering your policy after two policy years if two years’ premiums has been paid in advance
Free look up period of 14 days allowing you to review your policy terms & conditions and cancel the policy, if necessary
HBL Shandur gives you the liberty to choose from
various additional & optional insurance benefits depending on your goals and financial capability
1 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.
2 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.
3 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.250,000* .
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
Accidental death benefit: For extra protection against accidental death, an additional amount will be paid under this benefit
Critical illness: The benefit payable on death to be paid in advance in case the policy holder is diagnosed with a life-threatening illness.
Cash for hospitalization: Policy holder will receive a daily benefit of up to Rs. 15,000 per day if he/she is confined to a hospital. The benefit payable is to be doubled in case of hospitalization due to a life-threatening illness. In case the account holder is confined to an ICU, an additional 50% benefit will be payable. Spouse and children can also be covered under this plan.
Accidental death and dismemberment: An additional amount to be paid in case of death and dismemberment caused by an accident.
Permanent total disability: Benefit payable on demise to be given in advance in case of permanent total disability.
- Premium waiver: Six months premium to be paid by Jubilee Life Insurance in case of account holders inability to do so because of an illness or disability.
The premium allocated to unit account is provided in the table below:
8th & 9th Year
3rd & 4th Year
11th Year onwards*
Eligibility from 18-65 years of age
Attested CNIC copy required
Completed proposal form with signature
Signed direct debit instructions
Signed basic fact sheet
Signed product introduction document
Signed assessment form
Signed sample illustration signed
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
Rider charges, if any
Fund Switching/Redirection, PKR 500 more than four are applied for per year.
*All charges can be revised by the Jubilee Life Insurance.
For further details contact Jubilee Life Insurance advisors at HBL branches or call: (021) 111 111 554 (111 111 JLI), SMS: *JUBILEELIFE* to 8398.