Jubilee FlexiLife Plan

Your loved ones, secured

Your family is your joy, your pride and your world. And you strive to give them a life full of cheerful and happy. However, life has its uncertainties and risks. For this, you would require an investment plan that is flexible enough to keep up with the changing circumstances of life. Jubilee FlexiLife is a unit-linked plan to help you secure your family's future with a wide range of benefits and options to meet a variety of different financial needs.

Disclosure of Product: This is a life insurance product which has two distinct elements i.e. Insurance Protection and Investment. The Investment Component is linked to the performance of underlying assets under unit-linked fund(s).

Unit Allocation:

The proportions allocated to your Account Value will be as follows:

Key Benefits

• Select any of the additional optional benefits to enhance your protection.
• Facility to withdraw the accumulated cash value of your funds either partially or fully.
• Top-up your investments with extra savings that you may have.
• An option to cope with inflation by increasing your premium.
• Long term financial security for you and your family.
• Policyholder can cancel the policy within 14 days from the receipt of policy documents.

Free-Look Period

Jubilee Life offers a free look period of 14 days during which you can review your policy terms and conditions and may like to cancel the policy if needed. Your premium will be refunded if the written request for cancellation is received within 14 days from the receipt of policy documents. Please note that Jubilee Life reserves the right to deduct the expenses incurred on medical examination (if any).

Investment Fund Options:

1. Jubilee Life Balanced Fund (Medium Risk): A fund designed to generate competitive long term returns with balanced allocation in Equity, Government securities and other wide range of allowable asset classes. It is classified as fund having medium risk profile.
2. Jubilee Life Government Securities (Low Risk): A fund designed to provide sustainable returns over long term with exposure in Government securities, Government securities related instruments and bank deposits. It is classified as fund having low risk profile.

Policy Eligibility:

• Minimum Entry Age: 18 year
• Maximum Entry Age: 65 years
• Minimum Premium Payment Term: 10 years

Payment Modes

• Annually
• Semi-Annually
• Quarterly
• Monthly

Charges

In addition to reduced allocation in initial years, following charges would apply on the plan:

• Bid/offer spread:5 %of basic Premium
• Administration Charges: PKR 145 per month
• Mortality Charges: As per SECP filing
• Switching Charges: Four switching are free per year, if more than four switching are opted per year a charge of PKR 500 would be applicable.
• Premium Allocation Charge: Premium allocation charge for the year is calculated as hundred percent of the premium received less percentage of the allocated premium for the year.
• Recurring Charges: 1.5% p.a. of Fund Value

*All charges are reviewable by the company

Apply for Jubilee FlexiLife Plan today

For further details please contact our Bancassurance Sales Manager / Officer, at one of the selected MCB Bank Branches or call 111-000-622.

For brochure kindly refer to: https://www.jubileelife.com/insurance-plans/bancassurance/mcb-bank-limited/

Note

• MCB Bank Limited is acting as a distributor of Jubilee FlexiLife Plan on behalf of Jubilee Life, and is not responsible in any manner, whatsoever, to the customer, his/her beneficiary/ies or any third party.
• All Jubilee FlexiLife applications are processed and approved by Jubilee Life, as per their underwriting guidelines. MCB Bank Limited is not responsible for the processing and approval of these applications in any way, whatsoever.
• The aforementioned only provides an introduction to the benefits available under the policy. A detailed description of how the contract works is given in the ‘Terms and Conditions’, which will be provided after the customer(s) avail the service.