Securing your future financial stability is of utmost importance. Habib Metropolitan Bank with Jubilee Life Insurance – Window Takaful Operations aims to provide you with a plan that assists you in achieving that. ‘Jubilee Assured Savings Takaful Plan’ accumulates funds while providing you with Takaful Coverage which can benefit you later in your life. Whether it is for your children’s education, to purchase a house, for retirement, or a rainy day, this financial planning is necessary. The plan will thus help you secure your future by preparing for it in an efficient way.

Policy Terms & Eligibility

The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 65 years of age.

Basic Plan Premium

The minimum annual basic Contribution is 24,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly. *There is no maximum limit for the Contribution.

Adhoc

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where membership is active and top up the regular investment.

Unit Allocation

Basic Premiums are allocated as per the schedule shown below.

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Funds

Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception.
The funds available are:

• Jubilee Life Balance funds (Balanced Fund is classified as having medium Risk profile).
• Jubilee Life Government Security Funds (Sustainable return and fund having low risk profile).

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.

Product Charges

Application charges are as follows:

Surrender:

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. Customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.

Built in Benefit

Death Benefit:

If the life covered expires during the term of the membership, the nominee will get Sum Covered or accumulated cash value, whichever is higher. The range of Cover Multiples offered under this plan is 5 – 254, hence, your Sum Covered can be 5 to 254 times of your annual basic contribution, depending upon underwriting outcomes.
For example, if your annual basic contribution is PKR 24,000 and you have selected a cover multiple of 5, your total sum covered would be: 24,000 x 5 = *PKR 120,000
*The range of cover multiples available to the participant varies with the age at entry of the life covered and underwriting outcome.

Maturity Benefit:

You will receive an amount accumulated in Participants Investment Account (PIA), at the time of maturity of the membership. For further information, you may consult our Takaful Consultant.

Optional Benefits

Jubilee Assured Savings Takaful Plan is a flexible plan that lets you select additional optional benefits based on your needs.

Accidental Death Supplementary Takaful Benefit:

An amount in addition to the basic plan, death benefit will be paid to the beneficiary or beneficiaries chosen by you in case of accidental death.

Critical Illness Supplementary Takaful Benefit

This Supplementary Takaful Benefit advances the benefit covered under basic plan in case of diagnosis of one of eighteen specified critical illnesses.

Permanent and Total Disability Supplementary Takaful Benefit

This Supplementary Takaful Benefit advances VAL the benefit covered under the basic plan in case of permanent and total disability.

Accidental Death or Dismemberment Supplementary Takaful Benefit

This Supplementary Takaful Benefit pays out in case of death or dismemberment due to accident, paying out complete or partial benefits depending on severity of the dismemberment.

Waiver of Contribution Supplementary Takaful Benefit

Your contribution from the next contribution due date will be paid by Jubilee Family Takaful, should you suffer an illness and disability and are not able to follow your own occupation or any other occupation suited by your knowledge, training or
education qualification for at least 6 months.

Family Income Supplementary Takaful Benefit

Provides you with the option of Family Income Benefit which ensures that in future your family will be able to maintain a good standard of living through a secure income provided to your family in case of sad demise of the Life Covered.

Disclaimer

Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers

Brochure

Retirement is a time in a person’s life when they seek for the peace of mind to put aside their worries and daily hassles to enjoy the remaining years of their life. They should be able to cover their living expenses, which will have increased along their lifetime, so that they can look after themselves as they watch their kin grow and prosper.

Policy Terms & Eligibility

The plan is available to all Habib Metropolitan Bank Limited customers between 18 to 55 years of age.

Basic Plan Premium

The minimum annual basic Contribution is 24,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly. *There is no maximum limit for the Contribution.

Adhoc

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where membership is active and top up the regular investment.

Unit Allocation

Basic Premiums are allocated as per the schedule shown below.

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Funds

Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception.
The funds available are:

• Family Takaful Balance Funds (Balanced Fund is classified as having medium Risk profile).
• Jubilee Takaful Income Funds (Sustainable return and fund having low risk profile).

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.

Product Charges

Application charges are as follows:

Surrender:

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. Customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.

Built in Benefit

Death Benefit:

If the life covered expires during the term of the membership, the nominee will get Sum Covered or accumulated cash value, whichever is higher. The range of Cover Multiples offered under this plan is 5 – 254, hence, your Sum Covered can be 5 to 254 times of your annual basic contribution, depending upon underwriting outcomes. For example, if your annual basic contribution is PKR 24,000 and you have selected a cover multiple of 5, your total sum covered would be: 24,000 x 5 = *PKR 120,000 *The range of cover multiples available to the participant varies with the age at entry of the life covered and underwriting outcome.

Maturity Benefit:

You will receive an amount accumulated in Participants Investment Account (PIA), at the time of maturity of the membership. For further information, you may consult our Takaful Consultant.

Retirement Benefit at Maturity:

If you are aged 55 years or above at maturity, you have the option to use the accumulated cash value of your fund and enroll for a pension for life (determined at the time of plan maturity).

Optional Benefits

Jubilee Assured Savings Takaful Plan is a flexible plan that lets you select additional optional benefits based on your needs.

Accidental Death Supplementary Takaful Benefit:
An amount in addition to the basic plan, death benefit will be paid to the beneficiary or beneficiaries chosen
by you in case of accidental death.

Critical Illness Supplementary Takaful Benefit
This Supplementary Takaful Benefit advances the benefit covered under basic plan in case of diagnosis of one of eighteen specified critical illnesses.
Permanent and Total Disability Supplementary Takaful Benefit
This Supplementary Takaful Benefit advances VAL the benefit covered under the basic plan in case of permanent and total disability.
Accidental Death or Dismemberment Supplementary Takaful Benefit
This Supplementary Takaful Benefit pays out in case of death or dismemberment due to accident, paying out complete or partial benefits depending on severity of the dismemberment.

Waiver of Contribution Supplementary Takaful Benefit
Your contribution from the next contribution due date will be paid by Jubilee Family Takaful, should you suffer an illness and disability and are not able to follow your own occupation or any other occupation suited by your knowledge, training or
education qualification for at least 6 months.
Family income supplementary Takaful Benefits:
Provide you with the option of family income benefits which ensure that the future of your family will be able to maintain you family through a secure income provided to your family in case of sad demise of the life.

Disclaimer

Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers

Brochure

Planning for your children’s happiness is never something that can be taken lightly. Hopefully, your child’s future is bound to be full of security and stability and the ‘Jubilee Assured Marriage Takaful Plan’ provides you with just that.

Policy Terms & Eligibility

The plan is available to all Habib Metro Bank Limited customers between 18 to 65 years of age.

Basic Plan Premium

The minimum annual basic Contribution is 24,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly. *There is no maximum limit for the Contribution.

Adhoc

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where membership is active and top up the regular investment.

Unit Allocation

Basic Premiums are allocated as per the schedule shown below:

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Funds

Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception. The funds available are:

• Family Takaful Income Funds (Sustainable return and fund having low risk profile).
• Family Takaful Balanced Funds (Balanced Fund is classified as having medium Risk profile).

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.

Product Charges

Application charges are as follows:

Surrender:

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. Customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.

Optional Benefits

Jubilee Assured Savings Takaful Plan is a flexible plan that lets you select additional optional benefits based on your needs.

Accidental Death Supplementary Takaful Benefit:

An amount in addition to the basic plan, death benefit will be paid to the beneficiary or beneficiaries chosen by you in case of accidental death.

Critical Illness Supplementary Takaful Benefit

This Supplementary Takaful Benefit advances the benefit covered under basic plan in case of diagnosis of one of eighteen specified critical illnesses.

Permanent and Total Disability Supplementary Takaful Benefit

This Supplementary Takaful Benefit advances the benefit covered under the basic plan in case of permanent and total disability.

Accidental Death or Dismemberment Supplementary Takaful Benefit

This Supplementary Takaful Benefit pays out in case of death or dismemberment due to accident, paying out complete or partial benefits depending on severity of the dismemberment.

Waiver of Contribution Supplementary Takaful Benefit

Your contribution from the next contribution due date will be paid by Jubilee Family Takaful, should you suffer an illness and disability and are not able to follow your own occupation or any other occupation suited by your knowledge, training or education qualification for at least 6 months.

Family income supplementary Takaful Benefits:

Provide you with the option of family income benefits which ensure that the future of your family will be able to maintain you family through a secure income provided to your family in case of sad demise of the life.

Disclaimer

Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers.

Brochure

Providing top notch education to your children is the greatest gift you can give them. It is an invaluable opportunity that will benefit them greatly for their entire lives. If, for some unforeseen reason, you find yourself in a position where you’re unable to provide this prospect for your kin, it would be crucial for you to have a sense of security that your children’s future is safeguarded.

Membership Terms & Eligibility

The plan is available to all Habib Metro Bank Limited customers between 18 to 55years of age.

Basic Plan Contribution

The minimum annual basic Contribution is 24,000/. Customer can pay his/her Contribution in different mode, Annual, semi-annual, Quarterly and Monthly. *There is no maximum limit for the Contribution.

Adhoc

In case the Participant has extra funds available, the plan provides the flexibility to channel these to the Plan and provide a boost to the savings. These lump sum contributions are called Fund Acceleration Contributions (FAC) and can be paid anytime during the year where membership is active and top up the regular investment.

Unit Allocation

Basic Premiums are allocated as per the schedule shown below.

Note: For a better understanding in making your selection according to your savings and insurance needs, you may contact representatives at your nearest Habib Metropolitan Bank Limited branch.

Funds

Policy holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception. The funds available are:

• Family Takaful Balance Funds (Balanced Fund is classified as having medium Risk profile).
• Jubilee Takaful Income Funds (Sustainable return and fund having low risk profile).

Death Benefits

On death benefits payable equal to the greater of:

• Sum assured or The cash value of units.

Product Charges

Application charges are as follows:

Surrender:

Membership holder has the option to surrender his membership before the completion of membership term, customer will receive current cash value of underlying units in the membership (after deduction of all applicable charges) which may be less than the total contribution paid. customer also have the facility of partial withdrawals that may be exercised by leaving a minimum balance (residual value) in the cash value.

Built in Benefit

Death Benefit:

If the life covered expires during the term of the membership, the nominee will get Sum Covered or accumulated cash value, whichever is higher. The range of Cover Multiples offered under this plan is 5 – 254, hence, your Sum Covered can be 5 to 254 times of your annual basic contribution, depending upon underwriting outcomes.
For example, if your annual basic contribution is PKR 24,000 and you have selected a cover multiple of 5, your total sum covered would be: 24,000 x 5 = *PKR 120,000
*The range of cover multiples available to the participant varies with the age at entry of the life covered and underwriting outcome.

Maturity Benefit:

You will receive an amount accumulated in Participants Investment Account (PIA), at the time of maturity of the membership. For further information, you may consult our Takaful Consultant.

Built-in Benefit:

Jubilee Assured Education Takaful Plan comes with built-in Education Continuation Takaful Benefit which ensures that your children have access to the education you have always desired for them. An additional stream of regular income will be paid in addition to other benefits, in case of death of the life covered, which can be used for continuation of children’s education as planned.

Optional Benefits

Jubilee Assured Savings Takaful Plan is a flexible plan that lets you select additional optional benefits based on your needs.

Accidental Death Supplementary Takaful Benefit:
An amount in addition to the basic plan, death benefit will be paid to the beneficiary or beneficiaries chosen
by you in case of accidental death.

Critical Illness Supplementary Takaful Benefit
This Supplementary Takaful Benefit advances the benefit covered under basic plan in case of diagnosis of one of eighteen specified critical illnesses.
Permanent and Total Disability Supplementary Takaful Benefit
This Supplementary Takaful Benefit advances VAL the benefit covered under the basic plan in case of permanent and total disability.
Accidental Death or Dismemberment Supplementary Takaful Benefit
This Supplementary Takaful Benefit pays out in case of death or dismemberment due to accident, paying out complete or partial benefits depending on severity of the dismemberment.

Waiver of Contribution Supplementary Takaful Benefit
Your contribution from the next contribution due date will be paid by Jubilee Family Takaful, should you suffer an illness and disability and are not able to follow your own occupation or any other occupation suited by your knowledge, training or
education qualification for at least 6 months.

Disclaimer

Habib Metropolitan Bank is just a promoter/ distributor and corporate agent of this product to its valued customers.

Brochure