\n| Fund Switching Charges<\/td>\n | Rs. 500 after first four free switching in a year.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nSurrender:<\/h4>\nMembership 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.<\/p>\n Built in Benefit<\/h4>\nDeath Benefit:<\/b><\/p>\n 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.
\nFor 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
\n*The range of cover multiples available to the participant varies with the age at entry of the life covered and underwriting outcome.<\/p>\n Maturity Benefit:<\/b><\/p>\n 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.<\/p>\n Optional Benefits<\/h4>\nJubilee Assured Savings Takaful Plan is a flexible plan that lets you select additional optional benefits based on your needs.<\/p>\n Accidental Death Supplementary Takaful Benefit: <\/b><\/p>\n 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.<\/p>\n Critical Illness Supplementary Takaful Benefit <\/b><\/p>\n This Supplementary Takaful Benefit advances the benefit covered under basic plan in case of diagnosis of one of eighteen specified critical illnesses.<\/p>\n Permanent and Total Disability Supplementary Takaful Benefit<\/b><\/p>\n This Supplementary Takaful Benefit advances VAL the benefit covered under the basic plan in case of permanent and total disability.<\/p>\n Accidental Death or Dismemberment Supplementary Takaful Benefit<\/b><\/p>\n 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.<\/p>\n Waiver of Contribution Supplementary Takaful Benefit<\/b><\/p>\n 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
\neducation qualification for at least 6 months.<\/p>\n Family Income Supplementary Takaful Benefit<\/b><\/p>\n 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.<\/p>\n Disclaimer<\/h4>\nHabib Metropolitan Bank is just a promoter\/ distributor and corporate agent of this product to its valued customers<\/p>\n \n\n\nMin Entry Age<\/strong><\/td>\nMax Entry Age<\/strong><\/td>\nMin Policy Term<\/strong><\/td>\n<\/tr>\n<\/thead>\n\n\n18 Years<\/strong><\/td>\n55 Years<\/strong><\/td>\n10 Years<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nBasic Plan Premium<\/h4>\nThe 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.<\/p>\n Adhoc<\/h4>\nIn 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.<\/p>\n Unit Allocation<\/h4>\nBasic Premiums are allocated as per the schedule shown below.<\/p>\n \n\n\n| Policy Year<\/td>\n | % of Basic Premium Allocated<\/td>\n<\/tr>\n<\/thead>\n | \n\nYear 1<\/strong><\/td>\n60%<\/strong><\/td>\n<\/tr>\n\nYear 2<\/strong><\/td>\n80%<\/strong><\/td>\n<\/tr>\n\nYear 3<\/strong><\/td>\n90%<\/strong><\/td>\n<\/tr>\n\nYear 4 to on wards<\/strong><\/td>\n100%<\/strong><\/td>\n<\/tr>\n\nAd hoc<\/strong><\/td>\n| 100%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Note:<\/strong> 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.<\/p>\nFunds<\/h4>\nPolicy holder has no option to select a unit fund based on his risk preferences and investment objective at the membership inception.
\nThe funds available are:<\/p>\n \n- Family Takaful Balance Funds <\/strong> (Balanced Fund is classified as having medium Risk profile).<\/li>\n
- Jubilee Takaful Income Funds<\/strong> (Sustainable return and fund having low risk profile).<\/li>\n<\/ul>\n
Death Benefits<\/h4>\nOn death benefits payable equal to the greater of:<\/b><\/p>\n | | | | | | | | | | | | | | | | |