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/-
biannually and yearly-premium payment options.
Option of surrendering your policy after two policy years if two years’ premiums has been paid in advance
14 days free look up period is available allowing you to review your policy terms & conditions and cancel the policy, if necessary
- 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).
- 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
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.
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.
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.
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.
Accidental death Benefit: For extra protection against accidental death, an additional amount will be paid under this benefit.
The premium allocated to unit account is provided in the table below:
Eligibility from 18-50 years of age
Attested CNIC copy
Completed proposal form
Signed direct debit instructions signed
Signed product introduction
Signed sample illustration
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.