Jubilant allows for a disciplined, systematic and relaxed way to save for a future specific future financial need. The policy offers survival benefits equal to 30% of Sum Assured for the first three payments made at regular intervals during the policy term. At the end of the policy term, 50% Sum Assured plus accrued bonuses becomes payable.
In the unfortunate event that the Life Assured passes on during the term of the policy, the full Sum Assured plus accrued bonuses shall be payable regardless of the number of survival benefits already paid.
Why get the Jubilant Cover?
- It is a great product for those who have long-term financial needs such as house purchase but also anticipate requirement for funds relatively earlier.
- It helps fulfilling these short-term financial needs without terminating the actual contract – this may include venturing into your own business.
- Benefits and bonuses are payable based on the sum assured and the policy term chosen by the policy holder.
Key Benefits
Waiver of premium
Accidental death benefit
30-day free look period
Tax benefits
A policy holder can take a loan on the security of the policy
Flexible premium payment methods e.g., Salary Stop order, direct debit, M-PESA etc.
Flexible policy term of either 10, 12, 18 or 21 years
Premiums are pre-determined at onset, and they remain fixed throughout the term
FAQs
The policy will acquire cash and paid-up value after the payment of at least three full years’ premiums and after it has been in force for at least 3 years.
The minimum sum assured is KES 200,000. There is no maximum sum assured.
The minimum age at entry is 18 years and the maximum age at entry is 58 years. The maximum premium ceasing age is 70.
