This plan provides you with an opportunity to build a fund as well as protect your loved ones in the event of death.
This plan provides you with an opportunity to build a fund as well as protect your loved ones in the event of death. This plan allows for a disciplined and systematic way to save for a specific future financial need. In contrast to taking a loan to cater for future expenses, Jubilee Invest Plan enables you to build a fund and has a death cover.
Unique features
Maturity Benefit – on survival of the policyholder to the end of the policy term, the policy holder receives 100% of the sum Assured. The amount is determined at inception and is guaranteed throughout the policy term.
Death Benefit - on death of the policy holder during the term, 20% of the sum assured is payable to the policyholder’s named beneficiaries.
Surrender value – The plan attains a cash value after it has been in force for 3 years.
Policy loan – On attainment of a surrender value, a policy loan can be issued.
Other Features
- Flexible premium payment methods (e.g. Salary Stop Order, Direct Debit, etc.)
- Premium frequency – monthly, quarterly, semi-annual or annually
- Policy term – 5 to 20 years
- Minimum Sum Assured – Ugx20,000,000/-
- 30-day free-look period
- Maturity benefit payable as a lump sum or in installments
- Maximum Eligible Age - 65 years
Rider benefits
At an additional cost, the benefits can be incorporated into you plan:
Total and Permanent Disability due to accident – On total and permanent disability of the Life Assured die to an accident, an amount equal to the sum assured will be payable in equal monthly installment over a period of 36 months from the date of the accident.
Waiver of Premium - Future premiums are waived if the Life assured is totally and permanently disabled due to an accident or illness.
Hospital Cash Benefit – In case Life Assured is hospitalized due to sickness or injury during the policy term Ushs. 100,000/- shall be paid per night spent in a registered hospital subject to a maximum of 25 nights per year. This benefit applies only when the Life Assured has been hospitalized for at least three consecutive days.
How to apply for the J-Invest Plus:
The steps to apply are:
- Fill in the application form
- Copy of your National Identity Card or Passport
- Payment of the First Premium
- Above certain age and Sum assured, medical checkup may be required.
FAQs
J-Invest Plus is a savings and life insurance plan that helps you build a guaranteed fund for future financial goals while also providing financial protection for your loved ones. You make regular premium payments, and at maturity, you receive 100% of the Sum Assured.
If you survive to the end of your chosen policy term, you receive a guaranteed maturity benefit equal to 100% of the Sum Assured. The benefit can be paid as a lump sum or in installments, depending on your preference.
If the policyholder passes away during the policy term, 20% of the Sum Assured is paid to the nominated beneficiaries, helping provide financial support to loved ones during a difficult time.
Yes. The policy acquires a surrender value after it has been active for at least three years. Once a surrender value has been established, you may also qualify for a policy loan.
J-Invest Plus offers:
- Guaranteed maturity benefit
- Death benefit protection
- Policy loan facility
- Flexible premium payment options
- Policy terms from 5 to 20 years
- Minimum Sum Assured of UGX 20 million
- 30-day free-look period
You can enhance your cover with optional rider benefits, including:
- Total and Permanent Disability Benefit due to accident
- Waiver of Premium Benefit
- Hospital Cash Benefit of UGX 100,000 per night, subject to terms and conditions
