21/01/2018
J CAREER LIFE/EDUCATION PLAN
I am sure that all of us deserve a good quality education in today's world. This is supposed to help us achieve economic freedom and make our dreams come true.
However the ever increasing costs of education and other hindrances like insufficient funds or premature death of a parent or guardian may suffocate such goals. That's why your child's future should be anticipated and planned for today.
At Jibilee Life Insurance, we have a unique product to help you finance your child's educational needs. So protect your child's future by giving them one of life's greatest gifts, a good quality education.
PRODUCT SUMMERY
With Career life plan.
> The parent is the life assured and a named child is the beneficiary.
> Benefits and bonuses are payable based on the sum assured and policy term chosen by you.
> Premiums are predetermined and fixed based on your selection.
> The policy term can vary from 5 to 20 years depending on your financial plan.
> Premium payments can be made monthly, quarterly, semi-annually, or annually through a variety of convenient methods.
RIDER BENEFITS
For an additional cost, you can also add the following benefits to your Career life plan:
ACCIDENTAL DEATH BENEFIT
On death of the life assured due to an accident, an additional amount equivalent to the sum assured will become payable immediately on death. This is applicable to layer 1 only.
TOTAL AND PERMANENT DISABILITY
On total and permanent disability of the life assured due to an accident, an amount equal to the policy sum assured will become payable in equal monthly installments over a period of 36 months from the date of the accident.
WAIVER OF PREMIUM
Remaining premiums are waived if the life assured is totally and permanently disabled due to accident or illness.
ADULT ACCIDENT HOSPITALIZATION
In case of an accident leading to the injury and hospitalization of the life assured, Jubilee will reimburse the in-patient medical expenses incurred subject to a maximum of 40% of the policy sum assured, but not exceeding UGX. 2,500,000/-.
CHILD ACCIDENT HOSPITALIZATION
In case of an accident involving the named beneficiary child leading to injury and hospitalization, the child's hospitalization expenses will be reimbursed up to 40% of the policy sum assured but not exceeding UGX. 2,500,000/-
UNIQUE FEATURES
Career life plan offers you four distinct benefit layers so that you can select the appropriate cover to suit your needs and your pocket.