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JUBILEE LIFE INSURANCE COMPANY LIMITED

(WINDOW TAKAFUL OPERATIONS)


(formerly New Jubilee Life Insurance Company Limited)

Illustration of Benefits for ''WEALTH SMART TAKAFUL PLAN''


Prepared for Mr. Mr. Basit Hassan
BASIC DETAILS:
Name of Life Covered:

MR. MR. BASIT HASSAN

Expected Commencement Date:

Date of Birth:

21-May-1981

Reference Number:

Age:

35 years

Gender:

Male

21-Jan-2016

COVERAGE DETAILS:
Currency of Takaful Plan:

Pakistan Rupees

Mode of Contribution Payment:

Annual

Name of Takaful Plan:

Wealth Smart Takaful Plan

Cover Multiple:

Contribution Payment Term:

20 years

Initial Basic Contribution (Annual):

Rs. 50,000

Membership Term:

20 years

Initial Total Contribution (Annual):

Rs. 51,383

Indexation:

Non-Indexed

Initial Sum Covered:

Description

Benefit Code

Wealth Smart Takaful Plan

Rs. 250,000

Sum Covered

Term

Contribution

WS_Tak

Rs. 250,000

20 years

Rs. 50,000

92

Rs. 250,000

20 years

Built In

Rs. 250,000

20 years

Rs. 375

Contribution Waived

20 years

Rs. 1,008

Critical Illness Supplementary Takaful Benefit (CI)


Accidental Death or Dismemberment Supplementary Takaful Benefit (ADD)
Waiver of Contribution Supplementary Takaful Benefit (WOC)

17

Total Contribution : Rs. 51,383

ILLUSTRATIVE VALUES:
Membership
Year
1
2
3
4
5
6
7
8
9
10
15
20

Your age
would be
35
36
37
38
39
40
41
42
43
44
49
54

Cumulative Main Plan


Basic Contribution Paid
Rs. 50,000
Rs. 100,000
Rs. 150,000
Rs. 200,000
Rs. 250,000
Rs. 300,000
Rs. 350,000
Rs. 400,000
Rs. 450,000
Rs. 500,000
Rs. 750,000
Rs. 1,000,000

7% p.a. gross rate of return


Main Plan
Cash
Death Benefit
Value
Rs. 250,000
Rs. 9,000
Rs. 250,000
Rs. 50,000
Rs. 250,000
Rs. 95,000
Rs. 250,000
Rs. 147,000
Rs. 250,000
Rs. 203,000
Rs. 266,000
Rs. 266,000
Rs. 333,000
Rs. 333,000
Rs. 403,000
Rs. 403,000
Rs. 476,000
Rs. 476,000
Rs. 556,000
Rs. 556,000
Rs. 1,011,000
Rs. 1,011,000
Rs. 1,604,000
Rs. 1,604,000

9% p.a. gross rate of return


Main Plan
Cash
Death Benefit
Value
Rs. 250,000
Rs. 9,000
Rs. 250,000
Rs. 51,000
Rs. 250,000
Rs. 99,000
Rs. 250,000
Rs. 153,000
Rs. 250,000
Rs. 214,000
Rs. 282,000
Rs. 282,000
Rs. 357,000
Rs. 357,000
Rs. 436,000
Rs. 436,000
Rs. 521,000
Rs. 521,000
Rs. 614,000
Rs. 614,000
Rs. 1,185,000
Rs. 1,185,000
Rs. 1,999,000
Rs. 1,999,000

11% p.a. gross rate of return


Main Plan
Cash
Death Benefit
Value
Rs. 250,000
Rs. 9,000
Rs. 250,000
Rs. 52,000
Rs. 250,000
Rs. 102,000
Rs. 250,000
Rs. 159,000
Rs. 250,000
Rs. 225,000
Rs. 299,000
Rs. 299,000
Rs. 383,000
Rs. 383,000
Rs. 472,000
Rs. 472,000
Rs. 570,000
Rs. 570,000
Rs. 680,000
Rs. 680,000
Rs. 1,391,000
Rs. 1,391,000
Rs. 2,506,000
Rs. 2,506,000

MATURITY BENEFITS:
Maturity Benefits available at the end of Membership Term

7% p.a. gross rate of return

9% p.a. gross rate of return

11% p.a. gross rate of return

Rs. 1,604,000

Rs. 1,999,000

Rs. 2,506,000

NOTES:
- Wakala Fees*:

- Allocation Percentages:

Wakala Fee Description

Level

Year

Allocation Percentages

Investment Management Fee

1.5% per year of fund value

1st Year

20%

Takaful Contribution

As per filing with SECP

2nd Year

80%

Administrative Fee
Membership Fee

Rs. 65 per month

3rd Year

85%

Nil

4th Year

Fund Switching/Redirection Charge:

90%

5th Year

95%

- Initial four Switching/Redirections every year

Free of Charge

6th Year

100%

- Subsequent Switching/Redirections every year

Rs. 500 per Switch/Redirection

7th Year

103%

8th to 9th Year

100%

* These Wakala Fees are applicable for all unit linked funds underlying the Participants' Investment Account

10th Year

105%

11th to 14th Year

100%

15th Year

110%

16th Year and onwards*

100%

*Except every 5th Year, starting Year


20, 25, ... and so on

120%

Top-Up Contribution (if any)

95%

- Takaful Contribution, which may vary with Membership Year and attained age of the Life Covered will be deducted monthly from PIA for the Benefit Covered to be paid from IFTPF. The Takaful
Contribution is deducted in line with terms and conditions of the PMD and Supplementary Takaful Benefit documents. 25% of each month's Takaful Contribution for Benefits Covered under the PMD
and 40% of each month's Takaful Contribution for Benefit Covered under the Supplementary Takaful Benefit documents is deducted as Wakala fees from the IFTPF
- Administrative Fee is Rs. 65 per month. This is reduced to Rs. 35 per month once the memebership goes into Paid-up mode. For determining the values mentioned above,
the Administrative Fee is increased every year by 10.20%.
- The Window Takaful Operator will be entitled to 40% of the investment income earned by IFTPF as Mudarib Fee
- All Wakala Fees mentioned in the above notes are reviewable at the discretion of the Window Takaful Operator
- The participant is entitled to any Surplus distributed from the IFTPF in accordance with the terms and conditions of the PMD
- Brief description of Supplementary Benefits:
Supplementary Benefit

Starting Annual Contribution


Rs. 430

Critical Illness Supplementary Takaful Benefit (CI)

Description
--> Lump Sum Benefit payable on diagnosis of any of eighteen specified Critical Illnesses

Accidental Death or Dismemberment Supplementary Takaful Benefit (ADD)

Mentioned Above

--> Lump Sum Benefit payable in the event of Accidental Death or Dismemberment

Waiver of Contribution Supplementary Takaful Benefit (WOC)

Mentioned Above

--> Waiver of Contribution in the event of Disability until recovery

SIGNATURES:

Signature of Participant
Name of Participant:

Signature of Window Takaful Operator Representative

MR. MR. BASIT HASSAN

Name of Representative:

Date:

Date:

Illustration Version No:

Aug 2015 (2)

Date on which Illustration Report is prepared:

22-Nov-2015

Illustration Validity End Date:

18-Nov-2016

Pages 1 of 2 pages
WS_Tak-6324
Prepared by the Actuarial Services Department

- The Cumulative Main Plan Basic Contributions Paid mentioned in the tables above does not include any Takaful Contribution paid in line with terms and conditions of the Supplementary Takaful Benefit document.
- Death Benefit is Sum Covered or Cash Value, whichever is higher. For illutration purpose, it is assumed that death occurs at the end of the year
- Maturity Benefit is the prevailing Cash Value at the time of Maturity
- Cash Value is the Net balance available in PIA plus Distributable Surplus from the IFTPF, if any.
The figures illustrated above do not take account into any Distributable Surplus from the IFTPF.
- The illustrative values do not take into account any partial withdrawals from the PIA.
- The rate of return assumptions mentioned in the tables above are before deduction of the investment Management fees. These fees have been deducted from the rate
of return assumptions prior to determining the Illustrative Values in the tables above
- The Death Benefit/Cash Values given above are based on assumptions. The actual values can be higher or lower than the one illustrated above depending upon the performance
of the underlying investments in the PIA.
- The underlying investments of the Takaful plan are in Managed Takaful Fund and/or Capital Growth takaful Fund.
Investment Mix Strategies: We offer the following choices of Investment Mix Strategies to define the split of incoming Contributions into the unit-linked funds:
Accelerator Strategy: Managed Takaful Fund: 55%; Capital Growth Takaful Fund: 45%
Growth Strategy: Managed Takaful Fund: 75%; Capital Growth Takaful Fund: 25%
Balanced Strategy: Managed Takaful Fund: 85%; Capital Growth Takaful Fund: 15%
Income Strategy: Managed Takaful Fund: 100%
Based on your current age, the Window Takaful Operator recommends "Accelerator" strategy for you. You can choose any of the above strategies, or a customized strategy, as per your discretion.
This strategy would remain in place for the duration of the Membership. However you can at any time provide instructions to change the contribution split strategy as per your discretion.
- Cash Value given above are net of all Wakala fees. Membership will acquire Cash Value after completion of one Membership Year, provided one full years' contribution has been paid.
- The Main Plan Death Benefit and Cash Value shown above are rounded to the nearest thousand Pakistani Rupees.
- This is an approved illustration of the Window Takaful Operator. Any other illustration which contradicts this illustration should not be given any consideration and should be
reported to the Window Takaful Operator.
- Please refer to the PMD and Supplementary Takaful Benefit Document(s) for detailed Terms & Conditions
ILLUSTRATED VALUES ARE AT STANDARD RATES

DECLARATIONS:
Declaration by the Window Takaful Operator's Representative:
I confirm that I have not made any verbal, written or electronic presentation which is in contradiction to this illustration. I also confirm that I have not misled or deceived the prospective Participant in any way. In case of any
misconduct on my part, the Window Takaful Operator and I shall be responsible for any loss to the prospective Participant. In such circumstances, SECP shall have the authority to take any action in light of the Insurance Ordinance
2000 and Takaful Rules 2012.
Signature:

Date:

Name:
Code:
Designation:

Declaration by Participant:
I have studied the above illustration and notes carefully and understood them fully. I also confirm that no other illustration verbal, written or electronic in contradiction to this illustration has been given to me.

Signature:
Name:

Date:
MR. MR. BASIT HASSAN

Address:

Contact Number:

CNIC:
Branch Management Review
Signature:

Date:

Name:

FOR OFFICE USE ONLY:


Medical Requirements: Non Medical
TSAR :

Rs.250,000

FIB SAR :

Not Applicable

FIB SA:

Not Applicable

WOC SA:

Rs.50,375

Illustration Version No:

Aug 2015 (2)

Date on which Illustration Report is prepared:

22-Nov-2015

Illustration Validity End Date:

18-Nov-2016

Representative:

Representative's Code:

Manager:

Manager's Code:

Branch Name:

City:

Pages 2 of 2 pages
WS_Tak-6324
Prepared by the Actuarial Services Department

Prepared by the Actuarial Services Department

Prepared by the Actuarial Services Department