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Special Features

IQRA Education Insurance Plan by Jubilee Life Insurance provides your child a unique advantage and ensures that his / her potential is nurtured to its fullest.

As parents, we sometimes have to compromise on our child's interests, welfare and future because of lack of funds to pay for his / her education. But not anymore.

Let your child be the best by letting Jubilee Life Insurance take care of your child's education, both today and in the future.

Salient Features of Iqra
  • Minimum term of the plan is 10 years
  • Age of the policy holder should be between 18-60 years
  • Periodic reviews to keep the plan in line with changing requirements
  • The flexibility of paying premiums for only a selected period
  • Premiums can be increased annually to cover inflation impacts
  • Choice in the level of cover
  • Tax free growth
  • Flexibility of encashing the plan any time (early surrender may result in losses)
  • Ability to make partial withdrawals from your plan, without affecting the protection feature
  • Choice of extra protection through the following supplementary options:
    • Accidental death and dismemberment
    • Critical illnesses
    • Wavier of premium option

Additional Features

IQRA Education Insurance Plan is a unit-linked product through Jubilee Life Insurance, providing you an excellent vehicle for savings and investments with vital protection against the tragic incidents of life.

This how the plan works in different situations:

  • Policyholder is not around:
    If the policyholder passes away, a monthly income is paid to the family while the premium is waived till the child reaches the specified college age. The sum assured can either be paid to the family at the time of the tragedy or can be re-invested and paid to the child (in 4 annual installments or a lump sum amount) when the child reaches college age.

  • Completion of policy duration:
    When the duration of policy is completed, the policy holder will receive the cash value of the policy at the time of commencement of the child's college education in a lump sum or in 4 annual installments.


IQRA Education Insurance Plan is a unit-linked product through Jubilee Life Insurance, providing you an excellent vehicle for savings and investments with vital protection against the tragic incidents of life.

This how the plan works in different situations:


Provide your child with the best possible higher education.

Financial Objective

Save as little as Rs 1,500 per month to allow him / her to study in the best institution when the time comes.


IQRA Education Insurance Plan.


Continuity of school education in case of your death and savings for college education in future.
Open an Account with Standard Chartered and apply for a comprehensive education plan with Jubilee Life Insurance.

This plan will:

  • Ensure continuity of your child's school education in case of death of the sponsoring parent.
  • Allow you to start a compulsory saving on a monthly basis so that you can provide him / her the best college / university education in future. All you need to do is visit our branch, choose a plan according to your needs and fill out an Account debit instruction.


Let us draw an example:

  • Your age: 28 Years
  • Your child's age: 1 year
  • Monthly premium: PKR 5000
  • Goal: to send him / her to a reputed university in 20 years' time
  • Term of the plan: 20 years
  • Assuming 8%, 10% and 12% annual unit growth rates

Estimated workings of the insurance plan:

Return (at Plan's Maturity) (PKR)
Policy Year Premium 8% 10% 12%
20 1,200,000 2,057,000 2,553,000 3,185,000

The illustration above is not the product; it is the anticipated projection of future benefits.

Important Notes:

  • The cash values given in the table are illustrated based on assumptions. The actual values can be higher or lower than the ones illustrated above depending upon the performance of the underlying investments in Jubilee Life Insurance Managed Fund.
  • Unit growth rate is assumed on 8%, 10% and 12%.
  • Unit Linked Life Insurance Products are different from traditional insurance products and are subject to the risk factor.
  • The premiums paid in Unit Linked Life Insurance Policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of funds and factors influencing the capital market and the insured is responsible for his / her decisions.
  • New Jubilee Insurance Company Limited is only the name of the insurance company and Iqra only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract its future prospects or returns. The fund offered under this contract is the name of the fund and do not in any way indicate the quality of this plan, the future prospects and returns.
  • Service charges and taxes will be applicable incase of being stipulated by the relevant authorities.
  • Past performance of funds is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of future or likely the performance of the funds.
  • The products is not guaranteed or insured by Standard Chartered Bank (Pakistan) Limited product.

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