Jubilee Car Insurance Plans Pakistan 2023
Jubilee Insurance Pakistan Limited was incorporated in Pakistan on June 29, 1995. Jubilee is a subsidiary of the Aga Khan Fund for Economic Development. The managing director and chief executive officer of Jubilee life are Mr. Javed Ahmed. The company is based on the business of Life Insurance and deals with different areas of an individual`s life and ensures they are safe and secure under the commitments and services they have made with the company. Its life insurance is there to give individuals confidence in their lives, whether financial, health, or Education. The company is a private sector-based company and works to serve its customers in terms of money and financial security, and investment returns. In case of a personal accident, the company provides you with benefits and additional cover.
Jubilee life company is continuously working and growing, enabling people to overcome uncertainty. All the plans of the J.Insurance are based on overcoming these uncertainty issues. Its insurance offers different plans; we will discuss vehicle insurance or auto insurance & individual life insurance. Even in these categories, they provide customers with numerous programs and easy-to-take policies. They are shining among all the insurance companies.
J.Insurance life insurance company provides you with online services. Online tools allow you to easily buy and find plans according to your needs and requirements. The website has a “Plan Finder” option to suggest the best plan for you according to your entered information. It provides a general overview of the available projects in the company. Before agreeing to or buying any plan, you must sign a J.Insurance PK insurance claim form.
JUBILEE MOTOR VEHICLE INSURANCE
This insurance in PK offers the best Car and Bike Insurance policies. Under the Jubilee Car insurance, there are different insurance policies such as 3T old car Insurance, Old car Comprehensive, Private Car Comprehensive, Private Car Third Party Liability Insurance, Motor Cycles, Third Party Liability Insurance, etc. All these policies work to serve the customers and cover all these uncertainties regarding your motor vehicle. in East Africa, Burundi, Tanzania, Kenya, and Mauritius have a large number of car insurance clients.
Private Car Comprehensive Insurance
In comprehensive insurance, car coverage means any incident that’s no collusion. Still, any other incident in which the car is damaged may be damaged from falling off things or fire. Or if the vehicle is stolen, so for repair and replacement, a comprehensive coverage policy is applicable. Jubilee car insurance offers this coverage under all possible risks and some conditions with affordable rates and 24/7 customer service. The estimated value is 2.025% net of the insured value for the insurance and services for your car. The car or vehicle possessing insurance must be private and up to 5 years of age.
The policy of car comprehensive in Jubilee car insurance is applicable due to the following given reasons:
- If any accident takes place.
- Due to Fire, any explosions, Lightning, or natural calamities like earthquakes, volcanic eruptions, floods, hail, or wind.
- Robbery or theft.
- The risks while the motor vehicle is in transit, whether by air, road, rail, or any other means.
- The car goes to the nearest workshop In case of any breakdown. Subject to Rs 500.
THIRD-PARTY LIABILITY INSURANCE
Third-party liability refers to the insurance to the customer when he or she is going through a legal action due to an accident or any injury to another person. It is necessary if legal action is involved. J.Insurance Car is provided in the following situations:
- If the third party is injured or dies due to the policyholder.
- If damage has occurred to the property of a third party.
In case of accidental bodily injury of the insured, the medical expenses will be covered by the Jubilee car insurance. But if the medical expenses are within the limit of Rs 350.
The conditions on which the jubilee car insurance will be applicable are:
- In case of theft or robbery of the insured car or motorbike, the police have to be immediately informed by the withholder.
- If any claims arise against the company the insured has to contact the company and give complete and proper details.
- If the insured loses his original excise, duty, and tax papers, they should immediately inform the company about the loss.
- Cancellation of the policy signed by the insured or the company will be within a seven days notice.
The J.Insurance website and portal allow you to Get a quote for your car insurance, which means you have to fill up all the required information and buy the policy. You can also verify your policy through online websites. Its car insurance offers various ways to claim through its website or you can go to the nearest branch.
INDIVIDUAL LIFE PLANS
The J.Insurance life company offers numerous individual life plans to make one’s future safe and secure. The plans include Bancassurance, Homecare, Selfcare, Shop care, Viacare travel insurance, and many more. These insurance plans will always cover you when you need different aids and needs.
Prosaver is a plan by J.Insurance that helps you do savings side by side and provides you with complete insurance coverage. The funds which have been accumulated daily are used for your future services. These savings are helpful in children`s education, marriages, and other plans.
Prosaver has many facilities for its clients. It lets you plan your financial commitments the way you want them to. One can choose how much he wants to invest and for what purpose so he can support the funds accordingly. You can increase the funds when you invest more or have more. You can customize your benefits using the add-on benefits that you will need. Reward money is also there for customers who have taken the plan for the long term plan.
INVESTMENT OPTIONS JUBILEE INSURANCE PAKISTAN
The J.Insurance provides different investment options. You can choose between if you fully want to invest in some of these funds if they suit you better or you can split your premium between other options available. The following are the investment options available.
- Managed Funds: With this, the company struggles to maximize the returns to the investors by investing in a wide range of stocks.
- Meesaq Fund: This is the opportunity for those investors who want interest-free returns on their funds. They invest in a selective range of stocks and Islamic banks.
- Yaqeen Growth Fund: This fund is for investors who prefer reasonable investment returns.
- Capital Growth fund: This fund maximizes the investment returns to policyholders and investment in bank deposits.
Jubilee life insurance allows you to manage your investments and funds. You can manage your funds by distributing the funds between two Fund plans, and you can even switch between two investment plans on the progress of your chosen plan. You can switch for free until the fifth time. After the fifth time, you would have to pay for it.
The add-on benefits are things you can add to your insurance, and you will have coverage for them. You can customize them according to what you need.
Accidental Death or Injury:
In case of a personal accident, accidental injury, or death, the person with the insurance will be given additional money to cover for it.
Family Income Benefit:
The family income benefit provides aid and money to the family if the person having the insurance has died. Through this regular income, the family can continue with a decent standard of living.
Permanent Disability Benefit:
This Benefit provides that if the insured person is on total or permanent disability, the advances for death benefit will be transferred to these.
Critical Illness and Hospital Benefit:
If the insured person is hospitalized, the person will receive insured money, which will be doubled to 50% if the insured person is in ICU. These conditions apply to the spouse and children also. In the case of 18 acute diseases or illnesses, the advances of death will be paid.
If you cannot pay a premium due to any illness or discontinuity of your occupation until the due date, then for 6 months, your payments will be made by J.INnurance Life.
The policyholders who can buy this policy should be about 18-65 years of age. You can know more about J.insurance car policies through the sales representative of J.insurance PK in a detailed illustration. It also offers a free look period of 14 days until you can cancel the auto insurance policy and review the terms and conditions. Its car insurance representatives illustrate the details of the insurance too and provide great peace of mind. Its 3t old car insurance is the most reliable old car insurance plan with the lowest premium rate of 1.125%.