At
every Policy Anniversary (the yearly dates
following the commencement date of the policy)
you can make changes (alterations) in benefits
of your Policy.
These changes
may be any of the following:
Attachment
of a Supplementary Benefit (Rider)
Detachment
of a Supplementary Benefit (Rider)
Enhancement
of the Sum Assured and / or Rider
values
Decrease
in the Sum Assured and / or Rider
values
Increase
/ Decrease in the Premium amount
Change in the Premium
Payment Mode (Payment Frequency) (Annual,
Semi-annual, Quarterly, Monthly)
Change from Non-indexed
values to Indexed values or vice-versa
(Partial Indexation is also an option)
Changes
can only be incorporated if the Policy is
in-force with all premiums paid and are
subject to re-underwriting (re-evaluation)
of the risk by New Jubilee Life.
To incorporate the above
changes please do complete and submit the
following documents:
Medical
tests & Reports may be called
to assess and re-evaluate the altered risk. Reinstatement Form (RF)
Form need only be completed and submitted
if the Policy stands lapsed for more than
a year.
Kindly
ensure that all documents and forms are
signed by you as per signature affixed by
you on your Policy’s original Proposal
Form
It is
advisable to consult your Service Person
(mentioned at the right bottom corner of
the Renewal Letter) and seek his assistance
when making alterations to Benefits &
Values of the Policy.
The
Original documents & forms (hardcopy)
properly completed, signed and witnessed
along with the Premium Cheque must be sent
to:
Client Services
Department, New Jubilee Life Insurance Company
Limited, 74 / 1 – A, Lalazar, M. T.
Khan Road, Karachi – 74000, Pakistan
Once
requirements are completed policy benefits
and values would be changed and an Endorsement
to Standard Policy Conditions would be issued,
which would be sent to you through Courier
/ Registered Mail under cover of letter.
Renewal Acknowledgement Letter,
Final Receipt and Policy’s Unit Report
(for Unit-Linked policies only) would be sent
to you through courier a week later.
