Plan 01

Anticipated Endowment (5 Stage Payment) Insurance Plan – with Profit

This is a very attractive insurance policy for savings plan. Under this insurance plan, a policyholder gets the facility of meeting his / her financial necessity several times during the total policy tenure as it has 5 stages of “insurance maturity benefits” payment.  

Conditions and Benefits of the Policy:

Sum Assured

Minimum Tk. 30,000 

Policy Term

10, 15, 20, 25 or 30 years

Age at commencement

20 – 55 years

Age at maturity

65 years (Max)

Mode of payment

Quarterly, Half-yearly, Yearly

Benefits

 

During policy

10% of Sum Assured will be paid after completion of 1/5 of policy period

15% of Sum Assured will be paid after completion of 2/5 of policy period

20% of Sum Assured will be paid after completion of 3/5 of policy period

25% of Sum Assured will be paid after completion of 4/5 of policy period

Maturity benefit

Remaining 30% of Sum Assured with accrued bonuses will be paid.

Death benefit

On death of the insured during the term of the policy 100% Sum Assured with accrued bonuses will be paid to the nominee(s). 

The special benefit of this plan is that No Partial Payment Paid Earlier will be deducted from the payable Sum Assured during payment of the Death Benefits. 

Investment

The insured can avail the investment facility (maximum 90% of Surrender/ Encashment value) after completion of 2(two) years.

Surrender

The insured can avail Surrender/ Encashment value after completion of 2(two) years.

 

Income Tax

The Policyholder gets tax rebate facility against the paid policy premium.

Death claim is tax free.

5% tax will be deducted from the net profits the Policyholder gets from the insurance company at the time of maturity payment.

 

Rider Cover

Policyholder may take the below additional rider coverage at very small amount of premium:

Double Indemnity Accident Benefit (DIAB) and

Permanent Disability and Accident Benefit (PDAB)