Plan 02
Anticipated Endowment (4 Stage Payment) Insurance Plan – with profit
This is also 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 4 stages of “insurance maturity benefits” payment.
Conditions and Benefits of the Policy:
Sum Assured | Minimum Tk. 30,000 |
Policy Term | 12, 16, 20 and 24 years |
Age at commencement | 20 – 53 years |
Age at maturity | 65 years (Max) |
Mode of payment | Quarterly, Half yearly, Yearly |
Benefits | |
During policy (Survival Benefit) | 20% of Sum Assured will be paid after completion of 1/4 of policy period. 20% of Sum Assured will be paid after completion of 2/4 of policy period. 20% of Sum Assured will be paid after completion of 3/4 of policy period. |
Maturity benefit | Remaining 40% of Sum Assured with accrued bonuses will be paid. |
Death benefit | On death of the insured during the term of the policy 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) |
