Plan 04- Endowment Insurance Plan – with profit

Sum Assured

Minimum Tk.30,000.00

Policy Term

10, 15, 20, 25, 30 or 35 years

Age at commencement

Minimum 20 years, Maximum 55 years

Age at maturity

Maximum 70 years

Mode of payment

Quarterly, Half-Yearly, Yearly

Benefits of the Policy

Maturity benefit

On the survival of the insured till the end of the term full Sum Assured along with accrued bonuses will be paid to the insured.

Death benefit

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

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)