Plan 05

Anticipated Endowment (3 Stage Payment) Insurance Plan -with profit

The policyholder of this plan will be able to accomplish the financial requirements for a number of times in the policy period. This is a very popular plan due it’s feature of ‘3 stage payment of the policy benefits’ during the policy period. 

Features of 3 Stage Payment Policy: 

Sum Assured

Minimum Tk. 30,000

Policy Term

12, 15, 18, 21, 24 years

Age at commencement

Minimum 20 years, Maximum 55 years

Age at maturity

65 years (Max)

Mode of payment

Quarterly, Half-Yearly, Yearly

Benefits

During policy

(Survival Benefit)

25% of Sum Assured will be paid after completion of 1/3 of policy period.

25% of Sum Assured will be paid after completion of 2/3 of policy period.

Maturity benefit

Remaining 50% of Sum Assured along 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).

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)