Plan 09

Assurance cum Pension Plan -Without Profit

Every person must accept the crucial reality of Old-Age. In the sphere of old age most people face lots of limitations in life especially, financial limitations, which results in many complexities in family and social life. Keeping this potential limitation in mind, Protective Islami Life Insurance Ltd. introduces the Assurance cum Pension Plan for you. 

Benefits:

In case of death before the maturity of the policyholder, the nominee of the policyholder will receive ten times the amount of annual pension. On survival to the end of the maturity the policyholder will receive annual pension stated in the policy document for a guaranteed period of ten years and as long as he or she is alive thereafter. 

Basic objective of this pension plan is to ensure financial security and comfort at old age.

Features of Assurance Cum Pension Policy: 

Sum Assured

Minimum Tk.30,000.00

Policy Term

05 year (Min)

Age at commencement

Minimum 20 Years, Maximum 55 years

Age at maturity

Between 50 to 60 years

Mode of payment

Quarterly, Half-yearly, Yearly & Monthly.

Benefits

Maturity benefit

10 years guaranteed pension and for life thereafter will be paid to the insured.

 

Death benefit

On death of the insured during the term of the policy the nominee(s) will be paid ten times the annual pension.

or,

On death of the insured during 10 years guaranteed pension period the nominee(s) will be paid the remaining installment of guaranteed pension.

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.