Plan 10

Hajj Bima – with Profit

Benefits: 

Performing Hajj is an expensive religious activity for the people of our country, and there are many religious people who cannot manage required money to perform Hajj during their lifetime. Protective Islami Life Insurance Ltd. has accommodated a policy named Hajj Bima – with Profit, under it’s coverage one policyholder will be able to accumulate his / her required expenses at the end of policy period. The policyholder can utilize the maturity benefit for performance of Hajj or for any other purpose. Besides, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.

This policy extends the opportunity to perform Holy Hajj and Umrah by making provision for the occasion.

Sum Assured

Minimum TK.1,00,000

Policy Term

Any period between 10 to 25, 30 and 35 years

Age at commencement

Minimum 20 years, Maximum 55 Years

Age at maturity

70 years (max)

Mode of payment

Quarterly, Half-yearly, Yearly

Rider Cover

Policyholder can take additional rider coverage as follows:

1. Double Indemnity Accident Benefit (DIAB) and

2. Permanent Disability and Accident Benefit (PDAB)

Benefits

Income/ Investment

All earned premium from this policyholder will be invested to the banks operated under Islamic Shariah. 

Maturity benefit

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

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.