Plan 11

Denmohor Bima -with Profit

Benefits:

Denmohor is a sign of respect to the wife. And it is one rules of Islamic Marital Laws, which can be met in lieu of cash or property of the same cost. Allah says about it, “And, you give the Mohorana to your wives in pleasant mind” Al-Quran (4:25). Dowry is a pre-requisite for marriage throughout the Quran. Even when verse 4:4 says – “You shall give the women their due dowries, equitably. If they willingly forfeit anything, then you may accept it; it is rightfully yours”. Besides, Prophet Muhammad (pbuh) said, “if someone in bad-intention of non-payment of the Denmohor, marries or gives marriage with fixing very high or poor volume of denmohor and dies without paying it fraudulently, he will meet Almighty Allah in Qiamah as Adulterous”. Nowadays, in most cases Denmohor remains unpaid in Muslim Society. No one will get rid of the sin of non-payment of Denmohor without equitably paying it. Protective Islami Life Insurance Ltd. has brought the Denmohor Bima Policy to enable the muslims financially prepared of paying the denmohor.

This policy helps to build a protection for wife’s, right of Mohrana.

Sum Assured

Minimum Tk.50,000

Policy Term

10 to 25, 30 and 35 years

Age at commencement

55 years (Max)

Age at maturity

70 years (Max)

Mode of payment

Quarterly, Half-yearly or 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)

Policy Holder

Unmarried man can take the policy, but, after marriage the wife must be Nominee.

Beneficiary

Must be policy holder’s wife.

Benefits

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.

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.