Assurance Plan

(With Profits)

Introduction:

This Endowment Assurance plan is much popular as a savings and family security plan.

Sum Assured

Minimum TK. 30,000

Premium

Minimum TK. 1,026 yearly

Policy Term

10, 11, 12, 13, 14, 15, 20 , 25, 30 years

Age at commencement

Maximum 55 years

Age at maturity

Maximum 70 years

Mode of payment

Half-Yearly, Yearly

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’s payment net of total premium deposited is subject to 5% tax deduction.
  • The Policyholder can avail tax rebate facility against the policy.
  • Death claim is tax free.

Rider Cover

Policyholder can take rider coverage as follows:

  • Double Indemnity Accident Benefit (DIAB) and
  • Permanent Disability and Accident Benefit (PDAB)