Joint Life Endowment Insurance Plan

(with profits)

Introduction:

This policy can be taken on joint life basic for husband and wife.

Sum Assured

Minimum Tk. 30,000

premium

Minimum Tk. 1,329 yearly

Policy Term

10, 15, 20, 25 years

Age at commencement

20 - 55 years

Age at maturity

70 years (Max)

Mode of payment

Half-yearly, Yearly

Policy holder

Husband and wife both.

Benefits:

 

Maturity benefit

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

In case of death any one

On death of husband or wife (any one) then Sum Assured with accrued bonuses will be paid to another alive Policyholder.

In case of death of both

On death of both husband & wife 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.