Endowment Insurance (Short Term)

(With Profits)

 

Introduction:

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

Sum Assured

Minimum Tk. 20,000

Premium

Minimum Tk. 4,380 yearly

Policy Term

5-10 years

Age at commencement

20 - 60 years

Age at maturity

67 years (Max)

Mode of payment

Monthly, Quarterly, Half-Yearly, Yearly

Benefits:

Maturity benefit

On the survival of the insured till the end of the term full Sum Assured with compound reversionary bonus, bonus as per actuarial valuation will be paid to the insured.

Death benefit

On death of the insured during the term of the policy double of the deposited premium 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.