Monthly Endowment Insurance

(With Profits)

Introduction:

This policy is much more adoptable for a little earning people.

Sum Assured

Maximum Tk. 1,00,000

Monthly premium

Tk. 300 or, Tk. 500

Policy Term

10, 12, 15 year

Age at commencement

18 - 50 years

Age at maturity

60 years (Max)

Mode of payment

Monthly (May be paid quarterly, half-yearly, yearly in advance)

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.