Monthly Savings Plan (MSP)

Monthly Savings Plan (MSP) : 101

Introduction:

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

Sum Assured

Tk. 12,000 – 2,00,000

Policy Term

10 years and 15 years

Age at commencement

18 - 50 years

Age at maturity

60 years (Max)

Mode of payment

Monthly

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).

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.