Assurance - Cum - Pension Plan

(Without Profits)

Introduction:

Basic objective of this pension plan is to ensure financial security and comfort at old age.

Sum Assured

Minimum TK. 30,000

Premium

Minimum TK. 1,728 yearly

Policy Term

05 year (Min)

Age at commencement

55 years (Max)

Age at maturity

60 years (Max)

Mode of payment

Half-yearly, Yearly

Benefits:

Maturity benefit

  • 10 years guaranteed pension and for life thereafter will be paid to the insured.

Or,

  • The insured can commute/ encash 50% of the pension and receive the remaining 50% as pension installment.

Death benefit

  • On death of the insured during the term of the policy the nominee(s) will be paid ten times the annual pension.

Or,

  • On death of the insured during 10 years guaranteed pension period the nominee(s) will be paid the remaining installment of guaranteed pension.

Income Tax

  • The Policyholder can avail tax rebate facility against the policy.
  • Death claim is tax free.