Four Payment Endowment Assurance Plan

(With Profits)

Introduction:

The policyholder able to accomplish the financial requirement for a number of times in the policy period.

Sum Assured

Minimum Tk. 30,000

Premium

Minimum Tk. 1,476 yearly

Policy Term

12, 16, 20, 24, 28 years

Age at commencement

55 years (Max)

Age at maturity

70 years (Max)

Mode of payment

Half yearly, Yearly

Benefits:

During policy

(Survival Benefit)

  • 20% of Sum Assured will be paid after completion of 1/4 of policy period.
  • 20% of Sum Assured will be paid after completion of 2/4 of policy period.
  • 20% of Sum Assured will be paid after completion of 3/4 of policy period.

Maturity benefit

Remaining 40% of Sum Assured with accrued bonuses will be paid.

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.

Rider Cover

Policyholder can take rider coverage as follows:

  • Double Indemnity Accident Benefit (DIAB) and
  • Permanent Disability and Accident Benefit (PDAB)