Islamic Endowment Plan
- Denmohar Bima

(With Profits)

Introduction:

This policy helps to build a protection for wife’s, right of Mohrana.

Sum Assured

Minimum TK. 30,000

Premium

Minimum TK. 1,833 yearly

Policy Term

10, 11, 12, 13, 14, 15, 20  years

Age at commencement

55 years (Max)

Age at maturity

70 years (Max)

Mode of payment

Half-yearly, Yearly

Policy Holder

Must be married male.

Beneficiary

Must be policy holder’s wife.

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.