Single Premium Endowment Assurance Plan

(without profits)

Introduction:

The policyholder gets the risk coverage of double the Sum Assured by a  single premium payment.

Sum Assured

Minimum Tk. 30,000

Policy Term

6, 10, 15 years

Age at commencement

60 years (Max)

Age at maturity

70 years (Max)

Mode of payment

One time (Single)

Benefits:

Maturity benefit

On the survival of the insured till the end of the term more or less double of the Sum Assured will be paid to the insured.

Death benefit

On death of the insured during the term of the policy more or less double of the Sum Assured 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 from the risk date.

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.