Plan:
ISLAMI SANCHAYEE FIVE INSTALLMENT BIMA WITH PROFITS
The Islami Sanchayee Five Installment Bima plan offers a unique combination of protection and savings, designed to provide to your financial needs. This plan extends vital financial support to the family of the policyholder’s unfortunate event of death during the policy term. It also ensures periodic payments to the policyholder as "Survival Benefits" at specified intervals during the policy term and provides a lump sum payment to the surviving policyholder at maturity.
This plan also addresses liquidity needs by offering a loan facility to policyholders after continuing policy for more than 02 (Two) years.
Benefits payable under an enforce policy:
Death Benefit:
In the unfortunate event of the policyholder's death within the term of the policy, full Sum Assured with accrued bonuses will be paid to the beneficiary.
Survival Benefit:
If the life assured survives after the specified durations during the policy term, following fixed percentage of the Basic Sum Assured is payable.
- After completion of the 1/5 of the term of the policy 10% of Sum Assured
- After completion of the 2/5 of the term of the policy 15% of Sum Assured
- After completion of the 3/5 of the term of the policy 20% of Sum Assured
- After completion of the 4/5 of the term of the policy 25% of Sum Assured
- At maturity, rest 30% of Sum Assured with accrued bonus
Supplementary Benefits:
Supplementary Benefits PDAB, ADB, HI, CI can be added with this Plan by paying extra premium.
Minimum Age at entry : 18 Years (completed)
Maximum Age at entry : 55 Years (nearest birthday)
Minimum Basic Sum Assured : BDT 1 Lakh
Maximum Basic Sum Assured : BDT 20 Lakhs
Policy Term : 15 Years
Premium payment mode : Monthly, Quarterly, Half-Yearly, Yearly
Subject to the pre-approval of the authority, policies with a Sum Assured of more than 20 Lakh can be obtained.