Plan:
JIBAN BIKASH
The primary objective of this policy is to provide support for your child's quality education. This policy enables you to proactively prepare for your child's future higher education costs by making regular contributions for a fixed term. Upon policy maturity or in the unfortunate event of your death, the accumulated funds will be disbursed to your child as an annual stipend, paid monthly, to help cover their educational expenses. Additionally, we offer the flexibility to include extra Life Risk Coverage for enhanced protection.
This plan also addresses liquidity needs by offering a loan facility to policyholders, after continuing policy for more than 02 (Two) years.
Key Benefits and Features under the enforce policy:
Death Benefit:
In the event of the payor's death within the term of the policy:
- The 'Sum assured' for Extra Life Risk Coverage (if any) will be paid.
- The assured child will receive a monthly stipend @Tk.100/- per unit, starting from the month following the payor's death, until they are promoted to class ten as a regular student. Thereafter, the stipend will be paid as per following schedule like maturity benefits, and the child will also receive the premium waiver benefit.
Maturity Benefits:
A monthly stipend will be paid to the assured child from class ten to master's level (9 years) according to the following schedule:
- Class ten - higher secondary level @Tk.100/- per unit for three years
- Graduation level @Tk.200/- per unit for four years
- Master's level @Tk.300/- per unit for two years
- All premiums will be refunded after the assured child reaches 24 years of age or passes the master's exam
Supplementary Benefits:
If the proposer takes extra life coverage, then Supplementary can added in this plan by paying extra premium.
Minimum Age at entry : 26 Years and 6 months (child) (completed)
Maximum Age at entry : 55 Years and 12 Years (child) (nearest birthday)
Policy Term : 3-14 Years
Premium payment mode : Yearly, Half-Yearly, Quarterly and Single