Plan:

JIBAN BANDHU WITH BONUS

The Jiban Bandhu plan offers a versatile combination of protection and savings, designed to meet your financial needs. This plan extends vital financial support to the policyholder's family in the unfortunate event of the policyholder's death during the policy term. Moreover, it ensures 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.

Key Features:

Benefits payable under an enforce policy:

Death Benefit:

In the event of unfortunate death of the policyholder's within the term of the policy, full Sum Assured with accrued bonus will be paid to the beneficiary.

Maturity Benefit:

If policyholder survives up to maturity of the policy, full Sum Assured with accrued bonus will be payable.

Supplementary Benefits:

Supplementary Benefits PDAB, ADB, HI, CI can be added with this Plan by paying extra premium.

Alteration of policy:

After continuing the policy by paying regular premiums for a minimum of 04 (four) years within the policy term, the policyholder may choose from the following benefits through a written application:

Option - 1: The policyholder may avail the benefit of full risk coverage without the need to pay any further premium. If the policyholder is alive at maturity, all deposited premiums, with accrued bonus will be paid.

Option - 2: The policyholder may avail for additional risk coverage without paying any further premium if desired. In this case, no deposited premiums are refundable, and the authority will determine the additional risk amount upon receiving an application from the assured.

Option - 3: The policyholder may avail the benefit of risk coverage without paying any further premium for the extended term if desired. In this case, no deposited premiums are refundable, and the authority will determine the length of the extended term upon receiving an application from the assured.

Term & Conditions:

Minimum Age at entry                  : 20 Years (completed)

Maximum Age at entry                 : 55 years (nearest birthday)

Minimum Basic Sum Assured      : BDT 1 Lakh 

Maximum Basic Sum Assured     : No limit

Policy Term                                  : 10,11,12,13,14,15,16,17,18,20,21 and 25 Years

Premium payment mode             : Yearly, Half-Yearly, Quarterly

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