Plan:

JIBAN SANCHAYA (SINGLE PREMIUM)

Pragati Life's Single Premium Endowment Plan is a non-participating guaranteed policy that presents an attractive combination of protection and savings. This policy provides to individuals with a lump sum amount of money he/she wish to set aside and watch grow. It provides essential financial support to the family of the policyholder in the event of his/her death before maturity, and it offers a substantial lump sum amount to the surviving policyholders 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:

Death Benefit: 

In the unfortunate event of the policyholder's death within the term of the policy, the full sum assured will be paid to the beneficiary as follows:

  • For a policy term of 3 years  : 150% of the basic single premium
  • For a policy term of 4 years  : 175% of the basic single premium
  • For a policy term of 5 years  : 175% of the basic single premium
  • For a policy term of 7 years  : 200% of the basic single premium
  • For a policy term of 10 years: 200% of the basic single premium

Maturity Benefit: 

If the life assured survives until the end of the policy term, the Maturity Value will be payable, as follows:

  • For a policy term of 3 years  : 115% of the basic single premium
  • For a policy term of 4 years  : 120% of the basic single premium
  • For a policy term of 5 years  : 128% of the basic single premium
  • For a policy term of 7 years  : 150% of the basic single premium
  • For a policy term of 10 years: 200% of the basic single premium

Supplementary Benefits:

Supplementary Benefits are additional coverage options that are not available in this plan.

Term & Conditions:

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 5 Lakhs

Policy Term                                  : 3,4,5,7 and 10 Years

Premium payment mode             : Single

Note:

Subject to the pre-approval of the authority, policies with a premium of more than 5 lakhs can be obtained.

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