
Plan:
6 STAGE ENDOWMENT INSURANCE PLAN WITH BONUS
The 6 Stage Endowment Insurance plan offers a combination of protection and savings. This plan provides financial support to the family in the event of the policyholder’s unfortunate death during the policy term. Additionally, it ensures periodic payments to the policyholder as “Survival Benefits” at specified durations during the policy term and 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 nominated 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 1/6 of the term of the policy, 10% of Sum Assured
- After completion of the 2/6 of the term of the policy, 10% of Sum Assured
- After completion of the 3/6 of the term of the policy, 10% of Sum Assured
- After completion of the 4/6 of the term of the policy, 10% of Sum Assured
- After completion of the 5/6 of the term of the policy, 10% of Sum Assured
- At maturity, rest 50% 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 : 60 Years (nearest birthday)
Minimum Basic Sum Assured : BDT 1 Lakh
Maximum Basic Sum Assured : No limit
Policy Term : 12 Years
Premium payment mode : Yearly, Half-yearly, Quarterly, Monthly