Prime Islami Life Insurance Ltd.
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Biennial Payment Assurance Plan-with profit


Features of the plan
01 Type of Plan It is Anticipated endowment plan.
02 Term of policy 10,15 & 20 years
03 Age of the assured at commencement of policy Minimum - 18 years and Maximum - 55 years
04 Maximum age at marurity 65 Years
05 Mode of payment Quarterly, half yearly and yearly
Benefit of Plan
01 Survival Benefit The assured shall get survival Benefit under following conditions. 20% , 15% , 10% of sum assured at respectively completion of the first four years of the policy term, then after completion of every 2 years, for 10,15& 20 years term policy respectively .i.e. For example, the sum assured of policy is taka100000 , policy term-10 years. After completion of 4 years the assured shall get 20% of sum assured i.e taka 20000 then after another 2 years, 20% of sum assured, i. e Taka 20000, again after 2 years , 20% of sum assured i.e Taka 20000 in total 60% sum assured i.e Taka 60000 as survival benefit.
02 Death Benefit If the assured dies at any time during policy period, even after receiving one or more installments, the nominee shall get full sum assured with profit (If any) In case of 15 years term policy, 75% sum assured to be paid in five installments @ 15% of sum assured and the rest 25% sum assured to be with profit at maturity. In case of 20 years term policy 80% of sum assured to be paid in 8 installments @ 10% of sum assured and the rest 20% to be paid at maturity with profit.
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