Prime Islami Life Insurance Ltd.
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Multiple Benefits Life Assurance Plan (without profit)


Features of the plan
01 Type of Plan It is an endowment policy with multi benefits.
02 Term of policy 10,20,30 and 40 years
03 Age of the assured at commencement of policy Minimum - 18 years and Maximum - 50 years
04 Maximum age at marurity 60 Years
05 Mode of payment Quarterly, half yearly and yearly
06 Calculation of premium Table rate
07 Term of premium payment Half of the policy term. As per example if the policy term is 10 years, assured will have to pay the premium for first 5 (five) years.
08 Target group Service holder, Businessman who are keen to get many types of benefit from a single policy.
Benefit of Plan
01 On survival At the end of half of policy period assured will get full sum assured on survival provided that the policy is in force.
02 At maturity The assured will get full sum assured again.
03 Waiver of premium If the policyholder becomes permanently disabled due to injury or disease before completion of half of the policy term, all further future premium will be waived.
04 .... If policyholder becomes permanently disabled due to an accident in any time of policy period, he will get compensation of a part or full sum assured according to the compensation schedule.
05 .... If policyholder is hospitalized in any time of policy period due to any major disease, he will get full sum assured.
06 If policyholder dies within policy period i) At normal death:- Nominee will get double sum assured even the assured had taken full sum assured at the completion of half of policy term. ii) At accidental death:- Nominee will get three times of sum assured in any time of policy period irrespective of his (assured) receipt of full sum assured at the completion of half of policy term.
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