Assurance Cum pension and Medical Benefit-Without profit


Features of the plan
01 Type of Plan IIt is a deferred annuity plan.
02 Term of policy Assured’s age at commencement of pension
03 Age of the assured at commencement of policy Minimum - 18 years and Maximum -48 years
04 Commencement of pension At any age between 50 & 60 years of assured.
05 Mode of payment Quarterly, half yearly, and yearly
06 Premium shall be charged for Tk. 1000 yearly pension plus Taka 100 Medical allowance i.e. total taka 1100.
Benefit of Plan
01 Death of Assured during policy period (before commencement of pension) 10(ten) times of yearly pension.
02 Minimum 10 ten years guaranteed pension. After commencement of pension, the assured or his/her nominee shall get minimum 10(ten) years guaranteed pension i.e. if the assured dies at any time after commencement of pension during the guaranteed 10 years time, his/her nominee will get pension for the rest period of guaranteed 10 (ten) years.
03 The assured shall get yearly pension as longs as he lives. It will be immediately stopped after his death.
04 The assured can surrender maximum 50% of his pension. In exchange of lump sum at any time within one year of commencement of pension.
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