Chartered Monthly Savings Plan

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Features:

  • This plan assures the policyholder to receive full sum assured together with accrued bonuses on maturity.
  • The nominee of the policyholder will receive full sum assured with accrued bonus on death of policyholder.
  • Minimum policy term would be for 10 years, and maximum would be for 25 years.
  • Minimum face amount/ basic sum assured of the policy would be BDT 100,000 and maximum would be BDT 1,00,00,000.
  • Minimum monthly premium would be BDT 1000.
  • Premiums can be paid annually, half yearly, quarterly, & monthly.
  • Minimum age of buying policy is 20 years and maximum age is 55 years.
  • This policy would be surrendered after two yearly installments are paid.
  • Policy holder may obtain a loan (maximum 90% of surrender value) against the policy.
  • Accidental Death Benefits (ADB) & Permanent Disabilities Accidental Benefits (PDAB) may be covered.
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free.

Survival Benefit:

  • The policyholder will receive full sum assured together with accrued bonuses on maturity at the end of the term.

Death Benefit:

  • The nominee will receive full sum assured on death of the policyholder within the term of the policy together with accrued bonuses.