Endowment Assurance plan-with profits

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Endowment Assurance plan-with profits

This Endowment Assurance plan is much popular as a savings and family security plan.

Sum Assured

Minimum TK. 20,000

Premium

Minimum TK. 1000 yearly

Policy Term

10 - 20 years

Age at commencement

Maximum 55 years

Age at maturity

Maximum 70 years

Mode of payment

Half-Yearly, Yearly

Benefits:

Maturity benefit

On the survival of the insured till the end of the term full Sum Assured with accrued bonuses will be paid to the insured.

Death benefit

On death of the insured during the term of the policy Sum Assured with accrued bonuses will be paid to the nominee(s).

Surrender

The insured can avail Surrender/ Encashment value after completion of 2(two) years.

Income Tax

  • Deduction of 5% tax from any payment in excess of premium paid.
  • The Policyholder can avail tax rebate facility against the policy.
  • Death claim is tax free.

Rider Cover

Policyholder can take rider coverage as follows:

  • Double Indemnity Accident Benefit (DIAB) and
  • Permanent Disability and Accident Benefit (PDAB)
  • Hospital Insurance (HI)