Chartered-Denmohor Bima is unique insurance plan innovated by Chartered Life to provide financial security for the married or bachelor individuals to pay off the denmohor to their spouse. According to Mohamedan and Contract Law, it is obligatory for the husband to pay his wife this rightful money agreed upon the contract of marriage (kabinnama) as soon as possible. Chartered Life is presenting you this plan to meet the expense of denmohor.
The policyholder will receive full sum assured together with accrued bonuses on maturity at end of the term. The policyholder can utilize the maturity benefit for settlement of denmohor or for any other purposes. If the policyholder requires cash benefit before the end of the stated term he can surrender the policy and receive cash surrender value to be quoted by the Chartered Life.
The beneficiary/nominee will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his death.