Chartered Five Payment Plan

Chartered-Five Payment Plan is fabulous & more attractive to provide financial support to you This plan provides financial security as well as frequent and early returns on paid premium. This plan provides financial security as well as frequent and early returns on paid premium. You can further reinvest or utilize the partial returns to fulfill your future dreams as your choice.

Features:

  • This plan assures emergency inflows of cash for necessity of policyholder.
  • Premiums can be paid annually, half yearly & quarterly.
  • If partial payment is made, yet the full sum is to be paid to the beneficiary on death of policyholder.
  • Policy term would be for 10 years, 15 years, 20 years, 25 years & 30 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.
  • Minimum amount of the policy would be BDT 50,000.
  • 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:

Chartered-Five Payment Plan is fabulous & more attractive to provide financial support to you. This plan provides financial security as well as frequent and early returns on paid premium. You can further reinvest or utilize the partial returns to fulfill your future dreams as your choice..

  • The policyholder will receive 10% of the basic sum assured at the end of the one-fifth of the premium payment term.
  • The policyholder will receive another 15% of the basic sum assured at the end of two-fifth of the premium payment term.
  • The policyholder will receive remaining 20% of the basic sum assured at the end of three-fifth of the premium payment term.
  • The policyholder will receive remaining 25% of the basic sum assured at the end of four-fifth of the premium payment term.
  • The policyholder will receive remaining 30% of the basic sum assured together with accrued bonus on maturity at the end of the term.

An Example of the Plan:

For an inforced policy with a term of 15 years and basic Sum Assured of BDT 1,00,000/=, the policyholder will receive BDT 10,000/= at the end of the 3rd year, another BDT 15,000/= at the end of 6th year, another BDT 20,000/= at the end of 9th year, another BDT 25,000/= at the end of 12th year and the remaining payment of BDT 30,000/= plus bonus at the end of 15 years. i.e. at the maturity of the policy.

For an inforced policy, at the event of death of the policy holder, the nominee will receive BDT 1,00,000/= plus bonus even after the partial payments are made.