Chartered Pension Plan

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Features:

  • This plan assures the policyholder to receive annual pension stated in the policy document for a guaranteed period of ten years and as long as he/she is alive thereafter.
  • This plan also assures the nominees of the policyholder to receive ten times the amount of annual pension in the event of the death of the policyholder during the term of the policy.
  • Premium can be paid on annually, half yearly, quarterly & monthly basis.
  • Minimum policy term would be for 5 years.
  • Minimum face amount/ basic sum assured of the policy would be BDT 10,000.
  • Minimum premium would be BDT 666.
  • Minimum age of buying policy is 20 years and maximum age is 55 years.
  • Policy holder may obtain a loan (maximum 90% of surrender value) against the policy.
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free.

Survival Benefit:

  • The policyholder will receive annual pension stated in the policy document for a guaranteed period of ten years and as long as he/she is alive thereafter.

Death Benefit:

  • If the policyholder dies within the tenure of the policy, the nominee will receive ten times of the amount of annual pension as death benefit.
  • If the policyholder dies within the pension receiving period of the policy, then the nominee will receive the pension for the remaining tenure of the guaranteed ten-year pension.