A. A quick Summary of Benefits:

25 Major critical illness and 20 Minor critical illness are covered here this plan.

Major Critical Illness:

When an Insured is diagnosed with major critical illness, 20% of Face Amount will be paid as lumpsum benefit on diagnosis of Major CI and the rest of the Face Amount will be paid for further treatment/Hospitalization. The policy will terminate once major critical illness coverage is fully paid.

Minor Critical Illness:

When an Insured is diagnosed with a minor critical illness, 30% of the Face Amount will be paid as lump sum/ Hospitalization payment. The insured can claim for minor critical illness coverage once. Policy will remain continued for other coverage even if the claim is paid under Minor Critical Illness.

List of 25 Major Critical Illness:

1.Stroke

2. Cancer (excluding Skin Cancer)

3. First Heart Attack

5. Other Serious Coronary Artery Disease

6. Heart Valve Surgery/Replacement

7. Major Burns

8. Blindness

9. Pulmonary Arterial Hypertension (Primary)

10.End Stage Lung Disease

11.Kidney Failure

12.Surgery of Aorta

13.Aplastic Anaemia

14.Major Organ Transplantation

15.Loss of Hearing or Loss of Speech

16. End Stage Liver Failure

17.Muscular Dystrophy

18.Alzheimer’s Disease/Irreversible Organic Degenerative Brain Disorder

19.Motor Neuron Disease

20. Parkinson’s Disease

21.Coma

22.Benign Brain tumor

23.Major Head Trauma

24.Bacterial Meningitis

25.Paralysis

List of 20 minor Critical Illnesses:

1.Cerebral Shunt Insertion

2.Carcinoma in Situ and Other Early Cancers of Specified Organs

3. Cardiac Pacemaker or Defibrillator Insertion

4. Coronary Angioplasty

5. Other Coronary Artery Diseases of lower severity

6. Percutaneous Heart Valve Surgery

7. Second Degree Burns

8. Blindness of lower severity

9. Secondary Pulmonary Arterial Hypertension

10. Surgical Removal of One Lung

11. Nephrectomy/Removal of one (1) Kidneys

12. Minimally Invasive Aortic Valve Surgery

13. Small Bowel Transplant

14. Cochlear Implant Surgery

15. Early Parkinson’s Disease

16. Coma of lower severity

17. Pituitary Tumor Surgery

18. Spinal Cord Disease or Injury resulting in Bladder Dysfunction, Spinal Cord/Cauda Equina Disease or Injury

19.Brain Surgery

20.Multiple Sclerosis

B. Survival Benefits

a. On Survival of the Insured to the end of the policy term without contracting the named 45 Critical Illnesses,100% of Face Amount is paid.

b. On survival of the Insured to the end of the policy term after one or more occurrences of the major critical illnesses and/or an occurrence of a minor CI, 100% Face Amount less any minor critical illness benefits paid out or due.

c. When an Insured is diagnosed with a minor critical illness, 30% of the Face Amount will be paid as lump sum/ Hospitalization payment. The insured can claim for minor critical illness coverage once. Policy will remain continued for other coverage even if the claim is paid under Minor Critical Illness.

d. When an Insured is diagnosed with major critical illness, 20% of Face Amount will be paid as lumpsum benefit on diagnosis of Major CI and the rest of the Face Amount will be paid for further treatment/Hospitalization. The policy will terminate once major critical illness coverage is fully paid.

e. The Policy will remain inforced as long as the full Face Amount is not paid as claim.

f. The insured will receive one Minor critical and one Major critical illness benefit throughout the policy period.

C. Death coverage

In case of unfortunate demise of the insured.
a. 100% of FA is payable on normal death.
b. On occurrence of death after or due to Critical Illness, 100% Face Amount less any major/minor critical benefits paid out or due are paid has death benefit
c. The policy will terminate upon such payment of death benefit.

D.General Features of the Plan.

1. Premium Payment Term is 5-20 years.

2. The highest age of policyholder at maturity is 70 years and lowest age at inception of the policy is 5 years.

3. Minimum face amount is BDT 1 lac and maximum face amount is BDT 50 lacs.

4. Premium Waiver Benefit: On diagnosis of critical illness, if the full Face Amount is not claimed and the policy continues for balance Face Amount after the first claim, the premium waiver benefit is available for one year after the first claim. Premium waiver benefit would be available after subsequent CI claims provided balance coverage (Face Amount) exists and the policy has not terminated.

5. General Waiting Period: The general waiting period shall be 180 (One hundred and eighty) days/ 6 months from the Effective Date of Cover in respect of the Insured. In case of death other than any Critical Illness, waiting period clause is not applicable.

6. Survival Period: The Insured person needs to survive for a period of 30(Thirty) days after the first diagnosis of illness to enjoy the coverage claim. In case of death within the stipulated survival period, the death benefit would be paid out depending on whether death occurred due to the covered illnesses or due to other causes.

7. High FA Rebate: Rebate of per BDT 1000 is available in this Plan. Face Amount above or equal to 1,000,000 will get BDT 3 taka rebate per thousand Face Amount.

8. TAX Rebate: 15% income TAX rebate on annual premiums are available by the Government.

9. Paid-up: The policy can be converted into a paid-up policy after paying at least two consecutive yearly premiums.

10. Loan: Loan facility against deposited premium is not applicable here.

11. Revival and Surrender of the Policy facility is available here.

12. Overseas Treatment Coverage: Impatient treatment at any renewed hospitals or clinic in India, Thailand and Singapore shall be covered, if satisfactory local treatment is not available and a local consultant advises such treatment.

13. General Exclusions: Pre- existing conditions are excluded. Pre-Existing disease means any condition, accident, injury or disease-
i. That is/are diagnosed by physician within 24 months prior to the effective date of the policy issued by the insurer or its reinstatement. or
ii. For which medical advice or treatment was recommended by, or received from a physician within 24 months prior to the effective date of the policy issued by the Insurer or its reinstatement.

An illustrative example:

Below illustrative example shows coverage amounts under various stages of critical illnesses for an Insured having an age of 30 years and Face Amount of 5 Lacs where the premium payment term is 15 years :

The total premium would be (15*54.51*500,000/1000) =408,825/-

	Coverage	Minor Critical Illness coverage	Major Critical Illness coverage (Lump sum)	Major Critical Illness coverage	Death coverage due to both covered and non-covered critical illness	Maturity Benefit
Age	Face Amount (BDT)	30% of Face Amount (BDT)	20% of face amount on diagnosis of Major CI (BDT)	50% of face amount on treatment or hospitalization of Major CI (BDT)	Face amount less any amount paid to the policyholder earlier (BDT)	Face Amount less the amount paid or payable under minor /major critical illness (BDT)
30	500,000	150,000	100,000	250,000	Upto 500,000	Upto 500,000

How Does the Policy work?

Mr. Ahmed having an age of 30 years buys this policy with a Face Amount of BDT 5 lac. The following could be some probable scenarios:

a. Scenario 1 (Survival at the end of the policy without contracting any CI): BDT 5 lacs would be paid as maturity benefit.

b. Scenario 2 (Survival at the end of the policy after one occurrence of any CI): BDT 5 lacs less any critical illness treatment payment would be paid as maturity benefit.

c. Scenario 3 (Death due to any other cause): He unfortunately dies due to natural cause/accident then his beneficiary/nominee would receive BDT 5 lac as Death Coverage. The policy will terminate upon payment of such benefit.

d. Scenario 4 (Death due to any CI): He unfortunately dies due to any CI after then his beneficiary/nominee would receive BDT 5 lac as Death Coverage less any major/ minor critical illness benefits paid out or due.

e. Scenario 5 (Occurrence of any minor CI): BDT 1.5 lacs would be paid on treatment.

f. Scenario 6 (Occurrence of any major CI without claiming to any minor CI): BDT 1 lac would be paid as lumpsum payment, BDT 2.5 lacs will be paid for hospitalization or Treatment and the rest of the amount I.e., 1.5 las will be paid as maturity benefit or further treatment for the said CI.

g. Scenario 7 (Occurrence of any major CI after claiming to any minor CI): BDT 1.5 lac was already paid as lumpsum payment for minor CI, BDT 1 lac would be paid as lumpsum payment for the CI treatment, BDT 2.5 lacs will be paid for hospitalization or Treatment. There would be no amount for maturity benefit.

h. The policy will continue as long as the total Face Amount is not paid to the policyholder till the end of the term.

FAQ:

1. Am I eligible to buy this Policy?

If your age is between 5 years to 65 years, you are eligible to buy this Policy. For 5 years premium payment term, maximum issue age is 65 years.

2. Should I be able to get this CI benefit immediately after purchasing this policy?

No. If you apply for a claim after 2 months, then no benefits will be paid. If any CI occurs after 6 months of purchasing the policy only then you will be able to get the benefits/coverages.

3. Should I have to pay a premium after occurring a Critical Illness?

No. You don’t need to pay a premium for the next 1 year. If you get cured and the FA is not fully claimed, then you have to pay further premiums to run the policy in forced and to enjoy further benefits.

4. How do I enroll for this Policy?

If you are interested in this Policy, you may visit nearest Chartered life Unit Office/Agency Office/ Sales Office to discuss with a Financial Associate.

5. How do I pay Premium?

If you are interested in this Policy, please fill-in the Application Form and submit it along with the first premium amount.

6. How to make a Claim under this Policy?

You can courier your filled-out claim form with required documents to the following address: Policy Owners Service & Claims Department, Chartered Life Insurance Company Limited, Islam Tower (Level-8),464/H, West, DIT Rd, Dhaka 1219, Bangladesh or you can submit the Claims Form to our nearest Sales Offices.

7. When the Company will not pay any claim/benefit:

This policy has certain exclusions, meaning situations where the Company would not pay a claim/ benefit under this policy. The list below shows the exclusions/conditions the Company would check before paying a claim/benefit:

a. Age should be in between 5-70 years

b. The listed diseases are only covered.

c. Waiting period of 180 days should be maintained

d. Suicide or self-infected act.

e. Unlawful acts.

8. How to resolve a Complaint:

You can submit any complain to our Regulatory Authority (IDRA) directly through the website www.idra.org.bd