Chartered Single Premium Plan

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Features:

  • This plan assures the policyholder to receive twice of the basic sum assured at the maturity of the policy or to the nominees for immature death of policyholder.
  • Premium to be paid on single installment.
  • Policy term would be for 6 years, 8 years, 10 years, 12 years, 14 years & 16 years.
  • Minimum face amount/ basic sum assured of the policy would be BDT 20,000.
  • Minimum premium would be BDT 29,000.
  • Minimum age of buying policy is 18 years and maximum age is 60 years.
  • Income tax rebate may be obtained by taking the policy..
  • The claim amount is also tax free.

Survival Benefit:

  • The policyholder will receive twice the basic sum assured on maturity of the policy.

Death Benefit:

  • The nominee will receive twice the basic sum assured on death of the policyholder within the term of the policy.

An Example of the Plan:

For an inforced policy with a term of 10 years and basic Sum Assured of BDT 1,00,000/=, the policyholder will receive BDT 2,00,000/= at the maturity of the policy. Policy holder will be paid exactly twofold of the sum assured of the policy.

At the event of death of the policy holder, the nominee will receive twofold i.e. BDT 2,00,000/= as claim for an inforced policy.