One-Two-Three Endowment Insurance

One-Two-Three Endowment Insurance (Plan No-02)

One-Two-Three Endowment Insurance Plan provides a better value of your money in the event of undesirable circumstances by paying a variable benefit amount to keep hour family financially independent and to protect your family from the financial shortfall that arises from the irrecoverable loss of your life due to accident and disease. It lets you decide how much you would like to set as your Sum Assured just for your basic life cover based on your current financial position and your expected future expenses which accelerates to double on loss of life due to disease and triple on loss of life due to accident.

Key Features

Wealth creation through bonus additions.
On maturity, receive Sum Assured plus bonuses.
Valuable financial protection for your family in case you are not around.
Flexibility to add supplementary benefits or riders based on your choice for a nominal extra premium.
Loan facility available after two years in case of financial hardship.

Eligibility & Parameters

Entry Age: Minimum 18 years to maximum 50 years.
Exit Age: At maturity, age of the policyholder can’t exceed 60 years.
Minimum Sum Assured: Tk. 1,00,000.
Eligibility: The policy applicant must have own, valid & regular income.
Tenor / Term: Minimum 10 years & maximum 20 years.
Premium Mode: Quarterly, Half-yearly & Yearly.
Applicable Riders: You can choose one or more rider benefits to add your basic life insurance plan.
- HI (Hospitalization Insurance) for Self, Spouse and two Children (maximum four persons) individually.
- MDB (Major Disease Benefit).

Policy Benefits

Maturity Benefit	On maturity, you get the Sum Assured plus accumulated bonuses (if any) up to that date.
Life Cover Benefit	In the unfortunate event of loss of life, the nominated beneficiary will receive: I. Sum Assured plus accumulated bonuses (if any) till the date of death if death occurs due to any reason except accident and disease. II. Two times of the Sum Assured plus accumulated bonuses (if any) till the date of death if death occurs due to disease. III. Three times of the Sum Assured plus accumulated bonuses (if any) till the date of death if death occurs due to accident.
Discontinuance Benefit	If premium payment is discontinued after completion of two years, the policyholder will receive the discontinuance benefit (if any).
Income Tax Rebate	The policyholder will be entitled to income tax rebate as per prevailing tax rules.
Paid-up Value	After continuing the policy for at least two years, the policy acquires a Paid-up Value, which is payable with accrued bonus at the end of the policy term.