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Endowment Insurance

It is the most common and popular insurance scheme which provides financial security as well as encourages the
saving tendency to the people. In case of death of the policy holder within the term or survive at the end of the term of
the policy the Basic Sum Assured is paid with accrued bonuses.

Key Features

  • Types of Plan: Endowment Insurance Plan
  • Minimum Entry Age: 18 years
  • Maximum Entry Age: 60 years
  • Minimum Sum Assured: Tk. 100,000
  • Maximum Sum Assured: Based on socio-economic condition
  • Maximum Maturity Age: 70 years
Eligibility & Parameters

  • Policy Terms: 10, 15, 20, 25, 30 & 35 years
  • Mode of Payment: Yearly, Half-yearly, Quarterly
  • Income Tax: The policyholder can avail tax rebate facility against the policy
  • Premium Rate: Premium rate chart (per thousand) given in the brochure
  • Supplementary Coverage:

    DIAB (Double Indemnity Accidental Benefit)

    PDAB (Permanent Disability and Accidental Benefits)

    HI (Hospitalization Insurance): Hospitalization benefits up to BDT 1,00,000 for self, spouse and two children (maximum four persons) individually
Policy Benefits
On DeathIf the insured survives until the end of the policy term, the full Sum Assured along with accrued bonuses will be paid to the insured.
On DeathIn case of death of the insured during the policy term, the Sum Assured with accrued bonuses will be paid to the nominee(s).
LoanThe insured can avail a loan up to 90% of the Surrender/Encashment value after completion of 2 (two) years.
SurrenderThe insured can avail Surrender/Encashment value after completion of 2 (two) years.