Pension Plan with Assurance Policy

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Pension Plan with Assurance Policy

Every person must accept the crucial reality of old age. In the sphere of old age, most people face many limitations in life, especially financial limitations, which result in many complexities in family and social life. Keeping this potential limitation in mind, Protective Islami Life Insurance Ltd. introduces the Assurance cum Pension Plan for you.

Features of Assurance Cum Pension Policy:

Sum Assured	Minimum Tk. 30000
Policy Term	5 years (Min)
Age at commencement	Minimum 20 Years, Maximum 55 years
Age at maturity	Between 50 to 60 years
Mode of payment	Quarterly, Half-yearly, Yearly & Monthly.
Benefits
Maturity benefit	10 years guaranteed pension and for life thereafter will be paid to the insured.
Death benefit	On death of the insured during the term of the policy the nominee(s) will be paid ten times the annual pension. or, On death of the insured during 10 years guaranteed pension period the nominee(s) will be paid the remaining installment of guaranteed pension.
Income Tax	The Policyholder gets tax rebate facility against the paid policy premium. Death claim is tax free. 5% tax will be deducted from the net profits the Policyholder gets from the insurance company at the time of maturity payment.