Bancassurance LIC Jibon Bijoy

Single Premium 5-Year Term: 10% of Basic Sum Assured at the end of each year for 4 years will be applicable.
Regular Premium 6-Year Term: 25% of Basic Sum Assured at the end 1/3rd of Policy Term i.e. 2nd and 4th policy year.
Regular Premium 9-Year Term: 25% of Basic Sum Assured at the end 1/3rd of Policy Term i.e. 3rd and 6th policy year.
Regular Premium 12-Year Term: 25% of Basic Sum Assured at the end of 1/3rd of Policy Term i.e. 4th and 8th policy year.

In case of death of the life assured before the date of maturity "Basic Sum Assured on Death" and vested Bonus if any shall be payable.

On the life assured surviving to the end of the policy term, "Sum Assured on Maturity" along with Vested Bonus, if any, shall be payable. Where "Sum Assured on Maturity" is as under: 50% of Basic Sum Assured for policy term 6/9/12 years for regular premium and 60% of Basic Sum Assured for Single Premium Policies.

Minimum Basic Sum Assured: Taka 1 Lac
Maximum Basic Sum Assured: No Limit
Maximum Entry Age: 65 years (nearest birthday) for policy term 5 years
64 years (nearest birthday) for policy term 6 years
61 years (nearest birthday) for policy term 9 years
58 years (nearest birthday) for policy term 12 years
Policy Term: 6/9/12 Years (For Regular Premium) 5 Years for Single premium
Maximum Maturity age: 70 years
Mode: Single premium (Only 5 Years Term)
Yearly/Half–Yearly/Quarterly/Monthly (For 6/9/12 policy Term)

These facilities will be available under the plan after payment of premiums for at least 2 years.

Example 1
For Single Premium
Age -34 years, Sum Assured – 2 Lac, Policy Term – 5 Years
Base Premium: Tk. 927.15 Single Premium: Tk. 1,85,430

Year	Single Premium	Survival Benefit	Payable on Death before Maturity Date	Maturity Benefit	Maturity payable if bonus TK. 50 Declared
1st year	Tk. 1,85,430	Tk. 20,000			Tk. 10,000
2nd Year		Tk. 20,000			Tk. 10,000
3rd Year		Tk. 20,000	Tk. 2 Lac + Bonus		Tk. 10,000
4th Year		Tk. 20,000			Tk. 10,000
5th Year					Tk. 10,000
		Tk 80,000		Tk. 1,20,000 + Bonus	Tk. 1,20,000 + Tk. 50000
					Total= Tk 1,70,000

Bonus shown above is indicative and for illustration purpose only

Example 2
For Regular Premium
Age -34 years, Sum Assured-5 Lacs, Policy Term -6 Years
Base Premium: Tk. 195.55 Annual premium: Tk. 97,775

Year	Single Premium	Total paid premium at the year end	Survival Benefit	Death Benefit	Maturity Benefit	Maturity Benefit (If Bonus Declared 50 Tk.)
1st	Tk 97,775	Tk 97,775		Tk. 5 Lac + Bonus		Tk. 25,000
2nd	Tk 97,775	Tk 1,95,550	Tk 1,25,000			Tk. 25,000
3rd	Tk 97,775	Tk 2,93,325				Tk. 25,000
4th	Tk 97,775	Tk 3,91,100	Tk 1,25,000			Tk. 25,000
5th	Tk 97,775	Tk 4,88,875				Tk. 25,000
6th	Tk 97,775	Tk 5,86,650				Tk. 25,000
Survival Benefit		Tk.2,50,000			Tk. 2,50,000 +Bonus	Tk. (2,50,000+1,50,000)
Maturity Benefit		Tk. 4,00,000				Tk. 4,00,000
After 6 years total receivable amount (Subject to declaration of Bonus)		Tk. 6,50,000

Bonus shown above is indicative and for illustration purpose only

Copy of the NID of the applicant
1 color passport-size photo of the applicant
Copy NID of the proposed nominee
1 color passport-size photo of the proposed nominee
Proof of income of the applicant, depending on the sum assured (will be required if sum assured crosses 10 Lacs)
Copy of the NID of the legal guardian where the proposed nominee is minor
1 color passport-size photo of the legal guardian where the proposed nominee is minor
Medical Reports incase depending on underwriting requirements