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Product Summary

A smart plan which is combination of protection with saving elements.

Maturity Benefit

  • If policy is in force the on-maturity date, Basic Sum Assured + Accrued Bonus (As Declared by Company) shall be payable.
  • Otherwise maturity amount can be taken in installment spread over a period of policy term.

Death Benefit

  • On the death of the Life Assured during the term of the policy, Basic Sum Assured + Accrued Bonus (As declared by Company) shall be payable.
  • Minimum Basic Sum Assured: Tk. 1,00,000/=
  • Maximum Basic Sum Assured: No Limit
  • Minimum Entry Age: 18 years (completed)
  • Maximum Entry Age: 60 years (completed)
  • Minimum Policy Term: 5 Years (for Regular Premium)
    3 Years (for Single Premium)
  • Maximum Policy Term: 20 Years
  • Maximum Maturity age: 75 Years
  • Mode of Payment: Single premium /Yearly/Half Yearly /Quarterly / Monthly
  • Paid up/ Surrender/Policy Loan: These facilities will be available under the plan after payment of premiums for at least 2 years.
  • Revival: Within 2 years from the date of First Unpaid premium.
  • Rebate: Higher Basic SA Rebate: 1 Lac – 1.95 Lac-Nil
    2 Lac -4.95 Lac-Tk. 1.5 per 1000 BSA
    5 Lac -9.95 Lac-Tk. 2.5 per 1000 BSA
    10 Lac & Above -Tk. 3 per 1000 BSA
  • Mode Rebate: Yly-2%, Half-Yly-1%

For Regular Premium
Age -36 Years, Sum Assured -2 Lac, Policy Term -5 Years
Base Premium – Tk. 216.85, Annual Premium – Tk. 42,203
Following Table shows Indicative Illustration of Benefits:

Year Premium Payable Cumulative paid premium Payable on Death before Maturity date Maturity Benefit Maturity payable if Tk. 40 Bonus is declared Maturity payable if Tk. 50 Bonus is declared
1st Year Tk. 42,203 Tk. 42,203 Tk. 2,00,000+ Bonus Tk. 8,000 Tk 10,000
2nd Year Tk. 42,203 Tk. 84,406 Tk. 8,000 Tk 10,000
3rd year Tk. 42,203 Tk. 1,26,609 Tk. 8,000 Tk 10,000
4th year Tk. 42,203 Tk. 1,68,812 Tk. 8,000 Tk 10,000
5th year Tk. 42,203 Tk. 2,11,015 Tk. 8,000 Tk10,000
On maturity date at the end of 5th year Tk. 200000+ Bonus Tk (2,00,000+40,000) = Tk. 2,40,000 Tk. (2,00,000+50,000) = Tk. 2,50,000

Bonus shown above is indicative and for illustration purpose only

For Single Premium
Age -32 Years, Sum Assured - 2 Lac, Policy Term -3 Years,
Base Premium –Tk. 948.65, Single Premium - Tk. 1,89,430

Year Single Premium Payable on Death before Maturity date Maturity Benefit MBonus Tk. 40 (On Assumption) Bonus Tk. 50 (On Assumption)
1    Tk. 1,89,430  Tk. 2,00,000+ Bonus Tk 8,000 Tk 10,000
2 Tk 8,000 Tk 10,000
3 Tk 8,000 Tk10,000
On maturity date at the end of 3rd year Tk. 2,00,000+ Bonus = Tk. 2,00,000+ Tk. 24,000
Tk. 2,24,000		 = Tk. 2,00,000+ Tk. 30,000
Tk. 2,30,000

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

* For any further query please contact your nearest Premier Bank Branch.

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