Policy Details

Policy for individual person

Aged between 20 to 49 years

Age at maturity must be 65 years

Annual Premium is eligible as investment for tax rebate

Settlement amount against insurance claim is exempted from tax

Sum Assured plus accrued bonus on maturity

The payout is done in five installments through the policy term

       10% after one fifth of the policy term

       15% after two fifth of the policy term

        20% after three fifth of the policy term

        25% after four fifth of the policy term

        30% along with bonus at maturity

Policy holder may obtain a loan (maximum 90% of surrender value) against the policy

Accidental Death Benefit:

Accidental Death Benefit is provided in addition to basic sum insured in case of death due to external injuries directly caused by an accident.

Criticial Illness Care:

This benefit provides a one time maximum pay out of Tk 500,000; irrespective of the Sum Assured amount in case of diagnosis of any Critical Illness within the coverage period. The benefit provides financial support to cover high medical expenses of critical diseases.                               Note: Accidental Death Benefits (ADB), Permanent Disability Accidental Benefits (PDAB), Critical Illness Care (CIC) are included in this Premium Amounts.

Exclusions

Exception and Disqualification: The policy claim will be declined if the policy owner commits suicide within 01 (one) year from the commencement date of the policy or die in war or in AIDS and as per the rules of running insurance Act, all the given premiums will be forfeited.

Any Pre-existing conditions

Intentionally self-inflicted injury, suicide or any attempt threat while sane or insane.

Exceptions for Supplements:

Accidental Death Benefit:

War, invasion, act of foreign enemy, hostilities or war like operations (whether war be declared or not), mutiny, riot, civil war, rebellion, revolution, insurrections, act of terrorism, shelling, snipping, ambushes, and all acts of similar nature; or any period the insured is serving the armed forces of any country whether in peace or war

Murder or assault

Congenital anomalies and conditions arising out of or resulting there from

Bacterial infections (except pyogenic infections which shall occur through an accidental cut or wound) or any other kind of disease

Medical or surgical treatment except as may be necessary solely as result of injury

Dental care or surgery except as may be necessary solely as a result of injury

Acquired Immune Deficiency Syndrome

Any pre-existing conditions

Any bodily injury that may result in hernia

Participation in competitions, races, contests, matches in land, air, or sea; mountain climbing, pot-holing, paragliding, bungee jumping, parachuting, scuba diving, etc

Flying in an aircraft or device for aerial navigation except as a fare paying passenger on a certified passenger aircraft provided by a commercial airline and operated by a properly certified pilot flying between duly established and maintained airports

Critical Illness Care

Any claim caused by an opportunistic infection or malignant neoplasm, or any other sickness condition, if at the time of claim, the Insured had been diagnosed with AIDS, AIDS Related Complex (ARC), or having an antibody positive blood test to HIV

Any illness other than a Diagnosis of the 25 (twenty five) Critical Illness as defined

Any Critical Illness, the signs and symptoms of which occurred prior to or within 180 (one hundred and eighty) days following the Supplementary Contract Effective Date or the last Coverage Commencement Date whichever is later which was either disclosed or not disclosed in the Application or health statement

Willful misuse of drugs or alcohol. Thanks