Maturity Benefits

Sum Assured + Reversionary Bonus + Final Additional Bonus at the end of the premium paying term.

Payable on Death

If Death occurs within premium paying term, 125% of SA plus Accumulated bonus is payable (or 10 times of Annual Premium + Bonus + FAB). If death occurs after premium paying term, an amount equal to the basic sum assured is payable. Death benefit shall not be less than 105% of total premium paid as on the date of death.

Basic Details

This is non-linked with profits, limited premium plan for children education needs .

Survival Benefit & Maturity Benefits

The following option is to be chosen at proposal stage.

Payable on Death

• If death happens before commencement of risk, Refund of premiums paid excluding extra.
• If death happens after commencement of risk, Sum Assured on Death+ Vested Bonus + FAB if any.

Date of Commencement of Risk

• For age at entry less than 8 Years LBD: One day before completion of 2 years from DOC or one day before Policy Anniversary after completion of age of 8 years LBD, whichever is earlier.
• For age at entry 8 years LBD or more: Risk will commence immediately.

Survival Benefit

Guaranteed 15% Basic Sum Assured after the completion of 5,10,15,20 Years.

Maturity Benefits

Guaranteed 40% Basic Sum Assured together with vested bonuses & FAB, if any will be payable on the stipulated date of maturity.

Death Benefits

On the death of Life Assured during the term of the policy, ‘The sum assured on death’ together with vested bonus and FAB, if any, will be payable. [The sum assured on death will be the higher of 125% of Basic Sum Assured or 10 times of the annualized premium). This death benefit shall not be less than 105% of total premium paid as on date of death.

Optional Accident & Disability Benefits

are available subject to payment of additional premium of Tk. 1 per 1000 AB SA irrespective of age (Tk. 1.50 per 1000 AB SA for persons employed in Police,Paramilitary force etc.)

Basic Features

This is a non – linked unique plan to cover the risk of seven major ailments with traditional endowment features

key Features

• Fixed Term – 15 and 20 Years.
• Major illness coverage(Seven illness).
  1. Cancer (Malignant)
  2. Paralytic Stroke resulting in Permanent Disability
  3. Renal failure of Both Kidneys
  4. Coronary artery diseases where bypass surgery is required

Death Benefit

• If Sickness benefit claim is not admitted earlier and the policy is in full force: Sum Assured + Accrued Bonus
• If Sickness benefit claim is admitted earlier: Balance of 50% of Sum Assured + Accrued Bonus on Full Sum Assured.

Maturity Benefit

• If Sickness benefit claim is not admitted earlier and the policy is in full force: Sum Assured + Accrued Bonus
• If Sickness benefit claim is admitted earlier: Balance of 50% of Sum Assured + Accrued Bonus on Full Sum Assured

Major illness benefit

• on first diagnosis of any of the 7 major ailments mentioned
  1. Immediate payment of 50 % of Sum Assured
  2. Waiver of Subsequent Premiums
  3. Payment of amount equal to 10% of the Sum Assured till date of maturity or the date of death of Life Assured whichever is earlier.
  4. Payment of balance 50% of the sum assured and vested bonus on the date of maturity or the date of death of life assured whichever is earlier.

Basic Features

LIC’s Pension (Money Back) is a non-linked with profit whole life assurance plan which provides fixed yearly amount(8% of sum assured per year upto 100 year) after completion of premium payment age and on maturity lumpsum amount of maturity (Completion of 100 years) or death payment will be paid.

key Features

• 8% of SA per year as guaranteed survival benefits
• Suitable plan for pension life long
• Whole life risk cover
• Availability of Accidental benefit rider
• Paid premiums are eligible for income tax benefit
• Survival benefit is tax free

Survival Benefit & Maturity Benefits

• On Successful completion of premium paying term(PPT), 8% of Basic Sum Assured per year will be paid as survival benefits upto a year prior to maturity, and
• On Completion of policy term, Basic Sum Assured + Simple Reversionary Bonus + FAB will be paid as maturity claim.

Payable on Death

• If death happens before commencement of risk, app premiums paid without interest excluding taxes will be paid to nominee as death claim.
• If death happens after commencement of risk, then basic sum assured + Bonus +FAB will be paid to nominee as death claim.

Commencement of Risk

In case, the policy holder is less than 8 year old, then, life cover will start 2 year after policy purchase or completion of 8 year of age, whichever is earlier. Eg: If policyholder is 2 year old, then life cover(risk) will start after 2 year i.e when policyholder will become 4 year old and if policyholder is 7 year old, then, risk will start when policyholder becomes 8 year old.