Child Protection Assurance (with bonus) – Plan-01
শিশু নিরাপত্তা বীমা- (বোনাস যুক্ত) - পরিকল্প ০১ Download Download
This is a joint life assurance and covers the lives of child and either of the parents.
Features & Eligibility
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Types of plan:
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It is an Endowment assurance
plan for child protection.
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Child's minimum age:
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6 months.
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Child's maximum age at entry:
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15 years.
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Child's minimum maturity age:
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30 years.
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Maximum maturity age (parent):
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65 years.
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Term:
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from 10 to 20 years.
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Income Tax:
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Income tax relief permissible.
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Minimum sum assured:
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Tk. 30000/=.
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Maximum sum assured:
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Based on the paying capacity of the payor .
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Mode of payment:
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yearly, half-yearly, Quarterly
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Premium calculation:
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premium rate chart (per thousand)
given in the brochure.
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Payor:
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Father only accepted as payor.If he is
dead or uninsurable, mother can be payor,
provided she is educated and a working
lady or income tax payor.
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Payor’s age:
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20 to 55.
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Benefits:
- If the Policyholder and the Child both survive full term of the policy, SUM ASSURED and ACCURED BONUSES become payable.
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If the Payor dies during the continuation of the policy, all future premiums will be waived and the
- Assured child will get Tk. 1% of the SUM ASSURED per month until the date of the maturity and
- Full SUM ASSURED with accrued bonuses after the date of maturity to meet the expenses of marriage and higher education of the child.
- If the child dies (Allah forbid) before maturity of the policy and during lifetime of the policyholder, the death claim payable to the policyholder depends on the age at death of the child.
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After Commencement of policy if child dies within (years) |
Benefits |
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Not more than 6 months |
25% of sum assured plus accrued bonus |
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More than 6months but not more than 1Year |
50% of sum assured plus accrued bonus |
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More than 1 year but not more than 2 years |
75% of sum assured plus accrued bonus |
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More than 2 years |
100% of sum assured plus accrued bonus |
As the name suggests, the plan is suitable for parents who want to cater future financial needs of their children in case of death of the breadwinner of the family. The plan has a unique feature of providing coverage on the life of child.
