December 18, 2019

Chartered Denmohor Bima

Chartered-Denmohor Bima is unique insurance plan innovated by Chartered Life to provide financial security for the married or bachelor individuals to pay off the denmohor to their spouse. According to Mohamedan and Contract Law, it is obligatory for the husband to pay his wife this rightful money agreed upon the contract of marriage (kabinnama) as soon as possible. Chartered Life is presenting you this plan to meet the expense of denmohor.

Features:

  • This plan is for incumbent male person whether married or bachelor to provide financial security to pay off denmohor to their spouse.
  • Minimum age of entry is 20 years and maximum age is 55 years.
  • Premiums can be paid annually, half yearly or quarterly
  • Minimum and maximum policy term would be 10 years and 35 years
  • Minimum and maximum amount of the policy would be BDT 1,00,000 & BDT 20,00,000 respectively
  • Policyholder may surrender the policy at least after the full payment of two consecutive year’s premium and will receive surrender value quoted at the time of surrender.
  • Policyholder may obtain a loan (maximum 90% of surrender value) against the policy by mortgaging it.
  • Accidental Death Benefits (ADB) & Permanent Disabilities Accidental Benefits (PDAB) may be covered
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

Survival Benefit:  The policyholder will receive full sum assured together with accrued bonuses on maturity at end of the term. The policyholder can utilize the maturity benefit for settlement of denmohor or for any other purposes. If the policyholder requires cash benefit before the end of the stated term he can surrender the policy and receive cash surrender value to be quoted by the Chartered Life.

Death Benefit: The beneficiary/nominee will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his death.

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December 18, 2019

Chartered Endowment Plan -2

Chartered-Endowment Plan-2 is comparatively cheaper & popular life insurance policy. This plan encourages force savings to fulfill your dream. It ensures safe investment, provides financial security, brings mental peace.

Features:

  • This plan assures the policyholder to receive the desired amount at the maturity of the policy or to the nominees for immature death of policyholder
  • Policy term may be for 10 years, 15 years, 20 years, 25 years, 30 years & 35 years
  • Policy holder requires may surrender the policy at least after the full payment of two consecutive year’s premium and will receive surrender value quoted at the time of surrender.
  • Policy holder may obtain a loan (maximum 90% of surrender value) against the policy by mortgaging it.
  • Minimum amount of the policy would be BDT 50,000
  • Accidental Death Benefits (ADB) & Permanent Disabilities Accidental Benefits (PDAB) may be covered
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

Survival Benefit: The policy holder will receive full sum assured on maturity at the end of the term.

Death Benefit: The nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy.

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December 18, 2019

Chartered Endowment Plan-1

Chartered-Endowment Plan-1 is most familiar & popular life insurance plan in the country. This plan encourages force savings to fulfill your dream. It ensures safe investment, provides financial security, and brings mental peace.

Features:

  • This plan assures the policyholder to receive the desired amount with accrued bonuses at the maturity of the policy or to the nominees for immature death of policyholder
  • Policy term may be for 10 years, 15 years,20 years, 25 years, 30 years & 35 years
  • Policy holder may surrender the policy at least after the full payment of two consecutive year’s premium and will receive surrender value quoted at the time of surrender.
  • Policy holder may obtain a loan (maximum 90% of surrender value) against the policy by mortgaging it.
  • Minimum amount of the policy would be BDT 50,000
  • Accidental Death Benefits (ADB) & Permanent Disabilities Accidental Benefits (PDAB) may be covered
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

Survival Benefit: The policy owner will receive full sum assured along with accrued bonuses on maturity at the end of the term.

Death Benefit: The nominee of the policyholder will receive full sum assured along with bonuses accrued on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.

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December 18, 2019

Chartered Monthly Savings Plan

Features:

  • This plan assures the policyholder to receive full sum assured together with accrued bonuses on maturity.
  • The nominee of the policyholder will receive full sum assured with accrued bonus on death of policyholder
  • Minimum policy term would be for 10 years, and maximum would be for 25 years
  • Minimum face amount/ basic sum assured of the policy would be BDT 50,000 and maximum would be BDT 1,00,00,000
  • Minimum monthly premium would be BDT 1000
  • Premiums can be paid annually, half yearly, quarterly, & monthly
  • Minimum age of buying policy is 20 years and maximum age is 55 years.
  • This policy would be surrendered after two yearly installments are paid.
  • Policy holder may obtain a loan (maximum 90% of surrender value) against the policy.
  • Accidental Death Benefits (ADB) & Permanent Disabilities Accidental Benefits (PDAB) may be covered
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

Survival Benefit:  The policyholder will receive full sum assured together with accrued bonuses on maturity at the end of the term.

Death Benefit: The nominee will receive full sum assured on death of the policyholder within the term of the policy together with accrued bonuses.

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December 18, 2019

Chartered Money Back Plan

Chartered-Money Back Plan is a secured plan having high risk covered with low premium. Main objective of the plan is to assure the dependents of the policyholders to get the sum assured. The policy owner would be paid off the desired amount with 25% profit at the maturity of the Plan.

Features:

  • This plan assures the policyholder to receive the desired amount with 25% profit of sum assured at the maturity of the policy or the nominees to receive full sum assured at death of policyholder
  • Rate of premium is very much lower than other plans
  • Premiums can be paid annually, half yearly & quarterly
  • Policy term would be for 10 years, 15 years and 20 years
  • Accidental Death Benefits (ADB) & Permanent Disabilities Accidental Benefits (PDAB) may be covered
  • Minimum amount of the policy would be BDT 100,000
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

Survival Benefit: The policyholder will receive return of all premiums paid during the term of the policy and 25% of basic sum assured on maturity of the policy.

Death Benefit: The nominee will receive full sum assured on death of the policyholder within the term of the policy.

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December 18, 2019

Chartered Pension Plan

Features:

  • This plan assures the policyholder to receive annual pension stated in the policy document for a guaranteed period of ten years and as long as he/she is alive thereafter.
  • This plan also assures the nominees of the policyholder to receive ten times the amount of annual pension for immature death of policyholder
  • Premium can be paid on annually, half yearly, quarterly & monthly basis
  • Minimum policy term would be for 5 years
  • Minimum face amount/ basic sum assured of the policy would be BDT 10,000
  • Minimum premium would be BDT 666
  • Minimum age of buying policy is 20 years and maximum age is 55 years.
  • Policy holder may obtain a loan (maximum 90% of surrender value) against the policy.
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

  • Survival Benefit: The policyholder will receive annual pension stated in the policy document for a guaranteed period of ten years and as long as he/she is alive thereafter.
  • Death Benefit: The nominee will receive ten times of the amount of annual pension for immature death of the policyholder.
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December 18, 2019

Chartered Hajj Bima

Features:

  • This plan assures the policyholder to receive the full sum assured together with accrued bonuses on maturity.
  • The nominee of the policyholder will receive full sum assured with accrued bonuses on death of the policyholder
  • Minimum policy term would be for 10 years, and maximum would be for 35 years
  • Minimum face amount/ basic sum assured of the policy would be BDT 100,000 and maximum would be BDT 10,00,000
  • Minimum annual premium would be BDT 2,940
  • Premiums can be paid annually, half yearly & quarterly
  • Minimum age of buying policy is 20 years and maximum age is 55 years.
  • This policy would be surrendered after two yearly installments are paid.
  • Policy holder may obtain a loan (maximum 90% of surrender value) against the policy.
  • Accidental Death Benefits (ADB) & Permanent Disabilities Accidental Benefits (PDAB) may be covered
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

  • Survival Benefit: The policyholder will receive the full sum assured together with accrued bonuses on maturity at the end of the term. The policyholder can utilize the maturity benefit for performing Haj or for any other purpose. If he/she requires cash benefit before the maturity of the policy he/she can surrender the policy and receive cash surrender value to be quoted by the Company at the time of surrender of the policy.
  • Death Benefit: The nominee will receive full sum assured on death of the policyholder within the term of the policy together with accrued bonuses.
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December 3, 2019

Chartered Child Plan

The Child of today is the future of tomorrow. Chartered life is devoted to ensure their secured future through this Chartered-Child Plan.

Features:

  • This policy will cover both the lives of child & the policyholder.
  • The child’s minimum age at entry is 06 (six) months & the maximum age is 15 years.
  • Minimum and maximum age of policyholder for entry is 20 years is 55 years.
  • Premiums can be paid annually, half yearly or quarterly
  • Minimum and maximum policy term would be 10 years and 20 years respectively
  • Minimum amount of the policy would be BDT 50,000 & maximum can be determined by policyholder’s desire
  • Policyholder may surrender the policy at least after the full payment of two consecutive year’s premium and will receive surrender value quoted at the time of surrender.
  • Policyholder may obtain a loan (maximum 90% of surrender value) against the policy by mortgaging it.
  • Accidental Death Benefits (ADB) & Permanent Disabilities Accidental Benefits (PDAB) may be covered
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

Death Benefit:

  • If the policyholder (father or mother) dies within the term of the policy no further premium will be payable. In such an event the following benefits are payable
  • 1% of the sum assured will be paid as stipend till the end of the policy term.
  • Full sum assured will be paid at the time of maturity.
  • If the nominee/child dies before the maturity the following benefits are payable:
SL Policy term at child’s death
  •  

Not more than 06 months 25% of the basic sum assured

More than 06 months but less than 12 months 50% of the basic sum assured

3

More than 12 months but less than 24 months 75% of the basic sum assured

More than 24 months 100% of the basic sum assured

 

Survival Benefit: 

  • If the policyholder and the child survive till the end of the term full basic sum assured along with accrued bonuses will be paid.
  • If after the death of the policyholder, the child dies within the term no benefits are payable within the term but end of the term full basic sum assured along with accrued bonuses will be paid.
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December 3, 2019

Chartered Education Plan

Features:

  • The beneficiary will get stipend for ten years after the maturity of the policy and the beneficiary will get educational assistance allowance, if the policyholder died.
  • The child’s minimum age at entry is 06 (six) months & the maximum age is 20 years.
  • Minimum and maximum age of policyholder for entry is 20 years is 55 years.
  • Premiums can be paid annually, half yearly or quarterly
  • Minimum and maximum policy term would be 10 years and 20 years respectively
  • Minimum amount of the policy would be BDT 10,000 & maximum can be determined by policyholder’s desire
  • Policyholder may surrender the policy at least after the full payment of two consecutive year’s premium and will receive surrender value quoted at the time of surrender.
  • Policyholder may obtain a loan (maximum 90% of surrender value) against the policy by mortgaging it.
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

Death Benefit: If the policyholder die within the policy term no further premiums are payable. Education assistance allowance will be paid from the date of the death of the policyholder till the end of the term of the policy.

Survival Benefit:  At the end of the policy term stipend will be provided to the beneficiary child and the stipend will be continued for ten years, which will be increased at the rate of 7% p.a. compound rate every year. In addition bonuses will be paid on the sum assured.

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December 3, 2019

Chartered Single Premium Plan

Features:

  • This plan assures the policyholder to receive twice of the basic sum assured at the maturity of the policy or to the nominees for immature death of policyholder
  • Premium to be paid on single installment
  • Policy term would be for 6 years, 8 years, 10 years, 12 years, 14 years & 16 years
  • Minimum face amount/ basic sum assured of the policy would be BDT 20,000
  • Minimum premium would be BDT 29,000
  • Minimum age of buying policy is 18 years and maximum age is 50 years.
  • Income tax rebate may be obtained by taking the policy.
  • The claim amount is also tax free

Benefits:

Survival Benefit:  The policyholder will receive twice the basic sum assured on maturity of the policy.

Death Benefit: The nominee will receive twice the basic sum assured on death of the policyholder within the term of the policy.

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