December 18, 2019

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.